NIFTY 50 future TRENDS

[darshanshukla]

Hi VJay,
Nice observation and I have made same line in wolf wave of BankNifty and Nifty,
Here posting a good doc for the same
There are many other links are there as well for your ref.,
also read gartley wave and Butterfly
Happy trading ahead,
Darshan

Do we have a Bullish Wolfe Wave on Nifty charts?

If Yes, then we are flying to 529x area soon

Example :

Actual Nifty Daily Chart :

 

[rajasree1]

I think 4 hr is yet to be completed.
Pl check time duration of the last candle.

 

[sudoku1]

NF trend DOWN


tgt > 4567

 

[4xpipcounter]

LTT, it's not a typical TL break. It was not accompanied with a strong candle through it. A TL break is like an alarm with whistles blowing. It's announcing the trend has reversed.

Break of the 4 hour TL? Any views?

 

[anayash]

Do we have a Bullish Wolfe Wave on Nifty charts?

If Yes, then we are flying to 529x area soon

Example :

Actual Nifty Daily Chart :

For price to meet the Wolfe Wave & the trend line, 4880-4900 need to be taken out convincingly this week. In that case, we should see 5200-5300 before we see 4500!

Uploaded with ImageShack.us

 

[darshanshukla]

Dear LTT,
Its very good observation and once trend line violation is there as 4xpip said trend may reverse and if you closely see your chart it is also a Rising Wedge formation which have broken which is not a good sign for markt.
Happy trading ahead.

Break of the 4 hour TL? Any views?

 

[4xpipcounter]

Darshanshukla, another thing that makes this TL break unconvincing is that the UP has just been steady. Until now, there has really been no real swing low.
IMO, a legitimate TL will be drawn on this TF once this swing low is completed. That will be the TL you want to watch for the break on, and when it is broken it will be accompanies by the bells and whistles I described earlier, which is basically a longer than usual candle that will break the TL, and then we will see a correction after it is broken. We are looking at 2012 for that to happen. (Seems like a long way, but its only 4 trading days from now.)

Dear LTT,
Its very good observation and once trend line violation is there as 4xpip said trend may reverse and if you closely see your chart it is also a Rising Wedge formation which have broken which is not a good sign for markt.
Happy trading ahead.

 

[LivetoTrade]

Darshanshukla, another thing that makes this TL break unconvincing is that the UP has just been steady. Until now, there has really been no real swing low.
IMO, a legitimate TL will be drawn on this TF once this swing low is completed. That will be the TL you want to watch for the break on, and when it is broken it will be accompanies by the bells and whistles I described earlier, which is basically a longer than usual candle that will break the TL, and then we will see a correction after it is broken. We are looking at 2012 for that to happen. (Seems like a long way, but its only 4 trading days from now.)

I too was not very convinced about the TL break.

However a parallel thought was that if it was indeed genuine, we could still have a lazy climb to the bottom of the cloud on this side of the TL, and then look for a reversal.

 

[4xpipcounter]

We are in the R zone right now. The area of the cloud is a huge cluster event. still. The more important point of the TL is to draw it from that dip to wherever this swing low ends up. Near the bottom of the cloud would be a good entry for the short, but the break of the TL will confirm

The TL you drew originally is so steep that by process of elimination price will stay on this side of it.

I too was not very convinced about the TL break.

However a parallel thought was that if it was indeed genuine, we could still have a lazy climb to the bottom of the cloud on this side of the TL, and then look for a reversal.

 

[essem]

only rumors everywhere.. but Market is not falling like what everyone predicted..i think they are accumulating all the stocks by keeping fear on the market.. with the support of our famous channels... any idea?