NIFTY 50 future TRENDS

[manoharpillai]

Yes TP this is not going to stop here until my down targets are hit...

 

[TraderRavi]

Yes TP this is not going to stop here until my down targets are hit...

wats ur down target...............

 

[manoharpillai]

I wonder if Mano has some input on this, as it could also mean that the A>D>E could mean the first 3 waves of a longer term DOWN. That's not my view...yet, but I am picking his brain on that one.

Paul charts indicates we are in for intermediate correction to understand your ABCDE THEORY the below chart could give some clarity to your interpretation
Here we go No1. The bullish trend started 2nd Jan 2012 low of 4588 to the high of 5630 is intact as long (explained earlier Rule 3: Wave 4 can never overlap Wave 1.) which is at 4800 should hold for this on going up trend to continue in other words the 12345 ABC up trend wave count to be valued (REFost:7330)
The present down corrective move which is wave 4 of up trend could again form 8wave Theory with in this up trend so this down trend either get nullified if spot crosses 5460 or could extend move down to break resent low of 5170 to compleat wave 5 (yet to start)

This was my reply to paul on 11th March. and my targets are 5080/4950
Now wave 5 (Down) in progress will go below 5170 and the retracement levels are placed at 5080 and 4950

 

[TraderRavi]

This was my reply to paul on 11th March. and my targets are 5080/4950
Now wave 5 (Down) in progress will go below 5170 and the retracement levels are placed at 5080 and 4950

I m too counting but spot shud not fall below 5170 for my counts to remain valid......
nifty is in 5(ii) acc to my EW counts....

 

[TraderRavi]

I m too counting but spot shud not fall below 5170 for my counts to remain valid......
nifty is in 5(ii) acc to my EW counts....

nifty will fill the gap @ 5243....then shud continue upward journey.....

 

[manoharpillai]

I m too counting but spot shud not fall below 5170 for my counts to remain valid......
nifty is in 5(ii) acc to my EW counts....

REF: (to 7458 Illustration) wave 5 have to break 5170 to form a new low and then start abc wave to complete this entire correction.
Please note this is an Intermediate correction inside bullish trend started from 4530 wave 3 ended at 5630 and now corrective wave 4 is in progress once this get over (should not breach 4805) the long term trend is up and will cross 5630 and make a new high in this year.

 

[manoharpillai]

S3-5240 achieved i close my trade for the day.

 

[rkgoyal_98]

REF: (to 7458 Illustration) wave 5 have to break 5170 to form a new low and then start abc wave to complete this entire correction.
Please note this is an Intermediate correction inside bullish trend started from 4530 wave 3 ended at 5630 and now corrective wave 4 is in progress once this get over (should not breach 4805) the long term trend is up and will cross 5630 and make a new high in this year.

As per one of the rules 3 can not be smallest. As of now we have 1 bigger then 3 so to meet this rule 5 has to end arround 5220
regards

 

[4209211]

Trading below S1-5311 now this become Res. watch out this level to cross if at all any intraday surge towards Pivot 5356 till then trend is weak

5040:clapping::clap:

 

[TraderRavi]

5040:clapping::clap:

nahi aayega ........mr. 420.........