daily C is still running from near 5368 down, exact magnitude not known but it may be shorter than daily time frame A, after daily C ends monthly 5 up will start, if C ends higher than 4245 then monthly 5 can even exceed 6357 else it will fail, i suspect monthly 5 can take form as a terminal impulse.
5 comments:
Hi Abhay,
A contradiction observed in the article. Your writeup talks about daily and monthly time frames, whereas the image shows daily and weekly time frames.
Also, are you execting that daily C = weekly (monthly ???) 4 and X wave = weekly (monthly ???) 5 ???
Thanks,
Praveen
oh sorry pls read the weekly above as 'monthly'.
yes praveen its the overall rough structure, while daily goes through its correction after its 5th impulse, 5 monthly will complete is my guess if 4245 is breached then monthly 5 will fail and may max go only upto 5500 in that case, internally the structure i have discussed on two timeframes going forward.
thanks,
regards
abhay r somkuwar.
Hi Abhay
Congrates...you are doing great job.
Can you pls post a weekly view of nifty and general trend of market for week.Like you can post on every monday with technical supports of graph.
Thanks in advance.
thanks karan,
actually right now iam trying to give a general view on nifty whcih can be used for making investment decisions by judging mkt direction, but i'll consider about ur suggestion, thanks again.
regards,
abhay r somkuwar.
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