Thursday, March 3, 2011

Elliott Wave on Nifty

This correction from 5177 bemuses me. Will it be a zig-zag, flat, triangle or combination? Flat or a triangle seem more plausible.

2 comments:

  1. 1st wave ended at 5690 ...so this 4th wave MUST NOT touch that 5690......Laso broke important trend line resistance at 5530....so i dont think it will be a triangle any more......only thing left is FLAT ...i tihnk it will hit around 5670 ...and head down ......

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  2. my reservation about a flat is that wave B is above wave A, should have been 5177 or below according to theory.
    I have asked Ilango sir this Q on Just Nifty Here

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