## Trade-Setups on Maruti Short Target 6639 and 6483

How to find the next wave after the development of extended waves?

Two terms are important to understand for this Sample.

• Extended Wave – The biggest wave of three impulsive waves (W1, W3, or W5) for the motive phase. In this, we expect gaps, surged, sharp moves in it.
• Difference between points – A wave has two points, the starting and ending point. The distance between them is the difference between those points. For example, Wave 1 traveled from Rs. 30 points to Rs. 45 point. As a result, the difference between 45- 30 points is “15”.

The formula that we will use to find the 5th wave:

Difference of, 5th Wave = 3rd wave Extended – 1st Wave
(add this difference of 5th wave to the 4rth wave)

&

Difference of, 5th Wave = 3rd wave – 1st Wave Extended
(add this difference of 5th wave to the 4rth wave)

Formula when 5th Wave is extended:

Difference of 5th Wave = D. 1st Wave + D. 3rd Wave
(add this difference of 5th wave to the 4rth wave)

Let’s first check the chart of Maruti on a daily timeframe (March 2020-21):

Daily (Fig. 1.1 The price finding starting point of the IV wave)

At a minimum, waves V should carry prices above the 8991 rebound high in five distinct waves. The wave IV is subdividing, support labeling below 6923(.382 retracement of wave iii) is around 6639(Y=W) and then 6483(0.5 retracement of wave iii). Let’s use the formula for determining target,

The formula that we will use to find the 5th wave:

Difference of, 5th Wave = 3rd wave Extended – 1st Wave

(add this difference of 5th wave to the 4rth wave)

Wave V= Wave III(D.1602) Extended – Wave I(D.3670

= D.2068

Adding D.Wave V into Wave IV,

= D. Wave V (2068) + Wave IV (still not confirmed)

Therefore, we have to wait for confirmation of wave IV.

Let’s take a look at 4-hour TF cautiously for creating a sell setup:

4hrs (Fig. 1.3 selling setup with low risk and high reward of the IV wave)

I wouldn’t rule out the possibility that the”corrective zigzag wave Y lower side is in place. Therefore, the sell setup can be initial. The price can test 6600-6650 but, I need to reassess if the price can move 7218 above.

Sell Setup can be following:

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The wave counting on historical data.

4hrs (Fig. 1.4 selling setup with low risk and high reward of the IV wave)

There’s nothing new to add here. The chart is easy to understand for paid Subscribers.

The weekly chart from 2008-2021 (Fig. 1.4 The price is traveling for Wave Rounded Wave5)

The pullback from April 2020 counting as the wave is completed. The price(T-11793) is expected to complete the wave in the near term with an all-time high.

The formula that we will use to find the 5th wave:

Difference of, 5th Wave = 3rd wave Extended – 1st Wave

(add this difference of 5th wave to the 4rth wave)

Let’s apply it to Maruti;

Wave = D. R. Wave 3 (D.9096) Extended – R. Wave 1 – (D.1304

= 7792

Adding D. R. Wave 5 into R. Wave 4,

= D. R. Wave 3(7792) + R. Wave 4 (4001)

R. Wave 5= 11793

Note: for the buying in Maruti, you will get a New PDF Report with exact entry level shortly.

## Simple TimeCycle and Parallel Channel, NIFTY.

There is still not worry for long positional trader until the price would not fall below 13397 and Support 13000.

## Nifty price traveling towards the 5th W. for target 11900 & …

Normally I don’t prefer to trade with a heavy position at 5th wave especially, whenever the 3rd wave is extended. In this case, we’re moving toward forming the 5th Wave.

I have already predicted 5wave of A, B, and C by using future expected retracement.

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## Nifty Trading view for this week.

Short Term View for NIFTY:
3 control working her excellet. After breakout the cannel will create new trend.

As per weekly breakdown strategy of the channel, Bottom is out base on timeCycle and value low.

Control Price (c) is going to price attraction which higher from current price.

I will update shortly NIFTY trade for SUBSCRIBER.

Fib Retracement.

Important of 50%(9387) Fib. Retracement at “a” and “b”, which mean start and end point of fib is perfect.

Pull-back retracement is at 8661 nearby which is easy at 61.8%.

## nifty is going to open more than 200+.

nifty is going to open more than 200+. At opening (b) control price can react as resistance, otherwise, the next resistance at (a) controlled is too far at 9414 nearby.

There’s more chance to get a fall on nifty .

As per the time cycle nearby date 20 April, we may see nifty 8800 below.

## Where is the Bottom of the SBIN? – (daily & weekly)

• correction wave -106 (100%)
• impulsive wave -177(in contiuating)

–> LH and LL are confirmed after the impulsive waves. After completing the impulsive wave, the correction wave will start for first target 211 – 230 and 244-258 shortly. Impulsive wave more than 70% extended than correction wave which is great for next correction wave.