Price has completed a five-wave corrective structure at 495.
The corrective waves consist of three waves wherein B is a corrective, and A & C are the impulsive waves of corrective structure.
Wave B has broken down the ending point of wave A, which suggests that wave C has started.
Measurement for Wave C:
Wave C can accomplish 61.8% of impulsive structure at 344.
Wave C can finish at 100% of wave A at 320.
Wave C can complete at the lower band of the corrective channel.
Traders can trade for the following targets: 360 – 356 – 342+
Head and shoulders pattern:
Right shoulder has broken down the neckline of the head and shoulders.
Head and shoulders also suggest a bearish atmosphere.
I have provided entry, targets & invalidation levels for premium subscribers.
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very informative.
Very informative for novice traders. Keep it on with such key advices.
Great catch
good setup thanks for the share
i applied your study on multiple charts. must say
it’s impressive, but it’s for experience eyes..
appreciate the effort 👌
Thanks for this 👍 stay blessed
thank you for your valuable posts to us and wave count.
How far the Nifty can go down. ?When should we start buying stocks ?
Your prediction about the stock market Index are always/ almost correct. This continuous fall down in Share Market has broken the backbone of small investors.
Pls guide them to enable them to recover their heavy losses. THANKS