Sunday, December 23, 2012

Elliott Wave & Technical Analysis for Nifty

One can check couple of previous Posts to get the Trading insight and EW Counts being followed . Check charts there for developing Negative Diversions appearing in the resistance zone of 5950-70 starting for 10 min and moving to Hourly and Daily time frame and now in Weekly .
The Charts and Observations have been updated below. -

Sunday, December 2, 2012

Elliott Wave & Technical Analysis for Nifty

The short term correction ended at apprx. 5548 level from where the uptrend started again. Please check the Post written at the start of November series for the insight where a likely target for the correction was expected near 5550 and then upmove to resume for higher targets - CLICK HERE

Prices went to test and whipsaw 50dma but respected the Trendline support as shown in the last post . The last week update in the comment section mentioned-