Skip to main content

NG Could make a upward little rally

NG is near to a ascending Support line if NG take support on 3.601 level so we can see on more upward rally to 3.945 level


Comments

Popular posts from this blog

Punjab National Bank Trading Strategies

Daily Trading Strategies                                                                                                      15/02/2017 Daily Level           Punjab National Bank R3- 147.00      Buy     Buy above 144.70 with Target-145.70/147 with Stop Loss-144.30. Note: If open price is below 144.70 than order is active  R2- 145.70 R1-144.70 Resistances Support      Sell Sell Below 141.60 with Target- 140.60/139.30 with Stop Loss-142.10. Note: If open price is above 141.60 than order is active S1- 141.60 S2- 140.60 S3- 139.30

Nifty Trading Strategies

Daily Trading Strategies                                                                                                                                                                              15/02/2017 Daily Level                    Nifty R3- 8848            Buy        Buy above 8818 with Target-8831/8848 with Stop Loss-8808. Note: If open price is below 8818 than order is active  R2- 8831 R1-8818 Resistances Support            Sell Sell Below 8875 with Target- 8761/8744 with Stop Loss-8885. Note: If open price is above 8875 than order is active S1- 8775 S2- 8761 S3- 8744

Nifty Elliot Wave theory explained with projection of wave 4

NSE:NIFTY Till date  Nifty   on wave 3 on larger degree of  Elliot wave Explanations:- ** If we subdivided wave into shorter degree or in 5 wave its match with Fibonacci retrenchment levels in all subdivision of wave 1. ** On wave  2  which is a corrective wave also match with  Elliot wave  rules and its take corrections within 50% of wave 1. ** On  wave 2  subdivision are also match with corrective wave patterns. ** Now comes to  Wave 3  which is need to match with  Elliot wave  theory where Fibonacci levels should be  161.8%  of  wave 1 , which is  11340  approx. ** If the  wave 3  subdivided into shorter wave degree, we can see the  5th wave  is forming and it has to be within  1.236-1.618%  of wave , equal to  wave 1 or 61.8%  of  wave 1+3 . ** So now comes to conclusion on 5th wave * Either  1.236- 1.618%  Fibonacci levels of  wave 4  which is on  11630  approx * Or equal to  wave 1  which is  12450  approx * Or  61.8%  of  wave 1+3  which is also near  12457  approx ** Now end re