the script shows an impulse rise on daily after wave 4 completion and the minor degree of wave 2 should be in progress to then turn around to complete the wave 5 of bigger degree as per the EW analysis on the chart
the script is on corrective raise within which an impulse of 12345 is being done and the last leg is pending to complete the corrective leg B of major degree as per the EW analysis. as the price retraces and bounces back the confirmations can be observed for the waves movement
the chart analysis shows the long consolidation on wave 4 is complete and can go to complete the impulse cycle . confirmations would be as the price crosses the averages and breaks the upside prices in the coming weeks
SRF completed a long time complex triple 3 correction by Z and raised on impulse on the weekly chart which is expected to continue as per the wave analysis and pattern breakout analysis after a retracement
3 M has retraced 50% for previous wave 4 degree and can have a retracement on corrective to continue with wave correction or to complete the wave 5
Wave z is completed and impulse raise is seen on weekly chart showing either wave2 is completed to move up for wave 3 or another leg of correction has started
Sapphire foods shows Z wave was completed and impulse move has started to make either ABC or 123 as shown in the chart analysis
Dmart possibilities of EW analysis is shown on the chart which had a breakout this week from the trend line and can now for go for completing wave 5 of the smaller degree.
USD INR EW analysis is shown on the chart where Waves 1,2,3,4 are done and 5 move is pending as per the analysis
Nifty media weekly counts are displayed on the chart and it shows the correction should have been completed and next move can start from here . Should be a bottom fishing point to get in this sector now to have a ride with high risk reward ratio
Nifty went of sideways today completing wave 1 and 2 correction retracting 50% of the fall on wave 1 of C. wave 3 , 4 and 5 of C would continue downwards in the coming days. EW analysis counts are marked on the chart
As expected wave c continued down after the consolidation . the fall could continue down in the coming days to reach the wave 4 of bigger degree. EW analysis is shown on the chart
As expected on the finnifty monthly expiry day nifty did wave 4 of the fall and the EW analysis shows the fall can continue down to make the wave C of the correction pattern leading down making major degree wave 4 in the coming sessions
Nifty Future hourly is probably making the wave c and still in progress. internal wave formations are going on
As expected Nifty opened gap up and started falling on wave C , so far it seems it is sub dividing in 1,2,1,2 to continue downwards on wave C as per EW analysis.
Nifty continues its complex correction pattern in wave 4 retracing all the fall today probably making an expanded flat correction hitting another new high today.
as expected nifty raised on wave B and fell on Wave C. the fall can continue in the coming days till the bigger wave 4 is done.
Still Nifty future in same zone, if high is taken out temporarily it can make expanded flat crossing high and coming down. expecting the correction towards 20800 to start by mid of this week as per the EW chart analysis