Astute_Dharini_Trades

Astute_Dharini_Trades

Instead of raising in corrective wave, Nifty raised on an impulse move to finish it wave 5 of the previous degree and completing the larger degree wave 3 from March 2022 . Once the trend line is broken the correction to wave 4 should start. Quite complicated structures are forming in Nifty chart challenging the counts and that is the beauty of EW analysis.

Astute_Dharini_Trades

vedanta should be ready for wave 5 after a prolonged period of wave 4 correction. first impulse seen on wave 1 and after retracement to wave2 the leg should take up the balance raise on wave 5 as per the EW analysis

Astute_Dharini_Trades

Nifty quarterly count shows still we have up move for some long term consolidation to come and until and then it could be on the trending move

Astute_Dharini_Trades

Nifty future chart hourly analysis. either x is done or a of x can be done here. possibilities of wave moment are shown on the chart

Astute_Dharini_Trades

Possible counts of EW analysis is shown on weekly TF for the script. The raise was corrective in nature and may continue correction until we see an impulse move upside. Either Blue circled or Black circled correction pattern can play out

Astute_Dharini_Trades

Nifty future hourly chart EW analysis shows raise is on wave X after a wxyz pattern and expecting wave Y next

Astute_Dharini_Trades

Laurus lab weekly counts shows soon a leg of correction is to end near the previous degree wave 4 where there exists a buying zone.

Astute_Dharini_Trades

So as alerted yesterday the possibility of wxyxz played out today and raise now is on wave x. Wave x retracement can stop on any of the markings with "? " on the chart to start wave y down to reach wave 4 level of the previous degree.

Astute_Dharini_Trades

Bajaj Fin can be at the last leg of correction . EW analysis is shown with counts on the chart for learning purpose.

Astute_Dharini_Trades

Either we are doing WXYXZ or WXY . Marking of Blue with circle or Black with circle can play as per EW analysis on the Nifty future hourly

Astute_Dharini_Trades

Nifty future possible wave counts as per EW structure. wave analysis shows down trend to continue with intermittent corrective bounces

Astute_Dharini_Trades

Thats a lovely chart with complex corrections marking as per the EW to see the completion of wave 4 and looking impulse to start the minor wave of wave 5. Note this is purely for education purpose only of EW .

Astute_Dharini_Trades

Nifty Future EW count is marked on the chart and we expect the correction to continue until we reach the previous wave 4 level

Astute_Dharini_Trades

seems Wave 3 starting now breaking out of consolidation

Astute_Dharini_Trades

completed correction and started impulse waves. retracement can be to 50 or 68% and then to move up and break out

Astute_Dharini_Trades

seems ready to make up move . after consolidation. tight SL to avoid losses

Astute_Dharini_Trades

thought on MRF impulse wave

Astute_Dharini_Trades

Eicher correction thoughts invalid if B crosses up the resistance level shown