Rutvik_12121

Rutvik_12121

I have put down the predictions according to the Elliott wave theory. for any one who is not aware about the wave theory, the wave theory tells us that the market moves in 5 step upwards and 3 step down. According to my calculations the index is currently in wave 2 and the 3rd wave ( Positive) has begun. the up move will be confirmed when the upper trendline is...

Rutvik_12121 Updated 

it will show a bullish trend for next 3 weeks where in it will gain good momentum but then immediately there will be a major crash where it will fall back in the current consolidation zone. after which a little buying will come in and after 2 weeks of consolidation the market will see a major crash. The same levels can be applied to nifty

Rutvik_12121

the IRFC chart is in early stage of reversal. According to my knowledge of Elliot Wave theory, there is a clear divergence in daily char and the first fall after the fifth wave is quite sponge. the current stage is wave A which is the first fall after the completion of 5 waves. Selling is not suggested at the current stage but booking 50% of profits is advisable....