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Thursday, April 17, 2014

elliott wave indian index update


    every one knows 5 waves are over in nifty. but most important is the next trend identification.

>>> Click on chart to enlarge it.<<<

Wednesday, April 16, 2014

Trading with chart

"Chart analysis (also called technical analysis) is the study of market action, using price charts, to forecast future price direction. The cornerstone of the technical philosophy is the belief that all factors that influence market price - fundamental information, political events, natural disasters, and psychological factors - are quickly discounted in market activity. In other words, the impact of these external factors will quickly show up in some form of price movement, either up or down."

Saturday, March 29, 2014

Turkey index



Turkey elliott wave count

turkey index ended 5 wave decline as per wave principal.
wave 3 extended.
wave 5 Truncated.
next move up is taken place in turkey index.


Tuesday, March 25, 2014

Bank Nifty



Bank Nifty

After Flat pattern Bank Nifty moved higher than previous high.
any movement below wave c will confirm decline and sideways market move(s).

Monday, March 24, 2014

Bank nifty



Bank nifty still impulse left.
 Above wave counting on 5 min chart.
trend is up in bank nifty............

Friday, March 21, 2014

cnx it



cnx it index show clear path of decline in future.
movement will soon change the shape of cnx it index.
wave 4 will end soon and trend will remain continue for wave 5 down.

Wednesday, March 5, 2014

Sunday, February 23, 2014

psu bank index wave update



Cnx psu bank index (India) update.

Psu Bank Index shows clearly 5 wave decline.
current trend of psu bank index is up in a-b-c or alternative (motive wave in one larger degree wave count)
wave ii is sharp and wave iv is triangle. and completing degree of wave in 5 wave sequence .