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Tuesday, January 31, 2012

nifty and usd/inr elliott wave

IN BELOW CHART NIFTY AND USD /INR BOTH ENDED WAVE 3 IN DIFFRENT RETRACEMENT.



ABOUT USD / INR -- AS PER OLD FORECAST OF 49 IN WAVE 3 WE SHOW 49.22 AS LOW IN WAVE 3. ALMOST 4.23 OF WAVE 1 AND WAVE2.LET GET READY FOR WAVE 4 ACTION IF .23 OF WAVE 2 AND WAVE 3 @ 50.14 AND IF .38 THAN 50.77 FOR WAVE 4 STOP (INVALIDATION TO COUNT ONLY BELOW 49.22)



ABOUT NIFTY-- AS PER LAST POST WAVE 3 IS NEAR AN END AND STILL WAVE 4 AND 5 TO GO . HERE IS WAVE 4 AND IN FIRST VIEW IT SUB DIVIDED IN THREE SUB COUNT AS (A) AND (B)? WAVE B CAN END SOON. AT FIRST VIEW I WOULD LIKE TO TAKE IRREGULAR FLAT (3-3-5) SO IN WAVE (C) I AM LOOKING FOR 5 WAVE OF SUB COUNT.WAVE (C) CAN RETRACE 1.618 OF A & B OR WAVE A BOTTAM .WAVE A = WAVE C.

(CLICK ON CHART FOR ENLARGE)

Friday, January 27, 2012

nifty elliottwave count


in above chart wave 3 extended smartly with gaps.wave 3 of 3 which is ended in diagonal ( but which is not overlapping wave1 and wave 4) .wave 3 of wave 4 ended in triangle .and wave 3 of 5 is near an end. from wave 1 main to wave 2 main wave 3 main which move almost 2.618 @ 5235. of wave 1 and 2 retracement. wave 4 main and wave 5 main is still to go .

(click on chart for zooming)

best view in -- https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAwbURMuQY3lp9mwH3WcOE_eSO3qcdzK-AtDpUaZCnrJeXhOKYrqV2pSPIpyKDMPTqyZaJl6hyphenhypheneLIywwqhYGB-TpD6cqjiYeVzSDjyZzOiieM3e_OANo6GNoW1W64uCXfY-YQvXu1xr7A/s1600/elliottwave+27.1.2012%25281%2529.jpg

Monday, January 23, 2012