NIFTY ELLIOTT WAVE COUNT 21.12.2011

IN ABOVE CHART WAVE [3] OF SUB DIVIDED WAVE 5 OF 3 IN EXTENSION THAT IS STILL MARKED IN (???) MY INVALIDATION @ 4818.WAVE [2] IS CALLED AS (RUNNING ALSO)/(IRREGULAR FAIL FLAT).WAVE 3 OF SUB COUNT WAVE 2 ? IS RETRACED BY .618 OF WAVE 1.

H & S PATTERN NIFTY

NIFTY CAN COME AROUND 2800 LEVELS AS PER H & S PATTERN



HOW H & S WORKS BY EDWARDS MAGEE BASSETTI 9TH EDITION OF T.A OF STOCK TRENDS

A. A strong rally, climaxing a more or less extensive advance, on which
trading volume becomes very heavy, followed by a Minor Recession
on which volume runs considerably less than it did during the days
of rise and at the Top. This is the “left shoulder.”
B. Another high-volume advance which reaches a higher level than the
top of the left shoulder, and then another reaction on less volume
which takes prices down to somewhere near the bottom level of the
preceding recession, somewhat lower perhaps or somewhat higher,
but, in any case, below the top of the left shoulder. This is the “Head.”
C. A third rally, but this time on decidedly less volume than accompanied
the formation of either the left shoulder or the head, which fails
to reach the height of the head before another decline sets in. This is
the “right shoulder.”
D. Finally, decline of prices in this third recession down through a line
(the “neckline”) drawn across the Bottoms of the reactions between
the left shoulder and head, and the head and right shoulder, respectively,
and a close below that line by an amount approximately equivalent
to 3% of the stock’s market price. This is the “confirmation” or
“breakout.”


BEST VIEW IN https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIDA1P9DvW1VZNO8HXZNPwPsTMcw9Jzi7vANgZq_9xsZB3GjMtnJGLwDqAnDB2QjXVjvYIxGqediLf0tZMoa3t_pX5ioc7Sb-ssCQqJuiqw0QBicLh188xPboi3N3xF7nniL3YNVioWmI/s1600/H+%2526+S.jpg

just an idea of irregular flat (not look like 3-3-5)?????

wave2 of wave c ended in diagonal.than wave 1 of 5 sub count seen perfectly in the sub 5 count wave 1 is larger than wave 3 and wave 5.as per rules and guidelines wave 3 never be shortest.and in wave 5 sub count wave 5 truncate.that is wave 1 of([1][2][3][4][5]).than wave [A] is diagonal.wave [B] looks very clear.wave [C] should be more than wave [a] if irregular flat is there than nifty will come around and above 4840.

nifty h & s pattern

in below nifty daily chart h & s pattern tells more decline.head and the declining neckline length/height 5400-4700(neckline)=700.means below 4639-700 pts = 3939.and in this h & s pattern elliott wave count says wave 3 is more powerful (free fall).so nifty can come around 3939.

nifty elliott wave count 13/12/2011

in below chart possible of alteration
chart 1 wave 5 can be extension with invalidation at 4848.
chart 2 wave 3 can also extent and more fall can possible.
but chart 2 is less likly possible.

chart 1



chart 2

nifty elliott wave prediction.

IN MY NOVEMBER 22ND COUNT TELLS U WAVE 4 & 5 TO GO.AND 2ND DECEMBER I GAVE U ALTERNATIVE COUNT WITH HEADLINE HIGHLY RISKY TRADE.CURRENTLY I'M COUNTING WAVE IN ABC-X-ABC FOR WAVE2.SOON WAVE 2 OF WAVE C CAN END AROUND 5110 AND WAVE 1 FIBO RETRACE FROM 5400-4639 OF 61.8% IS ALSO AROUND 5110.SO 5110 CAN BE TURNING POINT.AND THAN FREE FALL CAN TAKE DIRECTLY BELOW 4639 WHICH IS WAVE 3 OF TOTAL COUNT THAN WAVE 4 WHICH WILL REMAINS COMPLEX BE'Z WAVE 2 IS SHARP. LET'S SEE WHERE THE NIFTY CAN COME IN THIS JUNCTURE.

is the wave5 to fall or truncate or it's a (a-b-c)?????

nifty quarterly chart -ve divergence in macd and rsi

nifty elliott wave count 60mins

wave 3 finally over.in my last post i'll shown wave [v-v] is still to go.now wave 4 which remains sideways than wave 5 will fall.

nifty elliott wave count

in below post wave 3 which is extended in V . wave2 is running flat.still wave 3 is not closed still wave v of extension is [v-i],[v-ii],[v-iii] and [v-iv],[v-v]which is still not completed.wait for wave 3 to close.(trendline shows clear trend).click on chart for enlarge.