Looking at the above figure, I labelled it:
SW1=5400-5202
SW2 in progress from 5202 up wards as a zig-zag wherein:
A=5202-5326=124( Impulse)
B=5326-5252=74
C in progress from 5252 upwards having done 5252-5302.5*
But on having a look inside this 5326-5252, I can safely say that SW2.B is still in play and has played only:
a=5326-5257
b:
5257-5304
5304-5252
5252-5302.5* in play and likely to go above 5304
c: downwards--yet to start
So tomorrow again we shall see the Nifty swinging in the same 5225-5350 range.Raghu
Dear raghu ji,
ReplyDeleteQ
But on having a look inside this 5326-5252, I can safely say that SW2.B is still in play and has played only:
a=5326-5257
b:
5257-5304
5304-5252
5252-5302.5* in play and likely to go above 5304
c: downwards--yet to start
unQ
Please explain how you concluded still b(5257-5304-5252-5302) is in play.... wave forms or as you previously said till 138% , 'b' can still be in play...
Thanks
Sekar