Hanumanji

Hanumanji
Jai Hanuman Gyan Gun Sagar Jai Kapeesh Tihu Lok Ujaagar Ram Doot Atulita Baladhaama Anjani Putra Pavanasuta Naama

Wednesday, March 21, 2012

Trading Nifty on 21.3.2012

A very interesting question has cropped up
When A of Corrective ABC is an Impulse, it signals ABC(as a whole) playing out a zig-zag wherein B would not retrace more than 80% of A ;
When A is a 3 wave form, B retraces 90-138% of A  and the Corrective ABC(as a whole) plays out a Flat.

But what happens when A is a Diagonal?
It seems,in such a case both the possibilities are open--i.e. ABC(as a whole) may play out either as a zig-zag or a Flat.
So far,I had observed only zig-zags (ABC) with A as a diagonal.
But yesterday, the diagonal a(5239-5297) was retraced more than 100% by b (and still continuing)--- with b(a) doing 5297-5233;b(b)=5233-5295;b(c) in action and likely to go below 5233.
Then c upwards would start---and most likely go above 5297 but not above 5323.



4 comments:

  1. Raghuji

    hope you r enjoying your tour. Raghuji, I hv a query in the above pic why did you consider the wave as b(a) and not b as extended flat. and then b(c) to the up instead of c.
    regards
    sandeep

    ReplyDelete
  2. Enjoy your holiday Raghuji. Thx for still taking time out and posting.

    ReplyDelete
  3. Dear Raghuji,

    Hope you are havcing a wonderful time.

    Wishing you, Bhabhiji and children a very happy Gudhi Padwa and all the very best.

    Kind Regards.

    Sai Prashant Hariharan

    ReplyDelete

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