Sorry friends,
I had to leave the screen for some urgent work,though before leaving I had explicitly stated that below 5280 it was bearish and below 5220 was very bearish.
Now of the two Probabilities mentioned in the morning, the bearish side has been confirmed and levels below 5136 would be only a matter of time.
A=4531-5629=1098
B=5629----in play as WXY
W=5629-5136
X=5136-5378( with truncated C which ended at 5342)
Y started at 5342 and shall go below 5136----
As mentioned yesterday also, and shown in the chart above, X had a truncated C resulting in a fast fall once day's opening range was broken on the downside
Now Y downwards has got started and currently Y.a is in play which looks like playing out a 5 wave Impulse:
So tomorrow possibilty of opening with a gap-down at 5150 is very much alive.
Raghu
I had to leave the screen for some urgent work,though before leaving I had explicitly stated that below 5280 it was bearish and below 5220 was very bearish.
Now of the two Probabilities mentioned in the morning, the bearish side has been confirmed and levels below 5136 would be only a matter of time.
A=4531-5629=1098
B=5629----in play as WXY
W=5629-5136
X=5136-5378( with truncated C which ended at 5342)
Y started at 5342 and shall go below 5136----
As mentioned yesterday also, and shown in the chart above, X had a truncated C resulting in a fast fall once day's opening range was broken on the downside
Now Y downwards has got started and currently Y.a is in play which looks like playing out a 5 wave Impulse:
So tomorrow possibilty of opening with a gap-down at 5150 is very much alive.
Raghu
Yes Raghuji, looks like most certain of 5150...
ReplyDeletethx for guiding us...