nifty wave analysis

nifty started up wave "d" from 15671 and till now made high 16442

currently it is making higher high and higher low swings...
with narrow consolidation between 17050-----17450
being 17010 is 50% fib ratio giving support and 17326 is the 61.8% fib ratio

Till index making higher swings of HH -- HL.... upside targets of 16600 remain open for nifty

calculation : last "X" wave range was 16410 to 18350

wace "X" : 18350-16410 = 1940 points

so now wave "d" target (which is similar to "x" behaviour) started from 15671 comes near 17611
"d" wave tgt 15671 + 1940 =17611

for this target it is important for nifty to sustain above golden ratio 17326... still no single candle close above this ..

views are educational... Do your research and exchange the ideas...

Thank you

Commentaire:

***** nifty started up wave "d" from 15671 and till now made high 17442

currently it is making higher high and higher low swings...
with narrow consolidation between 17050-----17450
being 17010 is 50% fib ratio giving support and 17326 is the 61.8% fib ratio

Till index making higher swings of HH -- HL.... upside targets of 17600 remain open for nifty

calculation : last "X" wave range was 16410 to 18350

wace "X" : 18350-16410 = 1940 points

so now wave "d" target (which is similar to "x" behaviour) started from 15671 comes near 17611
"d" wave tgt 15671 + 1940 =17611

for this target it is important for nifty to sustain above golden ratio 17326... still no single candle close above this ..

views are educational... Do your research and exchange the ideas...

Thank you