Update as of 12-feb closing:
Quite some time I've posted here. Partially because the counts were simply too many to be counted and rest is because i was quite busy in a family thingie. Anyways.
Following are the most preferred counts. Points to be noted:
1. Most probably our ending diagonal count was completely wrong. (105xx-10987 move confirms this point)
2. No, this is not even a leading diagonal (which I though it was for the past 4-5 days; this got invalidated only 2 days back)
3. The latest stop-loss hit has proved to be too good! I could short higher (read disclaimer first!!!)(11111 feb future) and the position is still running with TSL at 10920
4. WIth this count in mind, we may be very close to an upthrust (read disclaimer first!!!) which is very rare! Let's see...
Disclaimer: I am not a certified financial analyst. I have started this thread to track the Elliott Wave Analysis of NIFTY for MYSELF. By no means the content in my posts should be taken as any sort of advise to buy or sell anything; anyone doing so is doing at his/her own risk. I AM NOT RESPONSIBLE FOR LOSS IN ANY FORM (INCLUDING BUT NOT LIMITED TO, FINANCIAL) INCURRED BY ANYONE.
Quite some time I've posted here. Partially because the counts were simply too many to be counted and rest is because i was quite busy in a family thingie. Anyways.
Following are the most preferred counts. Points to be noted:
1. Most probably our ending diagonal count was completely wrong. (105xx-10987 move confirms this point)
2. No, this is not even a leading diagonal (which I though it was for the past 4-5 days; this got invalidated only 2 days back)
3. The latest stop-loss hit has proved to be too good! I could short higher (read disclaimer first!!!)(11111 feb future) and the position is still running with TSL at 10920
4. WIth this count in mind, we may be very close to an upthrust (read disclaimer first!!!) which is very rare! Let's see...
Disclaimer: I am not a certified financial analyst. I have started this thread to track the Elliott Wave Analysis of NIFTY for MYSELF. By no means the content in my posts should be taken as any sort of advise to buy or sell anything; anyone doing so is doing at his/her own risk. I AM NOT RESPONSIBLE FOR LOSS IN ANY FORM (INCLUDING BUT NOT LIMITED TO, FINANCIAL) INCURRED BY ANYONE.