ElliottWaveAnalyst - NIFTY

[v_k_b]

3880 is a critical level now. The NIFTY seems to be tracing a classic Elliott Wave pattern of the Flat. We can only expect more downsides in the coming days, but the important thing is to know when to pull the plug on this view...

Vinod Krishna Bhat.
http://www.elliottwaveanalyst.com

 

[Czar]

Unfortunately Life,Markets and Wave Principle are not so easy.Breached important levels on both side.And made a new high in the three days and closed high.
That tells you something.

Anyways expecting new high by Wednesday.Lets see what happens.

so many waves , so many analysis , one of them is bound to come true, we need an analyst to analyze & interpret the various analysis

 

[CreditViolet]

so many waves , so many analysis , one of them is bound to come true, we need an analyst to analyze & interpret the various analysis

Actually that's the best thing about EW, the various scenario it generates. For most it wont make sense but for those who can trade its golden

Read Chapter 4 of Portfolio Management Formulas by Ralph Vince
Page 178 - Scenario Planning


CV

 

[Czar]

sometimes I feel ignorance is bliss, sometimes..

 

[CreditViolet]

sometimes I feel ignorance is bliss, sometimes..

Yes, so it would feel

CV

 

[Czar]

the feeling of bliss would be apt when waves get drowned by their own self

like if another big upmove comes many waves will be subdued into sub waves & the show must go on

 

[CreditViolet]

the feeling of bliss would be apt when waves get drowned by their own self

like if another big upmove comes many waves will be subdued into sub waves & the show must go on

The waves are as good as the surfer who can ride it


CV

 

[Czar]

but unnecessary to take a surf board to a lake is'nt it

 

[v_k_b]

It is all finally trading discipline. EWT works for me and have personally found it to be excellent with certain limitations. As long as you allow for deviations from ideal, you should not have too many problems...

Vinod Krishna Bhat.
http://www.elliottwaveanalyst.com

 

[toxicexpulsion]

Please update EW on nifty. Thanks...