Further to my observations as per my blog
http://lalitlk-lalit-lk.blogspot.in/2015/10/nifty-bi-monthly-chart-1996-2015-update.html
here is the latest Chart from October 1997 :
I am sharing crucial Macd (5,34,5) data for certain days ; IMHO in these higher degree Elliot Wave , Nifty had done its peak at 9119.20 thereby gaining 8344 from 775 in December 1996, time-wise taking 19 years 4 months ; Fibonacci 38.2% retrace level is 5932.
Let us wait patiently for price actions to unfold in the present bears market.
No comments:
Post a Comment