old nifty weekly analysis
old nifty daily analysis
nifty daily analysis
nifty fut. 1hr. chart
old nifty analysis
as i told before nifty may go upward from 5200 level which is indicating in old nifty analysis chart but at this moment price line is trading above 61.8 % levels indicating invalid for 5 wave pattern as i have mentioned in old nifty analysis chart.so probably alt. 4th wave may be creat traingle pattern , when the price line will touch 5320 then i will be sure that it is traingle pattern .
nifty daily chart suggests upward price line from 4670 is for 5th wave & in longterm 5th wave we can see sub 5 wave pattern is there.
before i have allready sent the long term daily chart analysis which is in 5 wave pattern , according to this nifty is not trading & giving is very confuse callculation on EW method. the recent analysis on daily chart is very comfortable on fibonacci method ( u can see in chart also ). these fibonacci series r indicating 5th wave near 5500-5560 levels .
if i put NIFTY chart with USDINR -----
nifty---MACD,RSI are in neagative divergence --bearish in ahead
USDINR ----MACD,RSI are in positive divergence--bullish in ahead.
