Tuesday, April 13, 2010

nifty,reliance

reliance
as i sent before that 5th wave has been completed near 1140 levels. but the recent price pattern indicates for 3rd wave near 1140 levels which is like digonal pattern . so we may see that for the 4th wave near 1075-80 levels & then 5th wave may be near 1160 according to 2.61% of wave 1.
nifty
this pattern indicates 4th wave near 5180 which is on fibonacci basis. if u look on MACD indicator still the macd is not tading below the signal line whic is zero(0).