Monday 12 May 2014

NeoWave Analysis of Nifty cash  Weekly wave chart   Date : 12th May, 2014



Conclusion: 

1. The wave (g) of anticipated Diametric may be very near to its end and the completion of wave (g) 
will also complete wave (E). 

2. The wave (g) seems to be unfolding as “Triple Combination” pattern consisting of Zigzag, 
Diametric and Irregular Flat, each pattern separated by X wave. This Irregular Flat pattern is 
expected to get completed in the area of 6900-6910 and in no case should move above 6935. 

3. The completion of wave (g) may open index for down move which may fall till minimum of 6420 
before end of May 2014. 

4. In case, if 6935 is breached then “Triple Combination” pattern is not unfolding and in this case a 
relook at charts will be required with high probability of change in present counts inside wave 
(g). 

5. The important levels to watch for next week are resistances at 6900-6910 area & 6935, and 
support at 6635. The breach of 6635 on or before 16th May 2014 will confirm the completion of 
pattern. 

6. If the index moves above 6935 then it is having the capacity to move up till 7180 before end of 
May 2014. 

Nitin Sir.

WHAT EVER YOU EARN FROM MY CALLS PLEASE GIVE 10% PROFIT'S FOOD TO COWS AND DOGS HELP THM GOD WILL HELP YOU-!!!

7 comments:

  1. Hello Sir,
    Where can i find wave charts for nifty & other nse bse stocks

    ReplyDelete
  2. Hello Sir,
    Where can i find wave charts for nifty & other nse bse stocks

    ReplyDelete
  3. google is the best place to search anything sir

    ReplyDelete
  4. i tried it......but cudnt find anything related to wave charts...may i know how u got this or where can we get it (source) .....

    ReplyDelete
  5. sir any chart paid you can take but before that you have to read wave chart method in details then only it will work

    ReplyDelete
  6. Thank You...
    But what u mean by read wave chart method in detail? U mean one must go thru glen neely mastering elliot wave book?......or there are different kinds of wave chart?......Can u pass on any sites where i can view this wave charts for indian stocks n indices for free.....Which charting software gives wave charts?hwo they charge?
    deepatlolla@yahoo.co.in
    i tried searching in google,but details of wave charts doesnt come up.....unable to find any source...

    ReplyDelete