tag:blogger.com,1999:blog-1657016149747589.post3233749223509625900..comments2023-11-05T14:27:25.492+05:30Comments on Elliott Wave India - Taking technical analysis to next level: USDINR can start multi-month up move...Nifty should move down!--- Ashish Kyal, CMThttp://www.blogger.com/profile/01704534951899649179noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1657016149747589.post-5468598125272786982011-10-27T18:43:24.695+05:302011-10-27T18:43:24.695+05:30I think you are posting it at exactly wrong time. ...I think you are posting it at exactly wrong time. I think you do not follow USDINR. It is now at 50. Check the charts and one tool that supported this view was Elliott. I agree there are times when we have equally probable scenarios but this does not mean it is never conclusive. We should appreciate each theory for its powers and should be aware when it is not useful. Making a claim that it is almost never conclusive is a harsh statement. I agree in case of Nifty it has been off track because corrections can continue to be complex but it says complex corrections are difficult to forecast...--- Ashish Kyal, CMThttps://www.blogger.com/profile/01704534951899649179noreply@blogger.comtag:blogger.com,1999:blog-1657016149747589.post-16286088202207957942011-10-27T18:02:12.536+05:302011-10-27T18:02:12.536+05:30Nice...Elliot wave is still a rather unexplored te...Nice...Elliot wave is still a rather unexplored technical indicator. Probably the reason why it's not used much lies in the fact that it's almost never conclusive. I would personally use EW only as a way of confirming my findings using other tools.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1657016149747589.post-522433536167118142011-05-19T22:09:58.684+05:302011-05-19T22:09:58.684+05:3019 may ewc: http://postimage.org/image/1az754jo/
...19 may ewc: http://postimage.org/image/1az754jo/<br /><br />Just want to share my view @ NIFTY...<br />Everyone is still bearish say PCR points further downside. My view was down but it after chking todays session, bought nifty with stoploss of 5400.<br /><br />If one believes in EW then wave 1 = wave 5 if w3 is extension. But i think, if w2=w1 then w5 is near equal w3 which is not the case here. <br /><br />Rest, if nifty is in wave 5 of a after X wave (double zigzag) then bounce back must come soon upto 5600-5650 (a) & then down to 5400 as b wave & then c to 5800. Afterthat big downfall to 4700.ramanhttps://www.blogger.com/profile/06933799406469176936noreply@blogger.com