Long Term Market Outlook
as per my developed modal daily and monthly chart confirming breakout while weekly chart has not given breakout.
when i club the Elliott Wave counts with this modal,i need more confirmation.
In terms of Elliott Waves prospective market need to cross all time high ,by crossing all time high means larger degree wave 2 end with contracting triangle.
i will update all the charts Daily-Weekly-Monthly for your reference.
so lets wait and watch market crosses all time high or not till then just watch it.
if market not able to cross all time high then bowties diametric is still valid and sensex will fall to 15000.
i always write We all must move along the simple idea that all forecasts are an imagination of the future disciplined by observations of the past and as new evidences presents itself on the table be humble to adjust our anticipations accordingly.
if market crosses all time high then i expect USD INR 5th wave will be terminal and we may have long bull market for INR towards 53-48 levels.
I don’t know whether you and I should expect such low levels but the Elliott Wave Principle suggests it and till the market proves it wrong it might be better to be prepared for the above scenario till a better one is clearly emerging.
This is only for education and information Purpose; please consult your financial adviser before trading or investing in stock market.
Thanks And Regards
Nishesh Jani.
Professional Trader & Investor.
www.zerodelta.in
as per my developed modal daily and monthly chart confirming breakout while weekly chart has not given breakout.
when i club the Elliott Wave counts with this modal,i need more confirmation.
In terms of Elliott Waves prospective market need to cross all time high ,by crossing all time high means larger degree wave 2 end with contracting triangle.
i will update all the charts Daily-Weekly-Monthly for your reference.
so lets wait and watch market crosses all time high or not till then just watch it.
if market not able to cross all time high then bowties diametric is still valid and sensex will fall to 15000.
i always write We all must move along the simple idea that all forecasts are an imagination of the future disciplined by observations of the past and as new evidences presents itself on the table be humble to adjust our anticipations accordingly.
if market crosses all time high then i expect USD INR 5th wave will be terminal and we may have long bull market for INR towards 53-48 levels.
I don’t know whether you and I should expect such low levels but the Elliott Wave Principle suggests it and till the market proves it wrong it might be better to be prepared for the above scenario till a better one is clearly emerging.
This is only for education and information Purpose; please consult your financial adviser before trading or investing in stock market.
Thanks And Regards
Nishesh Jani.
Professional Trader & Investor.
www.zerodelta.in
