Dear All###
NIfty 50 is now reach at where Gann cluster support 7640-7612
and Gann cluster Resistance at 7730-7775.
Be cautious in your approach.As we people unable to find
proper elliott wave fractals,this falls from 7992 may be mark up for
downtrend as 5th wave(7822-7992) of wave 5 may be truncated or
alternative counts are bullish wave 2 of wave 1(7517-7992), for that
counts to be valid nifty 50 should take support from 76%-88% i.e (7629-7570)
Elliott wave practitioner or analyst are used to the term "may Be" or "Alternative
wave counts" etc.My question is if stock market is a complex chapter for almost
95% of trader or investor.Why we complex or confused more by adding the
term may be ,alternative counts etc.I am also addicted to it some extent.
Market movement is based upon Simple Harmonic Motion.That"s why
my preference is Gann Angle over Elliott wave.
NIfty>>
BankNIfty>>
Note-Educational Purpose only
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