Nifty ST EW counts update contd...

Nifty completed consolidation by hold 2 days back low (7733) and seems wave 3 will unfold in coming days to achieve higher target.

Counts are as follows:
1. 7551 - 7853
2. 7853 - 7733
3. 7733 - Unfolding...

SL should be wave 2 low (7733 - assuming low is done, else can retrace more) as per EOD counts. On lower TF if Wave 3.ii.c completed today then today's low (7777) would be an ideal SL.   

Nifty ST EW counts update

Nifty completed B/b wave @ 7551 and now B/c is unfolding as follows:

1.    7551 - 7853
2/a. 7853 - Unfolding. May find support @ 7738, 7702, 7666 

Lower TF suggesting 2/a is done and Nifty may hold @ 7738. 2/b and 2/c will unfold in a day or two, then bigger 3 wave will start unfolding for higher Target.

Probable Nifty LT EW counts

Nifty EOD chart wit probalbe EW counts. Donno bout the time.

Cup n Handle Pattern forming...?

It seems Cup n Handle Pattern forming on chart.

Lets see how it unfolds...