Nifty Weekly Update

Published: Mon, 09/03/18

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03 SEPTEMBER 2018

The weekly Elliott Wave commentary with Targets and levels is published every Sunday to Subscribers, This is only an excerpt of our observations from recent publications.

MEDIUM TERM

NIFTY ELLIOTT WAVE UPDATE

When a momentum indicator whipsaws back and forth from buy to sell to buy [blue circle] what you have to do is change over to the next tool. Maybe a trailing moving average or previous swing low in a rising trend. The break of a moving average on closing basis or a trendline on closing basis or a move below the previous swing low can be additional indications to seek to confirm that the trend has changed. Using a combination of 2 or more tools gives better results.. READ MORE

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Rohit Srivastava
www.indiacharts.com
For accurate market forecasting. Market forecasting is a study of past data to assess
future probable outcomes. It is our endeavor to discuss high probability outcomes for
traders and investors. However this is not a solicitation to buy or sell stocks futures or
options or any security. Trading in any financial market should be done with sound
knowledge and the help of a qualified investment adviser. Stocks based on the Elliott
wave model are based on the Fibonacci fractal of the market and momentum indicators,
targets are based on Fibonacci maths and are only indicative of what the mathematical
model throws up. This is not a recommendation to buy/sell.
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