5-DMA/DMA break by NF yesterday, looking for a correction.

Yesterday NF closed below 5-DMA,8-DMA..and 5-EMA..
Probably "C" is unfolding with 5 waves, where 1st is complete and 2nd is going or complete(if not
complete then will retrace upto any of one green lines.).if 2nd complete then 3rd is unfolding or will unfold approx upto any one pink lines...Hopeful.

NF break down Chanel yesterday, which was intact day before yesterday in Daily chart.

All are NF chart's and educational purpose only..

Large 4th wave probably

It looks like a large 4th wave, where "c" unfolding and "d","e" yet to unfold.

H-N-S or Break out again.

Is it a H-N-S pattern.

If NF will start falling then it is a HNS pattern,,and last bar of this 15-m chart is just standing up on 5-EMA and 7-EMA..
Any one medium size negative(down) bar can break these two EMA line, and can fall start and will confirm H-N-S..


On the other hand, its a break out again(????)..
NF will try to go up above 6100 and can touch 6155 today..
In OI, 6100 put writing seen from last three days..

Today's OI will confirm the last trend-line of this month.

In the making of 3rd-4th-5th sub-waves more and more???.

Again break out after completion of any sub 4th wave,, just as it did before.

Daily NF chart trending line intact and bounce back from its trend line Chanel today.


If it is not a false break out,, then can expect 6155 tomorrow..

If it is a false break out , then nifty will break the upper Chanel of the 2nd flag.

A-B-C correction

If it is a A-B-C correction after 1-5 waves,, then 3rd of A is unfoldig,,

or

1st of C wave unfolding..

Up or Down????

1 to 5 waves complete, where 1st wave length and 5th wave length is almost equal..
But nifty can move further up..
If nifty can mange to close above 6100 today, then 6300+ can see this month..
Or if nifty will close below 6000 or 5970, then more deep correction will ahead.

So as of now we are in a 50--50 kind of situation..Movement will decide in 2nd chart..

Nifty needs to stay above these two green line for two hours for further up move..
Other wise down side black bar will give support..Any break below black line(closing basis) will creat more deep correction.

Two chart

Pink line is 7-EMA

Blue line is 5-EMA.

Both break closing basis in 15-m chart bar..

OI also showing weakness ..

Today and This Week

Is the market trending up monthly basis?????

Is the market trending up again-monthly basis???

If yes, then up to where it will go.. Is any EW labeling coming in your mind???..just think about it.

If it is true, then the main 3rd wave in hourly-15m-day charts will be unfolding for long-long time(any digestive problem??--me too)..
Only time will tell us..and sir can tell us..

ALL charts are NF chart and educational purpose only........

Freshly labeled-- Another big move.

Another journey started for up-side..
Hope this will not end so easily, just because, after long consolidation (in 15-m, hourly charts), it again gained enough strength to move long up.

Can we expect 6300-6400?????

Time will tell us..

Will upload one more chart , Monthly , tomorrow..

Thank you ilango sir for giving clear vision..






All charts are NF chart and only for educational purpose..

Probably "B" wave unfolding still.

<---- 15-m chart.





Have to freshly re-label it..

looks like "b"(or may be sub "b") wave unfolding still.

"c" wave yet to start..

Hourly and 15-M charts

In this hrly chart, can see A-B-C correction starts, where "A" unfolded, "B" also unfolded, now "C" starts.

In this "C", 1st wave unfolded, 2nd wave unfolded or in process.

Now the point is length of the 1st wave in "C"wave was approx 50 points,, then what will be the length of the 3rd wave(down side)..

If it will be double, then 100 points(not digestive--lets see)..

A short term head capped at 6045(all NF) , before that a 4th wave was unfolded, clearly visible in 5-m,15-m, hourly charts.

if any one wants to see,, i can post ..
please comments..



All charts are NF charts and for educational purpose only..

3rd wave(sub-wave) and 5th wave(sub-wave) closed in very narrow rang( i hope so)..

Last time was also same thing happened when we correct from 5554(approx) to 5350(approx)..

I will upload more charts today..

All charts for educational purpose only.

"c" wave(sub-wave) forming

Now looks like "c" wave(sub wave) in process.
Lets see how it pans out.

All for educational purpose only.

NF chart.

"b" wave(sub wave)

"b" wave (sub wave) forming..
All are NF charts.
All charts are for educational purpose only.

Today- N - Tomorrow

Expecting top made for short term,,very short term.. Lets see tomorrow