Monday, August 24, 2015

Worst is Yet to Come or Over ??? 7770 & 7724 to Decide !!!

Dear All,

>>> Nifty Daily Chart <<<

>>> Click the chart to see on full screen <<<

If the above Head and Shoulder is not wrong - Expect more fall and worst to come. Pattern wise if this goes wrong - Alternative given on Hourly chart may come into effect.

>>> Nifty Hourly Chart <<<

>>> Click the chart to see on full screen <<<

As per EW count - Possibly we may on Wave (c) ( to complete (B) ) - which has retraced or fell down 261.8% of Wave (a). Hence the channel Support shown on chart @ 7770 or 7724 must hold for a recovery. Else Fall may continue - AS shown on Daily Chart. Lets wait and See. Very Interesting day tomorrow. Lets Wait for it. Cheers!!!