[indianstockmarket] Nifty an EW perspective _my view

 

I suppose that we are in C of larger B,  and  C is forming up  as an Ending Diagonal  consisting all 3's. We are at the end of C4 now, may target somewhere 4950. C5 as it says, ED will end below the  converging  top Trend line may end up some where near 5460,befor the great fall. Hence B was trading nearly 22 days  C MUST COMPLETE BEFORE 27 MAY (219 trading days). Expiry could  be  near 5400 area. Take the all above as a learner's perspective only.   C2a was a sharp pattern. C3 doesn't look like a corrective But it says we must expect deviation from the basic text book models.         padiyara

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