More from Mayank Narula
So now that Nifty has undergone ABC correction in the expected manner, what to expect next?
I think we have started larger degree wave 3, once 16800 was crossed.
16800 is the reference level now. We will get more sense by end of next week/ month. https://t.co/KsziuUpZxU
I am no expert in Wave Theory, but can this be a possible path over next few weeks/months?
— Mayank Narula (@Mayank_Narula1) December 6, 2021
Views requested. @idineshptl @indiacharts @nishkumar1977 pic.twitter.com/u3DjEeqoqB
#NIFTY
If 17445 is taken out, then may be we are heading to fresh new all time on Nifty.
Things may pan out way faster than expected.
#NIFTY
Zoomed in cross-section of the chart above.
Wave 3 of 1 should have started today, which can take Nifty to fresh all time highs.
#NIFTY
So now Nifty is moving more clearly on the expected path, what's next?
Nifty has started longer term wave 3 advancement, pending final confirmation of HH by crossing 17800.
In Wave 1 of 3, can expect a move to 20k+.
In terms of longer term wave structure:
Wave 1: 7500 to 18600
Wave 3: 15700 to 35000+
And this can pan out over next 2 years or so.
Since wave 2 was a shallow correction, wave 4 can potentially be a deeper correction.
More from Deepaknitrate
Understand the concept - whenever you see price squeeze with volume contraction of this level, you will not get another chance to buy the stock at pullback. The character of a strong BO is that retailers won't be able to buy it. https://t.co/2Qq4pilmd8
Deepak nitrite
— The_Chartist \U0001f4c8 (@nison_steve) July 30, 2021
Explained you same concept with Elxsi. The real test of a strong Breakout is that the big hand will not give you another chance to buy the share at the breakout level. They will absorb all the selling of weak hands. I mean "STRONG breakout". https://t.co/7fxFqGQl3p pic.twitter.com/hwYIoRxazl
Explained you same concept with Elxsi. The real test of a strong Breakout is that the big hand will not give you another chance to buy the share at the breakout level. They will absorb all the selling of weak hands. I mean "STRONG breakout". https://t.co/7fxFqGQl3p
Tata Elxsi ---
— Steve Nison (@nison_steve) June 30, 2021
In the last 10 minutes, all the selling was absorbed despite intraday positions being squared off (if not converted). will wait for the EOD data. However, the chart structure is extremely strong. https://t.co/pci7GCDBEO pic.twitter.com/1NBD9V3mKc
#LIVE | Chat with a rare chemical wealth creator! Watch Deepak C. Mehta of #DeepakNitrite in conversation with @ajaya_buddy #TheMarket @deepakgroupco https://t.co/AXSZBkWpU8
— ET NOW (@ETNOWlive) August 3, 2021
The poll saw highest interest in Agro-chemicals.
— Multipie (@MultipieSocial) June 25, 2021
So today we visualize the 10 year change in market cap of key agrochem and fertilizer companies. #MultipieVisuals
Which one do you like? pic.twitter.com/sNMzmEXCJz
#deepaknitrite
MOSL initiates on Deepak Nitrite pic.twitter.com/vkfW47qraT
— Darshan Mehta (@darshanvmehta1) June 30, 2021
#deepaknitrite
Deepak Nitrite was ignored at 250, 400, 600, 800, 1200, 1600 and now at 1800.
— LearnLifeWealthTravel | Dream Big, Think Growth !! (@AnyBodyCanFly) June 30, 2021
Review why you ignored this and other such names in past.... If you understand this well, you may correct your ignorance atleast as of today.#investing #BePositive
#DeepakNitrite
#DeepakNitrite valuation is most attractive in the space...
— jeevan patwa (@jeevanpatwa) June 30, 2021
growth will be most explosive in the space... pic.twitter.com/8VYdWwFApY
#deepaknitrite
#deepaknitrite stands out well against all this chem pack in valuations \U0001f447
— Sakir saiyed (@sakir_saiyed_) June 30, 2021
ROE : 39
ROCE : 40
P/S : 5.5
Quality management 5/5 \U0001f44f\U0001f44f pic.twitter.com/ubSvUri4KL