7/27/2019 Apr 05,13
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Apr 05, 2013 http://horizoniaa.blogspot.in
A
B
a
b
c
C
D?
D
E
F
G/a?
b?
5300
5400
5500
5600
5700
5800
5900
6000
6100 CNX NIFTY WEEKLY WAVE CHART
HORIZON INVESTMENT AND ASSETSCNX NIFTY ANALYSIS BY IMRAN SHAIKH
Preferred structure: “Diamond shaped Diametric” Alternate possibility: “Expanding Triangle” Diamond shaped Diametric- 7 legged formation
‘A’= 6111.8-5883.65= 228.15 Points/3TUs
‘B’= 5883.65-5971= 117.10 Points/3TUs
‘C’= 5971-5663.60= 307.4 Points/4TUs
‘D’= 5663.6-5863.6 (concluding below 5971.20 top) = 307.6 Points/ 4TUs
‘E’= 5863.6-5604.85= 258.75 Points/3TUs
‘F’= 5604.85-5754.60= 149.75 Points/ 1TU
‘G’= 5754.6-5477.20= 277.4 Points/2TUs (Still not concluded). It have target range of 5526-5375. In worse condition may go lower
but have to not sustain there.
This pattern showing relation ship in adjacent segment by…
Time wise almost 100% except ‘F’ leg.
Complexity wise 1 level except ‘F’ leg.
Price wise we need ‘A’= ‘G’ 100-161.8% and now in this range.
‘B’ /‘F’ and ‘E’/ ‘C’ showing approximately close to 78.6% ratio.
78.6% ratio still we not used in NEo Wave but observing it at various pattern and want to give some focus on it.
Study shows that 7.86 is SQUARE ROOT OF 61.8 which we are commonly using. In general we are well familiar with no. 786
Well to conclude ‘G’ 5477.2 we need faster retracement of 5665 and 5755 within 1+1 TU i.e. next week. If happen will consider ‘G’ concluded at5477.2 and we are in counter directional one larger degree wave for higher levels of 5820-5868 or higher.
If failure to do faster retracement has to consider we are in still in ‘G’ leg and probably lower levels have to come.
Thanks…
Well Trade Friends…
For any query or suggestion feel free to call on 9823543339
Daily BIAS = Down, Weekly BIAS =
Down, Monthly BIAS = DOWN.
We witnessed last week at upside
achieved second higher level of 5607(high 5610.65) above 5555 and on
lower side achieved 1st
lower level of
5526 and successfully entered in
target area.
For this week watch initially level of
5559.
If we will able to cross and sustain
above 5559 can head to higher levels
of 5611<5665. Above 5665 bullishsentiment having chances to
accelerate for 5755.
Failure to cross or hold it can damage
price up to 5476>5537>5375 or lower
in panic condition.
Watch red colored trap area…
*This report prepared for educational purpose of our clients. Though extreme care has been taken during
preparation of this report we can't deny chances of error. The reader is solely responsible for all trading action
taken by him. Neither analyst nor Horizon Investment and Assets are responsible for any loss if occur.