Waves Of Wealth

22870,22930 is critical zone ! Will watch closely how it reacts to these levels

Wave C didn’t confirm by breaking wave A low - so wave B is still in progress

Today’s closing will be interesting If it’s a trap- it will fall like anything

Hero zero Buy Sensex 72500pe tomorrow expiry CMP 150 Buy from 90-100 range and hold for 250,333,470++

Wave B done ✔️

Expecting an ending diagonal in this fall

Fresh shorts only below day loloww pe fir

C truncated and fall started !! This should take us to 22100 minimum

Nifty hourly counts

If everything goes well , next week nifty will be below 22000

How’s the josh ? 😉

Follow up chart

Positional shorts

Initiated some short positions

Will plan shorts again based on price action

Covered all longs

22980 Almost 23000

Triangle probability is eliminated. We’ll stick to primary counts of wave 4 bounce upto 22800-23000 levels

Bearish alternative . Considering wave 4 of 3 is triangle . Wave 5 of 3 is yet to unfold in this case. Today’s high and low are pivots . Whatever breaks - trend will be continued in that direction for 100-200 more points

Bharatforg : Weekly counts Script is due for wave 5 bounce before it gets sold off