Wednesday, February 27, 2013

Nifty Looonger term View


However Nifty continues its move in a range. Taking the larger picture of the Nifty giving two different formations which confirms that there is a BIG rally ahead of us.

Wolfe Wave:

Nifty Wolfe wave is awaiting for the 5th wave to break above the trend lines.

Cup and Handle:

Nifty  looks like forming a Cup and Handle formation for almost 5 years. Is it really trying to form Cup and Handle and after which it is ready for a break out ? Lets wait and see what is in store for us in coming years.

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