Ramki’s Elliott Wave analysis of Infosys Technologies Limited (INFY) appears on Seeking Alpha today
- Elliott Waves
- Elliott Waves Explained
- Elliott Wave Magic Illustrated with Wave Charts
- Elliott Wave Edge – How Elliott Wave Traders Win
- Fibonacci Number Series and Elliott Waves
- How to use Fibonacci Ratio Retracements
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Give Indian IT Stocks More Room On The Downside
By Ramki6 Comments1 Min Read
Previous ArticleSoybean outlook using Elliott Waves
I like your style and I believe you give the right perception of EW by not being too dogmatic. What is your belief as to why EW and fibo relationships work?
Hi Matthew, The Wave Prinviple and the Fibonacci Series represent the rhythm of man’s response to outside influences. The important point to note is people try to relate stock market behavior to current events, not realizing that these current events have nothing whatsoever to do with future market performances.Stock market movement is due to psychological factors, and the EWP and Fib series capture them well.
Dear Ramky Sir, Ihe Nifty is not showing any clear trend for last 1 month. Is it trading in
the form of corrective triangle? or is it correcting in a-b-c x- a-b-c form? If so then where should we expect the final leg down? Pl give your valuable guidance on the above and also about the short term perspective on the Nifty.
Thanks in advance
Dr Sanjay Pote.
HI Dr Sanjay, As you correctly pointed out, there is no clear signal just now. Minor support at 5150. Lets wait and decide what to do after the market starts moving
sir please please….. know me about TATAMOTORS wave count(daily and weekly chart) i want to learn were i am wrong in w.c ( i know you have very busy schedule
take your time and give updates when you get time)
Hemin, if you start counting from 137.55, then we are currently in an extending third wave that still has room to go up.