Elliott Wave Analysis of India’s Sensex BSE Index
30 August 2012
When we know that we are in the midst of a complex correction, we should expect the unexpected! India’s stock indices are a clear example. I have posted a few times about the NIFTY. Here is a look at the Sensex for a change. Elliott Wave and Fibonacci relationships abound. I have only shown you some of the main ones here in the BSE charts. Today’s post is to be used as a learning experience. One clue for you: I have shown the July low prominently in some of the charts. The reason is when we finish witha 5-wave pattern up, and then immediately get a new 5-wave pattern down, the implications are very suggestive. Enjoy. |
I teach exactly this kind of Indian markets setup, step by step, in Module 9, Module 10, Module 17 and Module 18 of my course, built around real Indian stock case studies.