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.