Chart Analysis - Nifty and RCOM

Nifty - 15 mins - IHNS:
Nifty may form Inverted HNS pattern which will triggered if prices closed above 7320 in 15 mins candle.
Buy above 7320, T1 7377, T2 7433, Keeping SL at 7291 (or last swing low)

Nifty - 15 mins - EW Counts:
Nifty moved up from 7207 till 7320 in clear 5 waves. Its 50%, 61.8% and 80% retrace values are 7263, 7250 and 7229 respt.
After making high at 7319.45, nifty reversed and made low at 7259.80 in clear abc waves with a hammer in 15 mins. Its 50%, 61.8% and 80% retrace values are 7289.60, 7297 and 7307.50 respt.
1st point to identify the weeknes is prices getting resisted at 7289.60-7297. strength only above 7307.50 and will get confirmed above 7320.

RCOM:15 Mins - +WW Pattern

Buy above 137.85, T1 139.10 (done), T2 141.20, SL at 1-3-5 line (near 131.50-137.20)

RCOM- 15 mins - IHNS

RCOM may form Inverted HNS pattern which will triggered if prices closed above 142.45 in 15 mins candle.

Buy above 142.45, T1 147.80, T2 171.25, Keeping SL at 139.80 (or last swing low)

RCOM - 15 Mins - EW Counts:

Rise from 113.65 till 142.45 can be seen as in 3 clear waves. Now, 2 options are open:

1st 4th wave completed at 136 or still unfolding.

4th still running as complex correction in abc form. Below counts can be possible:

a 142.45 136 6.45 (in 3 waves)

(a) 136 141.65 6.45 (in 5 waves)

(b) 141.65 137.35 4.30 (in 3 waves)

b 137.35 xxxx (should be in 5 waves - can retrace till any %ge or beyond the start of a wave)

If we consider a=c, then b (xxxx) might end near 143.80 and then fall down to complete c in 5 waves. 

Another scenario is, 4th completed at 136 and 5th is running. This view will get negated if prices goes below 136.

RCOM - Daily EW Counts