Amique_UK

Amique_UK Updated 

NSE:EICHERMOT - Eicher Motors chart is forming a Leading Diagonal Elliot wave structure. A Leading Diagonal is a transitional structure (correction to impulse) forming as part of the first wave of a larger impulse degree. - The first wave leading diagonals form as a 5-3-5-3-5 overlapping structure as shown on the chart. - There is no doubt this counter is bullish...

Amique_UK

NSE:BANKNIFTY Bank Nifty Corrective Elliott wave count Sharing my Elliot wave analysis on Bank Nifty from the start of March 2020 (corona crash). And it seems the bull party is over! We may stay in bear mode for sometime now. Let me know your views in the comment section regarding the wave count or otherwise. Lets try to mutually improve. If you like the...

Amique_UK Updated 

NSE:NIFTY . - Nifty topped out its 5 wave impulse at 18600. - From there on it started a WXY combination correction, with W leg completed today (pending confirmation). W leg was a 5-3-5 ABC zig-zag structure as labelled on the chart. W leg may have been completed today as it has hit the lower line of corrective channel. - Ideal target for W lies near 17720 as...

Amique_UK Updated 

NSE:NIFTY - Nifty index looks almost at the verge of extended 5th wave and showing sign of rejection at higher levels. Nifty is following a parallel channel and has broken short term bullish dynamic support. - Based on the Elliott ABC correction waves, NIFTY can correct to highlighted levels in the medium term.