Nifty Elliott wave analysis of 15min chart for 23Nov 2020

NSE:NIFTY   Nifty 50 Index
In this 15min chart wave (iii) started from 11756 not even retraced 23% yet so may be wave (iv) is running and wave (v) will start on upside after completion of wave (iv). 12678-12502 is immediate support range and nifty if trades below 12502 then only negative.


I love your analysis & fan of yours. you give precise points supported by charts.for last 2 months i saw accuracy in your writing. please also give long term out look of nifty & see if there is any possibility of nifty going to 15000 in 3/4 months.
+1 Reply
could it be a possibility that wave 3 ended on 11 Nov @ 12769 and wave 4 retracted till 12570 ish then wave 5 ended at 12965 level?
I guess I am just trying to understand why you think wave 5 is still pending?
chirag_Khasiya SaurabhMehra
@SaurabhMehra, If you consider wave 5 from 12570 then minimum projection which is 38% is not achieved at 12965. so i am not considering that wave 5 ended at 12965.
VishalSancheti SaurabhMehra
I think wave 3 will end beyond 13300 levels and then 23.6%-38.2% retracement as a wave iv to consume time before heading to new skies..
missed your analysis...keep posting ...