TradingView
dhinesh_kumar
Feb 20, 2021 4:02 AM

Elliott wave analysis # moving upside for 15430 level Long

Nifty 50 IndexNSE

Description

It's a big correction from 2nd feb and still going on as big irregular.

Comment

Banknifty: Same view

Comment

Do like comment suggestion

Comment

Nifty updated wave count

Comments
ajitr99
So it's going down now against your analysis,what is happening?
dhinesh_kumar
@ajitr99, my inner count from feb 1st is wrong. Analysing it. Feb 1st move may be ended on 5th and from there correction is going on
PIYUSH391
yes, we are in a bubble according to data of previous major rallies market fell down. last time it was 71% This time it is 88% now its time for correction
dhinesh_kumar
@PIYUSH391, Rally from Feb 1 is not yet over, so there may not be any major correction for now
porwalnitin
U r analysis is good... but difficult to understand and comprehend ... :) Basically, bolna kya chahte ho?
dhinesh_kumar
@porwalnitin, hmm, is it not clear explanation related to Elliott wave counts ?
ckirtane
NICE reading. when will be next break out above 15450?
dhinesh_kumar
@ckirtane, It may take a week or two to complete the upmove, but won't go much and would be false break-out and then may fall for 600-800 pts. The real break-out will happen after this fall.
ckirtane
dhinesh_kumar
@ckirtane, Next fall should be bigger than current one
More