Get started
dhinesh_kumar

Elliott wave analysis # use dip to go LONG

Long
Nifty 50 Index (NSE:NIFTY)  
dhinesh_kumar Updated   
NSE:NIFTY   Nifty 50 Index
Elliott Wave Wave Analysis NIFTY niftytrend niftyanalysis niftybank niftyprediction
5
8
elliottwaves waveanalysis nifty niftytrend niftyanalysis niftybank niftyprediction
Nifty and BankNifty are in wave 5 of (3). Wave i of 5 was completed. Use wave ii correction to go long.

Projected level: 16050-100 and 36000-36100.

BankNifty
snapshot
Comment:
From day low, an impulse completed wave 1. Wave 2 is in progress and about to complete. Going to move higher for 15900-950 level.
Comment:
Banknifty: from day low wave i of 3 completed.. About to move higher for 36000 level.

Both Nifty and BN may take 2-3 days to reach the level.
Comment:
Stop loss: 15675 and 34660
Comment:
The fall may continue today after some pullback (maybe till 15760-800 level). It need to take out yesterday low.

After this fall, I need to see wave formation to get view on direction.

Related Ideas

dhinesh_kumar
Elliott wave analysis # possible prediction for 11-17 Jun
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.