NeeravYadav
Short

Nifty new highs not far away (Elliott Wave Analysis)

NSE:NIFTY   Nifty 50 Index
In the last analysis my view was that a breakout trade should be initiated and Nifty went from 8652 to test the important resistance zone of 9000 as expected.

As of now it seems that Nifty will retrace till the red zone of 8430- 8300 to complete the Wave 2 (Red) within Wave 3 (Double bracketed Blue).

It is also possible that the retracement is shorter in that case positions can be taken above the breakout if 9000 levels.

I expect that the index will make new all time highs and the strategy as of now is to buy on dips.

Currently is seems like the Double Bracketed Wave 3 will take Nifty to 9400 to even 10000+ levels, however more exact targets can be predicted once the Wave 2 (Red) pullback is complete.

I will update the targets as the picture becomes clearer.
87.5% forecast accuracy for 2017 : http://50eyes.com/forecast-accuracy/

Detailed Analysis on Youtube : https://www.youtube.com/c/50Eyes

Elliott Wave Course : http://50eyes.com/elliott-wave-course

1-2-1 Training : http://50eyes.com/training-progr
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out