dhinesh_kumar

Elliott wave analysis # revised wave count

NSE:NIFTY   Nifty 50 Index
I expected wB of 2 was in progress but there was some mistakes in wave decoding. Its not wB , it is w3.

Banknifty revised wave count

Nifty current correction wave count

Banknifty current correction wave count

Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
Comment: Nifty

Banknifty
Comment: BankNifty - completed the fall and moving higher for wave 5 35810 level.

Nifty - the correction from 4th Jun is still in progress and developing as expanding/irregular correction. It may move up along with Banknifty,
Comment: Updated wave count

Nifty

BankNifty
Comment: Updated wave count

Nifty

Banknifty

Comments

correction over?
Reply
dhinesh_kumar Parasuram
@Parasuram, posted updated wave count
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It appears Nifty is still progressing on wave (5) Impulse wave path as could be seen on 30M time line.
Reply
dhinesh_kumar kandaswamyp
@kandaswamyp, I do wave count on lower time frame. I see wave 4 is in progress as stated in the charts
Reply
What is the revised chart after today’s market
Reply
dhinesh_kumar hardikwadhwaid21
@hardikwadhwaid21, posted the charts
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it's personality is not like wave 3, its most likely wave 5 (extended).
Reply
dhinesh_kumar bhalla1990
@bhalla1990, which part you are referring ?
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bhalla1990 dhinesh_kumar
14888 - 15730 cannot be wave 3, since it is too slow and slope is too shallow
Reply
dhinesh_kumar bhalla1990
@bhalla1990, if so, the fall 18th-20th May would be w4. In this case, it overlaps with w1
Reply
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