dhinesh_kumar

Elliott wave analysis # resistance holding up-move

Short
NSE:NIFTY   Nifty 50 Index
Tomorrow it may open above today's high and resistance can force the price down towards 15100 level.

Banknifty update:
Comment: It should fall from here, else I need to re-check my analysis.

Invalidated level: 15325
Comment: Possibility: If open is not wave 5 of C, up-move is pending. Now it might move up to complete the pending activity - either wave 5 of C or wave Z.

Don't trade it. I just go to watch it.
Comment: Now from day low, either ABC or 123 completed.

If ABC, it can fall from here.

Not for trading.
Comment: Update:

Nifty - from 24 May low to today high WXYXZ completed
Banknifty - from 24 May 9:20AM to 25 May 2:15PM Flat correction and then double-zigzag till today high

It should be impulse fall in Nifty and ABC fall in Banknifty.

Just sharing my view. Don't take it as trading advise.
Comment: Nifty Trade setup for 27-May-2021

BankNifty Trade setup for 27-May-2021
Comment: The above two charts are for 28-May-2021
Comment: Invalidate my whole analysis if breaks today high (nifty 15455.55 and banknifty 35436.65)
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