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Dino_Naidu
Mar 13, 2021 6:55 PM

Elliot wave Analysis # Bearish Sequence Short

NSE:NIFTY30
Nifty 50 IndexNSE

Description

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NIFTY 50 Index
30 Mins Candlestick (log scale)
Bearish Sequence
Short Term Update
Elliot wave View (FLAT Structure labelled as A-B-C, 3-3-5)

Nifty finished @ 15322.10 88.6 % fibo level on 12th March'21 our projection was @ 15419 level, but the index reversed from 15320 level.

Next Projected target for Nifty to the downside is @ 14736, 14367 & 14138.95 odd levels.



NSE:NIFTY
Elliott WaveFibonacciParallel Channel
Comments
yvatsji
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I agree with your bearish view but marking with respect to eillot wave guidelines are not correct even the degrees you showed are not correct . You showed extension in fith wave and next red colour wave in red colour should be of lower degree but you showed of bigger degree.
Dino_Naidu
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@yvatsji, agree with your point im not following the degrees properly
yvatsji
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@Dino_Naidu, that is why your short-term trend went wrong. thanks for taking advice.
Dino_Naidu
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@yvatsji, yes thanks foe letting me know
Dino_Naidu
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@yvatsji, i dont get that much of time to place a proper degree
chandumungekar
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excellent sir
me nifty ko 21000 tak dekha raha hu uske baad downfall shuru
Dino_Naidu
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@chandumungekar, thanks
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