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imkhushal
Jan 15, 2021 12:58 PM

NIFTY Elliott wave analysis..!  Long

NSE:NIFTY15
Nifty 50 IndexNSE

Description

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NIFTY Elliott wave analysis..!

It looks the correction in miner wave has been completed in Nifty, we can see a gap-up opening on Monday 18.01.2021.
We have seen WXY correction in 15min time frame and Y has completed.
One miner impulse wave (i) may have been done or to be completed on Monday...if open gap-up then we can ensure the miner wave 1 has completed too.

Please always understand the risk associated with underlying security.

Thanks for watching this chart....your suggestions are always welcome.


Thank you.

Comment

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Exit when break the 14350.

Comment

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for other scenario please refer to updated chart.

Trade closed: stop reached

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Exit when break the 14350 (HIT)
Wave AnalysisTrend Analysiselliottwaveprojection
Comments
Sandeshd1984
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14600 , 14000 then 15200
bhalla1990
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correction of this type is 3-3-5 and not 3-3-3, so monday would be mostly down in half 1 and then can be up if structure completes
imkhushal
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@bhalla1990, the invalidation is Y point. thank you for your views
bhalla1990
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@imkhushal, invalidated 15 minutes after opening :). told you to expect a 3-3-5
imkhushal
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@bhalla1990, bro you are right...! broken below the Y....thanks for your expert view...!
bhalla1990
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@imkhushal, nevermind, this platform is fun because it allows you to learn from others, i only focus on just that part
imkhushal
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@bhalla1990, thanks.
Poison_1907
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What's the target 1 and max target you are looking at
imkhushal
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@Poison_1907, projected on chart (for miner wave ) but keep in mind if goes below Y point the recount will be needed.
manishhbajaj56
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@imkhushal, great bro EXCELLENT proud of u
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