Elliott wave analysis # forming triangle

Jun 29, 2021

Wave 4 is in progress and forming triangle correction.

Jun 29, 2021

Note

BankNifty

Jun 30, 2021

Note

Nifty updated wave count

Jun 30, 2021

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Nifty possibility-2 for today's movement

Jun 30, 2021

Note

BankNifty


Nifty

Jul 1, 2021

Note

Wave C in triangle is completed or about to complete.

Jul 2, 2021

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Updated wave count

Nifty

Jul 2, 2021

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BankNifty

Jul 2, 2021

Note

Nifty: Fall from 30jun 12:15 looks like ended at today 9:25, but after then it broke the low again. So there may be some other possibility (like still wave A of triangle C is in progress). I will update once get clear view.

Jul 2, 2021

Note

Possibilities for fall:

1. Wave 5 of wave A - at-least test day low (after then, need to see inner wave formation)
2. Wave 3 of C - in that case 34300-350 n 15550..15520

Jul 2, 2021

Note

The pullback should end here around 15690 n 34840