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Elliottwaveprojection

Nifty weekly chart analysis Elliot wave from 1990 till 2019Here is a chart of weekly Nifty. Some observation from 1990 till 2019. So here I think we saw the highest level of Nifty @ 12103 which let us assume as completion of Wave 5(Elliot wave). Now we have entered the bearish zone which is going to be volatile as seen in the year 2k and 2008... 2019 can be the third phase of correction for the Nifty index. Now if you see the charts please also see that whenever the bearish wave C is complete it bottoms out somewhere near wave 4 low approx. So, if we assume that this is actually a slowdown and we may see a crash, our lows are placed somewhere near 6825 which is low of wave 4. This is just a probability of how the market could crash in the next 6 to 12 months. Right now we don't have any such events happening in our country that we may see 12k plus nifty so soon. The global economy is slowing down guys!!! Red thin lines near the CMP are the immediate supports. A selling is seen for the last 9 weeks which may result in a pullback. So, everytime we pull up, its just sell on rise. Do not invest every penny now. If nifty is seen at half levels from here everything will be at cheap levels. Be wise and rise in the market.
NSE:NIFTY
by abhijitgujarathi15
Nifty : Basic Elliot Analysis (Minuette Degree)the provided is Nifty's Elliot Analysis of Minuette Degree being sensitive to perspective the given structure may differ for other Elliotician's & we respect that, so feel free to share Ur's!! if you have any queries regarding above idea or any other stock feel free to D'M Announcement : Recently we launched, TruStox Community a community driven platform for Traders with almost all features that a trader needs. Here are some of them:- Trade assisting Tech. Regular Study Conferences. Collective Fundamental Research. Access to Tools from Trader's Toolkit. & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NSE:NIFTYEducation
by TruStox
3
Elliot Wave Correction In Nifty Wid Head & Shoulders ConfirmatinNifty is in Elliot's wave since 2016, This is the last wave of correction. (Weekly Charts) The best part is, a Head n Shoulder at the End, Which mostly occurs in Elliot Wave (if no harmonic chart patterns are found). On a larger scale also, NIfty is in Elliot's wave on Monthly charts. (Haven't covered here) Nifty after touching 11,200-300 can shoot around 9000-9400. Hence the stocks in Indian Stock Markets will follow.
NSE:NIFTYEducation
by usamabintanveer