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Nifty 50 - Where is it going? Elliott Waves AnalysisHey, whassup reader? I bring you an analysis of Nifty 50 using Eliott waves and found the price to be respecting the waves theory from 1996 till today. Here's my approach, observations, and some prediction mentioned below for you. Like and comment on what do you think about it. You can zoom out in the chart to see the wave pattern formation across time. Approach - 1. Decide a timeframe for validating if the index is respecting Eliott waves theory - Used weekly Timeframe for this 2. Decide a time frame to predict where the price move will happen in the near future based on the behavior of recent corrective wave caused by corona - Used daily time frame for this Observations - 1. The index respects Eliott wave very well as demonstrated by the Fibonacci levels of the motive and corrective wave. (I cannot put multiple Fibonacci on one chart on top of another so that's one exercise which you can do yourself) 2. The coronavirus marked the end of the second motive wave which pushed nifty prices up from the bottom of the housing bubble in 2008. 3. The correction wave by corona (wave A) was impulsive in nature making prices fall to a bottom of 7.6K 4. Wave A saw retracement by Wave B (50% Fibonacci level of Wave A - is at 9854) taking prices high to the current level which is 9580. The story gets interesting now. Is wave B going to get over at 9800 level and Nifty 50 will fall from there again?? How far up the prices can go by wave B of NIFTY 50 before it will get weak again and will be taken over by wave C? Wave C can make the price fall again till what level? Can nifty go below 7500? Predictions - Note: This is completely based on my analysis and understanding of Elliott waves. I will not advise you to trade according to my analysis results. a. Wave B is not over yet. The price will increase to a minimum of 9854.1 (50% Fibonacci retracement of Wave A by wave B) or a maximum of 10407 (38% fibonacci retracement of wave A by wave B). b. Given the impulsive correction of wave 5 by the corona induced wave A, a zig zag or complex recovery is expected. c. Another fall will follow the high of wave B, which will bring the prices below the previous low of 7.5K d. The fall can be as low as 6041 (1.6 Fibonacci level) of Wave A caused by corona. My trade setup - Right now, I will go long till 9854 level/10407 level. If 9854 level is crossed and stock moves high towards 10407 level then I will put a stop loss at 9854 level. At 10407, I will exit the trade and wait for other SR levels to decide my next position. Thanks for reading it till here. Hope you liked the analysis. Do let me know what do you think about Nifty 50 prices in the coming months in the comments below. 1 like = 1000 Encouragements. Please like and follow me for more such ideas Ankit
NSE:NIFTYLong
by DataScientist-Nitian-learner
33
Triangle on NiftyTriangle with flat top at 6340-6360 was observed on Nifty during 2008-2013. That almost coincides with UPA II. A break out happened in March 2014 to achieve exact 61.8% level at 9120. I'm excited because this is the first triangle I am trying to interpret, and it gave very encouraging results. What makes this interesting are the break-out attempts as soon as Narendra Modi was announced as BJP prime ministerial candidate, and real break out during the election season - opinion polls and campaigning. We all know that the results were not a big surprise, just the non-dependence on allies of NDA II was the surprise. Who would have thought, behind such a political upheaval, there would be a simple chartist explanation !! This idea is the first in series of three historical patterns observed on Nifty. Please feel free to share our comments / opinions.
NSE:NIFTYEducation
by DushyantAM
NIFTY: What's NEXT? Spot & FUT important Level For 22nd MAR 2018...... Spot & Future Intraday, future modified Weekly Levels plotted & mentioned on chart. Declined "RESISTANCE LINE" Between 10207.35 to 10183 Trade as per Specified level with description. FUTURE Trader Should take position with Hedge strategy. Disclosure: Information shared here can be my view or real trades. As i am not SEBI regd. analyst, Take this information as study/education purpose only. If Useful Like & Share For taking trade decision Consult with financial Advisor.
NSE:NIFTY
by DSKF16
Cryptocurrency Ethereum / Bitcoin = BUYThe best entry point to BUY = LONG-TERM Hello! Those who want to buy Ethereum for Bitcoin, better wait for the best entry point! Below are all my exhibits >>> There are signals that are relevant to this day! So enjoy your viewing: Particularly interesting is the fact that by the end of May 2018, Bitcoin will fall to $ 3000. But before that, of course it goes for about $ 22,000 Here is the last signal for Bitcoin: BTCUSD, D LONG Cryptocurrency Bitcoin / Dollar = BUY BTCUSD, D LONG Cryptocurrency Bitcoin / Dollar = BUY BTCUSD , D LONG Cryptocurrency Bitcoin / Dollar = BUY But the analysis and signal Bitcoin since January 4. EURUSD, M SHORT Euro/ Dollar = ( Futures 6E) = Sell The euro came to the targets for sale ZECUSD , 240 LONG Cryptocurrency Zcash / Dollar = BUY STRATBTC , D LONG Cryptocurrency Stratis / Bitcoin = BUY While also going right NEOUSD, 240 LONG Cryptocurrency NEO / Dollar = BUY DOGEBTC, D LONG Cryptocurrency Dogecoin / Bitcoin -5.88% = BUY AMGN , D SHORT Stock AMGN Amgen Inc = Short Positions Sales are canceled, I will try to go out on my 185 - 186 there where I sold it. BCYBTC , 240 LONG Cryptocurrency BitCrystals For the present I hold. BCHUSD , D LONG Cryptocurrency Bitcoin Cash / Dollar = BUY IOTUSD , D LONG Cryptocurrency Iota / Dollar = BUY XRPUSDT , D LONG Cryptocurrency Ripple / Tether Dollar = BUY DASHUSD, D LONG Cryptocurrency DASH / Dollar = BUY T, W SHORT Stock T AT&T Inc = Short Positions I'm sitting in position, Longevity! XEMUSD, D LONG CryptoCurrency Nem / Dollar = BUY XEMBTC D LONG Crypto currency NEM / Bitcoin = BUY
Long
by ReaLTrader
1
Cryptocurrency Bitcoin / Dollar = BUYThe best entry point to BUY = Medium term Hello!!! I expect a drop of about 7000 dollars for 1 Bitcoin. I can not say exactly when this will happen, maybe the price will fall right away, but maybe first it will reach $ 19,000 / In general, we look and wait, it's better to place limit orders or wait for the impulse to go down. In addition, a little later, at the end of May 2018, Bitcoin could collapse to $ 3,000, there it is already necessary to buy for a long time ! And until then, at around $ 22,000, you have to take profit. Many signals are still relevant!)) Every day I see that no Guru Trader can accurately determine where this entry point is to buy or sell)))) It is necessary for all Traders to show the entry point, rather than walking around and pointing out the approximate levels of the rebound .. ....))) Everyone writes that if the p Particularly interesting is the fact that by the end of May 2018, Bitcoin will fall to $ 3000. But before that, of course it goes for about $ 22,000 Here is the last signal for Bitcoin: BTCUSD, D LONG Cryptocurrency Bitcoin / Dollar = BUY BTCUSD, D LONG Cryptocurrency Bitcoin / Dollar = BUY BTCUSD , D LONG Cryptocurrency Bitcoin / Dollar = BUY But the analysis and signal Bitcoin since January 4. EURUSD, M SHORT Euro/ Dollar = ( Futures 6E) = Sell The euro came to the targets for sale ZECUSD , 240 LONG Cryptocurrency Zcash / Dollar = BUY STRATBTC , D LONG Cryptocurrency Stratis / Bitcoin = BUY While also going right NEOUSD, 240 LONG Cryptocurrency NEO / Dollar = BUY DOGEBTC, D LONG Cryptocurrency Dogecoin / Bitcoin -5.88% = BUY AMGN , D SHORT Stock AMGN Amgen Inc = Short Positions Sales are canceled, I will try to go out on my 185 - 186 there where I sold it. BCYBTC , 240 LONG Cryptocurrency BitCrystals For the present I hold. BCHUSD , D LONG Cryptocurrency Bitcoin Cash / Dollar = BUY IOTUSD , D LONG Cryptocurrency Iota / Dollar = BUY XRPUSDT , D LONG Cryptocurrency Ripple / Tether Dollar = BUY DASHUSD, D LONG Cryptocurrency DASH / Dollar = BUY T, W SHORT Stock T AT&T Inc = Short Positions I'm sitting in position, Longevity! XEMUSD, D LONG CryptoCurrency Nem / Dollar = BUY XEMBTC D LONG Crypto currency NEM / Bitcoin = BUY
BITFINEX:BTCUSDLong
by ReaLTrader
1