Nifty may Decline 2000-3000 points from Given RangeWave (5) started from 23894 achieved its projection range and its sub wave 5 started from 24753 is also achieved its range and even extended so Nifty may give quick 1000 points fall from given range in chart and eventually it may decline 2000 to 3000 points from given range.
26200 is the Invalidation level for this analysis.....
Niftyelliottwave
NIFTY Next Hourly MoveNIFTY has given a very sharp up move from 20980 till 21834. This is one leg and its ideal pullback will be 50%. And as per ABCD pattern also this idea gets another confirmation.21380-21400 will be a major support in the next few days. It may bottom out from this region. If we get a bullish reversal price structure in 15 Min TF then we will simply plan long.
nifty looks set for a good pullbackprobable elliot counts on nifty from 16800 to 19200
nifty looks ready for a good much awaited pull backfrom 19200-19300 zones.
nifty running like an athlete from 16800 since 2 mths
almost 2400 points up
and may soon start its pullback move
on derrivatives data front pcr has touched 1.61
ivs at 10.8
shows too much greed and greedy could be challenged in coming days.
rise from 18650 has been with gaps. ( exhaustion gaps??)
also as per gann square of nine 139 square =19321 should act as strong barrier in coming days
139 is co twin prime number and also part of cardinal family
vibrations likely from this zone.
NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE )08/05/2023As the Nifty have completed the A wave expecting B wave to start the progress.
B wave may end round 18180...
as the B wave completes we can expect the fall again...
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17467-17361 iss buying range for Nifty based on Elliott waveFrom 16914 wave (c or iii) is in progress and from current high 17638 there is a possibility of one retracement towards 17467-17361. But one should not look for selling for that support range because its against the wave (iii) trend so safe strategy is to buy when it comes in the support range for the target of 300-495 points. If Nifty trades below 17361 then only negative so SL for buying should be 17361 on 30min candle closing basis.
NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE ) 14/11/2022nifty currently forming converging triangle
we can short nifty with stoploss above the upper trend line
we can expect a target of 18000 or the bottom trend line
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NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE ) 02/10/2022NIFTY currently travelling in the 4th wave of the " C " Wave
expecting nifty in buy side till around 17475
from there expecting a huge fall again breaking the previous low
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NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE )21/09/2022Nifty is currently travelling in wave 3 of c wave..
expecting a gapdown tomorrow
targets mentioned in the charts
after the target nifty will retrace a bit and it continues to fall further expecting till 17400
be carefull in 17400 region
this analysis is just for educational purposes
our team is not responsible for any profits and losses
Nifty Elliott wave update 3AugFrom 15511 an impulse wave is started and in that impulse wave iii is not extended(means projected less than 161%) that is why wave v should be extended as per the rule of alteration. So wave v started from 16438 is extended after breaking above 17205(61% projection of wave v). Now Nifty may decline towards support range 16948-16675 from given resistance range. 16675 is downside breakeven point for Nifty.
Nifty Elliott wave update: 23%-38% will be trend deciding rangeIn Nifty 1hour chart bounce from 15183 is looks like Double zigzag(WXY) correction. Wave c of second abc started from 15858 is already achieved its minimum projection range(16622-16803). Which could be the resistance range for nifty And retracement range of wave c started from 15858 to 16752 is coming at 16541-16410 which will act as support range. If nifty make new high above 16752 then this retracement range will change accordingly. 38% level is the break even point for downside. Consolidation in this support range(16541-16410) will be positive sign for nifty but if Nifty breaks 38% level sharply and if close 1hour candle below 38% level then trend will change and decline towards 15858 and 15511 is possible.
NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE ) 23/06/2022Nifty have completed the A and B waves and now C wave have started
expecting bullish tomorrow
expected reversal area around 15800
exact point will be updated as the wave continues
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our team is not responsible for any profit or losses
NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE ) 20/06/2022Nifty has completed the wave 3 and expecting it to be bullish on monday as the wave 4 began.... expecting a reversal around 15700 region...
exact reversal point will be identified as the wave continues...
RSI Divergence is also present in the chart indicating buy.... wait for the divergence breakout to take the entry...
this analysis is just for educational purposes
our team is not responsible for any profits and losses
NSE NIFTY Is Preparing For Final Wave CNIfty is preparing for the final wave V of wave C of wave (C).
Price has completed the sub-wave (iv) of wave C.
Currently, we are riding on the impulsive wave V of wave C.
If the price breaks the low of wave iii, Traders can Expect the following target of 16110 - 15978 - 15856. After completion of final wave C, Price will start a bull run.
If the price fails to break this level, the price will reverse.
More bearishness will lead the price to the lower band of the parallel channel.
Nifty outlook - Strong Recovery or Impending DeclineIf bulls break the control line, we can expect the following target 17356-17472-17521.
But The rejection from the control line will drive the price to 17150 - 17012- 16900.
Nifty has completed Impulsive wave C of wave(c) of wave ((Y)) and started marching upward. In this initiative, we can see a sharp move with three gaps .
A gap down on Monday indicates island reversal and selling pressure.
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