NIFTY 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 open above 21000 then buying will happen if open below 20900 selling happen Note - Only for education purpose
probable 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...
Short trade set up mentioned on chart. Study based on Elliotwave + SupplyDemand.
Nifty may decline towards 18021-17425 range in coming days. wave (v) started from 17554 is extended so there is a possibility that it can retrace up to 17554.
As 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... This analysis is just for Educational purposes Our team is not responsible for any kind of Profits or Losses made
Most probably wave (iv) is completed at 17574 and wave (v) projection range is given in chart. As long as nifty is trading above 17478, upside bounce towards 17955-18191 is possible.
From 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...
Nifty expecting sharp rally upside as reaction C Wave for target 18350-18500
Nifty is around Buying range mentioned in chart. 17961(61%) will be downside breakeven point so one can maintain SL around 17950. approximate target would be 400-500 points from buying range.
nifty 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 This analysis is just for Educational purposes Our team is not responsible for any kind of Profits or Losses made
NIFTY 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 This analysis is just for Educational purposes Our team is not responsible for any kind of Profits or Losses made
expecing a negative opening of market from 60 to 90 points negative targets are updated..... expecting a reversal from target 2 this is only for educational purposes only our team is not responsible for any losses or profits
Nifty 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
From 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....
In 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...
Nifty started the fall expecting a fall till 14900 - 14600 in long term now its purely bearish this analysis is just for educational purpose only our team is not responsible any profits or losses
Nifty 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 this analysis is for educational purposes only our team is not responsible for any profit or losses