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...
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 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
Nifty 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...
NIfty 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...
