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 forming the 5th wave of the 3rd wave
so expecting a gap down tomorrow or a bear run tomorrow
trade at ur own risk
just for educational purpose only
Nifty has finished the 5 wave motive structure
now it's time for corrective wave
corrective wave has started
hence expecting a bearing movement tomorrow
#elliottwave #bse #indianstockmarket #nifty #niftyanalysis #indianstockmarket #nifty #niftyanalysis #nse #banknifty #bankniftyanalysis #chartanalysis #chartpatterns #elliotwaves #tamil #english #banknifty...
3rd wave completed and in reversal zone so expecting a down fall
it might retest between 17370-17410
will turn bullish again after the retracement
above details are purely for educational purposes only
If 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 ...
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...
In this 1hour chart from 18351 to 16837 wave A is completed and from 16837 to 17794 wave B is completed at double zigzag correction. From 17794 wave C is already started and 16280-15923 would be the target range.
After breaking the parallel channel, the price entered the value area.
Price has started a seller initiative by going out of the price zone.
Buyers responded more to sellers' initiatives with an excess.
At this juncture, the price has entered the value area.
The lower band indicates the demand pressure.
If the price does not stay above the lower band at 17250,...
Price Action Perspective:
Price is creating a value area where supply and demand are equal.
The control line of the value area has provided eight price touches to confirm the price move, and it has provided five reversals.
In this view, Nifty is on the control line of the value area at 17615 . Price has drawn a doji candle on the control line.
There are seven...
--------------------------------------------------------------------------------------------
Timeframe: 1- Day
Theory: Elliott Wave
------------------------------------------------------------------------------------------------
Click here to read research report 1:...
Time-frame: Daily
Research report: Elliott wave and sentiment analysis
Wave ((1))
Price has started an impulsive structure on 24 March 2020 . It has exceeded the supply pressure by creating demand.
Wave ((1)) formed as a leading diagonal because there was the existence of seller and supply pressure.
All the fundamentals were bearish before this move....
Daily Chart:
Elliott Wave Perspective:
Nifty has completed the corrective wave A of triple zigzag (Z)
If the price gives a consecutive close above (X), it suggests that corrective structure has occurred and an impulsive wave started.
However, the price has given three moves after wave A.
Sub-wave a traveled 100% of wave B.
The price is weak below 17639 and...
