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...
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 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...
Go short after the breakout of the trendline wait for confirmation in 30 mins go short after the 30 min candle close below 17990 target around 17600
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
just a retracement..... nifty still bullish educational purpose only
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,...
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.
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...
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....
-------------------------------------------------------------------------------------------- Timeframe: 1- Day Theory: Elliott Wave ------------------------------------------------------------------------------------------------ Click here to read research report 1:...
In my previous post, I have mentioned that nifty can make an upward move before making the last leg. Nifty was at 16999 , and it has made a high of 17400 on 31st December 2021. Nifty is out of the channel and near to the previous lower high. If nifty breaks up 17639 , we can expect a big upward move for 18210 , which indicates that correction is...
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...
Nifty is constructing triple three (x,y,z) right now. Price is about to accomplish sub-wave B of triple three. Buyers should be ready to exit from their position before the price reaches the nearest lower high at 17639 , which is wave (X) of the correction. According to wave principle, if the price couldn't sustain above wave X, then the current trend is about...
Nifty has continued forming the descending channel. Price has made three excess areas on the lower band. It means that bear traders are continuously trying to break down the descending channel. Price is following the control line with nine spot confirmation. The trend will change after a breakout of the upper band, and it will drag the nifty price at my pivot...
Nifty can bounce from 0.618% - 0.786% of retracement levels, and we may see 18350 again. According to the Elliott Wave Principle, it can drop up to 1.00% of wave i. And a breakdown of wave 'i' is a direct sign of a strong downtrend. Buyers must note that the price has broken 200 EMA. Don't buy without any confirmation.