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
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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
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....
Heare #NIFTY as per elliot wave set up in 1 Hour 5th wave is completed and now ABC Running, we can Buy Nifty here 15700 to 15750 level SL is 15500 for the TGT OF 16193 O 16344.
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 ...
expecting a bearish movement from tomorrow
we short nifty with a target of 16600 and stoploss of 17600 taking entry @17400
competed the 4th wave cycle so expecting the beginning of 5th wave tomorrow
this analysis is just for educational purpose only
tae trades based on your own risk
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
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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
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...
Research report: Elliott wave and sentiment analysis
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....
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...