nifty has formed inverse head and shoulder in 15 mins, expecting to be bullish expecting gap up tomorrow using elliot wave and inverse head and shoulder... it is just my view. EDUCATIONAL PURPOSE
nifty 50 is in the end of 4th wave , a upside rally will start soon , expecting a target of 17600
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....
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...
nifty elliot wave analysis 0-1 : 18604 to 17968 1-2 : 17968 to 18362 2-3 : 18362 to 17618 3-4 : 17618 to 18064 4-5 : 18064 to 17329 Thanks
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.
NSE:NIFTY Nifty seems to have finished the post covid bullish impusle wave cycle which lasted for the past 1.5 year. BUY THE DIP ❌❌❌❌ SELL ON RISE ✅✅✅✅
Nifty retracted on the control line of the parallel channel C. If nifty gives channel breakup, we can get our price targets. Or price will be remaining in the channel. Click here to check the main idea:
Nifty is forming corrective wave 4 of wave ((5)) Nifty has made a high at 18604 and started falling due to conclude of wave 3. It has broken the base channel due to high selling pressure on Nifty. The following terms confirm the nifty pullback. A. The common Fibonacci retracement of wave 4 is 38.2%. Nifty has entered the 38.2% retracement level. It seems like...
Nifty was heaving correction in previous weeks. Now, It looks like it has completed corrective structure and marching upward. If you are following my daily outlooks, you can understand these charts easily. If the price is about to change the direction, It will make an initiative then confirm it. Nifty will confirm its bull trend by breaking wave B at 18350. In...
This week nifty may break 18350, and this level will increase high buying pressure. The above chart shows that nifty seems price is forming a leading diagonal. Moreover, wave 5 is the ending point of the leading diagonal. And completion of wave 'i' the wave 'ii' will take place. The wave 'ii' is corrective. So the day traders can initiate buy position there....
Nifty has filled the gaps. It has a very active gravitation line where price activities are on the bulk. According to wave principle, corrective waves form in deceleration and, impulsive waves break the declaration channel. If nifty breaks the corrective channel, we may see an upward move. Otherwise, the price will continuously form in the corrective channel. I...
If nifty breaks the upper band of the parallel channel, our following targets will be. 18164 18241 Nifty can remain in a parallel channel (PC) before further advance. That can be up to support line of PC (B) or control price.