Nifty & Banknifty Elliott wave analysis for 28dec 2020 onwardNIfty And Bank Nifty Elliott wave analysis in hindi. If you are not comfortable with hindi then kindly read important points mentioned in charts.
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Nifty & Bank Nifty Elliott wave analysis for 24dec 2020 onwardNifty and Bank Nifty Elliott wave analysis
Nifty elliott wave update for 22dec 2020 onwardIn 2hour chart from 10790 wave (a or i), (b or ii) and (c or iii) is completed at 12025, 11535 and 13777 respectively.
support range(retracement range for wave (iv)) is coming at 13252-12926.
If nifty trades below 12926 then only bigger decline is possible.
NIfty & Bank Nifty Elliott wave analysis for 21dec 2020 onwardHello Friends, For the first time I am trying to make idea in form of video and looking for positive response from your side. Thanks
Nifty 15min chart Elliott wave analysis shows TOP is NEARNifty 15min chart suggest from 13402 wave 1, 2, 3 are completed at 13597, 13447, and 13773 respectively. If wave 4 also completed at 13658 then wave 5 projection range is 13800-13887 but if wave 4 is still running then 13696-13648 is support range in which wave 4 can complete and then 5 will start.
Nifty will be negative if trades below 13648.
Overall 13800-13887 can be reversal range for nifty.
NIfty 30min chart indicates Limited upside as of now.Nifty already achieved its minimum projection. Now we need to see the bounce from 13402 to find out reversal range.
Nifty Elliott wave analysis of 30min chart for 14dec2020 onwardIn this 30min chart wave v started from 12790 is in progress in which wave (i), (ii), (iii) and (iv) is may be completed and wave (v) has started from 13402. 13704-13890 is projection range for wave (v).
13422-13325 is an immediate support range which was retracement range of wave (iv). Nifty negative only below 13325.
Nifty Elliott wave count of 2 hour chart for 14Dec onwardIn this 2hour chart from 10790 wave (a or i) and wave (b or ii) is completed at 12025 and 11535 respectively. In (c or iii) wave i, ii, iii and iv is completed and wave v is also achieved its minimum projection of 38% and 61% is coming at 13785.
13097-12798 is an immediate support range as of now.
Bank Nifty Elliott wave analysis for 7Dec 2020 onwardIn this 1hour chart of Banknifty wave (c or iii) started from 23613. And in this wave (i), (ii), (iii) and (iv) is completed at 25773, 25142, 29031 and 27703 respectively. wave (v) is completed at 29784 OR running as Ending Diagonal.
In short if Bank nifty has to fall then it should not cross 30540. Even if it touches 30541 then we will see much higher levels.
And if unable to cross 30540 then it can decline in 28643-27682 range.
Nifty Elliott wave analysis for 7Dec 2020 onwardWave (5) started from 10790 is looks like a three wave move as of now. wave (c or iii) started from 11535 achieved 100% and 123% while 161% is coming at 13534.
12868-12613 is immediate support range and nifty is positive as long as trading above 12613. Nifty turns negative only if trades below 12613.
Nifty Elliott wave analysis(30min chart) for 1st Dec 2020In 30min chart it seems wave (c or iii) started from 11535 is in its last stage of completion with pattern of Ending diagonal.
12817-12615 is an immediate support range.
13159-13217 is an immediate resistance range.
Nifty Elliott wave analysis for 1st Dec 2020 onwardIn hourly chart it seems wave (c or iii) is still running from 11535 and from 11535 wave (i), (ii) and (iii) is completed at 11921, 11756 and 13146 respectively and wave (iv) is completed at 12790 or still running and wave (v) is still pending.
So overall nifty is positive as long as trading above 12530.
projection of wave (v) is coming at 13405-13785 range from 12790.
Nifty Elliott wave analysis of 15min chart for 23Nov 2020In this 15min chart wave (iii) started from 11756 not even retraced 23% yet so may be wave (iv) is running and wave (v) will start on upside after completion of wave (iv). 12678-12502 is immediate support range and nifty if trades below 12502 then only negative.
Nifty elliott wave analysis for 23Nov and onwardIn this 1hour chart it looks like a three wave move and it can be abc or 123. So nifty is in positive zone as long as trading above 12417 which is 38% retracement level.
12626-12417 is immediate support range and nifty negative only if it trades below 12417.
Nifty Elliott wave analysis for 12Nov and onwardIn this 1hour chart wave started from 11535 is sharp and steep and created gaps so i have given Alternate wave count.
If its wave (v) then 100% projection is coming at 12770 and wave (v) above 100% is rare case so if nifty trades above 12770 the we will consider Alt. wave count.
Nifty Elliott wave analysis of daily chart as on 12Nov 2020Wave (5) started from 7511 is currently in its 5th wave and 38% is already achieved. 61% is coming at 13437. To find top we have to see wave (5) started from 10790 in lower time frame.
NIfty Elliott wave analysis on monthly chart as on 12Nov 2020No change in monthly chart posted on 17oct where minimum target was new high is achieved now.
Nifty Elliott wave analysis of 1hour chart as on 7Nov 2020In this 1hour chart it seems wave (i), (ii), (iii) and (iv) is completed at 11305, 11181, 12025 and 11535 respectively. And from 11535 may be wave (v) started and already achieved its 38% projection and almost near to 61% projection. so now we need to be cautious on buy side.
The only confusion in this chart is the speed of wave (v) from 11535 is sharp and steep.
For immediate move we should concentrate on the bounce from 11535 in 15 min chart.
Nifty Elliott wave analysis of daily chart as on 7Nov 2020Posted this daily chart idea on 17th oct. and we are near to minimum target. so we need to concentrate on the bounce from 10790 to find out top.
In daily chart from 7511 wave (1), (2), (3) and (4) is completed at 9039, 8055, 11794 and 10790 respectively and from 10790 wave (5) is started and projection of wave (5) is coming at 12426-13437.
Nifty Elliott wave analysis of 15min chart as on 2Nov 2020In this 15 min chart 11649-11720 is an immediate resistance range. Nifty needs to break above 11720 for upside momentum.
NIfty Elliott wave analysis for 2nd Nov 2020 onwardDecline from 12025 is looks like corrective as of now. so we can still expect bounce towards 12007-12298 range in coming days.
Invalidation point for this view is 11305 which is well below from current level so for immediate move lets look at 15 min chart from decline 12025.
Nifty Elliott wave analysis of 30min chart as on 17oct 2020In 30min chart nifty is consolidating between support range 11823-11700. Now 11661 level should not be broken if nifty needs to go up.
Nifty Elliott wave analysis of Daily chart as on 17oct 2020In daily chart from 7511 wave (1), (2), (3) and (4) is completed at 9039, 8055, 11794 and 10790 respectively and from 10790 wave (5) is started and projection of wave (5) is coming at 12426-13437.
