Nifty correction Analysis ELLIOT WAVE Nifty look like wave structure show C OF c pending target 17660
stop 17855
Niftyelliottwavecount
NIFTY 50 TECHNICAL ANALYSIS ( ELLIOT WAVE ) 29/06/2022Nifty 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
Short
Nifty outlook - Strong Recovery or Impending DeclineIf 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 island reversal and selling pressure.
Previous Article: (All TP done)
Nifty Outlook - Will the bulls cease the falling knife of Nifty?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 pieces of evidence of a reversal on the control, so the level of 17615 becomes a key level for traders.
In addition, nifty often g
NIFTY Research Report 1: Elliott wave & sentiment analysis
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. So, it was a bit risky to think about a trend change without any proper signal.
Price has made a high of 9989 , and the fifth terminati
Nifty Outlook: The Case Of Initiative And Response Between Bulls
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 point. And that pivot point will act as a hurdle. Hence, it has to climb up to that. And if that happens, then it will keep moving forwa
**NIFTY's Elliott Wave Perspective for Today**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.
Part II: NSE Nifty Sellers Crushed Again.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 Outlook: A fight Between Bulls and Bears 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 case, If you have missed my previous idea:
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Nifty can take two steps back before skyrocketing.
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. It's a golden opportunity because of moderated risk here.
Safe intraday traders can enter at the breakout of wave i. This point is also
NSE Nifty Sellers Crushed Again.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.
Nifty can retest 17169 before hitting the 18000 levelsIntraday & Short-term outlook of Nifty 50:
Nifty has completed motive wave (iii) at 17792 .
Wave (iv) is forming and, it can have a common retracement of 38.2% .
The nifty trader can see the following targets:
Target 1: 17425
Target 2: 17270
Target 3: 17169
According to the rule of corrective wave, it remains under the channel.
And the impulsive wave can breakout the parallel channel.
If nifty breaks the parallel channel, we have to accept the impulse atmosphere.
Nifty: Short Setup for Wave (iv)Nifty is on the corrective structure.
Wave (x) of the double zigzag is near to complete Wave (Y) has the potential to give a short entry for the following targets :
Target 1:17426
Target 2:17328
Target 3:17260
Further information I will update you soon. Stay connected!
Short
Nifty Elliott wave analysis for 10feb 2021 onwardFrom 13596 wave (i), (ii) and (iii) is completed at 13773, 13778 and 15257.
there is a confusion if wave (3) or (5) is completed at 15257 so we have to depend on the breakeven point which is coming at 14692.
So 14908-14692 will be support range as of now but if nifty trades below 14692 then its a negative sign.
Nifty & Bank Nifty elliott wave analysis for 25th jan onwardIs Bigger decline possible ????
Nifty & Bank Nifty elliott wave analysis for 25th jan onward
Nifty Elliott wave update for 8jan 2021(v of ED) would be complete above 14275 and maximum range is 14340-14391.
And if nifty decline from here below lower wedge line then we have check again for support range and breakeven point in 1hour chart.
Kindly look at the daily chart idea also. link is given below
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.
Long
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.
Nifty Elliott wave analysis for 1st oct 2020Earlier we have considered wave iii at 11072 but now it seems iii has completed at 11305 and wave iv at 11181 which is almost 23% retracement.
And if wave iv is completed at 11181 then projections of wave v is coming at 11377-11499.
we were expecting more than 38% retracement because counted five wave completed at 11305 and looking for wave (b or ii) which can retrace at least 38%-50%.
Nifty Elliott wave analysis of 30min chart for 25sepIn 30min chart immediate resistance range is coming at 10900-10970.
Note:- I am considering internal (i) and (ii) of (3) because expecting bigger decline. if this wave count is wrong then nifty can bounce quickly towards 11260.
Nifty Start of Corrective WaveDetailed Analysis using Elliot Wave
Nifty from march lows formed Leading diagonal and its abc correction till 8806, fresh 5 step impulse wave was triggered till 11794.
Nifty opened gap down on Friday 04th Aug, Gap was wide and didn't get fill.
It has also broken swing low 11325 so this suggests start of fresh corrective wave.
Nifty to again test 11111 levels which is least expected correction. Breaking below that we will see below Fibonacci correction levels
0.236=11089
0.382=10653
0.5=103
Short
Nifty Elliott wave analysis(15min chart) for 24aug 2020From 11111 wave (i), (ii), (iii) and (iv) may be completed at 11290 and from 11290 wave (v) may be started and in which i, ii, iii and iv is completed and v might be complete in the range of 11460-11491 range.
Nifty elliott wave analysis for May Expiry week 2020As of now decline from 9889-8807 looks a three wave move, but the bounce from 8807 doesn't look impulsive so it can be a corrective wave of 9584-8807 and Nifty can decline again below 8807. 9104-9195-9287 can act as a resistance zones.
Nifty Elliott wave analysis of 4hour chart as on 22may 2020As of now bounce from 7511-9889 looks like corrective bounce and nifty can decline again towards 7511.
Only a sharp bounce above 9584(without breaking 8807) can save nifty from falling towards 7511.
