From 15431 it seems like a complex correction is going on where, 15431-14467 1st abc 14467-15336 link wave(X) as double zigzag 15336-14264 2nd abc At 14573 nifty completed double zigzag correction. Now trading above 14500 is a positive sign for nifty and it may go for new high unless this correction will turn into triple zigzag correction.
From 14862 corrective pattern is going on as per my view and it may complete in 15174-15233 range. Nifty may decline towards 14925-14862 range. Kindly trade with logical Stop Loss whichever looking proper in live market. Trade blindly on others idea is not a good idea sir G.
Important levels for nifty... how ever who has control over DII dumping it further down.
NSE:NIFTY 📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas. if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop...
NSE:NIFTY 📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas. if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop...
Nifty & Banknifty elliott wave analysis for 3feb 2021 onward
Nifty Elliott wave analysis for Budget day(1st feb 2021)
From 14753 it seems impulsive decline is going on and wave and is completed at 14371 and 14491 respectively. from 14491 wave (1), (2), (3) and (4) is completed at 14260, 14438, 13713 and 13966 respectively and from 13966 wave (5) is started. minimum projection of wave (5) is already achieved at 13669 and 61% is coming at 13486. for exact completion range we...
As expected in our last video extended wave 5 started from 13953 retraced 100% in quick time. Video link given below.
Is Bigger decline possible ???? Nifty & Bank Nifty elliott wave analysis for 25th jan onward
NSE:NIFTY 📊 Each levels Act as support and resistance📈📉. one can trade on 3min, 5min and 15 min as per their trade set up. for reference one can check our old published ideas. if any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and stop...
Nifty is still in positive zone as long as trades above 14343. 14395-14343 is immediate support range.
(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
Retracement from 13967-13864 is not even 23% of wave iii that is why there is a point of confusion if wave v is started from 13864 OR wave iv decline is still pending. Overall scenario: (1) If nifty decline from here then 13847-13722 is support range and 13722 is trend reversal point. (2) If wave iv is completed at 13864 then 14184-14381 is wave v projection range.
In this daily chart it seems wave (1), (2), (3) and (4) is completed and wave (5) is in progress from 10790. 38% and 61% projection of wave (5) is already achieved so its in extended zone. Maximum level 100% is coming at 15096 which is rare case. From 10790 wave (i), (ii), (iii) and (iv) is completed and projection of wave (v) is coming at 14272-14977 range and...
In 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.
Hello Friends, For the first time I am trying to make idea in form of video and looking for positive response from your side. Thanks