Nifty Elliott wave analysis for 3May 2021In this video one can learn a lot about elliott wave counting as specially when one pattern is violated, that is what happened today as we were expecting triple zigzag pattern ended at 14151 but after breaking upper wedge line price breaks the same wedge line on down side which violated the pattern. Now what next is explained in detail.
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Nifty Elliott wave analysis for 30april 2021Nifty given very good up move as of now from 14273 as we were expecting in our previous videos. Now after breaking upper wedge line nifty need not to break the same wedge line for up move to continue. In this video I have explained detailed wave count from recent low 14151.
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Nifty & Bank Nifty Elliott wave analysis for 26april 2021In this video i am trying to explain Nifty 1hour chart where there is a high probabilities of completion of Triple zigzag correction at 14151 and in Nifty 5min chart 14583-14656 can be the minimum target range for coming sessions.
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Nifty Elliott wave analysis for 23april 2021In this video i have explained 1hour chart which suggesting complex correction is going on from 15431 and may be it is completed as triple zigzag correction at 14151 or still continue. 14280-14360 was an immediate resistance range and nifty closed above that range. now this same range will act as a support range.
In 5min chart as of now its looks like a three wave move from 14151 to 14425.
14379-14351 is an immediate support range in 5min chart and if nifty trades below 14351 which is 38% retracement of (c or iii) then it will turn in to negative again.
In Bank Nifty daily chart 33625-31098 is an immediate support range where banknifty is hovering around 31098 which is breakeven point for bank nifty. as of now its above that level.
In 1hour chart 31835-32719 is an immediate resistance range and positive only above 32719.
For immediate move if we see 15min chart of bank nifty then there are immediate support range and resistance range explained.
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Nifty Elliott wave analysis for 19april 2021In nifty 45min chart from 15431 to 14249 its looks like a corrective decline as of now.
If we see the internal structure of this decline then its looks like a Triple zigzag correction where,
15431-14468 1st abc
14468-15336 Link wave X
15336-14264 2nd abc
14264-14984 2nd link wave
14984-14249 3rd abc
From 14249 bounce is already started and we need to see whether its a sustainable bounce or not. for that lets check its internal wave count.
From 14249 wave (a or i) and wave (b or ii) is completed at 14449 and 14353 respectively and from 14353 wave (c or iii) is running and in (c or iii) wave (1), (2), (3) and (4) is completed and from 14585 we may see bounce as wave (5). Projection of that wave (5) is coming at 14714-14793.
14610-14561 is support range for nifty and if it trades below 14561 then it can turn negative again.
after achieving 14714-14793 retracement range will be change accordingly.
Reliance will take market to new High ? Tradeplan 4th Feb 2021First step of a successful trader is to build a Trade plan & review what he has done.
This is my Trade Journal for Nifty & Bank Nifty . (education purpose for all )
Trade plan
Nifty 50 : Trend is Up, Buy On dip: ( for levels see video for details )
Bank Nifty: Trend is Up, Buy on dip : ( for levels see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.
Market has Turned to Bears ? Weekly Wrap #Nifty50 25th Jan2021First step of a successful trader is to build a Trade plan & review what he has done.
This Channel is my Journey in Stock market as a Trader.
This is my Trade Journal for Nifty & Bank Nifty . (education purpose for all )
Trade plan: 25th Jan 2021
Nifty : Trend is down , Sell on rise ( for levels see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.
Weekly Wrap - Nifty & Tradeplan Nifty 18th Jan 2021 #NiftyFirst step of a successful trader is to build a Trade plan & review what he has done.
This Channel is my Journey in Stock market as a Trader.
This is my Trade Journal for Nifty & Bank Nifty . (education purpose for all )
Here, I will disclosed my Trade plan for trading day & review them, share my learnings.
with hope that this will add value to your trade setup and trading strategy.
Weekly Wrap
Nifty : Trend is up Buy on Dip : ( for levels see video for details )
Jai Hind.
Disclaimer :
This video is only for educational purposes. Please consult your financial advisor before you take any trades.