NeeravYadav

In this article I'm doing Elliott Wave Analysis of Nifty and discussing Swing Trading Strategies for the same. As of now it seems that the 1st leg of impulse has completed near the recent high around 8980, but there is a slight possibility that the Wave 5 of this impulse might head a bit higher, however from a trading perspective this implication will have no ...

In the last analysis my view was that a breakout trade should be initiated and Nifty went from 8652 to test the important resistance zone of 9000 as expected. As of now it seems that Nifty will retrace till the red zone of 8430- 8300 to complete the Wave 2 (Red) within Wave 3 (Double bracketed Blue). It is also possible that the retracement is shorter in that ...

Previously I was considering only a bullish count in which the Wave 4 was completed but here I have analyzed an alternate count in which I have discussed the downside possibility. Which count will play out will soon become clear but if the downside plays out then we can see targets around the 1800 mark. To be more precise the expected targets are - Target 1 : ...