NeeravYadav

NeeravYadav

On the Daily chart the Elliott Wave analysis suggest that we have a possible formation of Ending Diagonal for W.C (Circled) of W.y .

NeeravYadav

From the current count it seems that Nifty is in a-b-c Flat correction with the current move up being the completion of W.b . If W.b has still more upside remaining then that should remain restricted till the 11123 level, a close above that on daily basis will signify that bulls have taken over and hence this level will serve as both the Invalidation Level for...

NeeravYadav

On this hourly chart of Hindalco W.(A) and W.(C) are exactly equal, also W.2/B completing at the 78.2% retracement suggests that the Zig Zag correction may have completed to the downside and hence a new leg up can be expected from here on with small risk below the current swing low. For further confirmation we need to wait till the market goes above 230 and gives...

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...

NeeravYadav

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...

NeeravYadav

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 :...