Nifty is around Buying range mentioned in chart. 17961(61%) will be downside breakeven point so one can maintain SL around 17950. approximate target would be 400-500 points from buying range.
From 15511 an impulse wave is started and in that impulse wave iii is not extended(means projected less than 161%) that is why wave v should be extended as per the rule of alteration. So wave v started from 16438 is extended after breaking above 17205(61% projection of wave v). Now Nifty may decline towards support range 16948-16675 from given resistance range....
Hello Friends, In daily chart of BN there is a possibility of 5000+ points decline. Wave counts and logic behind this is already explained in chart with upside break even point. Kindly do your own research also before taking the trade based on this analysis.
In Nifty 1hour chart bounce from 15183 is looks like Double zigzag(WXY) correction. Wave c of second abc started from 15858 is already achieved its minimum projection range(16622-16803). Which could be the resistance range for nifty And retracement range of wave c started from 15858 to 16752 is coming at 16541-16410 which will act as support range. If nifty make...
In this 1hour chart from 18351 to 16837 wave A is completed and from 16837 to 17794 wave B is completed at double zigzag correction. From 17794 wave C is already started and 16280-15923 would be the target range.
Now 37482-37994 is an immediate resistance range. If trades above 37994 then only positive.
38317-38670 is an immediate resistance range for Bank Nifty. If it will not breaks above this resistance range then fall towards 36757-35954 is possible.
From 2636 (a or i) and (b or ii) is completed at 2954 and 2781 respectively. From 2781 (c or iii) may be started and minimum projection range is coming at 3099-3175 which can be achieved in coming days. 2844 is good support. If breaks 2844 then may consolidate between 2844-2750.
In this 30min chart 37674-37627 is first support range. If BN will not bounce from this range and trades below 37627 then 37452-37346 is next support range. Overall BN may bounce from first OR second support range as mentioned. BN is negative only if trades below 37346 which is 61% retracement of recent impulse(36876-38107).
In this video I have discussed important support range for Nifty and Bank nifty in 15min chart for monday. for better understanding kindly watch video. Thank You
From 17326 (a or i) and (b or ii) is completed at 17610 and 17524 respectively. wave (c or iii) started from 17524 has already achieved minimum projection of 100%. Now 17768-17721 is an immediate support range for Nifty. If trades below 17721 then only negative.
Nifty closed below 17593 which is immediate breakeven point for downside. In this video I have explained latest Elliott wave counts from daily chart to 5min chart. Kindly watch video for better understanding. Thanks for watching
Nifty broken all the resistance levels which we have mentioned in our last update. Updated Elliott wave analysis explained in this video. so kindly watch video carefully. Thanks for watching
In this 45min chart impulse wave started from 15513 wave (1), (2), (3) and (4) is completed at 15817, 15746, 16702 and 16376 respectively. from 16376 61% projection of wave (5) is already achieved and it is in extended zone. After completion of wave (v) started from 17055 nifty can give sharp decline towards 16376.
16645-16597 is the immediate support range for nifty as discussed in the video. Nifty if trades below 16597 then only negative. For better understanding kindly watch the video. Thanks
In this 15min chart currently nifty is in support range and it will hold this range then wave v targets are given in chart. And If nifty breaks and trades below 16591 then next support range is coming at 16476-16336 which we have discussed in 30min chart of our recent video ideas. Thanks
In this Nifty Elliott wave analysis video I have discussed nifty targets and down side breakeven points with detail explanation of wave count. kindly watch video. Thanks
In this Nifty Analysis video I have discussed important levels and breakeven points for nifty for 25Aug 2021. kindly watch video. Thanks