Break out from Triple zigzag correction's upper wedge line is already happened. Now we need to concentrate on the bounce from 14151. And in this video I have tried to explain the same in detail. Thanks for watching
Nifty & Bank nifty both achieved our mentioned levels in last video and now it seems consolidation with negative bias is possible for one or two sessions. For detailed understanding kindly watch video.
In 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. Thanks for watching
In 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...
In this video one can learn very important aspects of complex correction and its personality. Thanks for watching
Nifty Elliott wave update for 20april 2021
In 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...
Nifty Elliott wave update for 15april 2021
Nifty Elliott wave update for 13april 2021
Nifty & Bank Nifty All time frame analysis for 12apr 2021 onward
Nifty Elliott wave analysis for 5April 2021
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.
In this video we have discussed elliott wave counting of bank nifty from recent high.
In this video you will get detailed explanation of bank nifty elliott wave counting from recent high 37703.
In 30min chart of bank nifty wave (i), (ii) and (iii) is completed at 31630, 31232 and 37708 respectively and wave (iv) is either completed at 35584 or complete in 35584-35234 range. wave (v) is still pending above 37708. 36180-35234 support range and BN is negative only below 35234.
From 13596 wave (i), (ii) and (iii) is completed at 13773, 13778 and 15257. there is a confusion if wave (3) or (5) is completed at 15257 so we have to depend on the breakeven point which is coming at 14692. So 14908-14692 will be support range as of now but if nifty trades below 14692 then its a negative sign.
From 29687 wave (i), (ii) and (iii) is completed at 31630, 31232 and 36615 respectively. from 36615 may be wave (iv) is started and may complete in 35344-34558 range. so 35344-34558 will be the support range for BN. but if it trades below 34558 then its a negative sign.