chirag_Khasiya

chirag_Khasiya

In this daily chart it seems wave (1), (2), (3) and (4) is completed and wave (5) is in progress from 10790. 38% and 61% projection of wave (5) is already achieved so its in extended zone. Maximum level 100% is coming at 15096 which is rare case. From 10790 wave (i), (ii), (iii) and (iv) is completed and projection of wave (v) is coming at 14272-14977 range and...

chirag_Khasiya

If we are right at identifying pattern then Banknifty should retrace from wave (4) in 30907-30628 range without breaking above 31454. And 30907-30628 is also support range.

chirag_Khasiya

Gaps indicates that wave (3) started from 13192 is running and wave (4) is pending. from 13192 nifty not even retraced 23%. So as of now 13784-13671 is retracement range for wave (4). But if nifty trades below 13671 then we have to recheck our wave count.

04:41

chirag_Khasiya

NIfty And Bank Nifty Elliott wave analysis in hindi. If you are not comfortable with hindi then kindly read important points mentioned in charts. Thanks for watching

06:55

chirag_Khasiya

Nifty and Bank Nifty Elliott wave analysis

chirag_Khasiya

In this 2hour chart of bank nifty from 20405 wave (a or i), (b or ii) and (c or iii) is completed at 24823, 23613 and 30945 respectively. 29214-28144 is support range for wave (iv) and if BN trades below 28144 then only bigger decline is possible.

chirag_Khasiya

In 2hour chart from 10790 wave (a or i), (b or ii) and (c or iii) is completed at 12025, 11535 and 13777 respectively. support range(retracement range for wave (iv)) is coming at 13252-12926. If nifty trades below 12926 then only bigger decline is possible.

06:09

chirag_Khasiya

Hello Friends, For the first time I am trying to make idea in form of video and looking for positive response from your side. Thanks

chirag_Khasiya

30511-30251 is support range for Bank Nifty and will consider negative only if trades below 30251. wave 5 projection from 30374 is coming at 31145-31619 range.

chirag_Khasiya

Nifty 15min chart suggest from 13402 wave 1, 2, 3 are completed at 13597, 13447, and 13773 respectively. If wave 4 also completed at 13658 then wave 5 projection range is 13800-13887 but if wave 4 is still running then 13696-13648 is support range in which wave 4 can complete and then 5 will start. Nifty will be negative if trades below 13648. Overall 13800-13887...

chirag_Khasiya

Nifty already achieved its minimum projection. Now we need to see the bounce from 13402 to find out reversal range.

chirag_Khasiya

In MGL daily chart once it close above 1100 it can achieve 1226-1331 range in quick time. --> Let the breakout happen --> 1023-976 is immediate support range

chirag_Khasiya

ZEE daily chart showing break out with volume. It can easily achieve 267-290 levels in coming sessions. 222-214 is immediate support range so SL for long should be 213.

chirag_Khasiya

In Bank nifty 30min chart from 28923 wave (i), (ii), (iii) and (iv) is completed and wave (v) is started from 30328. 31049-31495 is the projection range for wave (v) and 30419-30176 is support range. Bank nifty if trades below 30176 then only negative.

chirag_Khasiya

In this 30min chart wave v started from 12790 is in progress in which wave (i), (ii), (iii) and (iv) is may be completed and wave (v) has started from 13402. 13704-13890 is projection range for wave (v). 13422-13325 is an immediate support range which was retracement range of wave (iv). Nifty negative only below 13325.

chirag_Khasiya

In this 2hour chart from 10790 wave (a or i) and wave (b or ii) is completed at 12025 and 11535 respectively. In (c or iii) wave i, ii, iii and iv is completed and wave v is also achieved its minimum projection of 38% and 61% is coming at 13785. 13097-12798 is an immediate support range as of now.

chirag_Khasiya

30198-30540 is an immediate resistance range for Banknifty. And if banknifty breaks 30540 level then upside move will continue.

chirag_Khasiya

In this 1hour chart of Banknifty wave (c or iii) started from 23613. And in this wave (i), (ii), (iii) and (iv) is completed at 25773, 25142, 29031 and 27703 respectively. wave (v) is completed at 29784 OR running as Ending Diagonal. In short if Bank nifty has to fall then it should not cross 30540. Even if it touches 30541 then we will see much higher...