nikhilnbr

nikhilnbr

Expecting the Dollar Index to continue its upward trend.

nikhilnbr

Amazon is anticipated to be in wave 5 of primary degree, nearing its conclusion. A potential decline from the current market price to the range of 115 - 100 is expected.

nikhilnbr

Amazon is near the end of a major rally cycle. We're currently in wave 5 of cycle degree, within wave 5 of primary degree. Anticipating a decline to a range of 90 - 70 once wave 5 of cycle degree is complete.

nikhilnbr

The NASDAQ appears to be following Elliott Wave Theory, where it's currently situated in what's projected to be Wave 5 of Primary Degree. Within this wave, it's believed to be in Wave 3, which typically signifies a strong upward movement in prices we are seeing now. This suggests that we may see a bit more upward momentum in the NASDAQ before a correction phase...

nikhilnbr

Anticipating Tesla to reach 320 within Wave V. In Elliott Wave Theory, the concept of "Wave V" represents the final major move in a five-wave sequence. It is usually the wave that follows after Wave IV, and it often leads to the end of a significant trend. In the case of Tesla stock (TSLA), anticipate it to reach 320 within Wave V.

nikhilnbr

Anticipating that Banknifty will decline further before it resumes its upward rally.

nikhilnbr

I think we are in wave 3 and should be waiting for wave3

nikhilnbr

I think we are in wave 3 of wave 5 of wave 5. as wave 2 looks like zigzag expect a flat or complex correction in wave 4. For a short period of time market seems to be bullish.

nikhilnbr

I think banknifty is in wave 5 of larger degree. There are other counts possible like wave 2 become wave A and wave 3,4&5 combined becomes wave B but then also wave C is a fall to the level of wave 2. But the probability for the count shown in the picture has more chance to happen. Then it also looks like wedge pattern where the price might overshoot the upper...

nikhilnbr

banknifty is in wave 5 wave 1 & 2 of wave 5 is completed wave 3 is underway

nikhilnbr

Can be impulsive wave down or it can be ABC correction down

nikhilnbr

expecting a correction of the impulsive wave near the wave 4 and it may be sideways for tomorrow and for expiry

nikhilnbr

Have to wait to see whether last ABC correction was not the first leg of triangle as the probability of the last correction of triple combo to be triangle is high.

nikhilnbr

Third corrective wave is underway and it is very difficult to say what it is it look like zigzag but only tomorrow market action will convey what it is

nikhilnbr

Double zigzag is completed and have to watch next market action to see whether it is forming a wave x for triple correction or an impulsive move down

nikhilnbr

The B wave move does not have characteristic of an impulsive like alternation between wave 2 & 4, so this probably will be a complex correction double or triple.

nikhilnbr

have to see tomorrow market to see whether it will be a B zigzag or Impulsive higher chance it will be zigzag and if B is zigzag then we will see impulsive wave C downside

nikhilnbr

it can be start of new impulsive move down or corrective wave A of zizzag of one degree larger wave 4 have to wait for completion of C wave and see what market will do