snazre

snazre

Current levels are going to be supported for a very a short term in bank nifty. This phase may appear as trend reversal but it is not. The downside move is quit big and expected termination of top side is around 35543 price level or lesser depends on tomorrow’s market action. This expiry trading on either side (long / short) may not be fruitful. But a big...

snazre

Banknifty is in second wave of correction since start which is a running triangle in progress with formation (:3:3:3:3:3) which till my previous analysis posted on forum was a b wave of running flat (:3:3:5) formation in second wave. The complete formation is a three wave correction with first wave plotted only for purpose of understanding, as the chart...

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Running Flat formation in progress as per Elliot wave analysis wherein b wave is very large in comparison to wave a and wave c does not get in wave a price area. A wave:3 and B wave :3 are complete and currently c wave : 5 is in formation with market being in 2 wave of wave c. The colored lines are projected completion of wave 2,3,4 and 5 of wave C and twill ...

snazre

Running flat is an Elliott wave formation wherein c wave is short and does not even get in wave a price area of running flat. Assumption: Bank nifty chart has wave 1 hidden as india markert started with Wave 2 and what is forming is a b wave of complex running flat with 5 corrective Waves marked in yellow colors are part of triangle forming in wave...

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Elliott wave running flat formation in bank nifty ( study as per Glenn Neely)

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Analysis is done using combination of Elliott wave analysis / Tom demark sequential analysis. This week market should reach its top. The phase of market for next week onwards is expected to be complex with market in retracement phase of the rally that is currently in progress from 11800. This retracement may be last of major retracement for long time and best...

snazre

Elongated flat forming with b wave completing around 10:15 am. C wave will retrace atleast 1.61 which is 10030. Please do not trade on upside . This analysis is based on my understanding and for education purpose only.

snazre

NIFTY is in final stages of bounce after covid fall and major reversal expected around 10300 - 10400 in nifty. This should complete by end of next week or fortnight max after which a reversal expected to start which should go till 7500 in 2 months time approx This analysis is based on Elliott wave analysis. What is forming is a Running Flat on long term basis...

snazre

Bank NIFTY is in C wave of diagonal triangle forming. The structure of the elliot wave understood is also given for better understanding. Tommorow should be range bound day for most of the day with big view in later half of the day.

snazre

Bank nifty forming diagonal triangle in last segment of flat forming in e wave at weekly level. The targets are revised based on last two day moves.

snazre

Note Elliot Flat Pattern formation ( type b failure) with b wave retracing .707 of a wave. This is a 3:3:5 structure and currently we are in second last segment (4) of 5 wave structure which is corrective and not impulsive. Mentioned below is the breakup of 4th segment forming in C wave which is a 5 wave pattern. This segment is also a flat formation...

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Flat ( b wave failure) forming in bank nifty.

snazre

Nifty is nearing completion of C wave and initiation of d wave. The length of d wave equals length of largest segment of triangle forming as last segment of c wave ( wave b) which is a double combination and will complete somewhere around present levels. I am of the opinion that 11500 to be reached in January.

snazre

diagonal triangle in 5th wave

snazre

1. Diagonal triangle forming in 5th wave of terminal impulse 2. Wave 5 is a diagonal triangle and currently in e wave formation which is longest of all the waves 3. E wave of Wave 5 is a triple combination correction ( as per elliott waves) with last combination being a triangle formation ( wave b) in progress 4. The entire wave is a segment of triangle and not...

snazre

WAVE C OF FLAT FORMING IN NIFTY is nearing its end today and the fall may start from tomorrow or latest by Monday.

snazre

The terminal impulse which started 21 days back in nifty has completed and the low of 10040 in Nifty expected to be crossed in next 10 days and hopefully before expiry of Nov contracts. My analysis in continuation to my last 2 posts is available for your information.

snazre

TRIANGLE FORMING IN 5TH WAVE WITH 5TH WAVE AS EXTENSION