Nifty is not done yet as per this count and there's clearly more upside to be seen in coming weeks. Alternatively an expanded flat in red wave iV cannot be ruled out for now, which however would still lead to more upside later. I will update the chart as it develops further. Thanks for reading!
Hello everyone, Nifty is about to complete its current wave1 impulse. correction will start to complete wave2, first target is 18030. Note: we have shared this info for education purpose only, not a recommendation, we are not responsible for your profits or losses, always trade with your own risk.
-Nifty today gave strong bounce from 78% levels Expecting wave 2 bottom here & wave 3 first target is around 17600 zone Also as wave 2 was retraced more than 38% we can expect wave 3 to be extended i am expecting around 127% but that's our 2nd target This analysis get invalidated if nifty breaks 16750.
-As discussed in last Idea 17161 was our target & now looks like market can fall further, our target was achieved so no clear path right now -as of now cannot tell how much further it can fall according to elliott waves but 16800 is good support, i am expecting market to take support there & start fresh wave cycle from there -we should wait for some days as soon...
-Nifty gave further confirmation of wave C after my last post & now heading to cross 17255 zone which is also 100% level -As discussed in last post wave C generally retraces to 100% - 130% in most of the cases -markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started -safe players can exit theirs...
Looking at the current market condition it is very clear that the top of wave B is completed here & also today big red candle gave us the indication that it is going for the wave C -in the downside wave C projects minimum around 61% so first target would be 17511 which is minimum projection & after that it can retrace till 100% (17257) - 127%...
#Nifty is folding exactly what we discussed in our previous analysis attached below. Our organisation Traders Mantra predicted that Nifty should breach the last low of 15671 on the daily timeframe. The idea behind the analysis was that the move to the upside from 15671 to 18114 Nifty was purely corrective. It was not an impulse. Now, what's ahead? The...
NIFTY has been very supportive of the Elliott wave analysis. #Nifty 50 is the main index for the Indian markets. With the weightage of the most valuable stocks like Reliance, HDFC Bank, TSC, INFY and many more, the mass psychology of the index becomes much smoother than other stocks and indices. Let's see how the Elliott wave reacted to the Nifty as you can...
Dear Traders , Elliott baba has now predicted NIFTY next Move for 2021 last day trading session that is 31st Dec . Now we are witnessing market is being range bound from last 2,3 sessions bw 17250 - 17162 . Now the time to predict tomorrow move . as you all can see the IMage where its clearly showing market is forming B wave of correction wave B . Now its taking...