KardamRishi

KardamRishi Updated 

NIFTY - SHORT TERM AND LONG TERM WAVE COUNT AND TREND About short term trend and counts Right now Nifty index is unfolding minor wave iv as i projected in my previous post price can kiss 40HEMA or will take support at 38.2% of 50% of Fibonacci retracement level. and after general parliamentary election high probabilities of unfolding minor wave - v, kindly note...

KardamRishi Updated 

Nifty Index - Daily Chart Trend - short term up After achieving wave 3 of 5 target its look like nifty index unfolding iv of 5th wave 4th wave targets are in white Fibonacci - and wave v of 5 is in Yellow color Trail your sl with ATR or with 20 DEMA Regards

KardamRishi Updated 

Skewed Triangle If a very strong trend takes place, we could face a Skewed Triangle, its wave D is longer than wave B. So. It’s the only type of triangle, which has a direction towards the main trend. This pattern is rare and we should mark it as the last possible scenario. The following Nifty 50 chart represents a Skewed Triangle, which pushed the price higher...

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Thanks for supporting me here Nifty 50 Daily and intermediate both retrecment levels i am posting Yellow - intermediate Pink - Daily

KardamRishi

78.6% retracement level will be the Important level. 17760 now act as resistance

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Nifty wave count update As soon as the channel was broken, it seemed that wave 4 had started. But when it went out of bounds and started going down again without starting wave 5, the picture became clear that this was not an impulsive wave. It did not follow the essential rules of Wave 4. ABCDE this triangle is being formed. The trend line has been drawn to...

KardamRishi

Its really lethargic now . may be due to tommoros expiry . after expiry picture will be more clear

KardamRishi

Hello Traders, wave i-ii-iii of wave (3) is done and wave iv is possibly unfolding. wave v - (4) - (5) is still pending which should push nifty index higher above the previous swing high of 18184.

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Hello friends, After C truncation - impulse started and yesterday we got 1 more confirmation of channel breaking. Here I am posting approximate target of all impulse waves - it is not definite it is approximate spot nifty entry 18049 stop loss 17870 exit value 180404.85 Wave 1 = 10 hourly candles from 17761 to 18049 Wave 2 = 6.2 candles 17870 wave 3 = 16...

KardamRishi Updated 

Nifty Elliot Wave Analysis Channel broke in todays session - Impulsive wave started Yet previous swing high not broken this is 2023 's first impulsive wave of market

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Look like the trend has changed the high of the previous swing is yet to be broken

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Elliot wave counts from July 2022 to January 2023 Reversal expecting in next leg wait for clear reversal - positive close - channel break etc.

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61.80% of full fall SL some points above 100% or set it as per your trading style

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Nifty Contracting Triangle Short term trend - up If 11th oct low break - go for short

KardamRishi Updated 

Shorted exactly on 50% of retracement Stop loss 61.80% Target is 127% of wave 5 of C

KardamRishi

Updated Count and Extension level - other update posted on my first post attached below

KardamRishi Updated 

Nifty Short term - Up trend Recent high 17429 made us change the wave count. Expecting pull back towards 61.80% retracement of the entire fall i.e. 17580.