NIFTY Opening On 4th May 2023
I have given two charts above. The 1st one is the current RECENT price action and the second is a bird's eye view of the impulse wave which commenced from…
I have given two charts above. The 1st one is the current RECENT price action and the second is a bird's eye view of the impulse wave which commenced from…
Markets have taken a pause at current levels and SEEM has completed 5 waves of smaller degrees. I have drawn the Fibonacci ratios at all relevant points on the chart…
Gold , as stated earlier is on a bull run (notwithstanding intermittent corrections). As per above count we have the wave 5 probably extending , as indicated by the subwaves.…
I have changed the wave count to allign with the recent price action. The overall bullish scenerio remains the same.I have shifted the position of "Z" as the current price…
Technical Analysis can be broadly divided into two categories, "Trend and momentum following indicators""Predicting with repeated patterns (Elliot Wave )"The 1st one has a huge inventory of indicators. The technical…
In my previous analysis , I had mentioned the possibility of wave 3 and wave 5 extending, (both on smaller and larger degree). I had also stated the possibility of…
In my last Nifty analysis, I mentioned that wave 5 on a smaller scale is showing signs of extending. I had also shown the extent to which it can rise.…
Nifty took a correction but rose again with a smaller impulse showing not ready to give up. Markets are overbought both on hourly and daily time frames. Considering "minor" waves…
Nifty - I have marked as wave "x" the last upswing, as giving an indication of a double (triple zigzag?) In case it is we should correct as above and…
In my previous Nifty analysis, I mentioned the possibility of markets having made a bottom or very close to the bottom. Markets rose as expected and now we are somewhere…
Presently the markets seem to be stuck at around 17600 or so. I have marked, in yellow rectangles levels of "FIBBONACCI RESISTANCE" and SUPPORTAt times the markets may not give…
Nifty - Markets are in the process of completing an expanded triangle, where the last leg of wave "e" is on. The culmination of this triangle will mark the completion…