NIFTY Opening On 25th April 2023
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…
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…
In my last update, I mentioned the POSSIBLE completion of correction at wave 'Z'. I had also marked this point as wave IV and the likelihood of wave V commencing…
We may be having a 1-2 1-2 formation where the SECOND wave 2 is just completing or near completion. Then we should have the downward move resume again. REGARDING OVERLAPPING…
The previous trading day showed a corrective upwards. Now the downward move should resume, Is this part of a LARGER wave 3 or just a 5-wave move downwards ending as…
NIFTY - Correction is overdue by conventional indicators as overbought on both a daily and hourly basis. Elliot's count can extend on the 3rd wave but shows signs of weakness.…
Wave 3 Nifty has extended as shown. Extensions CAN occur in wave 3's. A lot of overlapping at present levels, with markets being egged on by short covering. Correction should…
NIFTY Overbought both on an hourly and daily basis. Elliot wave count shows the completion of minor wave 3 and we should correct it from somewhere here.The correction when it…
Gold May have finished its correction into wave 4 or we may be still into wave 4 and correct it as a double zigzag. Above I have given an image…
Wave 3 is now overdue for completion and we should be correcting it anytime soon as shown. However, Wave 5 when it comes should extend, taking us near/beyond 18000 as…
Elliott Wave Theory and traditional indicators are two different approaches used in technical analysis to analyze financial markets, including stocks, forex, and commodities. Both have their uses but have limitations…