NIFTY Opening On 10th May 2023
Markets in all probability now correcting the full impulse wave which commenced from low of 16835 and completed at 18345. This correction as mentioned earlier can be from 25 to…
Markets in all probability now correcting the full impulse wave which commenced from low of 16835 and completed at 18345. This correction as mentioned earlier can be from 25 to…
As mentioned in my last analysis on Nasdaq, the bottom was already made in Nasdaq for the ensuing bullish cycle wave V. However like always we need to keep a…
Friday's price action marked a PAUSE. The basic analytical structure remains the same. Markets may move up as shown above but the DOWNSIDE is open for the MAIN correction of…
The 5th wave was further extended yesterday PROBABLY due to short covering. The market is definitely overbought both on an hourly and daily basis.Timing the 5th wave in Elliott Wave…
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…