NIFTY Opening On 18th April
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…
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…
We may have completed the 1st in the series of forthcoming IMPULSE waves and now should correct as shown above before resumption of the bull run. Below is a small…
We have completed one pattern on the downward side at the point marked "Z" in the chart above. Subsequently, we pushed upward and now are nearly 600 points above the…
Considering recent price action, we must consider the POSSIBLE completion of correction at the last low. HOWEVER please see my last article dated 18th march 2023 "Character of 4th and…
I have taken the ongoing upmove as a supercycle wave where wave 1 of the ongoing supercycle wave (III) is in progress. In the short term foresee a correction and…
In my previous post I had mentioned the possible bottoming out. In this regard I had explained the construct of an expanded triangle.(Given in orange in above figure) Had also…