NIFTY Opening On 10th April 2023
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…
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…
There is a good probability that the markets MAY have reached a bottom OR are very near the bottom. This is deduced from the fact that there are multiple signs…
As discussed before, the downside can be flat with the C wave coming down. The ending of this wave will signify the culmination of wave IV.Today the markets can again…
Above is the alternative view of Nifty on 27th march 2023. In this, I have taken the whole move down as an ABC wave. The near result is the same…
The markets are oversold on an hourly basis and expect a pullback anytime soon. However, now considering a deeper final cut once the pullback is completed as shown above.
Nifty has either completed the 5 ways up OR is in the process of completing it. Either way, we should see a correction today or tomorrow