NIFTY Opening On 1.05.2023
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 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…
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…
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.…
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…
As mentioned previously, we are in the process of making a bottom. The markets rose following the previous count. Now it MAY come down again to complete wave 5However there…