NIFTY Opening On 19th April 2023
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…
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.…
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…
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…
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…
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
As expected the NIFTY rose as part of an expanded flat with wave c NOW in the process of finishing. It can either move sideways for a day or two…