NIFTY Opening On 7th Dec 2023 PLEASE READ THE DISCLAIMER IN FOOTNOTE Elliot Wave Analysis is subjective- Different interpretations can be done with the same long term chart . However,…
NIFTY Opening On 6th Dec 2023 Please refer to long term chart given in previous updates , where I have mentioned the triangular formation. There is an overthrow above the…
NIFTY - The wave count points towards a completion of a major segment. In the long term chart given at the top, there are two alternate views. Even in that…
Nifty - If we consider the ending triangle being formed, WITHIN the triangle we have more upside remaining , but not before a 100-200 point correction as shown. The final…
Nifty - The current impulse wave seems to be extending. How much will it extend? Many probabilities in this. However one MUST consider the formation of an ending triangle which…
Nifty - Whether an impulse OR a corrective, we will come to know soon enough. For current , 2nd chart needs to be observed. Upside seen in immediate to move…
NIFTY - Until proven otherwise, still considering a three wave move up with wave C near completion as shown above.
Nifty - To explain the above chart, we need to look at 3 aspects1. The markets are overbought (Although markets can remain in overbought/oversold territory for long time. So should…
NIFTY Opening On 21st Nov 2023 BEFORE considering a full impulse, we must consider an X wave as marked above. In that CONTEXT, we can rise as shown above before…
Nifty - The minute 5th wave extended. Markets in overbought territory. However further extension cannot be ruled out, which we can only come to know in intraday.Given the best plausible…
NIFTY - As discussed earlier, we in all probability , are completing the triangle shown above which can be EITHER a 1. Culminating triangleOR2. Wave 1 of a 5th cycle…
Nifty - I have given both the long term (the 1st chart) and the short term (the 2nd chart) above.In the earlier analysis , I had discussed the EXPECTED pullback…