Markets may test the upper boundary of the expanded triangle abcde. This happens frequently but is not a norm. Presently big possibility of same. Therefore we MAY see another rise…
Markets in all probability now correcting the full impulse wave which commenced from low of 16835 and completed at 18345. This correction as mentioned earlier can be from 25 to…
Friday's price action marked a PAUSE. The basic analytical structure remains the same. Markets may move up as shown above but the DOWNSIDE is open for the MAIN correction of…
The 5th wave was further extended yesterday PROBABLY due to short covering. The market is definitely overbought both on an hourly and daily basis.Timing the 5th wave in Elliott Wave…
I have given two charts above. The 1st one is the current RECENT price action and the second is a bird's eye view of the impulse wave which commenced from…
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.…
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…
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…
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.…
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…