Tuesday, August 20, 2019

nifty elliottwave analysis 20th aug

Not much has changed from the last post.
NIFTY ELLIOTTWAVE. Lets see present picture.

The above could be a posibility which means we could witness this sdeways move for one or 2 
more trading sessions ,This count holds true as long as lower yellow trendline holds true.

Lets see what could happen if trendline breaks down.

This suggests another abc on and a fall towards 10900 or bit lower can come ,Tomorrow we could 
figure out what pattern plays out :).

Wednesday, August 14, 2019

Nifty elliottwave analysis

Lets look at the nifty count .

The popular count doing rounds is nifty impulsing down.
Check this count .

The fall to me looks complex ,Though the c of Y does show 3rd wave fall conditions (continued falling even in extreme oversold situation),The present situation shows as long as 10900 holds
A high above 11200 looks possible ,The waves are overlapping in this upmove so need to be watchfull,Probably a X wave move is on .Below 10900 a new low looks quite easy .Lets see how the chart behaves .

Monday, August 12, 2019

HDFC BANK elliottwave

Dear friends,
                      HDFC Bank is a super heavyweight in nifty ,Lets see its wave structure.

The stock made a important low below 1900 ,Lets see the wave strcture from 1900.
The structure looks quite clear wavewise,The above chart is self explanatory also the 
3rd wave comes exactly 1.6(1)wave.Wave 3 ended with a ending diagonal .The fall from 2500
is quite sharp ,The fall looks impulsive but i am giving it more time to get confident ,For now 
the gap area near 2350 is stiff resistance ,Only above that i would consider bullish count ,Till then,
lets see how the price behaves and the pattern emerges.

Monday, July 01, 2019

Indusind elliottwave analysis

This bank struggled among other private banks in rally.Ofcouse reason being expousure to stressed assets. The stock has been in range for some time .Lets see its chart.

The above chart shows the triangle possibility as long as 1350 holds the stock has potential to do 1700.Another count with a possibility og ABC correction also shows upside coming .

The above chart shows ABC possibility and right now C on .abc of c iss done and d wave is on which has a resistance at 1550 levels.

So in both cases a rally is seen though different targets. Lets see how chart behaves.