Monday, August 26, 2019
Nifty elliottwave analysis 26th aug
Nifty had a very volatile move since my last post.
Lets see the currect structure.It did a abc fall ,The second option i discussed ,
But yes the c went and made a new low ,Making a elliottwave structure namely
expanded flat.
This pattern suggests higher levels for nifty ,Inbetween dips can come but ,This pattern suggests a
retest of 11200 atleast .Lets see how the price behaves.
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 .
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