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Niftyelliottwaveanalysis

Nifty Wave C continues on Daily chart-As discussed in last Idea 17161 was our target & now looks like market can fall further, our target was achieved so no clear path right now -as of now cannot tell how much further it can fall according to elliott waves but 16800 is good support, i am expecting market to take support there & start fresh wave cycle from there -we should wait for some days as soon as we see some indication of initial wave 1 & after that we can long & new wave cycle will begin from there Thank you
NSE:NIFTY
by mr5476
1
Nifty wave C 80% completed & heading towards 17255 - 17161-Nifty gave further confirmation of wave C after my last post & now heading to cross 17255 zone which is also 100% level -As discussed in last post wave C generally retraces to 100% - 130% in most of the cases -markets can fall further too after crossing 100% - 130% zone but 17161 is strong support from where wave 4 was started -safe players can exit theirs positions after 100% level is crossed or book 90% of profits with strict stop loss around 17300 zone (in case anything goes against us) & trail till 17161 - 17100 -After that we can expect new wave cycle from there but we will discuss it when the time comes Hope this idea was helpful & good learning experience
NSE:NIFTYShort
by mr5476
Nifty fall till 17500 Levels | Wave C confirmed on Daily chartLooking at the current market condition it is very clear that the top of wave B is completed here & also today big red candle gave us the indication that it is going for the wave C -in the downside wave C projects minimum around 61% so first target would be 17511 which is minimum projection & after that it can retrace till 100% (17257) - 127% (17100) -Yesterday's analysis of wave 5 on 15 min chart was invalidated & ABC correction is formed -Form now on till the wave C is completed i am bearish on market & after that we will see new waves which will target All time High & will drive markets to new highs hopefully :) *This theory gets invalidated if today's high is broken* Ideas for profits which i am considering : one can buy OTM puts for the next month expiry & square of positions when targets are archived on the spot chart Disclaimer : this is not recommendation or tips this is my personal view for the markets & i am not SEBI registered analyst.
NSE:NIFTYShort
by mr5476
Nifty following Elliott wave pattern#Nifty is folding exactly what we discussed in our previous analysis attached below. Our organisation Traders Mantra predicted that Nifty should breach the last low of 15671 on the daily timeframe. The idea behind the analysis was that the move to the upside from 15671 to 18114 Nifty was purely corrective. It was not an impulse. Now, what's ahead? The move from the top 18114 is folding into wxy as shown in the chart. The relation of w and y can be as follow If w = y, the Nifty will make its bottom near 14600 If w = y*0.786, the Nifty will make bottom near 15000 If w = y*0.618, the Nifty will make bottom near 15400 Also, the three of the prediction comes under the previous fourth of the last Impulse. The next target is a minimum of the all-time high of nifty and will be analysed as the price will make its chart.
NSE:NIFTYLong
by tradersmantra
#Nifty50 Elliott wave count with all rules and guidelinesNIFTY has been very supportive of the Elliott wave analysis. #Nifty 50 is the main index for the Indian markets. With the weightage of the most valuable stocks like Reliance, HDFC Bank, TSC, INFY and many more, the mass psychology of the index becomes much smoother than other stocks and indices. Let's see how the Elliott wave reacted to the Nifty as you can have a look at the Elliott wave counts. Note: I am associated with these counts from 25 Sept 2020, because that was the time I found that Nifty is making 1,2,I,ii as an extension. After that, Nifty folded herself very nicely with the Fibonacci relation and RSI divergence. MASS PSYCHOLOGY Also, 20th of April when the bottom of the complex 4th correction was made, the news of BLACK FUNGUS was at its peak. Near the 19th of October 2021, it was all over the news and Twitter that Nifty rallied near Diwali till Christmas from the last 10 years. Now, Let's see a few Rules and Guidelines on which Nifty has been very supportive. RULES AND GUIDELINES OF ELLIOTT WAVE PRINCIPLE ON NIFTY 50 Wave 2 - Zigzag wave ii - Zigzag Wave 4 - Complex correction Wave iv - Complex correction Every retracement of Impulse penetrated wave 4. Wave 3 = 2.618 of Wave 1 Wave i = wave v (33%) Wave iii the middle impulse is the longest and sharpest RSI Divergence on almost every end of an impulse in an hour TF. Thanks Traders Mantra
NSE:NIFTYLong
by tradersmantra
Nifty31st Dec 2021 Elliot Wave AnalysisDear Traders , Elliott baba has now predicted NIFTY next Move for 2021 last day trading session that is 31st Dec . Now we are witnessing market is being range bound from last 2,3 sessions bw 17250 - 17162 . Now the time to predict tomorrow move . as you all can see the IMage where its clearly showing market is forming B wave of correction wave B . Now its taking much time to completing it . so the level for tommorow is . for upside TGT -17250 ---------------------- if cross below 17050 16970,16820,16700,16400 my overall prediction is tomorrow we will see downtrend in NIFTY .
NSE:NIFTYShort
by Elliottbaba
1