I have been sharing daily Elliott Wave analysis of NIFTY50 index on YouTube since last 1 month or so,. It doesn’t make sense for me to share the same as a post on the blog daily hence I have created a YouTube playlist of the daily analysis that you can see on the right section…
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NIFTY is making a bounce after a clean 5 waves down in daily chart which indicates there is likely going to be another set of 5 waves down in 3 or C, depending on how we treat the first 5 waves down (1 or A). Watch the videos for important levels to watch out for.
#nifty50 has formed a 5 wave decline in daily chart which is an indication of the trend of changing from up to downside. Depending on how this move unfolds, check out the potential targets for this move in the video.
S&P 500 fell nearly 2.5% on Friday last week (28th March) and on Monday, we saw a bullish piercing candlestick. However, it doesn’t look like that this bullish move would sustain and its likely S&P 500 would resume its downside soon. Watch the video to understand the reasons for the same.
I see two major possibilities in NIFTY50 from Elliott Wave perspective, marked in red and blue. As per blue counts, B of ABC down was done at 24857.75 and we are in C down. The down-move in C so far was corrective W (internally WXYXZ, or triple zigzag) so the bounce this week should be…
NIFTY seem to have started wave C of ABC down. At the minimum, we should be looking at 23000 target which is 61.8% of wave A. 78.6% and 100% (equality) are around 225000 and 22000 respectively. Having said that, wave C might evolve differently though the trend should remain down largely from here. Expecting all…
Bitcoin saw a negative daily close yesterday. With that, its fair to assume wave 4 down may have started and 100K will have to wait till wave 4 is done. Previous degree wave 4 was around 88K so that’s a potential target for ongoing wave 4 and 38.2% retracement which is common for wave 4…