Technical Analysis
[Video] NIFTY50 Elliott Wave Analysis – Crash Coming or Minor Pullback?
NIFTY50 gave a monthly negative close after a clear 5 wave rise. Does it mean we are going to see a crash or it might be just a regular pullback? In this video, I have covered both alternatives with possible levels to watch out for.
[Video] Elliott Wave Update on NASDAQ – Downside Confirmed?
NASDAQ has finally started giving confirmation of down-move with weekly negative close and a strong bearish engulfing. We might see a pullback in wave 2/B early next week after which down-move should continue. Watch the video for levels and more details.
[Video] Elliott Wave Update on NASDAQ – Expecting Downside
NASDAQ 100 has completed X wave and should now head down towards 17000 in weeks to come.
Reliance has formed H&S. Are Indian markets in process of making a top?
RELIANCE seem to have formed H&S formation. Structure is tilted on the left and has formed over a long period (~10 months). Finally the structure seem to have completed though the price is still trying to bounce from the neckline. Today we have an evening star kind of formation which might push the price towards neckline…
Microsoft seem to have made intermittent top. Expect downside.
MSFT has fallen in 5 waved from the top made in July and in process of retracing that down-move in ABC. The fall from top could be either a larger degree wave 1 or wave A. In both cases, soon wave 3 or C down should start since the wave 2/B has completed 61.8% retracement which…
GOKULAGRO starting major wave 3
NSE:GOKULAGRO seem to have started major wave 3 as per this monthly chart. Wave 3 has already surpassed the wave 1 high. Rarely do we see such clean wave structure. You can see the wave 1 counts, including internal wave counts, very clearly. Stock is trading at 235 right now and as per wave equality…
BEPL monthly breakout with EW counts
Bhansali Engineering Polymers (NSE:BEPL) has given a breakout in monthly chart with decent volumes. This was caught by my breakout scanner. A quick look revealed that this breakout is supported by Elliott Wave counts. Counts marked in green are the primary wave counts in this case. Numerical counts in blue are the internal wave counts…
[Bullish] Long term EW counts for NSE:MBLINFRA
Here is the monthly chart of MBL Infrastructure (NSE:MBLINFRA). It caught my eye due to a large move this month with great volumes. What’s more interesting is that the structure of the stock looks “textbook” example of Elliott Waves. Long term counts are marked in green with a circle around counts. Intermediate counts are in…
NIFTY long term wave counts. Potential downside ahead during May-June this year.
I was reviewing long term EW counts of NIFTY and here is what I think. Overall, I can see potential 2 alternatives and have highlighted them in blue and red respectively. This is a monthly chart. Blue AlternativeLet’s start with blue counts first. Larger degree wave 1 (marked by square blue box) which started from…