Tagged: Elliott wave
- 2nd July 2020 at 8:17 pm #220299
NEGATIVE DIVERGENCE IN HOURLY CHART (MACD),BE CAUTIOUS WITH LONG POSITION IN NIFTY,POSSIBLE TARGETS ARE 10652/10695/10722/10740/10760
- 3rd July 2020 at 4:40 am #220336
WAVE a =7511-9039 (1528 points)
WAVE b =9039-8056 (983 points)
WAVE c =8056-9889 (1833 points)
WAVE d =9889-8807 (1082 points)
WAVE e (equals WAVE c)=8807+1833=10640
WAVE f (equals WAVE b)=10640-983 =9657
WAVE g (equals WAVE a)=9657+1528=11185
- 8th July 2020 at 6:28 pm #221321
wave e has taken a lot more time and complexity and so looks unlikely as of now
- 23rd July 2020 at 4:53 am #225859
NIFTY AT TRENDLINE RESISTANCE,CAUTION ADVICED ON LONGS
- 23rd July 2020 at 5:28 am #225860
- 23rd July 2020 at 5:29 am #225861
- 23rd July 2020 at 7:50 pm #225984
I think the Nifty is nearing its diametric wave pattern , wave g probably extending till 11270 or so. just grinding higher with the generous help of Reliance Industries , which also is nearing it’s target of 2140. Once wave g is over , in the form of wave B , a reversal sign is what I have been waiting, as frankly speaking I was not in the game of wave B (from 7511 to 11225 till now) not interested to be in at this point of time , to ride a few points on the upside. Rather I am eagerly awaiting start of Wave C on the down side , which will be much easier to ride on the down side. Targets can be estimated for Wave C , once Wave B is complete and reverses from the top . But surely it is going to break the low of 7511. I hope all other members to ponder over and are free to offer their views . As I know one thing : we can only estimate from our chart readings , we may or may not be correct, some times market may behave differently.
- 25th July 2020 at 4:26 am #226381
- 25th July 2020 at 4:27 am #226382
- 25th July 2020 at 11:31 am #226418
Sanjay M SHAH
My technical study of NIFTY on the basis of ELLIOT WAVES.
Targets subject to 11037 NOT being broken!!
I read the present chart to be a minute 4th wave, and we are in WAVE E of an ABCDE(contracting triangle), for which I expect the following
Yellow line = Mon tgt 11134
Brown line = 1st tgt 11406 (by 28thjul)
Green line = 2nd tgt 11509 (~30th jul)
Would love a critique of my interpretation.
- 4th August 2020 at 8:04 pm #228442
NIFTY TOOK SUPPORT AT TRENDLINE WITH POSSIBLE TARGET OF 11536
- 4th August 2020 at 8:05 pm #228443