In this blog, we take a look at the past performance of 1 & 4 hour Elliott Wave charts of Nifty. In which our members took advantage of the blue box area
Elliott Wave View: Nifty Looking to Break 2018 High
Nifty is retesting the 2018 high and looking to break above it. This article and video explains the Elliott Wave path and also the alternate view.
Elliott Wave View favoring more upside in NIFTY
NIFTY is showing an incomplete sequence to the upside in the short term, favoring more upside while above 11/26 low (10487.1). Near term, cycle from 10/26 low (10004) remains in progress as a zigzag Elliott Wave structure. Intermediate Wave (A) ended at 10774.7 as 5 waves impulse Elliott Wave structure and Intermediate wave (B) ended […]
Elliott Wave View: Nifty looking to resume rally
Short term Elliott Wave view on Nifty suggests that the decline to 10004 on Oct 26 low ended Primary wave ((2)). This means that Index has ended the selloff which started from Aug 28 high (11760.20). It is currently either in the process of eventually breaking to new high again or at least rallying in […]
Nifty Midcap Index Turned Bearish or Still a Buy?
Nifty Midcap Index has dropped from a high of 5387 to close at 4622.85 on Friday losing 14% in the month of September 2018. In this article, we will take a look at the Elliott Wave view to determine whether Index has found a peak and now turned bearish or at least started a larger […]
Bank Nifty: Will Trouble in Financial Sectors Drag India Stock Market?
Volatility in India stocks spiked higher last week as panic set in the nation’s financial shares and dragging down Bank Nifty and other benchmark Index. Investors confidence remain fragile after the recent default by IL&FS (Infrastructure Leasing & Financial Services). Then last Friday, India’s central bank rejected the tenure extension of Yes Bank’s Chief Executive […]