Elliott Wave Theory

[SaravananKS]

Nifty 1H

The market has traced out a leading diagonal bottom from the lows of 6800 which implies that the low is in place .

In March , the market had an unrelenting rally forming a wave 1 or A , so this month we might see a corrective move in wave 2.

Nifty 15M

The 15 Min chart shows a five wave decline from yesterdays top implying that the correction is underway .

May I know How you concluded that wave V of a ending diagonal finished on yesterday high ?

 

[WaveSurfer]

May I know How you concluded that wave V of a ending diagonal finished on yesterday high ?

Bearish divergence on the hourly followed by a 5 wave decline from the top on 15 minute chart.

Here is another perspective when an up-trendline acts as resistance .

 

[praveen taneja]

Bearish divergence on the hourly followed by a 5 wave decline from the top on 15 minute chart.

Bro abhi bhi puts pe ho kya
till 5th march no TA is going to work when FII buying 4000+ crores in cash market in this market only one system is going to work now for few days and that is TUKKA ANALYSIS:rofl::rofl:
Jai Ram JI KI

 

[WaveSurfer]

Bro abhi bhi puts pe ho kya
till 5th march no TA is going to work when FII buying 4000+ crores in cash market in this market only one system is going to work now for few days and that is TUKKA ANALYSIS:rofl::rofl:
Jai Ram JI KI

Taneja ji , got royally screwed on my puts
Now i think , i should have better followed your tukka analysis rather than this wave theory.:thumb:

 

[timepass]

BNF please

 

[praveen taneja]

BN looks looking towards 165** or even 170** level till tuesday wed
Jai Ram JI KI

 

[WaveSurfer]

BNF please

BNF 1H

Looks like in the last legs of an ending diagonal

 

[SaravananKS]

My View on Bank Nifty

After completion of this ending diagonal I expect a fall to 15200

 

[timepass]

Hourly or monthly, it looks like a megafone candlestick pattern.

 

[SaravananKS]

Hourly or monthly, it looks like a megafone candlestick pattern.

Though It looks like Good Short setup with Great Reward to Risk Ratio
I Personally avoid Short now as we have Big RBI Event