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dhinesh_kumar

Elliott wave analysis # as expected fall started ??

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Indice Nifty 50 (NSE:NIFTY)  
dhinesh_kumar Aggiornato   
NSE:NIFTY   Indice Nifty 50
Wave Analysis Elliott Wave NIFTY BANKNIFTY nifty50 niftytrend niftyindia niftyanalysis niftybank niftyprediction niftyoutlook
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waveanalysis elliottwaves nifty banknifty nifty50 niftytrend niftyindia niftyanalysis niftybank niftyprediction niftyoutlook
Wave B of (2) completed. Wave C of (2) started its journey.

Invalidate level: Nifty 15700 and Banknifty 35480


Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.

Banknifty update:
snapshot
Commento:
Suppose on Monday if reaches invalidate level (15700 n 35480), next possibility is updated in the below chart.

Nifty
snapshot

BankNifty
snapshot
Commento:
There are only three possibilities:
1) as per analysis (if open below last close and break day low)
2) after some pullback (~ 70%), it should fall as per analysis
3) Sideway correction (here there is chance to break Friday high as irregular correction)

Not seeing any strong up-trend, at-least for next 2-3 days.
Commento:
So far wave formation suggests no big fall. It may be sideway correction.
Commento:
Banknifty updated wave count

snapshot
Commento:
Banknifty from 19th April

snapshot

Idee correlate

dhinesh_kumar
Elliott wave analysis # revised wave count
dhinesh_kumar
Elliott wave analysis # fall on the card ??
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