🧠 Chart Summary & Multi-Timeframe Elliott Wave Analysis
🔹 Chart 1 (Left – Weekly View):
Nifty completed an A-B-C corrective structure, where wave B has peaked. We now expect a long-term impulsive C wave downward, targeting below wave A’s low (~22,000).
🔹 Chart 2 (Middle – Daily Zoomed View):
This zoom-in decodes wave B as its own internal A-B-C structure, now seemingly completed. This implies that the recent rally was corrective and has likely ended.
🔹 Chart 3 (Right – 1 Hour View):
Here, we see the microstructure of wave C, forming a clear 5-wave impulsive pattern. Currently, Nifty appears to be topping out at wave 5, with weakening momentum.
🚨 Bearish Outlook Ahead:
Top formation expected at current levels, possibly with a double top or rising wedge.
Breakdown of local trendline or support will confirm the start of macro C wave.
Projected Target Zone: Below 22,000 (end of Wave A from Weekly Chart).
Watch for reversal candles + divergence confirmation for early entry.
⚠️ What to Watch:
1. Reversal patterns at the current resistance.
2. Breakdown confirmation on lower timeframes.
3. Manage stop losses strictly above recent swing highs.
Disclaimer:
This is a technical analysis-based view meant for educational purposes only. Please consult your financial advisor before taking any trading decision. Risk management is crucial — trade responsibly.
🔹 Chart 1 (Left – Weekly View):
Nifty completed an A-B-C corrective structure, where wave B has peaked. We now expect a long-term impulsive C wave downward, targeting below wave A’s low (~22,000).
🔹 Chart 2 (Middle – Daily Zoomed View):
This zoom-in decodes wave B as its own internal A-B-C structure, now seemingly completed. This implies that the recent rally was corrective and has likely ended.
🔹 Chart 3 (Right – 1 Hour View):
Here, we see the microstructure of wave C, forming a clear 5-wave impulsive pattern. Currently, Nifty appears to be topping out at wave 5, with weakening momentum.
🚨 Bearish Outlook Ahead:
Top formation expected at current levels, possibly with a double top or rising wedge.
Breakdown of local trendline or support will confirm the start of macro C wave.
Projected Target Zone: Below 22,000 (end of Wave A from Weekly Chart).
Watch for reversal candles + divergence confirmation for early entry.
⚠️ What to Watch:
1. Reversal patterns at the current resistance.
2. Breakdown confirmation on lower timeframes.
3. Manage stop losses strictly above recent swing highs.
Disclaimer:
This is a technical analysis-based view meant for educational purposes only. Please consult your financial advisor before taking any trading decision. Risk management is crucial — trade responsibly.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.