nifty elliott wave [ ROAD MAP]

nifty elliott wave

in my last post i have posted extension wave with 1-2,i-ii but due to technical fault i haven't uploaded such information.

http://asianmarketsforecast.blogspot.in/2013/03/nifty-elliott-wave.html

for completing wave structure-  wave 1 which was labeled with extension mark for that extension nifty has to go below 5548. than the count for wave 3 extension  can be countable.if wave ii of extension wave will not fall below 5548 than wave 3 will be countable as 5th wave extension for wave 3.

BELOW PICTURE WILL SHOWS THE ROAD MAP OF NIFTY

[compare with last forecast or nifty chart........]

nifty elliott wave extension

nifty elliott wave forecast :

high possibility of big wave. current rally from 5660 to 5953 show 5 wave up less possibility of alternative A-B-C. in larger degree wave is in extension move 1-2 , i-ii .big move confirmation only above 5972. and invalidation to wave 3 forecast at 5660. alternative possibility if 5660 breaks than a-b-c can take place in minor wave counting degree.super bull is back.

click on chart to enlarge

NIFTY ELLIOTT WAVE

TREND LINES  SHOWS MORE CLEAR PICTURE OF PROGRESSION AND BREAK OUT AND SUPPORT IF CURRENT TREND BREAKS SUPPORT TREND LINE THAN SUCH FALL COULD TAKE PLACE.  (CLICK ON CHART TO ENLARGE )

 

  NIFTY EXTENSION 1-2, 1-2 ????   OR 5 WAVE END IN ALTERNATIVE COUNT

FROM MAIN COUNT SOON BIG MOVE CAN TAKE PLACE MANY OF ELLIOTT WAVE PRACTITIONER  MAY NOT SATISFY WITH CURRENT COUNT BUT TIME WILL TELL MORE ACTIONABLE MOVE IN BELOW CHART I HAVE MENTIONED 1-2 IN GREEN BOX THAT IS MINOR COUNT WAVE ,BLUE BOX WAVE  SUGGEST RUNNING FLAT,RED BOX WAVE IS ALSO FLAT AND FINAL PINK BOX WAVE COUNT IS ALSO COMPLEX IN RISING TREND I DON'T SEE AND SHARP WAVE .(CLICK ON CHART TO ENLARGE )

NIFTY 60 MINS CHART

SUGGEST CURRENT COUNT INVALIDATION AT 4840. 

(CLICK ON CHART TO ENLARGE )

DISC.REFERS TO WWW.NIFTYELLIOTTWAVE.BLOGSPOT.COM

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE UPDATE AS ON 21.09.2012

AS PER MY OLD COUNT I LABELED AS 1-2 1-2  FROM 5348 HIGH TO LOW OF 5032 AND ANOTHER WAVE 1 I WAS LABELED AT 5448 TO LOW OF 5217.BUT THAT PRIOR COUNT HAS BEEN CHANGE INTO IRREGULAR FLAT AND I AM COUNTING NOW [1] [2] AND [3] IN ACTION . CLICK ON CHART TO ENLARGE. FROM HERE NIFTY CAN SHOW WEAKNESS AFTER MAKING ONE MORE HIGH . AND AFTER WEAKNESS  BE READY FOR  EARLY OPPORTUNITY TO RIDE  EXTREME BULLISH WAVE .  WE ARE IN MINOR WAVE 3.

DISC. REFERS TO WWW.NIFTYELLIOTTWAVE.BLOGSPOT.COM
                                                          &
                                 WWW.ASIANMARKETSFORECAST.BLOGSPOT.COM

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE
NIFTY IS IN EXTENSION   MY  CURRENT COUNTING IS IN  EXTREME BULLISH  SET UP FOR RIDE OUT WAVE  3 below chart help u to identify.  why and how extension can take nifty above 5890++ 6288 kind of level soon......

BANKNIFTY CHART
BANKNIFTY CHART ALSO IS IN EXTENSION. COUNT IN LARGER DEGREE WAVE COUNT
 below chart show you how overlapping 5-3-5-3.becomes extension..

disc.refers to - www.niftyelliottwave.blogspot.com      &    www.asianmarketsforecast.blogspot.com

NIFTY ELLIOTT WAVE ("DARE TO FORECAST ?")

I WOULD LIKE TO LABEL IT AS 1 - 2 , 1 - 2. (EXTREME EXTENSION COULD TAKE PLACE IN FUTURE)   NIFTY AT WAVE JUNCTURE AT THIS MOVEMENT. 

nifty elliott wave

alternative two count with current trend (click on chart to enlarge it)

nifty elliott wave

nifty 60 mins chart with elliott wave count update :-

nifty is in wave 4 of zigzag count. if wave 4 trigger the wave 1 top which is 5124 than wave 3 minor turns to extension invalidation to extension count below 5017.

(click on chart to enlarge it.)

NIFTY ELLIOTT WAVE

NIFTY INTRADAY 5 MIN CHART
IN ABOVE CHART WAVE A DONE WAVE B ? (WAVE B CAN BE COMBINATION) SOON WAVE C WILL DECLINE AND NIFTY WILL FALL BELOW 5000 AND IT CAN RETRACED UP TO .618 OF WAVE 1 AT 4930 AROUND. 

NIFTY ELLIOTT WAVE

NIFTY DONE IT WAVE 1 IN THAT WAVE 5 (BLUE) SEEN AS ENDING DIAGONAL

WAVE 2 WILL FALL AND RETRACE UP TO  4930 AT .618 OF WAVE 1.

NIFTY ELLIOTT WAVE

NIFTY DAILY CHART

IN BELOW CHART NIFTY DONE IT'S WAVE 2 MINOR IN (A-B-C) CORRECTIVE WAVE .WAVE 3 MINOR IS IN PROGRESSION. WAVE i WILL STOP AROUND 5122 .CLICK  IN ON BELOW CHART TO ENLARGE IT. 

NIFTY 60 MIN CHART
IN BELOW CHART NIFTY IS RUNNING IN 5 WAVE MOTIVE STRUCTURE.
WAVE 4 REMAINS AS IRREGULAR FLAT. WAVE 5 IS IN PROGRESSION. WAVE 1 IS NEAR AN END ALMOST WAVE 2 MINUTE WILL DECLINE UP TO 4940-4900 KIND OF LEVEL.TREND LINE WILL ACT AS STRONG RESISTANCE LINE . CLICK  IN ON BELOW CHART TO ENLARGE IT.

    WWW.NIFTYELLIOTTWAVE.BLOGSPOT.COM 

NIFTY ELLIOTT WAVE

 NIFTY ELLIOTT WAVE COUNT :  WAVE 2 RETRACED 0.78 OF IT'S WAVE 1.
WAVE 2  ALMOST DONE IN (A-B-C). INVALIDATION BELOW 4788.FIRE ABOVE 5343 FOR WAVE 3 PROGRESSION.CONFIRMATION TO BULL RUN ONLY ABOVE 5120.INVALIDATION TO BULL COUNT ONLY BELOW 4530.

NIFTY ELLIOTT WAVE

IN ABOVE CHART

• nifty done it's wave 2 mionr count. nifty ended it's wave 5 in ending diagonal.nifty wave c is sub divided into 5 wave and in that wave 3 retraced 2.618 and wave 5 (from wave1 almost retraced 2.618 mentioned in chart). as per my count nifty ended it's wave2. now get ready for wave 3 atleast at 1.618 trg could be set around 6300+.best time comes only few times.fire in wave 3(don't miss upcoming bull)....

NITY ELLIOTT WAVE

WEEKLY NIFTY CHART WITH ELLIOTT WAVE

IN ABOVE CHART S&P NIFTY CLEARED TRIPLE ZIGZAG IN (W-Y-Z).WAVE 2 INTERMIDIATE DONE AND WAVE 3 INTERMIDIATE IN ACTION. INVALIDATION TO COUNT BELOW 4530 AND CONFIRMATION TO FIRE ABOVE 5500 OR SAFE SIDE 5630 ABOVE..

NIFTY DAILY ELLIOTT

STILL WAVE 2 MINOR IS UNCONFIRM.(WAVE 2 ????)
ALL THE WAY BACK TO OLD COUNT.MORE UPDATE SOON......
(CLICK ON CHART TO ENLARGE IT)

NIFTY ELLIOTT WAVE UPDATE

15mins charts

IN BELOW CHART WAVE 2 IS LIKELY OVER OR IN ALT - BLACK COUNT AND BLUE COUNT IS IN ALTERNATIVE VIEW OF LAST WAVE C ?.CONFIRMATION ABOVE 5330 FOR BULL VIEW.INTERNAL BLUE LINE WHICH IS SUB COUNT TO REAL RED COUNT. [CLICK ON CHART TO ENLARGE IT].

60 mins chart with +ve divergence
+VE DIVERGENCE ADDING CONFIDENCE TO BULL VIEW. STILL CONFIRMATION NEEDED AND INVALIDATION IS IMP PART WHICH TELLS FIRST STORY FOR CLEAR VIEW.
RED DOT IS FOR HIGHER HIGH AND LOWER LOW DIVERGENCE PART.[CLICK ON CHART TO ENLARGE IT].

NIFTY ELLIOTT WAVE UPDATE

IN ABOVE NIFTY CHART.AS PER FORECAST WAVE 2 FALL.AND QUICK RECOVERY IN WAVE 3. WAVE 3 IN PROGRESSION MAIN COUNT IN BLUE AND RED COUNT IS SUB COUNT OF MAIN WAVE. STILL WAVE 5 MINUTE IS NOT ENDED. LOOKING FOR 5900 NIFTY IN WAVE 5 MINUTE COUNT.WAVE 1 IS DIAGONAL SO THERE IS LESS POSSIBILITY OF DIAGONAL IN WAVE 5.WAVE 3 IS EXTENDED SO WAVE 5 ALSO LESS POSSIBLE TO EXTENT. WE MAY SEEN CLEAN FIVE WAVE STRUCTURE. STILL INVALIDATION TO COUNT BELOW 5172.(CLICK ON CHART TO ENLARGE IT)

NIFTY ELLIOTT WAVE UPDATE

CLICK ON CHART TO ENLARGE IT. IN ABOVE CHART WAVE 1 IS SUB DIVIDED INTO 5 WAVE. AND WAVE 2 IS STILL UNCONFIRMED (A-B-C-X-A-B-C). BUT WAVE 2 WHICH IS ALMOST RETRACED .618 OF WAVE 1 IN SHARP CORRECTION. OUR INVALIDATION TO COUNT AT 5172 BELOW. (WE ARE STILL IN BULLISH COUNT OF 5600 ++ NIFTY OR 5900-6000 NIFTY, IF WAVE 5 NOT TRUNCATED THAN ONLY)SOON WE UPDATE ABOUT NEXT NIFTY MOVE .........