elliott wave update

    every one knows 5 waves are over in nifty. but most important is the next trend identification.

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Nifty Wave Count

Nifty Elliott wave count

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Nifty Elliott Wave

Elliott wave setup is set for next trend.
We have clear 5 wave up (motive wave) and followed by 3 corrective wave (a-b-c).
Wave b at 6063 shows clear breakout and confirming next wave up in 5 wave.
Invalidation to our wave count  at 6030.
probability of flat variation in alternative wave count for counter trend.(Invalidation to next wave degree at 5984).Refer last post and continue reading above wave notes.

* no alternative wave has been displayed only after invalidation point.

Nifty Elliott Wave

Preferred Wave Count- A-B-C (zigzag).After completing zigzag wave 5 of 5 (in one large degree of wave count) Truncated. current wave count  Invalidation below 5984.
Current trend up

*no alternative count has been displayed only after invalidation point.

NIFTY ELLOITT WAVE UPDATE

#NIFTY CURRENT TREND SUPPORT AT 6230. WE HAVE CLEAR DOUBLE ZIGZAG AND TO COMPLETE WAVE DEGREE NEXT WAVE WILL TRIGGER 6150 AND THAT WILL CONFIRM WAVE.

CHECK OUT BELOW CHART .
COMPLETE EXPLANATION IS GIVEN ON CHART.

*(CLICK ON CHART TO ENLARGE IT)

NIFTY ELLIOTT WAVE UPDATE

PREFER-ED WAVE COUNT- WAVE 5 NEAR AN END OF IMPULSE.

CURRENT TREND- UP

CURRENT WAVE NOTE- WAVE 5 CAN BE DIAGONAL,TRUNCATED (FAIL),NOT EXTENDED BECAUSE WAVE 3 IS EXTENDED  

NEXT WAVE POSSIBILITY- WAVE A

FIBONACCI LEVEL FOR NEXT WAVE- STILL DEGREE OF IMPULSE IS NOT COMPLETE ANY MOVEMENT BELOW 6150 WILL CONFIRM WAVE 5 CYCLE IS OVER AN WAVE IS IN CORRECTIVE MODE.

TREND-LINE- PARALLEL LINE IS TO WATCH OUT.

SHORT SUMMARY- DURING DAY TRADE ANY MOVEMENT BELOW 6250 WILL TRADE IN BEAR SIDE.

 

# ALTERNATIVE WAVE LABELING IS NOT MENTION ABOVE.

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NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE
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BELOW CHART WILL SHOW HOW NIFTY WILL MOVE SOON

NIFTY ELLIOTT WAVE COUNT

NIFTY NEXT BIG TREND FORECAST

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NIFTY NEXT TREND IS HERE .............

CHART IS CLEAR TO UNDERSTAND NO EXPLANATION NEEDED

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NIFTY ELLIOTT WAVE

NEXT BIG IMPULSE IS KNOCKING THE DOOR OR STILL A DREAM ???



BELOW CHART IS SHOWING NIFTY WEEKLY WAVE COUNT.

WAVE 1 INTERMEDIATE  IS ENDED IN DIAGONAL.IN THAT WAVE 1 AND WAVE 4 IS OVERLAPPING. CLICK ON CHART TO ENLARGE IT.

NIFTY ELLIOTT WAVE COUNT ON WAVE 2 INTERMEDIATE  OF MINOR WAVE COUNT A-B-C.IN THAT WAVE C IS NEAR AN ENDED WITH IT'S 5 SUB DIVIDED WAVE.

NEXT WAVE CONFIRMATION AT MINOR DEGREE IS ONLY ABOVE 5755 .

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WAVE INTERMEDIATE 3 CAN START SOON OR FURTHER ZIGZAG (W-Y-Z).

MORE UPDATE SOON...........

                                                                      HAPPY TRADING & INVESTING,

                                          WITH REGARDS,

                                                                       DARSHAN SHAH, ELLIOTTICIAN

            

  

nifty elliott wave update

nifty elliott wave update

after invalidating wave count on nifty .here is alternative wave count .

below chart shows 5 wave decline in wave c.

click on below chart to enlarge it.

nifty elliott wave count shows double zigzag.

alternative wave count in red line & in pink line click on chart to enlarge it.

explanation is given with chart 

soon more update will be done on large degree of nifty..........................
such wave development will take time to develop the structure of wave

#NIFTY & #BANK NIFTY ELLIOTT WAVE UPDATE

ELLIOTT WAVE NIFTY UPDATE .

AS PREDICTED WAVE C WILL DECLINE.NOW WAVE C GETS OVER AND FROM HERE WE WILL SEE NEW 5 WAVE IMPULSIVE IN ONE LARGER DEGREE.

CONTINUE READING WITH LAST POST ON NIFTY ELLIOTT WAVE UPDATE.

BELOW CHART SHOWS 5 WAVE UP WITH ALTERNATIVE COUNT OF 1 AND 2.

INVALIDATION TO BULL WAVE COUNT BELOW   5680.IF 5680 WILL NOT INVALIDATE THAN WE WILL SEE 

MORE UPSIDE IN NIFTY.MORE UPDATE SOON............

BANK NIFTY ELLIOTT WAVE UPDATE

BANK NIFTY SHOWS CLEAR 5 WAVE DECLINE IN WAVE C .

AND YELLOW BOX SHOWS THE SAME WAVE COUNT AS NIFTY IMPULSIVE.CLICK ON CHART TO ENLARGE IT.

MORE UPDATE SOON ON BANK NIFTY ...................

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NIFTY ELLIOTT WAVE INTRADAY

FOR WAVE C , CONFIRMATION NEEDED AND IT WILL CONFIRM BELOW 6055.
WAVE B AND WAVE 5 UPPER TREND LINE IS ACTING AS STRONG RESISTANCE.
CLICK ON BELOW CHART TO ENLARGE IT . MORE UPDATE SOON..............

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nifty elliott wave intraday update

nifty is moving in wave c. confirmation of wave c below 6055. wave b lower trend line is broken.
click on below chart to enlarge it. more update soon................ nifty next possible target   5800.

NIFTY ELLIOTT WAVE FORECAST

NIFTY IS MOVING TOWARDS IT'S WAVE B. AND WAVE B ALMOST RETRACED .618 OF LENGTH OF WAVE A.WAVE B IS MOVING IN DOUBLE ZIGZAG PATTERN (A-B-C-X-A-B-C).
CONFIRMATION TO WAVE C ONLY BELOW 6055.INVALIDATION TO COUNT 6230.
TREND CHANNEL SHOWING CLEAR PRICE RANGE. ONCE LOWER TREND LINE BROKEN THAN WAVE C WILL REMAIN IN ACTION BUT CONFIRMATION TO COUNT OF WAVE C IS ONLY BELOW 6055.MORE UPDATE SOON............ RED LINE SHOWING POSSIBLE MOVEMENT OF NIFTY.

 
CURRENT POST WAVE COUNTING IS CONNECTED WITH LAST POST.....

NIFTY ELLIOTT WAVE INTRADAY UPDATE

WAVE A OF 5 WHICH IS EXTENSION WHICH COMPLETE  WAVE A NOW NIFTY IS MOVING TOWARDS IT'S WAVE B. WAVE B CAN RETRACE AT .618 OF WAVE A. PARALLEL  TREELINE OF WAVE B SHOWS CLEAR PATTERN ZIGZAG (DOUBLE , TRIPLE ?). INVALIDATION TO COUNT 6230 . SUCH PATTERN DEVELOPMENT TAKES TIME TO DEVELOP.  MORE UPDATE SOON................

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE
NIFTY IS MOVING TOWARDS IT'S [V]  WAVE TO COMPLETE IT'S FINAL MOVE OF WAVE 5 (EXPANDING DIAGONAL).WAVE COUNTING CONTINUOUS WITH LAST POST.
MORE UPDATE SOON........... 

NIFTY ELLIOTT WAVE UPDATE

ELLIOTT WAVE UPDATE
LOOKING AT WAVE PATTERN IT SUGGEST EXPANDING DIAGONAL IN WAVE 5.WAVE i AND WAVE iv IS OVERLAPPING THE WAVE. WAVE iii OF 5 AND WAVE iv OF 5 RETRACEMENT OF 1.618 @ 6204.SO UPSIDE MOVE OF THE TREND CAN MOVE TOWARDS 6204.CONTINUING WAVE COUNTING OF http://niftyelliottwave.blogspot.in/2013/05/nifty-elliott-wave.html . LAST POST OF WAVE COUNTING ALSO COUNTED IN ALTERNATIVE POSSIBILITY .WAVE COUNTING CONFIRMATION AND INVALIDATION POINT WILL BE NOT MENTION IN CURRENT POST SUCH PATTERN NEEDS TIME TO DEVELOP,WAIT FOR THE COMPLETE TREND TO OCCUR.

NIFTY ELLIOTT WAVE UPDATE

TODAY'S UP MOVE WILL BE A WAVE B OF IRREGULAR FLAT. OTHER ALTERNATIVE POSSIBILITY SHOWN IN ABOVE CHART.(CLICK ON CHART TO ENLARGE IT.) WAVE C WILL BE THE MOST INTERESTING WAVE TO WATCH OUT IT COULD BE FAIL MOVE OF IRREGULAR FLAT OR IT WILL BE COMPLETE IRREGULAR MOVE CAN TAKE PLACE. FORECAST IS CONTINUED WITH  LAST POST OF WAVE COUNTING ON NIFTY http://niftyelliottwave.blogspot.in/2013/05/nifty-elliott-wave.html  MORE UPDATE SOON...................

READER'S NOTE: FOR READING ABOVE CHART AND WHAT  WILL BE PRESENTED IN CHART ONE SHOULD HAVE KNOWLEDGE ABOUT ELLIOTT WAVE  THEORY AND BASIC TECHNICAL KNOWLEDGE.  

NIFTY ELLIOTT WAVE

NIFTY AS PER 10.05.2013 .

ELLIOTT WAVE PRINCIPAL HELPS YOU TO IDENTIFY CHANGE IN TREND EARLY.

HERE IS THE CURRENT EXAMPLE OF NIFTY CHART FOR NEW LEARNER OF WAVE PRINCIPAL .

WAVE NOTES:-

WAVE 1 NORMAL SIZABLE MOVE  (5 wave up in pattern )

WAVE 2 ZIGZAG

WAVE 3 EXTENSION

WAVE 4 COMPLEX

WAVE 5 ( 5 WAVE UP) 

CHECK OUT WITH CURRENT NIFTY CHART 60 MINS .

MORE UPDATE SOON................................................