Nifty Elliott wave Update

Nifty 15Min Chart

Nifty

Nifty Just a Start !!

USD / INR Simple Trendline analysis

USD / INR

USD / INR Simple Trend line to watch

Chart Alert !!! 

Nifty Elliott wave

Lazy baba move can be actionable soon!

NIfty Elliott wave

be ready!!! 

Bank Nifty

Bank nifty

Technically Banknifty weak in Trend 

Dow Jones Ellliott wave

NIFTY IT

Nifty IT index fail to perform comparing to Nifty, Banknifty and many others.

Many newspaper highlights shows end of growth for IT and Pharma company.

But looking at NIFTY IT chart we can see falling Channel line, here many IT stock showing similar pattern and all set for next degree 

Here is a Cognizant Technology Solutions Corp

10 year chart

5 year chart

See the elliott wave degree 

                                 see what NIFTY IT shows 

NIfty IT

                                  Similar story across globe 

                                                       >> click on chart for zoom view <<

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE UPDATE : 20.03.2017.

NIFTY

CHART TIME FRAME : 60 MINUTE

WAVE START POINT : 8860 

LAST WAVE FOLDING : WAVE 3

CURRENT WAVE : WAVE 4

FORECAST WAVE : AFTER FOLD OF WAVE 4, UP FOR WAVE 5 FINAL ADVANCE

INVALIDATION POINT: 8976 

ALTERNATIVE WAVE COUNT NOTE : ( WILL BE UPDATED AFTER INVALIDATION POINT) 

NIFTY UPDATE

NIFTY

supporting trend line, support over

>> click on chart for zoom view <<

Does Technical Analysis Work When Trading Stocks & Why?

Nifty Update

#nifty

Nifty weekly chart

NIFTY

After a 8 week nifty  Range move above it's higher range of 8300. Nifty signals change in trend.

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#technical #lesson 

MACD

Above Video Help You to Analyze macd histograms, how one can identify early change in  movement using MACD.

VEDL

VEDL A GAME OF HIGH RELATIVE STRENGTH INDEX,RSI (14). IF RSI REMAIN ABOVE 70 ON DAILY CHART PRICE WILL START NEW HIGH.

NIFTY

Wide Bollinger band Represent more price swing possible.
sentiment on indicators low, Trend will take Time to recover.

#nifty 

Why Analyst Go wrong !!!

Many analysts go wrong in forecasting on basis of trend line breakout or such pattern like  h & s, triangle , wedge , etc.

why ?

Here is two Nifty daily chart show you why many analysts go wrong and other take benefits of such forecast

1. linear chart ( many analysts use this scale to see chart and use  for forecast and they go wrong !!! )

In above chart, no current trend break down so the call is not to sell in many cases as per study of the only trend line.

now 

we see chart 2

2. Log scale chart (why here picture turns and smart change there opinion )

In above chart, one can see that the trend line broke in comparison to chart 1.

(click on chart to enlarge it.)

here is your answer why analysts go wrong!!!

FOR MORE EXCITING NIFTY UPDATE STAY CONNECT WITH nifty elliott wave  AND BE A PART OF OUR FACEBOOK PAGE - LIKE US ! https://www.facebook.com/NiftyElliottWave/  

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NIFTY TURN AND TWIST

                                 >>> CLICK ON CHART TO ENLARGE IT <<<


CLOSE LOOK TO NIFTY FROM LOW TO CURRENT HIGH, A SIMPLE TRENDLINE HIGHLIGHT SUPPORT AT TWO MAJOR LOW THIS SWING LOW ARE IMPORTANT TO SEE, CHANGE IN TREND WHEN IT'S START TO CORRECT.

FOR MORE EXCITING NIFTY UPDATE STAY CONNECT WITH nifty elliott wave  AND BE A PART OF OUR FACEBOOK PAGE - LIKE US ! https://www.facebook.com/NiftyElliottWave/  

SUBSCRIBE OUR MAIL LIST TO GET UPDATED !!!

Nifty Update

Nifty

Narrow Bollinger Band Time For Blast !!!

How to Apply Bollinger Band see video below