USD INR Ellliott wave update

Simple trend line to watch

Any move above trend line will be strong up trend, but this trend line will most likely remain resistance to cross above TL.

>>> Click the chart to enlarge <<

Chart nifty 4 hour

NIFTY

BankNifty Chart Alert!!!

BankNifty in range

Banknifty

Nifty Technical update

Nifty after a nice swing up towards 12041 nifty started to decline. Here is a chart showing why nifty reversed from such level and how bollinger band resisted  nifty at upper band. Gap in nifty is important to watch as support at 11592. If close below  11592 more weakness may come.

  

Banknifty Update

Change in Trend Indication

Bank nifty 60Min chart

Banknifty

Bank nifty showing -ve divergence on macd and rsi showing the change in trend

Chart Alert!

Nifty update

Where will Nifty Go?

Nifty retraced almost  .382 ( fibo number) of wave 3.
last updated wave count : http://niftyelliottwave.blogspot.com/2019/03/nifty-elliott-wave-update.html

NIfty

Stay connected for next Update 

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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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!!!

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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.

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Nifty Update

Nifty

Narrow Bollinger Band Time For Blast !!!

How to Apply Bollinger Band see video below

Nifty Elliott wave Count

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NIFTY

Nifty 120 min chart, H & S formation suggest more weakness in coming session only if nifty break neckline.

Click on above chart to enlarge it.

NIFTY

NIFTY

To Learn Bollinger band see below video

How To Master Bollinger Bands

https://www.youtube.com/watch?v=PONc9GkzFrA

Bollinger Bands to find Winning Trades - John Bollinger

https://www.youtube.com/watch?v=cq3gkwin1y4

HOW TO TRADE WITH VIX

what Million Dollar Mindset say

Nifty Elliott Wave

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Elliott Wave Flat Pattern (3-3-5)

FLATS (3-3-5)
A flat correction differs from a zigzag in that the subwave sequence is 3-3-5, as shown in Figures 14 and 15. Since the first actionary wave, wave A, lacks sufficient downward force to unfold into a full five waves as it does in a zigzag, the B wave reaction seems to inherit this lack of countertrend pressure and, not surprisingly, terminates near the start of wave A. Wave C, in turn, generally terminates just slightly beyond the end of wave A rather than significantly beyond as in zigzags.
Flat corrections usually retrace less of preceding impulse waves than do zigzags. They participate in periods involving a strong larger trend and thus virtually always precede or follow extensions. The more powerful the underlying trend, the briefer the flat tends to be. Within impulses, fourth waves frequently sport flats, while second waves rarely do.
Three types of 3-3-5 corrections have been identified by differences in their overall shape. In a regular flat correction, wave B terminates about at the level of the beginning of wave A, and wave C terminates a slight bit past the end of wave A, as we have shown in Figures 14 and 15. Far more common, however, is the variety called an expanded flat, which contains a price extreme beyond that of the preceding impulse wave. In expanded flats, wave B of the 3-3-5 pattern terminates beyond the starting level of wave A, and wave C ends more substantially beyond the ending level of wave A, as shown in Figures 16 and 17.
In a rare variation on the 3-3-5 pattern, which we call a running flat, wave B terminates well beyond the beginning of wave A as in an expanded flat, but wave C fails to travel its full distance, falling short of the level at which wave A ended. There are hardly any examples of this type of correction in the price record.

Figure 14	Figure 15
Figure 16	Figure 17

Nifty Breakout

                   After a long time upper trend line breakout with gap up & above 200EMA.

                                               >>> click on chart for zoom view <<<

Elliott wave count on nifty

NIfty Rally Wave count in real time

chart 1. 04.03.2015





Chart 2. 22.03.2015.



above wave count help to you identify current wave pattern

Test your knowledge - what next in nifty ???

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Chart pattern

                          Learn Basic Technical Analysis

           

NIfty Elliott Wave

If you miss the trade, you need to see below chart how Elliott wave theory helps to predict bottom movement in Nifty. As an Author of  the blog, I do not recommend any buy or sell.
To become an independent research analyst. My advise to all trader and investor is to learn the  theory first, work in real time environment, find mistake, solve your query and always keep an alternative wave count.
Don't compare wave count with other analyst, this only results in your bad side of trade.
1.Always make your own count.
2.Don't mix Neo wave with Elliott wave Theory
3.See multipe chart to learn pattern
4.Use trade management (Protective Stop)
5.Use Technical Tools,Indicator to make sense for your Forecast.
6. Learn From Mistake, and it will take time to become master.

Go ahead and explore the knowledge with Technical world, you are never late to learn.

 for any query write in contact form.


      start your START TODAY !

Nifty

Nifty Elliott Wave

Nifty

Hi,Trader(s)

Don't Find Bottom See The Next Top.

Nifty Elliott Wave Big Picture Forecast See  the above Chart For Crystal clear Forecast.

Wave 4 Near end. 
>>> Click on Chart To Enlarge view <<<

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How To trade channels

Elliott Wave Stock

EROS

Above chart shows 5 wave down in EROSMEDIA. still wave 5 unfold .

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Nifty

watch Full video of candlestick to know how candlestick work and behind candlestick trader's behaviour. 

why today's candle stick is important to identify overall trader's behaviour.

NIFTY

How to Trade Flags Pattern