NIFTY 50 Elliott Wave Analysis on DTF

2023年8月21日

Hello Fellow Traders,

This is my elliott wave analysis on Nifty 50 Index.

I am expecting nifty to touch 20500 in this 5th wave.

As per my learnings 4th wave is just completed on 18th Aug 2023;

if there is any room still to correct price can come till 18888 as wave 4 should not come in to range of wave 1 otherwise 5th wave journey is already started

once Price resumes it can reach till 20492.

2023年8月23日

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218 points up movement observed.

2023年9月19日

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going towards 20492. Let us observe

2023年9月20日

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Todays Deep fall of price can give us an idea that wave 2 is forming; This WAVE can last till 19840 (bare minimum 0.382); 19605(0.618) 19523(0.7) 19223 ( Maximum 0.99) before NIFTY takes a WAVE3.

WAVE2 is corrective with a,b,c strucutre. if we consider 279 point drop as WAVE A in WAVE 2 WAVE C can complete at 19840.

Let us observe

2023年9月22日

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I am expecting NIFTY touches or take reversals (uptrend) before 19604.80. On 75 minutes time frame it is already in WAVE 4.. if it is successfully takes uptrend above 19604.80 WAVE 5 completes at 20604.30

it is a different dimension to our analysis. as of now we are just using daily time frame. including 75 minutes time frame gave me this idea. Let us observe.