Martin Pring's Complete Guide to Technical Analysis An Indian Perspective

TECDAX ELLIOTT WAVE 15min Chart

Tecdax 15min chart elliott wave

TECDAX recovered from bottom nicely in wave 5 impulse. it may form A-B-C in larger degree wave count.

more update soon...

>>> click on above chart to enlarge it.<<<  

TECDAX ELLIOTT WAVE

TECDAX moving in A-B-C.5 wave ended.

more update soon.

TECDAX ELLIOTT WAVE COUNT

TECDAX IS NEAR AN END OF WAVE 5.

MORE UPDATE SOON

NIFTY

#NIFTY

KEY TRENDLINE TO BE WATCH OUT.

NIFTY IS MOVING BETWEEN MIDDLE TREND LINE AND LOWER TREND LINE EXPECTED  DECLINE IN NIFTY IN COMING DAYS.

MORE UPDATE SOON.

silver elliott wave video by EW-Forecast

#Sliver

source - www.ew-forecast.com 

Gold

Gold sell or buy ??? 

Gold

elliott wave indian index update

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

>>> Click on chart to enlarge it.<<<

Trading with chart

"Chart analysis (also called technical analysis) is the study of market action, using price charts, to forecast future price direction. The cornerstone of the technical philosophy is the belief that all factors that influence market price - fundamental information, political events, natural disasters, and psychological factors - are quickly discounted in market activity. In other words, the impact of these external factors will quickly show up in some form of price movement, either up or down."

Turkey index

Turkey elliott wave count

turkey index ended 5 wave decline as per wave principal.
wave 3 extended.
wave 5 Truncated.
next move up is taken place in turkey index.

Bank Nifty

Bank Nifty

After Flat pattern Bank Nifty moved higher than previous high.
any movement below wave c will confirm decline and sideways market move(s).

Bank nifty

Bank nifty still impulse left.
 Above wave counting on 5 min chart.
trend is up in bank nifty............

cnx it

cnx it index show clear path of decline in future.
movement will soon change the shape of cnx it index.
wave 4 will end soon and trend will remain continue for wave 5 down.

#NIfty

Nifty Elliott wave count

>>> click on chart to enlarge it.<<<

psu bank index wave update

Cnx psu bank index (India) update.

Psu Bank Index shows clearly 5 wave decline.

current trend of psu bank index is up in a-b-c or alternative (motive wave in one larger degree wave count)

wave ii is sharp and wave iv is triangle. and completing degree of wave in 5 wave sequence .

   

Bank nifty Elliott wave update

Bank nifty has clearly moved in 5 wave sequence (motive wave).followed by three corrective wave which is currently in progress.most probably it could be zigzag. other probability flat variation.

Trade Juncture #Nifty

Question of the DaY
How will you count WaVe when There IS GaP uP or Gap dOwN  ????

https://www.facebook.com/NiftyElliottWave

Bank Nifty Elliott Wave Count

Bank nifty ended with Five Wave Decline.New trend to watch out.

in above chart wave (ii)  is Flat and wave (iv) is sharp Zigzag .

and wave V truncated. new wave to watch in a-b-c and with alternative of 1-2-3-4-5. 

what will happen when trader use different average and setting

see the difference between macd setting with different average.and accordingly see the change in buying and selling signals.

if you are not able to watch video than visit www.niftyelliottwave.blogspot.com

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Nifty vs Banknifty ( Fibonacci Retracement Difference )

Banknifty

Banknifty almost retraced  61.8% compare to nifty.

and Nifty retraced only 38.2% of impulse.

Advance of next rally will Hit new high in nifty early as compared to Banknifty.

  

                                                                              Nifty