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.<<<

#NIfty

Nifty Elliott wave count

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Nifty Elliott Wave Count

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 ELLIOTT WAVE COUNT

#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

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 WAVE COUNT

NIFTY ELLIOTT WAVE
CLICK ON CHART TO ENLARGE IT.

BELOW CHART WILL SHOW HOW NIFTY WILL MOVE SOON

NIFTY ELLIOTT WAVE BIG PICTURE

NIFTY NEXT BIG TREND FORECAST

CLICK ON CHART TO ENLARGE IT.

WHAT NEXT IN NIFTY ????

CHART IS CLEAR TO UNDERSTAND NO EXPLANATION NEEDED

CLICK ON CHART TO ENLARGE IT.

NIFTY ELLIOTT WAVE COUNT

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 .

CLICK ON CHART TO ENLARGE IT.

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 forecast

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 & #BANKNIFTY 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

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 COUNTING

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 FORECAST

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................................................

nifty elliott wave [ ROAD MAP]

nifty elliott wave

in my last post i have posted extension wave with 1-2,i-ii but due to technical fault i haven't uploaded such information.

http://asianmarketsforecast.blogspot.in/2013/03/nifty-elliott-wave.html

for completing wave structure-  wave 1 which was labeled with extension mark for that extension nifty has to go below 5548. than the count for wave 3 extension  can be countable.if wave ii of extension wave will not fall below 5548 than wave 3 will be countable as 5th wave extension for wave 3.

BELOW PICTURE WILL SHOWS THE ROAD MAP OF NIFTY

[compare with last forecast or nifty chart........]

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE UPDATE AS ON 21.09.2012

AS PER MY OLD COUNT I LABELED AS 1-2 1-2  FROM 5348 HIGH TO LOW OF 5032 AND ANOTHER WAVE 1 I WAS LABELED AT 5448 TO LOW OF 5217.BUT THAT PRIOR COUNT HAS BEEN CHANGE INTO IRREGULAR FLAT AND I AM COUNTING NOW [1] [2] AND [3] IN ACTION . CLICK ON CHART TO ENLARGE. FROM HERE NIFTY CAN SHOW WEAKNESS AFTER MAKING ONE MORE HIGH . AND AFTER WEAKNESS  BE READY FOR  EARLY OPPORTUNITY TO RIDE  EXTREME BULLISH WAVE .  WE ARE IN MINOR WAVE 3.

DISC. REFERS TO WWW.NIFTYELLIOTTWAVE.BLOGSPOT.COM
                                                          &
                                 WWW.ASIANMARKETSFORECAST.BLOGSPOT.COM

NIFTY ELLIOTT WAVE

NIFTY ELLIOTT WAVE
NIFTY IS IN EXTENSION   MY  CURRENT COUNTING IS IN  EXTREME BULLISH  SET UP FOR RIDE OUT WAVE  3 below chart help u to identify.  why and how extension can take nifty above 5890++ 6288 kind of level soon......

BANKNIFTY CHART
BANKNIFTY CHART ALSO IS IN EXTENSION. COUNT IN LARGER DEGREE WAVE COUNT
 below chart show you how overlapping 5-3-5-3.becomes extension..

disc.refers to - www.niftyelliottwave.blogspot.com      &    www.asianmarketsforecast.blogspot.com

nifty eliiott wave

alternative two count with current trend (click on chart to enlarge it)