Elliot Wave analysis of Nifty 50 - Higher level analysis - Full

24 thg 7, 2019

Have been analysing the Elliot wave on Nifty 50 on a grand cycle level.

From Analysis, we find we are in the making of (III) Grand impulse.

The question arises Will we keep the (III) there or move it upward. Currently it is at .786 Fib ratio. And if we want to move (III) above, Then we have option of marking it at 13000.

This is a refercence purpose analysis and a learning.
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Please check previous analysis on Nifty from the previous posts.

24 thg 7, 2019

Ghi chú

Got suggestions from MohitArora for the errors in this analysis,

1. 4 of Wave ((I)), it should not be covering/overlap the 1
2. last wave of (III) ( blue 5 wave ) - it is not confirmed yet as the 4th is still broken. So marking should be proper. Also the (3),(4) marking here should be further analyzed on lower timeframe.
And few other basic issues with the EW notation

Thank you MohitArora

24 thg 7, 2019

Ghi chú

Got suggestions from chirag_Khasiya for the errors in this analysis.


There are few basic issues while checking the subwave markings.