Nifty Anticipated Happened and double correction

 Nifty hourly chart anticipated on 29th March 2021


Nifty hourly chart happened on 8th April 2021


In my previous update on 29th March about Nifty, I had mentioned, "Nifty has a strong support at 14100-14000 levels, as far as it is intact prices are likely to soar till 14800-15000 price range in short term."

The index bounced from the support and achieved my level of 14800-15000 levels as it marked a high of 14986- Anticipated Happened.

Here is the link of my previous article on Nifty where I had anticipated the rise, click on the link to view the article.

https://www.marketanalysiswithmeghmody.com/2021/03/nifty-elliott-wave-analysis_29.html

It is very clear that prices are moving in double correction pattern (a-b-c-x-a-b-c), it completed wave x an has started moving down in form of wave a (second correction). Wave a is still ongoing and can tumble near to 14000-13800 price range.

Learning Elliott Wave is difficult but practicing with learning is a simple but efficient process. Get registered with me in my next batch starting from May (one month webinar). The details are mentioned below.

Learn Technical Analysis in our 4 month course to help you to identify better trade setups. This course will be conducted every twice in a week for around 2 hours. This theory can be applied on all free floating markets. In this course learn from basic to advance and the fees for the same will be Rs. 12,000/-

Elliott and Neo Wave analysis is conducted for 1 month, this is an advance technical course suited for professional traders. Twice a week, 2 hours will be given for theory as well as practical application. The fees for it will be Rs. 10,500/-.

Classroom training and webinars both are available. If you reside in Mumbai, classroom training is conducted in Vile Parle near station and Borivli Station. For inquiry and registration call +919324174580.



Comments

Popular posts from this blog

USDINR Elliott Wave forecast

Aluminium: Expanding and Contracting Diametric pattern.

Tata Steel Elliott Wave Analysis