Free Stock market / Nifty intraday tips

NIFTY50 analysis with Elliott wave theory:

Corrective Wave 2 is slightly higher than 50%.
They key learning here is Wave 3 important retracement levels as 261.8% at 12050 nearby and 11516 at 227.2%.

Impulsive Wave 3 is extended. When Wave3 is equal to 161.8% or more than it, its called as extended wave 3. In this case, you can see Wave 3 is extended. This is really important, because its decide wave 5. Wave 3 between the 261% to 227.2% ended.

Generally, Wave 4 traveled 38.2% to 50% in most of case. More likely expected fall or Wave 4 can be in rage of 11530-10070 before starting 2021.

Breaking down parallel channel will clear sign of corrective wave4.

Previous ArticleNext Article
She's sub-editor at Moneymunch since 2018 March.


  1. I hade sold nifty at your given point now I am in a holding position and getting profit of 41thousand thanks for sharing a great analysis. i got much profit before also from your analysis thanks.

  2. Ratio well taken.
    what are the options to for the target of wave 5 on the completion of wave 4.
    Pl share on my email also.I have more to discuss .

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *

Send this to a friend