NIFTY’s Elliott Wave Perspective for Today

Mr.DevNovember 18, 2021, 9:23 amNovember 18, 2021 6 31558

Nifty can bounce from 0.618% – 0.786% of retracement levels, and we may see 18350 again.

According to the Elliott Wave Principle, it can drop up to 1.00% of wave i. And a breakdown of wave ‘i‘ is a direct sign of a strong downtrend.

Buyers must note that the price has broken 200 EMA.

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Mr.Dev

Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.

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6 Comments

Shivam Kumar Singh says:
November 18, 2021 at
You are one of the best Elliott wave analysts in the Indian market.
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Kpandharinath says:
November 18, 2021 at
High-quality research, very nice
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Rajeev722 says:
November 18, 2021 at
Good observation.
Please upload bank nifty.
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Ankit_Oberoi says:
November 18, 2021 at
Thanks for the detailed analysis.
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pralhad.sawant says:
November 18, 2021 at
Good Analysis. Cheers
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Invouni1986 says:
November 18, 2021 at
Good analysis. How come drop in volume a sign of big move. It just signifies little activity. In a constructive young base, it signifies supply is slowly being accumulated by big hands. Follow up buying is price rise with volume spurt.
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