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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You are one of the best Elliott wave analysts in the Indian market.
High-quality research, very nice
Good observation.
Please upload bank nifty.
Thanks for the detailed analysis.
Good Analysis. Cheers
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.