Nifty Elliott wave pattern, Cannot be More Accurate!

Elliott wave is GPS of the market and it helps to understand the maturity of trend and shows path ahead.

It is possible to forecast the market using simple scientific method of Elliott wave.

Below chart of Nifty was shown on 13^th April during a live webinar

Nifty hourly chart: anticipated on 13^th April 2024

Nifty hourly chart: Happened
Elliott wave analysis – As shown on 1^st chart we had shown the possible path on the basis of the Ending Diagonal pattern on Nifty. Prices were expected to fall on downside and then reverse back higher in form of wave 5. We can clearly see a sharp correction from 22770 to the lows of 21777 a fall of 1000 points and from there, prices reversed back on upside by rallying by nearly 800 points.

Happened: Nifty movement has been in lockstep fashion as per the Elliott wave chart and KST momentum indicator continued to work extremely well as expected.

As per this pattern, prices are in matured stages of up move which is also in sync with Neo wave outlook. This up move can complete anywhere near 22800 levels and post that we can expect multi-week correction to start.

In a nutshell, Elliott wave helps to understand the maturity of trend and forecast the probable path. Trading Options become extremely easy if one is aware about the future path. Combining this with power of KST, price action and a few more indicators can provide strong trading opportunity with prudent risk-reward setup.

TRISHUL (Options Mantra + Elliott wave + Neo wave) – Learn the science of Trading using simple concepts of Volume profile, Supertrend, Price action, Keltner channel breakout, KST momentum indicator (5 Mantras of Options trading) scheduled on 27^th – 28^th April and combine with Elliott wave, Neo wave scheduled on 1^st – 2^nd June. Limited seats only, fill below form for more details: