🧠 Chart Summary & Multi-Timeframe Elliott Wave Analysis
🔹 Chart 1 (Left – Weekly View):
Nifty completed an A-B-C corrective structure, where wave B has peaked. We now expect a long-term impulsive C wave downward, targeting below wave A’s low (~22,000).
🔹 Chart 2 (Middle – Daily Zoomed View):
This zoom-in decodes wave B as its own internal A-B-C structure, now seemingly completed. This implies that the recent rally was corrective and has likely ended.
🔹 Chart 3 (Right – 1 Hour View):
Here, we see the microstructure of wave C, forming a clear 5-wave impulsive pattern. Currently, Nifty appears to be topping out at wave 5, with weakening momentum.
🚨 Bearish Outlook Ahead:
Top formation expected at current levels, possibly with a double top or rising wedge.
Breakdown of local trendline or support will confirm the start of macro C wave.
Projected Target Zone: Below 22,000 (end of Wave A from Weekly Chart).
Watch for reversal candles + divergence confirmation for early entry.
⚠️ What to Watch:
1. Reversal patterns at the current resistance.
2. Breakdown confirmation on lower timeframes.
3. Manage stop losses strictly above recent swing highs.
Disclaimer:
This is a technical analysis-based view meant for educational purposes only. Please consult your financial advisor before taking any trading decision. Risk management is crucial — trade responsibly.
🔹 Chart 1 (Left – Weekly View):
Nifty completed an A-B-C corrective structure, where wave B has peaked. We now expect a long-term impulsive C wave downward, targeting below wave A’s low (~22,000).
🔹 Chart 2 (Middle – Daily Zoomed View):
This zoom-in decodes wave B as its own internal A-B-C structure, now seemingly completed. This implies that the recent rally was corrective and has likely ended.
🔹 Chart 3 (Right – 1 Hour View):
Here, we see the microstructure of wave C, forming a clear 5-wave impulsive pattern. Currently, Nifty appears to be topping out at wave 5, with weakening momentum.
🚨 Bearish Outlook Ahead:
Top formation expected at current levels, possibly with a double top or rising wedge.
Breakdown of local trendline or support will confirm the start of macro C wave.
Projected Target Zone: Below 22,000 (end of Wave A from Weekly Chart).
Watch for reversal candles + divergence confirmation for early entry.
⚠️ What to Watch:
1. Reversal patterns at the current resistance.
2. Breakdown confirmation on lower timeframes.
3. Manage stop losses strictly above recent swing highs.
Disclaimer:
This is a technical analysis-based view meant for educational purposes only. Please consult your financial advisor before taking any trading decision. Risk management is crucial — trade responsibly.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.