Deepak Kumar

Deepak Kumar is an independent Technical Analyst, regular practitioner and Trainer of Elliott wave theory applying Elliott's Wave Principles on Indian Markets successfully since 2011 and made many accurate predictions.

He is also the author of book "Practical Application of Elliott's Wave Principles by Deepak Kumar"

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Deepak Kumar's Latest Posts

Elliott Wave Analysis Report of Nifty for 22 March 2017

Elliott Wave Analysis Report of Nifty for 22 March 2017

| March 22, 2017

Nifty opened mild higher at 9133 and bounced further to register day’s high 9147 but failed to sustain at higher levels and traded with negative bias for rest of the day. Nifty declined by about 60 points from day’s high to register day’s low 9087 before closing 5 points down at 9122. Nifty also broke below […]

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Nifty is Warning Cautions for Decline towards 8537-8327 – EW Analysis as on 02 Feb 2017

Nifty is Warning Cautions for Decline towards 8537-8327 – EW Analysis as on 02 Feb 2017

| February 2, 2017

This Elliott Wave analysis report of Nifty for 02 Feb 2017 I am posting on my blog because this report has Elliott Wave counting on 1 minute chart which can be used as practical example by my students/book subscriber in future. Nifty opened flat at 8570 and consolidated between 8540-8560 in first half but bounced […]

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Nifty Can Bounce Towards 8672-8765 Without Breaking Below 8519 on Budget Day

Nifty Can Bounce Towards 8672-8765 Without Breaking Below 8519 on Budget Day

| January 31, 2017

Nifty opened flat today at 8629 but declined sharply just after opening and traded with negative bias for rest of the day. Nifty declined almost 80 points before closing 71 points down at 8561 after registering the low of 8552. In yesterday’s report, expected decline towards 8595-8549 to complete the correction. Overall scenario was “Buying […]

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Elliott Wave Counts of Nifty on All Time Frames  – Long Term Outlook

Elliott Wave Counts of Nifty on All Time Frames – Long Term Outlook

| January 30, 2017

This Elliott Wave analysis report of Nifty is specially prepared covering wave counts on all time frames with medium/long term outlook of Nifty and some important points useful for Elliott Wave Theory learners. Elliott Wave Theory is a never ending wave’s cycle starts from the birth/beginning of any financial script. Nifty born in 1995 and […]

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Elliott Wave Analysis of Nifty for Long Term – Bigger Picture for Coming Years

Elliott Wave Analysis of Nifty for Long Term – Bigger Picture for Coming Years

| January 30, 2017

I have marked wave counts on monthly chart of Nifty showing 02 different possibilities as explained on chart given below: But many of my students and learners fails to understand the future outcome of those wave counts mainly because they failed to understand the basic Elliott Wave Cycle explained in First Chapter of my book. Many have […]

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Elliott Wave Analysis and Outlook of Nifty for 25 Jan 2017 Expiry Day

Elliott Wave Analysis and Outlook of Nifty for 25 Jan 2017 Expiry Day

| January 24, 2017

Nifty opened mild gap up at 8407 and traded with strength for rest of the day. Nifty bounced more than 80 points to register day’s high 8480 before closing 84 points up at 8475. I expected minimum 182-295 points bounce from 8326-8244 odd range in my earlier report and Nifty already bounced more than 150 […]

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Elliott Wave Outlook of Nifty for Jan 2017 Expiry Week

Elliott Wave Outlook of Nifty for Jan 2017 Expiry Week

| January 22, 2017

Nifty opened mild gap down at 8404 and bounced to register day’s high 8423 but failed to sustain at higher levels and declined sharply by more than 80 points to register day’s low 8340 before closing 85 points down at 8349. Nifty broke 8344-8461 range after 5 sessions. Friday, 8344 was the point below which […]

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Elliott Wave Analysis and Outlook of Nifty for 19 Jan 2017

Elliott Wave Analysis and Outlook of Nifty for 19 Jan 2017

| January 18, 2017

Nifty opened flat at 8403 and bounced sharply to register day’s high 8460 but failed to sustain at higher levels and declined back by more than 60 points to register day’s low 8397 before closing 19 points up at 8417. Yesterday, same 8344 was the point below which we can think of any reversal and […]

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Fresh Elliott Wave Counts and Outlook of Nifty for 16 Jan 2017

Fresh Elliott Wave Counts and Outlook of Nifty for 16 Jan 2017

| January 15, 2017

Nifty opened gap up on Friday at 8457 but failed to sustain at higher levels and declined sharply after opening. Nifty declined more than 80 points from day’s high 8461 to register day’s low 8373 before closing 6 points down at 8400. Friday, 8344 was breakeven points and minimum 8454-8499 range was expected on upside. […]

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Elliott Wave Analysis and Outlook of Nifty for 13 Jan 2017

Elliott Wave Analysis and Outlook of Nifty for 13 Jan 2017

| January 12, 2017

Nifty opened mild gap up at 8391 and bounced further to register day’s high 8417 but traded in very narrow range of 30 points between 8390-8415 for rest of the day. Finally Nifty closed 26 points up at 8407 after registering the low of 8382. Yesterday, 8327 was the breakeven point and a small or […]

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