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

Example of Ending Diagonal Triangle Pattern on Nifty Chart

Example of Ending Diagonal Triangle Pattern on Nifty Chart

| June 10, 2016

This analysis is part of my “Elliott Wave Analysis Report of Nifty for 10 Jun 2016” which I prepared yesterday and sent yesterday to my student/subscriber and I am posting here for my students/learners for their future reference as there is good example of “Ending Diagonal Triangle (ED)” in this report. This analysis report is not complete and […]

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Elliott Wave Analysis Updates of Nifty for 06 June 2016

Elliott Wave Analysis Updates of Nifty for 06 June 2016

| June 5, 2016

Nifty opened gap up on Friday at 8246 and further bounced till 8262 but failed to sustain at higher levels and started falling gradually for rest of the day to register day’s low 8210 before closing just 1 point up at 8220. For Friday, I suggested to keep initial stoploss for longs at 8197 and […]

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Probable Elliott Wave Counts of Nifty from 29 Feb 2016 Low 6825

Probable Elliott Wave Counts of Nifty from 29 Feb 2016 Low 6825

| June 5, 2016

Though I had mentioned in my every daily analysis report from last 4-5 days that the wave counts for the move of Nifty from 29 Feb 2016 low 6825 is not completely clear and we need to concentrate only on the last bounce started from 7715 for immediate trades until we see any confident pattern […]

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Elliott Wave Analysis Report of Nifty for 30 May 2016

Elliott Wave Analysis Report of Nifty for 30 May 2016

| May 29, 2016

Nifty again opened gap up on Friday at 8081 and traded with huge strength for rest of the day. Nifty bounced more than 90 points from previous close to register day’s high 8164 before closing 87 points up at 8156. Friday I expected Nifty to bounce till 8114 and some decline after achieving 8114. Suggested […]

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Elliott Wave Counts of Nifty for 27 May 2016 – Example of Waves Cycle

Elliott Wave Counts of Nifty for 27 May 2016 – Example of Waves Cycle

| May 26, 2016

Nifty opened gap up today at 7974 followed by a mild decline till 7949 but traded with huge strength for rest of the day. Nifty bounced more than 140 points from previous close to register day’s high 8083 before closing 134 points up at 8069. Yesterday I explained that there are repeated waves 1 and […]

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Elliott Wave Analysis Report of Nifty for 26 May 2016

Elliott Wave Analysis Report of Nifty for 26 May 2016

| May 26, 2016

This Elliott wave analysis report of Nifty for 26 May 2016 is latest update on my previous report as most of the patterns and outlook has been changed. And this long report more targeted to my students/book subscribers rather than outlook to show the only way to conclude probabilities by checking all the rules of  EWT. […]

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Nifty Elliott Wave Outlook for May 2016 Expiry Week

Nifty Elliott Wave Outlook for May 2016 Expiry Week

| May 22, 2016

Nifty opened flat on Friday followed by range bound consolidation between 7780-7812 but declined sharply later to register day’s low 7735 before closing 33 points down at 7749. In Yesterday’s report, I expected a decline till 7752-7721 and also mentioned that Nifty can be bought if get in between 7752-7721 with stoploss 7709 expecting 60-90 […]

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Elliott Wave Update of Nifty for 17 May 2016 Onward

Elliott Wave Update of Nifty for 17 May 2016 Onward

| May 17, 2016

This Elliott Wave Analysis report is further update on my previous analysis report Nifty can Bounce above 8032 without breaking below 7730 – EW Analysis on 15 May 2016 where I expected a bounce from 7783-7757 range for 8032 and Nifty already bounce 100 points from that range. I have updated the further possibilities and stoploss and […]

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Nifty can Bounce above 8032 without breaking below 7730 – EW Analysis on 15 May 2016

Nifty can Bounce above 8032 without breaking below 7730 – EW Analysis on 15 May 2016

| May 15, 2016

Nifty opened mild gap down on Friday followed by a sharp decline below 7800. Nifty declined more than 110 points from previous close followed by range bound consolidation before closing 85 down at 7814. In Friday’s report, I expect a decline of 100-140 from 7916-7940 but Nifty declined without touching that range. 7860 was pattern’s […]

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Elliott Wave Analysis Updates of Nifty for 12 May 2016

Elliott Wave Analysis Updates of Nifty for 12 May 2016

| May 12, 2016

This Elliott wave analysis report of Nifty is exactly same which I prepared and sent yesterday to my subscribers/students. I am posting it late around 9:45 AM on my website as immediate action I expected in this report is already happened (so that my paid subscriber wouldn’t object) and it can help to conclude further scenario. Nifty opened huge […]

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