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

Nifty Outlook for March 2016 Expiry Week  – Elliott Wave Analysis

Nifty Outlook for March 2016 Expiry Week – Elliott Wave Analysis

| March 27, 2016

Nifty opened flat at 7717 and declined gradually to register day’s low 7670 at 11:30. But Nifty showed intraday strength at lower levels and bounced again to register day’s high 7726 before closing flat at 7716. In my previous report I expected Nifty to rise minimum 7732 whereas 7757-7787 is also possible and stoploss for […]

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Elliott Wave Analysis Report of Nifty for 23 March 2016 – Importance of Fibonacci Calculations

Elliott Wave Analysis Report of Nifty for 23 March 2016 – Importance of Fibonacci Calculations

| March 22, 2016

Nifty opened mild gap down at 7695 and started declining from 7711. Nifty declined about 70 points from high to register day’s low 7643 but bounced sharply from lower levels to register new day’s high 7728 before closing 10 points up at 7714. Yesterday I expected 7741-7757 on upside in near term and 7623 was […]

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Elliott Wave Analysis Report of Nifty for 22 March 2016

Elliott Wave Analysis Report of Nifty for 22 March 2016

| March 21, 2016

Nifty opened gap up at 7619 and traded strength for rest of the day with volatility. First Nifty broke above 7659 followed by a correction till 7628 but bounced again above 7700 to register day’s high 7713 before closing 99 points up at 7704. Yesterday I mentioned that 7622-7659 is a crucial range and explained […]

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Nifty is Warning Cautions for Good Decline from 7622-7659 Range – EW Analysis for 18 March 2016 Onwards

Nifty is Warning Cautions for Good Decline from 7622-7659 Range – EW Analysis for 18 March 2016 Onwards

| March 17, 2016

Nifty opened gap up at 7557 and bounced till 7585 but failed to sustain at higher levels and declined more than 100 points from high to register day’s low 7479 before closing 13 points up at 7512. Nifty bounced till 7585 but again failed to break 7600-7400 range and closed within 40 points range 7500. […]

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Nifty Can First Bounce above 7583 followed by Good Decline – EW Analysis for 15 March 2016 Onward

Nifty Can First Bounce above 7583 followed by Good Decline – EW Analysis for 15 March 2016 Onward

| March 14, 2016

Please read this Elliott Wave  analysis report of Nifty carefully and completely rather than reading just Title. There are some important conditions explained which needs to understood carefully. Nifty opened gap up today at 7542 and bounced sharply to register day’s high 7583 but failed to sustain at higher levels and declined gradually till 7515. Finally […]

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Elliott Wave Analysis Report of Nifty for 14 March 2016

Elliott Wave Analysis Report of Nifty for 14 March 2016

| March 13, 2016

Nifty opened flat at 7484 and bounced to register day’s high 7544 but failed to sustain at higher levels and declined sharply by 80 points from high to register day’s low 7460. Nifty bounced again from 7460 by 60 points before closing 24 points up at 7510. Overall it was again a volatile days with […]

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Elliott Wave Trading Strategy of Nifty for 09 March 2016 Onwards

Elliott Wave Trading Strategy of Nifty for 09 March 2016 Onwards

| March 8, 2016

Nifty opened flat at 7486 and bounced till 7527 but failed to sustain at higher levels and declined again to register day’s low 7442. Nifty again bounced 50 points from 7442 before closing flat at 7485. Yesterday I suggested stoploss for any longs at 7485 which triggered at opening only and conditions for shorts didn’t […]

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Capital First Limited (CAPF) can achieve 464-551 without breaking below 320, CMP 359

Capital First Limited (CAPF) can achieve 464-551 without breaking below 320, CMP 359

| February 28, 2016

I was looking at charts of Stocks and found chart of this stock “Capital First Limited” (CAPF) interesting in a clear pattern. This stock is currently trading at 359. The Elliott Wave Pattern on chart seems quite clear with easy identification of waves, patterns and convincing Fibonacci Calculation. Let’s start from monthly chart. This is […]

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Elliott Wave Outlook of Nifty for Budget Day 29 Feb 2016 Onwards

Elliott Wave Outlook of Nifty for Budget Day 29 Feb 2016 Onwards

| February 28, 2016

Nifty opened huge gap up at 7039 and bounced till 7052 but failed to sustain at higher levels and declined to register day’s low 6985. Nifty bounced from lower levels again till 7050 before closing 59 points up at 7029. Overall, it was a Volatile Day with Up-Down-Up swings. Yesterday, I expected a small bounce […]

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Nifty Indicating Cautions for Decline Below 6869 Again – EW Analysis for 22 Feb Onwards

Nifty Indicating Cautions for Decline Below 6869 Again – EW Analysis for 22 Feb Onwards

| February 21, 2016

Nifty opened mild gap down on Friday at 7170 and declined till 7145 but bounced again from lower levels to register day’s high of 7226 before closing 19 points up at 7210. Friday I mentioned that Nifty is in the middle of a wave. Either we can sell in 7284-7291 range or we can buy […]

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