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 11 Dec 2015

Elliott Wave Analysis Report of Nifty for 11 Dec 2015

| December 10, 2015

Nifty opened gap up today at 7643 and declined till 7610 but bounced again from lower levels to register day’s high of 7691 before closing 70 points up at 7683. Yesterday I mentioned that downside is limited and we need to see a bounce very soon before any further fall and minimum bounce should be […]

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Elliott Wave Outlook of Nifty for Dec 2015 Series

Elliott Wave Outlook of Nifty for Dec 2015 Series

| December 6, 2015

Today I am analyzing medium term charts covering decline after all time high 9117 to see if we can identify something for medium to short term. Let’s start with daily chart covering move after 9117. This is daily time bar chart of Nifty covering move after Mar 2015 high 9117. The whole decline from high […]

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Elliott Wave Levels of Nifty for Tomorrow 03 Dec 2015

Elliott Wave Levels of Nifty for Tomorrow 03 Dec 2015

| December 2, 2015

Nifty opened gap up today at 7976 but declined sharply just after opening and traded with negative bias for rest of the day. Nifty decline 70 points from high before closing 23 points down at 7931. In my yesterday’s report, I suggested either buy Nifty on decline till 7930-7915 with stoploss of 7905 or Buy […]

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Nifty Important Levels and Targets for Tomorrow 02 Dec 2015

Nifty Important Levels and Targets for Tomorrow 02 Dec 2015

| December 1, 2015

Nifty opened gap up today at 7958 and traded in narrow range of 38 points for rest of the day with range bound volatility. Finally Nifty closed 19 points up at 7954 after registering day’s high of 7972 and low of 7934. In my yesterday’s report, I suggested buying with stoploss 7905 expecting minimum targets […]

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Nifty Elliott Wave Analysis for 01 Dec 2015 – Irregular Correction Explained

Nifty Elliott Wave Analysis for 01 Dec 2015 – Irregular Correction Explained

| November 30, 2015

Nifty opened flat today at 7936 and traded in narrow range of 40 points for rest of the day with range bound volatility. Finally Nifty closed 7 points down at 7935 after registering day’s high of 7966 and low of 7923. In my yesterday’s report, I expected a pause or decline of 40-60 points from […]

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Nifty Levels for Tomorrow 30 Nov 2015 – Elliott Wave Analysis

Nifty Levels for Tomorrow 30 Nov 2015 – Elliott Wave Analysis

| November 29, 2015

Nifty opened gap up on Friday at 7912 and declined till 7879 but bounced sharply from lower levels and traded positive for rest of the day with volatility. Nifty bounced almost 80 points from low to register day’s high of 7959 before closing 58 points up at 7942. I expected a gap up above 7897 […]

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Does Elliott Wave Theory Analysis Works for Intraday Trading

Does Elliott Wave Theory Analysis Works for Intraday Trading

| November 28, 2015

Let me explain in details if “Elliott wave theory analysis works for Intraday Trading or not” with practical example and real facts. I don’t believe in just theoretical and philosophical statements but always try to explain every topic with evidences and practical examples let it be my analysis reports, book or articles. So, I am […]

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Elliott Wave Outlook and Levels of Nifty for Tomorrow 27 Nov 2015

Elliott Wave Outlook and Levels of Nifty for Tomorrow 27 Nov 2015

| November 26, 2015

Nifty opened mild gap up today at 7837 and bounced sharply above 7880 followed by range bound consolidation between 7866-7897 before closing 52 points up at 7883. Yesterday I expected Nifty to give a short term bounce and also suggested to buy Nifty if break above 7843 using 7822 as stoploss expecting intraday targets 7880-7915.  […]

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Nifty Expected Levels and Targets for Nov 2015 Expiry Day

Nifty Expected Levels and Targets for Nov 2015 Expiry Day

| November 25, 2015

Nifty opened gap down at 7838 and registered low 7813 within second after opening but bounced sharply by 50 points from low. Nifty consolidated in 7840-7870 range till 2:00 PM followed by a decline of 45 points again. Finally Nifty closed 17 points down at 7831 after registering low of 7813 and high of 7870. […]

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Nifty Elliott Wave Theory Analysis for 24 Nov 2015

Nifty Elliott Wave Theory Analysis for 24 Nov 2015

| November 23, 2015

Nifty opened mild Gap up today at 7869 and bounced till 7877 but traded in 50 points range for rest of the day with negative bias. Nifty closed 7 points down at 7849 after registering day’s high of 7877 and low of 7825. I my last report, I mentioned that the possibility of good upside […]

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