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 Elliott Wave Analysis and Outlook for 28 Aug 2015

Nifty Elliott Wave Analysis and Outlook for 28 Aug 2015

| August 27, 2015

Nifty opened huge gap up today at 7921 followed by sudden decline till 7863 but traded with strength after that to rise till day’s high of 7962. Nifty consolidated in tight range of 20 points between 7940-7960 in last 02 hours of trade. Finally Nifty closed 157 points up at 7948. Nifty acted as per […]

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Elliott Wave Probabilities of Nifty for 27 Aug 2015

Elliott Wave Probabilities of Nifty for 27 Aug 2015

| August 26, 2015

Nifty opened gap down today at 7865 and fell sharply till 7787 within a minute of opening from where it bounced almost 140 points to touch 7929. Nifty failed to sustain at higher levels and started declining gradually in second half to register new low for the day before closing 88 points down at 7791. […]

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Elliott Wave Counts of Nifty for 26 Aug 2015 by Deepak Kumar

Elliott Wave Counts of Nifty for 26 Aug 2015 by Deepak Kumar

| August 26, 2015

Nifty opened a good gap up on Tuesday at 7895 and bounced sharply till 7925 but declined below opening price within 15 minutes and further fell 250 points from high in next 02 hours to touch 7667 which was 261% projection for wave (3) shown in last report. Nifty bounced sharply by 240 points again […]

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Nifty may show Smart Recovery in Coming Sessions – EW Analysis for 25 Aug

Nifty may show Smart Recovery in Coming Sessions – EW Analysis for 25 Aug

| August 25, 2015

This is same Elliott Wave Analysis Report of Nifty which I sent to my subscribers on evening 24 Aug 2015. I didn’t planned to post my analysis reports on my blog this week but posting just because of 530 (6%) fall in Nifty yesterday as most of the traders are curious to know what I am feeling about […]

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Elliott Wave Analysis and Nifty Outlook for 24 Aug 2015

Elliott Wave Analysis and Nifty Outlook for 24 Aug 2015

| August 23, 2015

Nifty opened gap down on Friday at 8305 and declined sharply till 8225 within first 10 minutes of trade followed by gradual recovery till 8320 before closing 72 points at 8299. I mentioned in my last report that “Wave 3 may complete somewhere below 8337 followed by corrective bounce of 23%-38% and then wave (5) […]

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Elliott Wave Updates and Outlook of Nifty for 21 Aug 2015

Elliott Wave Updates and Outlook of Nifty for 21 Aug 2015

| August 20, 2015

Nifty opened mild gap down today and bounced till 8500 to fill the gap followed by downward consolidation till mid-session. But later Nifty gave break out from smaller Triple Zigzag correction (explained later) and crashed 140 points from day’s high. Finally Nifty gave downward jerk which I was expecting from last 3 sessions and also […]

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Nifty is Warning Cautions for Sharp Decline in Short Term – EW Analysis on 19 Aug 2015

Nifty is Warning Cautions for Sharp Decline in Short Term – EW Analysis on 19 Aug 2015

| August 19, 2015

Nifty opened flat today and declined sharply till 8425 as (abc) pattern at yesterday’s close was suggesting but reversed from lower levels and bounced till 8520 before closing 28 points positive at 8495. Let’s have a look on latest charts now. Today I am showing probable wave counts only after last week low 8338 as […]

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Nifty Seems Sell On Rise Till Aug 2015 Expiry – Elliott Wave Analysis on 18 Aug 2015

Nifty Seems Sell On Rise Till Aug 2015 Expiry – Elliott Wave Analysis on 18 Aug 2015

| August 18, 2015

Nifty opened gap up today at 8505 and bounced till 8525 in morning but failed to sustain at higher levels and declined sharply by 90 points to register day’s low of 8434 followed by upside consolidation before closing 10 points lower at 8466. Yesterday I suggested selling Nifty till 8493 using stoploss of 8516 but […]

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Nifty Can Decline Below 8321 Without Breaking Above 8516 – EW Analysis for 18 Aug 2015

Nifty Can Decline Below 8321 Without Breaking Above 8516 – EW Analysis for 18 Aug 2015

| August 17, 2015

Nifty opened mild gap up at 8530 to register a high above yesterday’s high but crashed by 100 points within 10 minutes after opening without giving any chance to take decision or initiate any trade. Then Nifty started rising gradually till 8514 again after registering low of 8428 followed by weakness again. Finally Nifty closed […]

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Nifty can Correct to 8321-8180 in Coming Sessions – EW Analysis for 17 – 28 Aug 2015

Nifty can Correct to 8321-8180 in Coming Sessions – EW Analysis for 17 – 28 Aug 2015

| August 16, 2015

Nifty opened Gap up above 8380 at 8402 on Friday as I expected in my last Elliott Wave Analysis report of Nifty and consolidated around opening price for an hour. Then Nifty gave breakout above 8413 to rise more than 100 points after breakout before closing huge 162 point up at 8518. There was a golden […]

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