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

Further Elliott Wave Outlook of Nifty for 15 July 2016 Onward

Further Elliott Wave Outlook of Nifty for 15 July 2016 Onward

| July 14, 2016

Nifty opened flat today and consolidated in 8500-8520 range for most of the day. But later Nifty broke the range on upside and bounced 70 points from low to register day’s high 8571 before closing 45 points up at 8565. Yesterday our outlook and trading strategy was “Buying on Dips” and suggested to Buy Nifty […]

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Nifty Elliott Wave Analysis for 13 July 2016 – Example of Irregular Correction

Nifty Elliott Wave Analysis for 13 July 2016 – Example of Irregular Correction

| July 12, 2016

This Elliott wave analysis report of Nifty for 13 July 2016 I am posting specially for my book subscribers and learners for future reference as there is perfect example “Irregular Correction” explained in this report. This report is not complete as complete report with Conclusion and Trading Strategy is sent to my existing subscribers only by […]

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Elliott Wave Analysis Report of Nifty for 11 July 2016

Elliott Wave Analysis Report of Nifty for 11 July 2016

| July 11, 2016

Nifty opened mild higher at 8350 but traded with negative bias for rest of the day. Nifty declined below 8300 to register day’s low 8287 followed by a bounce of 40 points before closing 14 points down at 8323. In my last report, I mentioned that 8317-8267 range is possible on downside and strategy was […]

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Elliott Wave Updates and Outlook of Nifty for 08 July 2016

Elliott Wave Updates and Outlook of Nifty for 08 July 2016

| July 7, 2016

Nifty opened flat today at 8342 and consolidated with 8340-8320 for half of the session. Nifty bounced by 40 points in second half to register day’s high 8262 but declined again before closing 2 points up at 8337. In my last report, I mentioned that 8317-8267 range is possible with volatility (up-down swings) and any […]

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Elliott Wave Analysis and Outlook of Nifty for 07 July 2016 Onward

Elliott Wave Analysis and Outlook of Nifty for 07 July 2016 Onward

| July 6, 2016

Nifty opened almost flat on Tuesday at 8379 and traded with weakness for rest of the day. Nifty declined about 50 points from previous close to register day’s low 8319 before closing 35 points down at 8335. In my last report, I mentioned that a very immediate top is very near and expected a 23%-38% […]

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Elliott Wave Analysis and Outlook of Nifty for 01 July 2016 Onward

Elliott Wave Analysis and Outlook of Nifty for 01 July 2016 Onward

| July 1, 2016

Nifty again opened gap up at 8260 and traded with positive bias rest of the day. Nifty bounced more than 100 points from previous close to register day’s high 8308 before closing 8287. Yesterday, stoploss for existing/positional longs (taken after break above 8111 with stoploss 8093) and breakout point was 8146 expecting minimum upside levels […]

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Further Update on Elliott Wave Outlook of Nifty on BREXIT

Further Update on Elliott Wave Outlook of Nifty on BREXIT

| June 23, 2016

This analysis report I am posting for further updates on my yesterday’s report Elliott Wave Outlook of Nifty on Important Event of BREXIT as Nifty is very nearer to the first targets and margin of difference between minimum and maximum range is very less. This report is also for my students and learners for their future reference […]

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Elliott Wave Outlook of Nifty on Important Event of BREXIT

Elliott Wave Outlook of Nifty on Important Event of BREXIT

| June 22, 2016

Nifty opened almost flat at 8213 and bounced marginally till 8238 but failed to sustain at higher levels and declined more than 80 points from high to register day’s low 8153. Nifty bounced again from low by 50 points before closing 16 points down at 8203. In Yesterday’s report, I expected a decline till 8160-8110 […]

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Elliott Wave Outlook of Nifty for 21 Jun 2016 Onward

Elliott Wave Outlook of Nifty for 21 Jun 2016 Onward

| June 21, 2016

Nifty opened gap down today at 8115 but bounced sharply and traded with huge strength for rest of the day. Nifty bounced more than 130 points from day’s low 8107 to register day’s high 8244 before closing 68 points up at 8238. In Yesterday’s report, I expected a bounce till 8210-8257 with very immediate stoploss […]

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Ending Diagonal Triangle (ED) Pattern of Elliott Wave Theory Explained by Deepak Kumar

Ending Diagonal Triangle (ED) Pattern of Elliott Wave Theory Explained by Deepak Kumar

| June 12, 2016

Ending Diagonal Triangle also called as ED in short is one of the complex patterns of Elliott Wave Theory which is the part of main proceeding trend. Many analysts and learners find it difficult to identify this pattern accurately because of ignorance or lack of knowledge about the rules and its inner wave calculations. So […]

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