Tag: Example of Irregular Correction

Elliott Wave Analysis Report of Nifty for Dec 2016 Expiry Week

Elliott Wave Analysis Report of Nifty for Dec 2016 Expiry Week

| December 25, 2016

Nifty opened flat at 7972 and declined further to register day’s low 7942 but bounced sharply from lower by 80 points to register day’s high 8022 before closing 6 points up at 7985. Yesterday, trading strategy was to buy Nifty if “traders above opening price and breaks 8019” or “if achieve 7937 following by trade […]

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Elliott Wave Analysis and Outlook of Nifty for 23 Dec 2016

Elliott Wave Analysis and Outlook of Nifty for 23 Dec 2016

| December 22, 2016

Nifty opened gap down today at 8043 and traded with negative bias for rest of the day. Nifty declined more than 90 points to register day’s low 7964 before closing 82 points down at 7979. Yesterday, trading strategy was “If Nifty “fails to touch 8077” and “trades below opening price at 9:31 AM” then shorts […]

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Elliott Wave Updates of Nifty for 14 Dec 2016

Elliott Wave Updates of Nifty for 14 Dec 2016

| December 14, 2016

Nifty opened mild gap up at 8196 and declined sharply to register day’s low 8155 but bounced from lower levels and traded with positive bias for rest of the day. Nifty bounced by 70 points from low to register day’s high 8228 before closing 51 points up at 8221. Yesterday, shorts were suggested in 8182-8199 […]

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Elliott Wave Outlook of Nifty for 13 Dec 2016 Onward – Possibility of Irregular Correction

Elliott Wave Outlook of Nifty for 13 Dec 2016 Onward – Possibility of Irregular Correction

| December 13, 2016

Nifty opened gap down at 8230 and traded with negative bias for rest of the day. Nifty declined more than 100 points to register day’s low 8154 before closing 90 points down at 8170. In my last report, I suggested to book part profit in existing longs in 8263-8293 range and hold rest with trailing […]

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Elliott Wave Counts of Nifty for 17 Nov 2016 – Completion of Irregular Correction

Elliott Wave Counts of Nifty for 17 Nov 2016 – Completion of Irregular Correction

| November 17, 2016

Nifty opened gap up yesterday at 8205 but failed to sustain at higher levels and traded with negative bias for rest of the day. Nifty declined by 120 points from 8210-8089 before closing 3 points up at 8111. Yesterday, Selling was suggested on bounce towards 8196-8230 with stoploss of 8237 expecting targets below 8093. Nifty […]

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Elliott Wave Counts of Nifty for 16 Nov 2016 – Possibility of Irregular Correction

Elliott Wave Counts of Nifty for 16 Nov 2016 – Possibility of Irregular Correction

| November 16, 2016

This Elliott Wave Analysis Report of Nifty for 16 Nov 2016 I prepared and sent today before 8:30 AM to my clients. I am posting this analysis report after market opening when action explained is already happened. The main chart of this report is slightly modified (written text) as this report I am posting just for my […]

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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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Irregular Correction of Elliott Wave Theory Explained by Deepak Kumar

Irregular Correction of Elliott Wave Theory Explained by Deepak Kumar

| May 11, 2016

Irregular correction is most frequently seen pattern of Elliott Wave Theory which witnessed even more than Simple Zigzag Correction but it is very less understood by majority of Elliott Wave Theory analysts and practitioners, even a very few EWT analysts knows about this word “Irregular Correction”. You must have observed this word “Irregular Correction” in […]

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Identification and Importance of Irregular Correction formed on 17 Dec 2015

Identification and Importance of Irregular Correction formed on 17 Dec 2015

| December 17, 2015

Nifty opened gap up today at 7883 as expected but started falling after hitting 7800 and declined gradually till 7737. But again Nifty bounced sharply from lower levels to rise more than 110 points from low before closing 93 points up at 7844. Yesterday I expected that Nifty can bounce minimum till 7803-7845 without breaking […]

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