WaveTrack International

Elliott Wave Financial Price Forecasting

India CNX Nifty 50 Elliott Wave update

Engaged in a 4th wave within the larger five wave expanding-impulse sequence, the Nifty 50 is now approaching interim support towards 7897.75+/- that is derived by a fib. 61.8% ‘golden-section’ cut of the entire anticipated 8626.95-7477.85 range. An intra-hourly reversal is required to initiate a temporary rally for (minute) wave b within minor wave iv. […]Continue reading «India CNX Nifty 50 Elliott Wave update»

India S&P CNX Nifty 50 Elliott Wave Update

The Nifty 50 has now achieved original upside targets at 7954.00+/- with Monday’s high of 7968.25. A reversal is necessary to confirm the completion of minor wave iii.’s advance from the Feb.’14 low of 5933.30 and validate a 4th wave counter-trend decline in the months ahead. Basis a fib. 50% retracement ratio, idealised support is […]Continue reading «India S&P CNX Nifty 50 Elliott Wave Update»

India-CNX Nifty 50

Primary wave B that began from the 2010 high of 6335.90 and unfolded as a counter-trend sequence to wave A is shown to have completed at the 2011 low of 4531.15. The subsequent upswing to 5629.95 is labelled as ending intermediate wave (1). From there, wave (2) counter-trend declines are unfolding into a running flat […]Continue reading «India-CNX Nifty 50 »

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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