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dhinesh_kumar

Elliott wave analysis # clarification on my last analysis

Nifty 50 Index (NSE:NIFTY)  
dhinesh_kumar Updated   
NSE:NIFTY   Nifty 50 Index
Elliott Wave Wave Analysis NIFTY nifty50 niftytrend niftyindia niftyanalysis niftyoutlook niftyprediction niftyview
14
25
elliottwaves waveanalysis nifty nifty50 niftytrend niftyindia niftyanalysis niftyoutlook niftyprediction niftyview
My previous analysis is still valid. Just the correction is being extended.

Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
Comment:
Nifty Trade setup for 27-May-2021

snapshot
Comment:
BankNifty Trade setup for 27-May-2021

snapshot
Comment:
The above two charts are for 28-May-2021
Comment:
Invalidate my whole analysis if breaks today high (nifty 15455.55 and banknifty 35436.65)
Comment:
Nifty broke the high. I expected ABC from yesterday, but now based on formation, it is impulse.

In BankNifty, see the wave formation from 24th May low to today high, it is clear ABC-X-ABC. Then how can it go up. There is small pass.

Nifty
snapshot

BankNifty
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Comment:
There is no way to break today's high. Suppose if breaks, this type of wave formation I could not decode.
Comment:
If happens as per analysis, then the fall should be sharp and quick and should not take time.

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