Elliott wave analysis # resistance holding up-move

26 May 2021

Tomorrow it may open above today's high and resistance can force the price down towards 15100 level.

Banknifty update:

27 May 2021

Not

It should fall from here, else I need to re-check my analysis.

Invalidated level: 15325

27 May 2021

Not

Possibility: If open is not wave 5 of C, up-move is pending. Now it might move up to complete the pending activity - either wave 5 of C or wave Z.

Don't trade it. I just go to watch it.

27 May 2021

Not

Now from day low, either ABC or 123 completed.

If ABC, it can fall from here.

Not for trading.

27 May 2021

Not

Update:

Nifty - from 24 May low to today high WXYXZ completed
Banknifty - from 24 May 9:20AM to 25 May 2:15PM Flat correction and then double-zigzag till today high

It should be impulse fall in Nifty and ABC fall in Banknifty.

Just sharing my view. Don't take it as trading advise.

27 May 2021

Not

Nifty Trade setup for 27-May-2021


BankNifty Trade setup for 27-May-2021

27 May 2021

Not

The above two charts are for 28-May-2021

28 May 2021

Not

Invalidate my whole analysis if breaks today high (nifty 15455.55 and banknifty 35436.65)