I am planning to track BANKNIFTY per Elliott Wave principle. It will serve a sort of trading diary and also may provide a retro view of what works and what does not.
I urge members to comment on the analysis.
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Firstly, thanks to the admin, moderators and owners of this forum to provide a place where trading is being discussed so neatly and in a varied fashion.
I am a newbie to trading world, per se. I traded based on my broker’s calls back in 2011. Made handsome profits and then went to...
Check out the download and education section of most authentic source of research on Elliot Waves.
This is site by Prechter who is accepted authority on EWave.
Long term outlook: Up
Medium Term Outlook: Down
Short Term Outlook: Sideways to Down
Long Term Revision Point: Break below 2252
Potential Longer Term Targets: 6357 and above
Highs/Lows: Last 30 days: 5310.85/4692.35, Last 6 Months: 5310.85/3918.75, Last 12 Months: 5310.85/2539.45...