Elliott Wave

Update on NIFTY - 11 March 2026 This post continues on the idea I posted on 9 February here: - I explained why I expect a Wave (4) triangle on the Weekly chart. I am following up on the same count in this post. On the Weekly chart below, I have marked the wave counts. From the high of 26,277 in September 2024 to the low of 21,743 in April 2025, Wave-A (4) evolved as a WXY wave. From this low to the current all time high of 26,373, Wave-B (4) evolved as another WXY. Because Wave-B retraced more than 100% of Wave-A, I expe

Nifty 500: Will history repeat - 50% upside?Indian Markets have been following the corrective pattern (from Sep 2024 till date) which is very similar to that of Oct 2021 till April 2023. Market topped: Oct 2021 | Sep 2024 1st Major bottom formed: June 2022 | March 2025 2nd Higher low formed: April 2023 - Marking the beginning of bull run of +70%. The 2nd low breached the immediate swing and the channel for a few weeks for absorbing liquidity, and then the bull run started. (Absorbing liquidity - When price is brought below key SL level

by pankajarora232

Hero MotoCorp: Cup and Handle on the Weekly — Wave 5 Loading?A possible cup and handle formation may be developing on the weekly chart of Hero MotoCorp . The rise from 2146.85 to 6388.50 appears to have unfolded as a clear impulsive structure, where lower degree wave (3) topped near 6246.25 , followed by wave (4) near 3344 , and the higher-degree wave 3 terminated at 6388.50 . This broader structure forms the cup portion of the pattern. Typically, cup patterns tend to form a rounded bottom , however in this case the base appears more V-shape

Update on NIFTY - 25 February 2026 In my previous idea, I expected that an ABC flat was forming on the NSE:NIFTY Daily chart. It did not, and the Daily still does not offer much clarity. The Hourly chart offers a better perspective. The rise from the low of 25,372 on 16 February to the high of 25,728 on 23 February appears to have formed a triangle as Wave-B of Y of C of triangle Wave-4 on the Weekly chart. I have posted my assessment of the larger timeframe wave count here: The fall on 24 February has therefore started

Nifty - Quick Update - Stay long!24k was broken to grab liquidity as expected - SLs were hunted 24k was reclaimed by closing. Now need a quick capture of 24500 to increase confidence that trend is turning. Still some way to go for confirmation (above 25250) - one step at a time :)

by pankajarora232

USDINR - The Final TOP!USDINR - Has been moving between 90 - 92 forming marginally higher highs/ higher lows, in what is called an Ending Diagonal in Elliot Waves. This should form a medium term top in USDINR and lead to a 4% if not 10% fall. Reasons: 1. Crude spike cool off 2. Signs of recovery in economy leading to better GDP These should lead to stocks doing better. Strengthening currency and improved GDP number + corporate results should attract FII inflows, which should further fuel the stock market. Too ear

by pankajarora232

Crude - Will Fizzle out the same way it always does! Crude/ NaturalGas have been in oversupply for quite some time now. Especially, Crude - where all Govts are putting in efforts to reduce dependence. Natural Gas has at least one source where consumption is increasing - Gas based power plants. My view is that Crude (and NG) is fundamentally getting disrupted and hence will remain low, albeit a few spikes - led by supply shocks. Stories will be built on this time it's different - As were being built around NG, when it spiked because of an inte

by pankajarora232

PSU Banks - Leader set to lead again!PSU Banks have been the undisputed leader of the upmove from April 2025 lows. They have led every move up and made new highs while most of the market stayed range bound. No reason for them to not do it again, as we are close to a short term bottom if not a positional bottom in indices. Look for 15-20% moves in stocks in case of a short term bottom and a 60-80% move in case of a positional one. Only market will tell which one is it. PS: Not necessary that bottom in PSU Banks is done, there's sco

by pankajarora232

RBL W5 completion - Sell / Exit RBL Bank has been forming a new impulse wave since 20 Jan 2025. The stock completed W3 as an extended Wave @ about 4.272 X of W1. W4 was a flat structure which got completed on 28 Aug 2025. Inspite of a strong W3, the stock went in for another extension, i.e. W5 following news of acquisition by Emirates NBD for a 60% majority stake. It now seems the stock has completed W5 @ 78.6% of W3 and has entered correction phase. Internal wave counts match. Investors / traders may book profit and avo

by ChartTheWave

ICICI Bank - Looks good for 1900! (CMP: 1313)ICICI Bank - Leader among Pvt Banks - Took lead and made ATH in March 2025, when rest of the market was at lows. It completed 1 in July 2025 and has been in 2 since then. Current sell of should complete 2 at 0.618 of 1 around 1300. Good levels to go long with target of 1880 i.e. 1.618 of 1. All the best!

by pankajarora232

Nasdaq - 20% Upmove loading!Nasdaq is in a long term strong trend. Every dip will be a good opportunity to accumulate. For now we are looking for a 20% move in next 4-5 months - Target 30k. Long term (monthly charts) give targets of 58k, but one step at a time :) Monthly chart:

by pankajarora232

Sell S&P 500 / Major Cycle Degree Wave completion Timeframe : 6 months chart The S&P 500 has one of the longest historical datasets among global indices, extending back to the late 1800s. The 2007 peak appears to have marked the completion of a Grand Super Cycle wave, coinciding with the U.S. housing-led financial crisis. From the 2009 low, the index began a new Cycle-degree impulse. A trend-based Fibonacci extension of this advance shows price approaching nearly 4× the length of Wave I, an area that often coincides with exhaustion zones.

by ChartTheWave

HSTECH - Long!Hang Seng Tech went 2x in 2025 and has been in correction since then. We caught that move well: We are close to end of the correction in Wave 2. Maybe another 10-12% drop left, but we are looking for min another 2x post that. Good time to start some allocation!

by pankajarora232

SPY - More Upside Left!We identified a top formation in SPY, expecting it to be a major top. It has played out well. However, the nature of fall hasn't been in line with expectations - signalling that there's inherent strength in market. This has forced me to reconsider my counts. Looking for another 10-15% upside in the index now. Reason: 1. Despite geopolitical uncertainty it has held up well 2. Trump govt wouldn't want it to fall at least till mid terms (Nov 2026).

by pankajarora232

Nifty - Time to go ALL IN LONG!In August, we noticed that Nifty was following 2022-23 correction quite closely and expected another dip back to test the longterm channel low: In Sep, when everyone was fearfull - we stuck our neck out and went long as a short term structure was incomplete :) Thankfully, all has gone as per expectations till now - and we are in another fear/ uncertainty environment, with Nifty testing Aug 25 lows. Now, this might hold or we might break the Aug lows momentarily to grab more liquidity from

by pankajarora232

Nifty Weekly Analysis for the week March 02-06, 2026 Wrap up:- Nifty has made breakout below the rising wedge on 09.01.2026 and thereafter, it has retested the breakout on 03.02.2026. Further, Nifty has made breakdown below 24604 which is 38.6% of total rise i.e. from 21743 to 26373. Thereafter, it is assumed/weightaged that wave 5 has been completed. Now, wave C is running for a min. target of 23359-22647. In wave c, wave 1 is completed at 25473, wave 2 at 26341 and wave 3 is currently in progress. In wave 3, inner wave 1 is completed at 256

by ChartMasteryHQ

XAUUSD Wave 5 active As of my last idea Gold being in Wave 3 turned out to be correct. Now following this idea, Wave 4 pullback already occurred and Gold is now on its final push to Wave 5 for this cycle.

Bitcoin at a crucial Support Zone BTCUSDT has resided at its crucial support zone which was touched during 2021 and 2024 and is expected to make its 5th Wave move in the coming months. With Rising Geopolitical Tensions we can expect BTC to start moving up. Expect a Target around $120K - $140K, Add this to your watchlist and Observe :)

by naveen_kumar_PS

XAUUSD starting a new bullish Wave As of my last idea, it seems like Gold already had finished Wave C early, unlike my bearish prediction. This may also have to do with the ongoing geo political events happening currently, where people are investing heavily into gold due to stock markets crashing. Now that said, my new prediction is going to be a bullish trend forming, where we already have seen Wave 1 and 2 pullback. This means we are in the beginning of a bullish Wave 3 to the marked target zone over the next days. With a h

Cholamandalam Finance – Primary Wave 3 Likely Completion Timeframe: Monthly The stock completed Primary Wave 1 in 2018. Primary Wave 2 ended in April 2020. Since then, the stock has been in a powerful extended Primary Wave 3. Primary W3 appears to have completed near 5x of Wave 1 — a typical exhaustion extension zone. Internal wave counts at weekly / daily timeframe is intact. RSI divergence at SW5, which is a typical indication. Momentum is flattening for the last 4 months. Structure looks mature. If this count holds, the stock has likely entered

by ChartTheWave

Nifty Weekly Analysis for the week Feb 23-27, 2026 Wrap up:- Nifty has made breakout below the rising wedge on 09.01.2026 and thereafter, it has retested the breakout on 03.02.2026. Further, Nifty has made breakdown below 24604 which is 38.6% of total rise i.e. from 21743 to 26373. Thereafter, it is assumed/weightaged that wave 5 has been completed. Now, wave C is running for a min. target of 23359-22647. In wave c, wave 1 is completed at 25473, wave 2 at 26341 and wave 3 is currently in progress . In wave 3, inner wave 1 is completed at 2

by ChartMasteryHQ

COLPAL - Entering the 5th Wave COLPAL is entering its 5th wave after a year long Consolidation. Could expect COLPAL to start moving up in the coming months. Add this to your watchlist.

by naveen_kumar_PS

NH - Consolidation Building up Narayana Hrudayalaya is consolidating for almost a year now , a break out above the resistance trendline could trigger a good impulse move on the upside. Keep SL below the Support zone. Add it to the Watchlist and observe the movements :)

by naveen_kumar_PS

Kalyan Jewellers 1H Setup: Structure vs Volume From the low at 347.50 , price rallied sharply to 445.00 , showing strong impulsive characteristics. The expansion in volume during the strongest leg supports the idea that this move was likely Wave (3) . Since topping at 445, price has been correcting inside a clean descending channel on the 1H timeframe . At present, price is hovering around key technical confluence: Near the 50% retracement of the Wave 2–3 rally Around the 100% extension of Wave (a) from (b) , suggesting a possib