Financial Astrology

 Nifty 50 daily chart analysis using multiple technical methodologies, including Elliott Wave Theory, Fibonacci Ratios, Gann Angles, Pivot Points, and Trendlines. The analysis will include: Nifty 50 Daily Chart Technical Analysis 1. Elliott Wave Theory ( NIFTY 50 Elliott Wave Analysis: Trend Reversal and Forecast for 2025 - Elliott Wave Trading Education > Blogs List ) Figure: Nifty 50 daily chart with a labeled Elliott Wave count, showing a five-wave advance into late 2024 (peak near 26,300) followed by a corrective decline. The chart suggests the recent down-move is part of a Wave ((ii)) correction (grey labels), with an expected Wave ((iii)) to the downside to follow (orange projection). This aligns with the view that the prior bullish cycle (Wave (5) in orange) has completed, and the index is now in a multi-wave corrective phase. According to Elliott Wave analysis, Nifty’s uptrend peaked in late September 2024 after a five-wave impulse rally ( NIFTY 50 Elliott Wave A...

 Nifty Bank daily chart analysed using multiple technical methodologies, including Elliott Wave Theory, Fibonacci Ratios, Gann Angles, Pivot Points, and Trendlines. The analysis will include: Support & Resistance Levels : Identifying key price zones based on historical price action and technical indicators. Entry, Target & Stop-Loss Recommendations : Derived from Elliott Wave structures, Fibonacci retracements/extensions, and price confluence areas. Gann Angle Analysis : Evaluating potential price movements based on Gann theory. Pivot Points : Using standard pivot points to highlight probable market turning points. Trendline Analysis : Determining trend direction and breakout/breakdown levels. Trading Strategy Suggestion : Providing a strategy based on market conditions, risk management, and technical confirmation. Introduction The Nifty Bank index (Bank Nifty) has recently shown significant volatility on its daily chart, marked by a sharp downtrend after reaching...