R N Elliott Lab

#ElliottWave Trader

[R N Elliott Lab @elliottlab618]

Hello Everyone
Welcome to Elliott Lab !
This page has been created with a purpose to discuss,practice& learn #ElliottWave Principle;in confluence with #PriceAction &Fib-numbers,in Indexes,FnO,Stock,Commodity,Crypto etc in a complete practical manner
#Nifty #BankNifty #StockMarket

[R N Elliott Lab @elliottlab618]

#justasking
is it possible for #nifty to run for (iii) of 3 without #reliance and #banknifty ??

how about a false breakout at E and then a massive fall ! ?
false breakout of E will create a bullish euphoria and then a trap !!

Reasons:
-> cluster of resistances around 24500-700
-> golden ratio range of last fall from 26373 to 22182
->200 DEMA
->Reliance showing weakness
-> bank nifty is weak

[R N Elliott Lab @elliottlab618]

how about a false breakout at E and then a massive fall !
false breakout of E will create an bullish euphoria and then a trap !!

Reasons:
-> cluster of resistances around 24500-700
-> golden ratio range of last fall from 26373 to 22182
->200 DEMA
->Reliance showing weakness
-> bank nifty is weak

[R N Elliott Lab @elliottlab618]

we often look at the profit's screenshot of traders, but they never share u their losses . Reading only about profits and ignoring the losses brings you to a state of error.

Survivorship bias is a cognitive and logical error where we focus only on the people or things that succeeded while ignoring those that failed. This leads us to overestimate the chances of success because we're looking at an incomplete picture.

Survivorship bias is the mistake of judging how likely success is by looking only at the winners and overlooking everyone who didn't make it.

Why it matters
Survivorship bias can cause people to:

Underestimate risks.
Overestimate their chances of success.
Make poor financial or career decisions based on exceptional cases instead of typical outcomes.
#TradingPsychology
#nifty

[R N Elliott Lab @elliottlab618]

#USDJPY

[R N Elliott Lab @elliottlab618]

All eyes on BANK OF JAPAN !!
#BankOfJapan
#nifty
#trading

[R N Elliott Lab @elliottlab618]

#ClosingBellReview
#nifty
#price made a high of 24343. for the whole day price kept on hovering around the red trend line acting as a resistance .
in the local(smaller) time frame price is in uptrend til it is within the rising channel and till its above 24150 range . price needs to break and sustain above the last swing high of 24367 for any further move .
rest; market is supreme .
keep your risk reward favorable .
#elliottwave #fibonacci

[R N Elliott Lab @elliottlab618]

If the market view isn't clear, don't force a trade. Patience protects your capital. Trade only when you have a clear view and a high-confidence setup.

Waiting for the right opportunity is a position too.

#nifty
#TradingPsychology

[R N Elliott Lab @elliottlab618]

All eyes on BANK OF JAPAN !!
#BankOfJapan
#nifty
#trading

[R N Elliott Lab @elliottlab618]

I bow my head in gratitude to my mentors,
@nishkumar1977
@itzarunca
@ilangoJustNifty for teaching me a life skill of #elliottwave
Thankyou for everything !!
always greatful !
#GuruPurnima

[R N Elliott Lab @elliottlab618]

#ClosingBellReview
#nifty
price at an important trendline (red line). either price will breakout and move towards 26000 or it will breakdown again to make one more low around 23100 range .
breaking above 24367 & sustaining above the red trendline will open the path towards 26000.
keep last retracement level handy for the bias change .
rest market is supreme.
#elliottwave #fibonacci

[R N Elliott Lab @elliottlab618]

#preMarketAnalysis
#nifty
yesterday being a monthly settlement day , price has not yet given any clear indication of either breakdown below the green box support of 23800-850 or breakout above the major retracement level of 24100-200 as well as the upper channel line.
wait for the price to indicate its bias in either direction. listen to the price . do not hop over news !!
#elliottwave #fibonacci

[R N Elliott Lab @elliottlab618]

#closingBellReview
#nifty
price hardly moved today . expiry remained within a tight range of around 100 points.
#price either need to break above 24100-200 or breakdown below 23800-850 range to create a bearish or bullish view .
boring expiry all together .
let the market decide its bias .
rest market is supreme .
#elliottwave #fibonacci
keep your risk reward favorable always . that's the only key to survive in the market .

[R N Elliott Lab @elliottlab618]

What I've observed throughout my trading journey is that trading is deeply personal. It's far more of a psychological game than a strategy game.

What works exceptionally well for one trader can be a complete disaster for another—and vice versa.

That's why it's better to find your own edge in the market and execute it with discipline, rather than blindly copying someone else's approach.

Learning the technical side of the market is a social process—you can learn it from books, mentors, and communities. But execution is intensely personal. It depends on your mindset, risk tolerance, emotional control, and ability to stay consistent.

In trading, your edge isn't just your strategy—it's your ability to execute it.

#nifty #elliottwave #trading #fibonacci #market #priceaction #stockmarket

[R N Elliott Lab @elliottlab618]

#nifty crucial settlement day!
monthly expiry .
price at important Fibonacci level at around 24100. either price will break out of this level or it will again break down to make one more low .
let the market decide its side !
#elliottwave #fibonacci

[R N Elliott Lab @elliottlab618]

We cudnot see any reliable positive divergence in oversold zone in lower timeframes, as well as price has not yet crossed above major retracement level of last fall, which is why chances of one more low is very much possible !
Rest market is supreme !
#nifty
#elliottwave #fibonacci

[R N Elliott Lab @elliottlab618]

@alarnath We cudnot see any reliable positive divergence in oversold zone in lower timeframes, which is why chances of one more low is very much possible !
Rest market is supreme !
#nifty
#elliottwave

[R N Elliott Lab @elliottlab618]

#nifty
what if the price does not break the red trendline !!
we will be moving down again to complete wave 5

#GameOfProbability
#elliottwave #fibonacci

[R N Elliott Lab @elliottlab618]

#nifty
price broke the green box resistance with a gap up opening .
price facing resistance at red trendline. once broken 24200 will be covered soon !
#elliottlab #fibonacci

[R N Elliott Lab @elliottlab618]

#nifty
price broke the green box resistance with a gap up opening .
price facing resistance at red trendline. once broken 24200 will be covered soon !
#elliottlab #fibonacci

[R N Elliott Lab @elliottlab618]

#nifty
unless and until price does not break down below 23550-600 range , we will be focusing on upward move possibility .
price will face resistance at 23800-850 range before moving any further .
#elliottwave #fibonacci

[R N Elliott Lab @elliottlab618]

#weekendChartSchool

let us discuss the #nifty chart and its possibilities for coming week based on #elliottwave and #fibonacci levels .

first of all focus on orange circle .: support of red trendline ., support of parallel channel ., golden ratio level 23630 of last rise . Details : https://t.co/H7CwMMMzED

now there are two possibility.

possibility 1

price is up for new impulse move indicated by green (1)(2)(3)(4)(5). if price holds the range of 23630 level and moves up from here onward , then we are going up towards blue trend-line after breaking last swing high of 24530.

possibility 2

if we break the level of 23630 and fall further , then it is probable that we have not completed wave (c) of larger (B). to complete wave (B) price need to fall at least to the level of 23100

lets see how price moves in coming week.
we are already facing pressure of crude oil price rise !
rest market is supreme .
risk reward is the key
#elliottwave #fibonacci

[R N Elliott Lab @elliottlab618]

Stop chasing information and start acquiring real knowledge.
Learn a proven, time-tested approach.
I would reccommend #elliottwave in confluence with #fibonacci !!
It's a life skill.