Elliot Wave Theory Explained by Sandeep Kumar Chaudhary: Predicting Market Moves Like a Pro

learnwithopen .ai

Thu, 16 Oct 2025

In the dynamic world of trading, understanding market psychology is the true edge — and Sandeep Kumar Chaudhary, Nepal’s leading technical and fundamental analyst, has mastered the art of interpreting those hidden patterns through Elliott Wave Theory. With years of research and practical experience in the Nepal Stock Exchange (NEPSE), Mr. Chaudhary has become a pioneer in teaching how waves of human emotion drive market structure, helping traders predict future price movements with professional precision.

Elliott Wave Theory, developed by Ralph Nelson Elliott, is based on the idea that markets move in repetitive cycles — five waves in the direction of the trend (impulse waves) and three waves in correction (retracement). But while many traders study it superficially, Sandeep Kumar Chaudhary explains it in a deeper and more applicable way for Nepal’s market behavior. His classes decode how investor psychology, liquidity, and institutional flow combine to create these repeating patterns.

He teaches that every rise and fall in NEPSE reflects mass psychology — optimism, greed, fear, and panic. By learning to identify these waves correctly, traders can anticipate trend reversals, market exhaustion, and entry-exit zones long before the crowd reacts. Mr. Chaudhary connects Elliott Wave principles with Smart Money Concepts (SMC) and Fibonacci retracement levels, helping students mark high-probability zones and predict wave completion points with mathematical accuracy.

Unlike typical textbook explanations, his approach is visual, data-driven, and Nepse-focused. He applies wave counting to real Nepali stocks — from hydropower and banking to insurance sectors — showing how each wave aligns with fundamental changes like NRB policy updates, dividend announcements, or liquidity flows. His goal is to make Elliott Wave not just a theory, but a practical forecasting tool for every serious trader.

Beyond technical mastery, Sandeep emphasizes mindset. He reminds traders that Elliott Wave success depends on patience, discipline, and consistent journaling — not overtrading or guessing. Through his programs under MarketMind Investment Group and NepseBook Education Wing, he continues to train hundreds of traders to see beyond the charts — to read the language of the market itself.