Let's get started with this beautiful Sunday Morning with an exciting idea on "Bank Nifty - Will if follow in the footseps of HDFC"
By the end of this short video, you would realise that BankNifty could be unfolding similar structure once done for stock -HDFC in early 2021 / 2022.
Hope, this long term idea attempts to answer our colleague's @punterpk unsettling questions. Thank you.
Have a lovely day ahead. Thanks for watching.
Comment
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11:50 Hrs / 17th Aug 2022
HDFC Last @ 2477
HDFC A classic case of bearish hidden divergence cannot be ruled out & chances of unfolding is very strong so traders be careful at the tops of 2480-2550 zone & once fall starts we expect deep correction to 2025 lows. It may sound funny at this stage as bulls holding strong.
Wow great idea sir. Thank you for precious time.. 🙂
eternallearner
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Fabulous.but think wave e yet to be completed.Keeping an open mind.Thanks.
vibhorjain81
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with all due respect, w4 of bank nifty looks highly disproportionate to w2
WaveTalks
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@vibhorjain81, There is always an alternate count which is kept reserved but do remember we never trade the counts as a trader you should have few other factors to be confirmed before you dive in. The most important obviously is the price levels that sets an Elliottician apart. Never do the mistake of trading & get biased just on the basis of the counts as at any particular moment, the price chart at higher degree is subdivided into their fractals & fractals is again subdivided which is very hard to recognise at extremely low degree so we must consider "price triggers" as important factor. This is why all the traders old school or new school traders say very common phrase- " Price is God" - "Bhav Bhagwan Che"- in Gujarati