NIFTY NEXT LEVEL 9520, my view market is beginning the five-wave (long term view)
Possible Completion of Wave pattern . Levels mentioned on chart.Trade what u see,not what you think. Trade setup only for "Educational Purpose Only",Trade at your own risk. Always respect Risk. Jai Hind.
Possible H&S Top Pattern. Break out may be possible below the NeckLine. Trade what u see,not what you think. Trade setup only for "Educational Purpose Only",Trade at your own risk. Always respect Risk. Jai Hind.
Updated earlier about the Triangle and is now working out very precisely. 2450 is the SL it seems now.
Nifty-50 will wait for till complete (2).....
NAUKRI next move will be impulse, let's watch it
It has activated a Bullish C Clamp in hourly time frame suggesting the possibility of 725 for now provided it does not breach 699. In daily time frame it is attempting to take support inside the Kumo
The EW structure of Dr Reddy is very classical & a textbook type. It seems we have a Flat Correction in Wave (iv). Wave a=b and Wave c has extended exact 1.618. Besides the retracement of wave 4 is 0.382. So we have a Fibo Cluster around 3600 levels. ' So the probability of Wave (v) materialising seems bright in which case we see 4200 levels.
If we will weekly close abv 180 then will start (A) with 2 possibility
It seems on a daily we have completed Wave 4, the internal structure of which we have tried to analyse here in 60 mins chart. We can see clear ABC structure which was Zigzag (5-3-5). On completion of Wave 4 on a daily or ABC on 60 mins chart it seems we have completed Wave 1 of the 5th on a daily. Also the current retracement is around 0.786 where we can see the...
POINT A - it took 14 days to reach the peak of 47 point B - it took 32 trading hours Point C - it took more than 100 trading hours to take out the peak of A This means that the whole ABC are corrective waves and sooner or later 35.5 will be breached and can go lower conclusion - Do not invest in FEDERAL bank Disclaimer - my view , my elliott view
Labelled as per my knowledge(Definitely not labelled what i want or would like to see) . Completely for Education Perspective. Please Do not Hold/Sell/Buy based on this post. I don't believe in Traditional Elliot wave.
There is 2 possibility on the chart...and one bounce bake possible till 9040