Disclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can You Hear Them? Pattern Insight: Bullish Bat Harmonic Pattern Measurements: - X at 47411 - A at...
As shown in chart bounce from 43600 looks like a Double zigzag correction and wave (c or iii) may decline below 42500 in coming days...SL for this trade will be above 45312(Not exact).
This is bank nifty 1hour chart in which decline from 46369 to 43600 is (a or i) and bounce from 43600 to 44950 is corrective wave (b or ii) and now wave (c or iii) is already started and its minimum projection range is 42180-41527. Use 44800 as stop loss for this trade.
BN most probably making 3rd wave and heading towards 41666 (almost 1.618% of wave 1 length of 1550) and after taking support around the trendline of approx 40900 we are likely to go higher. Then we may see a 3rd wave correction
On 16th Jan I have posted an idea of BN in which possibility of decline were mentioned. that decline is already started and now we are in 4th wave of that wave c decline. 5th wave of wave c is still pending on down side which is explained in this video in hindi language. Thanks for watching...
Bank nifty 2 hour chart suggesting abc- X - abc pattern where abc and X is completed and in second abc decline a and b seems completed and wave c is in progress. stop loss OR upside break even point is given in chart.
Banknifty currently forming converging triangle we can short Banknifty with stoploss above the upper trend line we can expect a target of 41600 or the bottom trend line This analysis is just for Educational purposes Our team is not responsible for any kind of Profits or Losses made
NIFTY currently travelling in the 4th wave of the " C " Wave expecting nifty in buy side till around 17475 from there expecting a huge fall again breaking the previous low This analysis is just for Educational purposes Our team is not responsible for any kind of Profits or Losses made
As per wave structure, currently we are forming pattern as a W-X-Y, in which we have already completed W and we have also completed 1st sub-division of X as a wave W of X and possibly now we are going to unfold X of wave X (X inside X). As per Fibonacci retracements it can retrace 0.382% to 0.50% as per healthy retracement which are measurement of wave (w) of X,...
Bank Nifty has completed the wave 3 and expecting it to be bullish on monday as the wave 4 began.... expecting a reversal around 33500 region... exact reversal point will be identified as the wave continues... this analysis is just for educational purposes our team is not responsible for any profits and losses
Banknifty has finished the 5 wave motive structure now it's time for corrective wave corrective wave has started hence expecting a bearing movement tomorrow #elliottwave #bse #indianstockmarket #nifty #niftyanalysis #indianstockmarket #nifty #niftyanalysis #nse #banknifty #bankniftyanalysis #chartanalysis #chartpatterns #elliotwaves #tamil #english...
2nd wave of the 5th wave have ended, 3rd wave of the 5th wave has started. bank nifty also consolidated today and formed a bullish flag patter and it gave a good breakout it have also formed the AB=CD Harmonic pattern so expecting a gap up opening of minimum 200 points tomorrow after the completion of 3rd wave expecting a quick fall as a retracement above...
expecting BNF to be bullish tomorrow 4th wave completed and 5th wave has started
Now 37482-37994 is an immediate resistance range. If trades above 37994 then only positive.
38317-38670 is an immediate resistance range for Bank Nifty. If it will not breaks above this resistance range then fall towards 36757-35954 is possible.
Bank Nifty has completed the corrective wave (4) at 31208. After the climax of wave (4), we have seen an impulse phase with overlapping nature. According to Elliott's wave theory, 5th wave can become an ending diagonal. I will update the intraday chart of the bank nifty soon. Stay connected.
In this 30min chart 37674-37627 is first support range. If BN will not bounce from this range and trades below 37627 then 37452-37346 is next support range. Overall BN may bounce from first OR second support range as mentioned. BN is negative only if trades below 37346 which is 61% retracement of recent impulse(36876-38107).
In this video I have discussed important support range for Nifty and Bank nifty in 15min chart for monday. for better understanding kindly watch video. Thank You