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Elliott Wave Triangle: The Black 2024 Effect Elliott Wave Triangle: The Black 2024 Effect – The Calm Before the Breakout The Endless Loop of Black (2024) Movie and BankNifty In Black (2024 ), a couple is trapped in a never-ending time loop, going over the same path again and again. The BankNifty Index seems to follow a similar pattern, moving in waves that repeat familiar highs and lows. This strange similarity pulls us in, as both the movie and the market seem to be on a path that’s both puzzling and exciting. A Powerful Journey Through Time Black (2024) is more than just a movie—it’s a story about love, destiny, and time’s unbreakable cycles. With powerful direction, the movie takes us on a deep journey, revealing hidden truths with each loop. In the same way, BankNifty’s wave-like patterns give moments of clarity, only to change direction again, much like a never-ending dance in the market. Could the U.S. Election Be Fueling This Pattern? BankNifty’s cycle might also reflect the high stakes of the U.S. Presidential Election . With Kamala Harris and Donald Trump neck-and-neck in the race, the market feels the tension of this intense battle. BankNifty is forming an Elliott Wave Triangle – a pattern that traps traders in a similar loop of ups and downs, mirroring the suspense and energy of the election. Elliott Wave Triangle: The Calm Before the Breakout The Elliott Wave Triangle pattern is a consolidating formation that shows up when the market is preparing for its next big move. It forms a series of back-and-forth waves, typically in five parts (A-B-C-D-E), creating a narrowing structure like a triangle. This pattern often appears before a strong breakout, either up or down, signaling that traders should be ready for a significant shift in the trend. The Elliott Wave Triangle is like a pause before the market's next direction, building energy before it makes a decisive move. Caution: Don’t Be Fooled by the Stability What looks stable may actually be unpredictable. A fall below 50194 (last reached on October 7) could spark a quick drop towards 49500-49600 . If BankNifty slips below 49500 , it could fall even further, aiming for 47800-48000 . Short Term Wave Structure Short Term Support Zone for Wave-D to Halt & Take Support is 51000-50800 - Getting Support could make it bounce upside towards falling trendline connecting Wave A & Wave-C which might bring end to Wave-E , Once wave-E gets completed …Larger trend & more violent wave will start. Alternate Wave Path - A-B-C-D1-E1 If gap is breached below 50800..Index can drop to 50500-50600 zone as support zone & follow wave path D1 & later E1 The Black Loop in BankNifty: Are You Ready? Just like the thrilling loops in Black , these market waves might seem familiar yet hide surprises at every turn. Market Whispers, can you hear them? The Black Loop in BankNifty captures both the thrill of the U.S. election and the mystery of Elliott Wave patterns. As both the story and the market cycles unfold, only those who are ready can avoid getting stuck in the loop. #elliottwavetriangle #black2024 #correctivestructure #wavetalks #correctivewaves #trianglebreakout Regards, WaveTalks Abhishek
NSE:BANKNIFTY
by WaveTalks
12
NIFTY IT Break Down Before US ElectionNifty IT is currently break down and negative trend in before the us election. In the current market correction this is the one of the most positive and attractive sector in the indian market but this week the price is fall Nifty IT Company in the FII Friendly but Huge selling in the FII Less impact in the market. Now currently my point of the view after the US Election ( If Donald Trump Win ) One time this is show in the deep correction, but we are bullish because this is the more beneficial of the Interest rate cut
NSE:CNXITLong
by Anuragsahu001
Saregama India Ltd. - Muhurat TradingWe're observing a potential round bottom pattern forming on the daily chart of Saregama India Ltd. This pattern often signifies a shift in trend momentum, potentially indicating a bullish breakout on the horizon. As we approach the neckline, a breakout above this level could pave the way for further upside. 📈 With Muhurat Trading around the corner, this could be a good opportunity to keep on the watchlist. A strong breakout confirmation above resistance may offer an ideal entry point. Levels to Watch: Breakout Zone: Around 680 Current Price: 533.30
NSE:SAREGAMA
by Kapil-Mittal
Nifty Intraday Analysis for 01st November 2024NSE:NIFTY Index closed near 24205 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24300 Strike – 38.91 Lakh 24500 Strike – 32.90 Lakh 24400 Strike – 26.96 Lakh Put Writing 24200 Strike – 30.41 Lakh 24000 Strike – 29.00 Lakh 24300 Strike – 24.94 Lakh It is expected that the Index will be in a narrow range on Muhurat Trading Day. Index has resistance near 24325 – 23375 range and if index crosses and sustains above this level then may reach near 24450 - 24500 range. Index has immediate support near 24150 – 24100 range and if this support is broken then index may tank near 24000 – 23950 range.
NSE:NIFTY
by RKMAURYA
2
Nifty Intraday Analysis for 31st October 2024NSE:NIFTY Index closed near 24340 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 24500 Strike – 115.60 Lakh 24600 Strike – 92.33 Lakh 24400 Strike – 72.98 Lakh Put Writing 24000 Strike – 98.42 Lakh 24300 Strike – 69.76 Lakh 24200 Strike – 55.91 Lakh Index has resistance near 24475 – 23525 range and if index crosses and sustains above this level then may reach near 24600 - 24650 range. Index has immediate support near 24250 – 24200 range and if this support is broken then index may tank near 24100 – 24000 range.
NSE:NIFTYLong
by RKMAURYA
NIFTY INTRADAY LEVELS FOR 31/10/2024BUY ABOVE - 24500 SL - 24420 TARGETS - 24620,24700,24800 SELL BELOW - 24340 SL - 24420 TARGETS - 24220,24100,24010 NO TRADE ZONE - 24340 to 24500 Previous Day High - 24500 Previous Day Low - 24340 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 31/10/2024BUY ABOVE - 52000 SL - 51700 TARGETS - 52200,52400,52600 SELL BELOW - 51700 SL - 52000 TARGETS - 51420,51100,50900 NO TRADE ZONE - 51700 to 52000 Previous Day High - 52200 Previous Day Low - 51700 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in JYOTISTRUC BUY TODAY SELL TOMORROW for 5%
NSE:JYOTISTRUC
by Kapil-Mittal
4
Bank Nifty Spot Intraday Technical Analysis for 31st October🚀 Unlock the potential with my #BankNifty Spot Intraday Technical Analysis for 31st October, 2024! ✨ Boost, follow, and engage for more detailed insights. Your support helps us bring you the latest and most accurate updates! 🚀❤️ Read footer note to know how I derive these levels. 📍 Range Trigger Point: 51808 📅 Day Range: 487 📈 Long Position 🔹 Buy Above: 52034 📊 Average Position: 51977 🎯 Target 1: 52108 🎯 Target 2: 52295 ⛔ Stoploss: 51872 📉 Short Position 🔹 Sell Below: 51919 🎯 Target 1: 51507 🎯 Target 2: 51321 ⛔ Stoploss: 52081 ✨ With over 6 years of research and backtested strategies, I provide clear intraday and positional trading levels for indices such as Nifty50, Bank Nifty, Fin Nifty, and Mid-Cap Nifty, along with commodities like Crude Oil, Natural Gas, Gold, Silver, Copper, and Zinc in both US and MCX markets. My analysis is based on the position of buyers and sellers on previous day's technical charts. By studying candlestick patterns, trading volume, indicator confirmations, and other such important signals, I can identify the best price ranges, entry points, timing, and appropriate stop-loss levels. I teach a specific trading approach based on live market confirmations to make the most of these levels. Follow and connect with me to learn how to effectively implement these strategies and improve your trading results! 📈 #BankNifty #BankNiftyFuture #BankNifty50 #Nifty50 #NiftyFuture #FinNifty #MidCapNifty #TechnicalAnalysis #IntradayTrading #MCX #TradingSignals #StockMarket #Investing #TradingAnalysis
NSE:BANKNIFTY
by NumroTrader
Nifty Intraday Analysis for 30th October 2024NSE:NIFTY Nifty Intraday Analysis for 30th October 2024 Index closed near 24465 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 105.79 Lakh 24500 Strike – 71.96 Lakh 24800 Strike – 55.64 Lakh Put Writing 24000 Strike – 87.15 Lakh 24400 Strike – 57.08 Lakh 24500 Strike – 55.58 Lakh Index has resistance near 24550 – 23600 range and if index crosses and sustains above this level then may reach near 24750 - 24850 range. Index has immediate support near 24300 – 24200 range and if this support is broken then index may tank near 24050 – 24000 range.
NSE:NIFTYLong
by RKMAURYA
Nifty Still not comfortable to go North inspite nifty looking like taking support but still as per Elliot wave pattern its forming a incomplete structure. The bounce from 24073.9 level may get sell off from 24561 level and then Index is expected to move down @ 23714 level and complete its correction in smaller cycle which started from 26277.35 level and will complete wave Y (red) which will be completion of Wave . from where we can expect a start of Wave (4) Blue. Which means we can take position for riding Wave (5) Blue. Best entry will be @ 23714- 23 -23316 zone with stop loss of 22820 levels on NIFTY INDEX Please note since NIFTY is in a strong Bull wave scenario on higher time frame we dont recommend in any selling or short position. We should only look for buying opportunity that too at the most probable reversal point as mentioned above. Target we can expect min 3000 -3500 points Up move from entry level. Disclaimer: we are not SEBI registered advisor. Please asses your risk and consult your financial advisor before taking any actual position. This view presented is only for Educational purpose. WISH YOU A HAPPY DIWALI AND HAPPY TRADING
NSE:NIFTYLong
by profitadda
BANK NIFTY INTRADAY LEVELS FOR 30/10/2024BUY ABOVE - 52400 SL - 52200 TARGETS - 52600,52800,52970 SELL BELOW - 52000 SL - 52200 TARGETS - 51700,51420,51100 NO TRADE ZONE - 52000 to 52400 Previous Day High - 52400 Previous Day Low - 51100 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 30/10/2024BUY ABOVE - 24450 SL - 24340 TARGETS - 24530,24620,24700 SELL BELOW - 24340 SL - 24450 TARGETS - 24220,24100,24010 NO TRADE ZONE - 24340 to 24450 Previous Day High - 24450 Previous Day Low - 24100 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Trendline Breakout in AMIORG BUY TODAY SELL TOMORROW for 5%
NSE:AMIORG
by Kapil-Mittal
4
Nifty Intraday Analysis for 29th October 2024NSE:NIFTY Index closed near 24340 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25000 Strike – 108.39 Lakh 24500 Strike – 84.41 Lakh 24800 Strike – 58.34 Lakh Put Writing 24000 Strike – 74.50 Lakh 24500 Strike – 51.67 Lakh 24400 Strike – 43.44 Lakh Index has resistance near 24500 – 23600 range and if index crosses and sustains above this level then may reach near 24750 - 24850 range. Index has immediate support near 24150 – 24050 range and if this support is broken then index may tank near 23900 – 23850 range.
NSE:NIFTYLong
by RKMAURYA
BANK NIFTY INTRADAY LEVELS FOR 29/10/2024BUY ABOVE - 51420 SL - 51160 TARGETS - 51700,51860,52020 SELL BELOW - 51160 SL - 51420 TARGETS - 50920,50670,50380 NO TRADE ZONE - 51160 to 51420 Previous Day High - 51700 Previous Day Low - 50920 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP