The earlier Analysis is coming true and I hope it is the final destiny of bank-nifty.
Now you can put 20% of your capital to investment.
I am personally feeling that we would touch the lower trend-line plotted with red line.
Two circles are plotted to show the Fibonacci Ratio Supports and there are some red vertical line those are cyclic lines which give an...
We could see a Head & Shoulder pattern on daily/weekly/monthly timeframe, i do think so that crypto is getting into much more correction from the current levels also.
Note : This is only an analysis, dont follw it blindly, use your own experience and knowledge also.
THANKS AND REGARDS
Welcome to the quick update of TATAMOTORS. After a huge rally until 536, it took a correction. The correction is very much important for any stock to make a new high in the long term. With the onset of various wars and market factors, it dumped badly. As of now, it is trading at around Rs 395.
I think the stock should take a bounce from here as shown in...
Old Ways Leading to New Destinations ( New Results) - In this short video, we discussed old methods which could provide new results / new destinations.
These Old ways / methods discussed are
Channel / Trendline
Chart Pattern - Head & Shoulder
Elliot trades. The impulse waves had started from April 2021, had reached almost the end of wave 5.
I would wait to invest at this time.
140 to 150 should be a good price to invest in ONGC.
Wave 5 again follows the Elliot 5 wave pattern. I'm expecting the share price to correct to at least 160 this February.
A correction phase has begun. RSI falling. If it breaches 762 level, can give a good buying opportunity around 709-715 levels.
A downward megaphone pattern, if continued, can be the cause of a steep fall.
The top is getting heavy for both nifty and bank nifty.
US inflation data, Indian inflation data, TCS, Infosys, Wipro results. Too hot to handle. Vix above 17.
Technically 5th wave of Elliot getting completed.
Can short nifty with a stop loss of 18400. (Risk reward 1: 3.5)
Targets mentioned are for the next few weeks.
Profit booking in IT and banking stocks...
In this December month, we were blessed with five expiry dates. I would say that the last three expiry dates are like a roller coaster ride, highly volatile. We are entering our 4th week now, and it is a technically correction mode. Technically, a 10% drop from the recent high is referred to as a correction. Look at Nifty50 on Monday. It opened with a huge gap...
One thing to keep in mind is the difference between a crash and a correction. After a correction, the price always rises. It's important not to confuse every correction with a crash.
It all about making money out of it.
STOCK MARKET DROP
DOWN-5% PULL BACK
DOWN-20% BEAR MAKET
As you can see in the chart, there is a strong resistance at the level of 572,
Stock has given the breakout two day back after the BREAKOUT stock took some correction.
So if Monday stock goes above 582, we can buy this trade Target will be 590-595.
I tried to mention each & everything on chart, still you have any quary you can comment in the comment...
It is observed over the historical data of nifty, if it makes a new high and corrects by 20% it reverses towards a breakout with previous 52 week high and creating a new high in over 12-18 Months. The rally is already at its peak of 18 Months.
What are your views on this theory. Do you think the rally would continue or the correction would pull the markets further down?