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Correction

Supper Bearish CoalIndia Hello friends, it was good move came in coal india in last few days. but now days global market is looks so weak. Based on this data here coal india has super Bearish Diversion built up. if it goes correct it will give supper fall to 15-20 points. within 2 - 3 days it will give clear cut fall. 1. its on high / top of trend range 2. prices shows up but SRSI show complete down so both are not matching. it need price base correction. 3. after continue bullish it need correction to move up. based on these points this stock is waiting for some trigger to fall. you can keep this in your watch list and tracking it. Its not recommendation but just my point of view. So your own analysis and trade own your own risk. Like | Share | Comment. Thank you.
NSE:COALINDIAShort
by apstockanalysis
2
zigzag correction in BANKNIFTY ELLIOTT WAVE ANALYSIS:- View-1:- It seems that a zigzag wave has completed. A bounce back looks like connecting correction wave B is forming, a little bounce back may happen to form a connecting waves in a correction form. View-2:- It seems that a zigzag wave has completed. An impulse wave was emerged and an impulse 1st wave was completed and a corrective 2nd wave was completed it seems to be an emerging of impulse 3rd wave . Expected a reasonable bounce back if the 43600 level sustains. If the level break and go down then there will be another zig zag formation may take place. T1=44439 T2= 44586 T3=44957 T4=45274-45615 For View 2 stop loss will be 43600. For wave 1 there will be no stop loss. i'm not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor.
NSE:BANKNIFTY
by n0m0ret0ss
8
Correction in KOTAKBANK. FLAT (or) TRIANGLE Wave.Elliott Wave Analysis:- Due to some management changes in bank there are certain fundamental changes taking place. Let the cloud get cleared, until that we wait for the clear sky. View1:- triangle pattern. B wave was formed. Once C,D wave was formed then we can enter into the trade. until that we watch the wave formation. 1631 as stop loss we enter into the trade. once the breakout was completed in upper side we trail our stop accordingly in between waves. View2:- Flat correction. Once it break 1631 then flat correction is confirmed . Almost B wave was seems to be over. it may reach 1570,1436, 1267, 1051 will be the support level. Wait and watch until there is a clear wave formation. I'm not a SEBI registered advisor. Kindly consult your financial advisor.
NSE:KOTAKBANK
by n0m0ret0ss
triangle pattern breakout in PETRONET LNGThere is a triangle pattern formation in the chart for long term. Expecting a bounce back once it reaches 210-214 zone. Target for triangle pattern with taking C Wave as stop loss. once there is a breakout then we can go for the consider E wave as stop loss and we can trail accordingly. Target:- T1- 242 T2-264 T3-300 T4-330 Stop @ 190 we have to wait and watch the pattern formation. An alternative view I will post in the forecoming chart's.
NSE:PETRONET
by n0m0ret0ss
CAMS Stock: Still in Correction, Wait for Wave 5 to CompleteNSE:CAMS is currently in a correction phase, according to the Elliott Wave Theory. The stock has completed wave 3 of the correction, and wave 5 is yet to complete. This means that the stock is likely to continue to decline until it reaches the Fibonacci level of 0.618, which is around ₹1,863 per share. Once the stock reaches this level, it is expected to start a new uptrend. The Elliott Wave Theory is a technical analysis tool that uses wave patterns to predict future price movements. The theory states that stock prices move in five waves, with three waves up and two waves down. The waves are labeled as A, B, C, and so on. In the case of CAMS, the stock has completed wave 3 of the current correction, which is a downtrend. Wave 5 is yet to complete, and it is expected to be a downtrend as well. The Fibonacci level of 0.618 is a common support level, and it is likely that the stock will reach this level before it starts to rally again. Therefore, investors who are interested in buying CAMS stock should wait until it reaches the Fibonacci level of 0.618 before they buy. This will help to ensure that they are buying the stock at a good price.
NSE:CAMS
by Ajay7871
3
Market Internals suggest WEAKNESSCNX500 Relative Strength Attached: Nifty 500/ Nifty 50 Daily Chart as of 21st March 2023 - I am watching this Ratio Chart to turn down after Retesting a Confluence Zone - Its looking Bearish currently post a Rising Wedge breakdown and Three Black Crows candlestick pattern - It signals Weakness in the Broad Market relative to the Index. - This Chart had Topped out in Sept 2022 and since then there has been Under the Hood Selling in the Market. This is a Leading Indicator of the Broad Market Strength/ Weakness And comes under the Study of Intermarket Analysis
NSE:CNX500Short
by T_Harth
JUBLFOOD : A good opportunity for accumulationJUBLFOOD has experienced a correction of more than 50% from its all-time high, which was achieved in November 2021. When a stock experiences a correction of this magnitude, it may represent a buying opportunity for investors who have a long-term investment horizon. Current price level could represent a good opportunity for accumulation for investors with a long-term investment horizon. It is important to conduct additional research and analysis to ensure that the investment aligns with your financial goals and risk tolerance.
NSE:JUBLFOODLong
by HSJNFinWisdom
1
Upwards correction; Short-term Elliotical approach to XAUUSD.Hello Traders! 1. We see a 5 -wave impulse down which had been expected a long time coming. 2. Now there is an expected correction upwards from the market. 3. We have clear strong support and resistance . 4. Breaking of the Trend line should confirm our entry. The break of waves 2-4 trendline mostly marks the confirmation of the beginning of the correction. 5. Be smart with your risks. Trading a correction is very risky and is not advised for beginner traders. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
OANDA:XAUUSDLong
by UnknownUnicorn27677748
A word of caution for Investors, Nifty's downside targetsin.tradingview.com Nifty has been performing poorly since the last three months, even if we leave the index constituents aside, the situation is even more dire in midcap and small cap indexes some of which can be attributed to the Adani stocks. Adani stocks, put pressure on the banking index and banking index constituents especially SBI collapsed due to the grenade explosion orchestrated by Hindenburg's report. Meanwhile Nifty IT, Nifty metals, Nifty AUTO did try to give support to the market, despite these sectors performing there was a broadway midcap sell off conducted in the last 3 months. Recently China opened its borders and said it was ready to shrug off covid(finally!) and open its borders for business. This news set the Chinese markets blazing and were up nearly 40% from their near time lows. Moreover the valuation comfort in the chinese markets which were nearly half as expensive as their Indian counterpart, gave fuel to the FIIs sell off. As Indian markets was the place where FIIs could book their yearly profits and pocket their fat bonus cheques. Now coming to the mother market, US. DOW Jones had been a failure for the 5th time last week to give a weekly close above 34k levels.(link to the explanation below). The inflation numbers had been blazing hot, new mortgage applications at a 25 year low, fed's target rate 4.5-4.75 % already high enough to give US residents a headache and further talks to increase it by 50 bips, phew ! It is now becoming highly probable that there might not be any soft landing now and the fall, consuming many , will be a hard one. Since US would be raising rates further, despite the situation being fine in India, Indian RBI governor will have to raise rates in India to arrest any declines in Rupee vs US dollar, which will ultimately put pressure on Indian equity markets too. Many Indian banks are already offering fixed deposit rates as high as 7-8.5%(and further high if you are a senior citizen). If you look deeper, soverign gilt funds are offering good options too and Indian treasuries are offering yields as high as 7.4%, imagine what the equity markets have to compete with ! Alas, I would like to say, overall macros and micros do not look good for the equity markets across globe. For all the investors/traders who entered the markets post covid, and "BUY on dips", was their holy sentence, my suggestion to hold your horses for the time being , take a step back and assess what the markets are trying to convey. My targets for Nifty over the next 6 months might seem to be disturbing but I have tried to chalk out the scenari that Im able to foresee. Let me know in the comments what do you think about market future.
NSE:NIFTYShort
by TanmayAggarwal
4
Track the correction on 30min in Ethereum to catch the big move.Candlestick Chart + The moving average lines are contracted. + Track the price until it crosses either 50ema or 100ema lines. + It may test the level of 200ema to end its correction. + So, the levels of 1600 to 1626 may be tested to complete the correction. Renko Chart (Brick Size = 7.5) + Fibonacci Retracement The price can test the level of 1626 which is 38% level of retracement. Conclusion: 1. The coin is in the correction mode. 2. Wait for the correction to be completed. Thanks Er. Simranjit Singh Virdi
Long
by ssvirdi
SUPPORT & RESISTANCE EXPLAINED IN NIFTYIn the Nifty chart, we can see that the Index was rejected multiple times along the trendline drawn and finally managed to give a breakthrough above the trendline. Now, this resistance trendline is likely to act as a support trendline. On Elliot wave analysis, the up move is currently at wave five, and we can expect a correction that will re-test the trendline. The Index should test the support zone (17650 levels) and resume its upward rally.
NSE:NIFTY
by Stock-Holmes
#Gold Breakout ? #Analysis of momentum and #Trend #PriceActionsHii This is my analysis on gold first i used green monthly trend line if it breaks market will go down . if comes toward the mean of the line or say pullback in uptrend is consider . and price touches red color resistance zone almost 6 times . if it breaks and retrace is consider as perfect breakout . so wait for breakout . and i use Hikanashi to show u momentum . in candlestick it is not seen easly . .sry i am late but i post same thing in mind chat Thank u
TVC:GOLD
by priyanshuraj620722