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Correction

NAMINDIA - Short-term BullishNAMINDIA - Short-term Bullish 1. Short-term Bullish when it crosses 300. 2. Target will be 340. 3. Looks like more than 40% correction from the all-time high. 4. Stock may recover when the market moves to stable mode. Note: 1. I’m not a SEBI Registered advisor, my views are personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:NAM_INDIALong
by ravi15684
BANKNIFTY- UPDATEThe 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 approximated time to travel the targets. Please hit like if you liked the chart. It is an update to the last chart updated. Please do your own analysis before going for any trade execution. Regards
NSE:BANKNIFTY
by imkhushal
3
TATAMOTORS : WILL IT MAKE OR BREAKHello !! 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 the chart. It should not go below the trend line. As of now, it is trying to break the trend line. If the stock closed under Rs 392, there will be more downside until Rs 334. We can enter this stock once the picture is clear and the stock moves above Rs 399. The expected entry one can take should be between Rs 399 to Rs 405 only if it enters the channel again. The expected targets are as below: Rs 417 Rs 463 Rs 528 Please wait for the right moment to enter this trade and do not panic or FOMO. The market will surely be green in a few days as nothing goes down forever. This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits. Please like and share and comment on this idea if you liked it.
NSE:TATAMOTORSLong
by ScramblerG
WaveTalks-HDFC- Old Ways Leading to New Destinations-CCCOld 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 Correction ----------------------------------------------------------------------------------------------------------------------------------- HDFC Idea's Diary Published at TradingView in.tradingview.com
HLong
by WaveTalks
7
Part 1: How to Count Waves Using Chart Patterns?We can count waves using traditional patterns like Head and shoulders, Double Top and Bottom, Triangle, cup & handle, etc. This article is about how you can count waves by identifying chart patterns. I have covered Three chart patterns in this article, 1) Triangles 2) Head and shoulders 3) Double Top and Bottom 1) Head and shoulders : In addition, the two lows formed when the price failed to rise and fell back down were basically at the same level. The horizontal line is often referred to as the "neckline" When the price fails to fall back for the third time neckline will break. So "head and shoulders" was officially established. Changes in volume with head and shoulders: During the formation of "head and shoulders", the left shoulder has the largest volume, the Head has a slightly smaller volume, and the right shoulder has the smallest volume. The phenomenon of diminishing trading volume shows that when the stock price rises, the chasing force is getting weaker and weaker, and the price has the meaning of rising to the end. Operation plan after the Head and shoulders appear: When the head and shoulders formed, you can decisively follow up the short order. The formation of the head and shoulders indicates the beginning of a new round of decline in the market, and the minimum drop is the distance from the head to the neckline. The profit is very substantial. Therefore, studying the formation of the Head and Shoulders is also a necessary analysis process for band enthusiasts. Wave Count : The left shoulder: wave 3/A. The first touch on the neckline: wave 4/B Head: wave 5/C The second touch on the neckline: wave A/1 The right shoulder: wave B/2 The ending point of the right shoulder: wave C/3 2) Triangles : These are the most commonly used triangle patterns. In this motion, we are going to understand the triangle in terms of the Elliot wave. We'll be talking about the classical triangle pattern in an upcoming educational series. Wave Count : A triangle forms in corrective waves. There are Four corrective waves in Elliott wave theory. The corrective waves are 2,4, B, and X. There are four waves in a triangle which are A, B, C, D, E. The starting point of wave A of the triangle is the ending point of impulsive wave 1/3/A/W. After the completion of wave E of wave 1/3/A/W, the Impulsive wave will initiate. 3) Double Tops and Bottom: In the chart, you can sometimes see the stock price fluctuations. The stock price fell back after reaching the highest price. After some sorting, it rose again to near the previous stock price level and then fell back. Two "normally highs" The high point is formed on the circuit diagram and will not be seen again in the short term. Wave Count : In a Bull market, The first Top of the pattern represents the completion of the impulsive wave. The ending point of the Impulsive wave is the starting point of the corrective wave. I started the wave count from the first Top and labeled it as A, B, and C waves. In a Bear Market, The first Bottom of the pattern represents the completion of the impulsive wave. The ending point of the Impulsive wave is the starting point of the corrective wave. I started the wave count from the first Bottom and labeled it as A, B, and C waves. After wave C is complete, we can ride the impulsive waves.
NSE:HDFCBANKEducation
by forextidings
69
Entering into the Christmas Sale Weekly Expiry NIFTY50In 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 down and the panic selling happened because of the major levels where we know it was taken out. 17000 and 16700. This range is important because it is 10% from the recent high and also a fib range. After the range was broken, the NIFTY50 made a new week low near the 16400 level, then pulled back and closed above 16600.This kind of pull back kills aggressive traders. Tuesday opened with a near 0.96% gap up. Think about it! NIFTY50 as well as a strong rebound. It closed above 16700, so it looks good. In NIFTY50, we can expect the major levels to turn into resistance like Nifty did. Today, resistance is near 17950.We can expect the 17000 level to continue as resistance for the week, so I would be confident about selling at a strike price above 17200 on the downside of 16400 for a safe trade. Keep an eye on the daily candle as well. There is a doji candle . We can expect moments in both directions Make a decision accordingly.
NSE:NIFTY
by Manuadarsh