As shown on the chart, the double top pattern has occurred 3 times in the recent few months. Each time, the market has corrected significantly. The entire second week of February, Nifty has been moving in a tight 200 point range, with buying coming at 15000 levels and strong selling at 15,250 levels. With the current levels of volatility and narrow contracting...
Hello fellow traders, we can see that ICICIRULI has formed a bull flag pattern and now taking support at major weekly support zone we can see a big move in coming days after the breakout. right it's consolidating on lower time frame and volume is decreasing which is a sign of big movement in coming days. let me know your views on this analysis ?
How do you determine the end of the Throw-over(under)? The price is upper trendline & recent volume is declining which is an indication that the End of The wave will meet . But this chart has not volume data cause of spot nifty. You can check out volume changing into future nifty. Let's try to look closely sub-wave of Primary Rounded donated 1 W. The parallel...
200 was the key level identified. Hope you all enjoyed the wave. Above channel it becomes more bullish or take care if channel halts or stops the move. Last Idea on ITC
Markets have been in a correction mode for 4 consecutive days and the probability of further downside is very high. This is a good strategy to use when the market is trending in either direction. Use small sizes in volatile markets to avoid losses.
Nifty formed double top or M pattern on Daily Chart Will there be a Correction continuation or a Big Crash coming like last year??? Rsi Divergence too strengthening the idea of huge correction atleast 10% or 14000 points
The impulse Phrase is finished and correction is taking place. Wave 3 of wave c from the correction phrase is going to be done, we just need the ending point of wave 4, so we can ride on wave 5.
I do beleive Bitcoin has seen such a straight up performance it's hard to say if it'll have the 20% correction that's needed to keep moving along at a healthy and not parabolic rate but Im thinking it'll reach down to the support levels of about 25k maybe not and only 26k so thats the target 26k
Strength of the upmove is slowly decreasing. A short term top is near, or already made at 31000. Downward Correction possible before it resumes its uptrend again.
All the things I want to say is mentioned in the chart, please read it carefully. Besides that, Reason to this fall : 1.MARKET HAVE A STRONG SUPPORT IN THE MID RANGE OF 26500-26600. So we can expect fall up to that. And as per logical TARGET FOR A #RISINGWEDGE PATTERN is 2L , which is exactly DOUBLE of length L mentioned on chart. 2. RSI is showing ...
NIFTY - Welcomes to Wed & Thursday volatility world CMP : 13490 SL : 13515 Target : 13420 I see mild RSI negative divergence and resistance is nearing.
howdy Traders , you can clearly see that FIVE wave impulsive phrase Has just completed and we are at corrective Phrase. wave A is impulse and when we are focusing on subwaves so 4th subways is ready to be completed !!! if we want to make money we will focus on 5th impulsive subwave. if wave A will finsihed only with 3 wave pattern so we will go for 3-3-5 wave...
Nifty's move down earlier this week was wave A of the correction, todays high of 12910 area should have ended wave B and Wave C has just begun. Stop loss will be 12910 on the Nov conntract
Swing opportunity available. It is also very good for long term as the management has strong strategies to enhance the growth of the company in the future. Look at the chart and see that Tata Motors is kind of forming a symmetrical triangle (Higher highs and Lower lows). Wait for a correction in the market and take trades appropriately.
short cholafin for good correction upcoming
Hello Their, if the price is ready for a new lower high then we should ready for Big corrective wave.' price can travel a minimum of 61.8% .
For 1 min TF see comment section