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Correctionwave

NIFTY PREDICTIONS.... BEARISH OUTLOOK FOR DECEMBER 2024. I'll try explaining my Nifty chart analysis through Elliot waves. Nifty, again, is likely correcting in a 5-wave pattern. After reaching an ATH of 24274, Nifty's downside waves/correction started towards the end of September. Wave (1) moved in a 5-wave pattern and ended around 24700, as marked in the chart. Wave (2) had a zig-zag pattern and ended around 25200. Wave (3) also had a 5-wave pattern, falling 1.23 times wave 1 to end around 23300 levels. Wave (4)- Nifty is currently in this wave, which is probably in a zig-zag pattern. Wave (4), as usual, notoriously has violent moves on either side, giving challenges to traders. Probable levels of termination of wave (4) are 24800 {0.5 of waves (1-3)}and 25150 {0.618 of waves (1-3). Wave (5) - Assuming wave (4) termination around 25150, we can expect a big correction in Nifty to 22700 levels. This wave (5) alone can cause approximately 10% fall in Nifty. Remember, THE MARKET IS ALWAYS RIGHT. Trade with appropriate stoploss.
NSE:NIFTYShort
by Stock-Holmes
1
Bank Nifty View in 15 mins TF - July 8thWave Analysis: Bank Nifty is trading in a range with a bearish bias. It has completed waves A and B and now appears to have entered wave C, suggesting we might see a sharp one-sided (wave 3 of wave C) move in the coming days. Based on wave analysis and Fibonacci extension, Bank Nifty can reach the mentioned demand zones. This view will become inactive if it breaches the mentioned levels. Ichimoku Cloud: Bank Nifty is trading below the Tenkan-Sen (TS) and Kijun-Sen (KS) in the 1-hour time frame and is standing at the cloud bottom support. If it moves below the cloud, it will turn completely bearish. If the mentioned inactive level breaks, the price will come out of TS and KS, resuming its uptrend. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions and for education purpose only. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYShort
by WaveMoku
BITCOIN first 70k then 55k & then Bullish#Bitcoin at Daily Chart Analysis CRYPTOCAP:BTC market is still in volatility mode, and has made its lower-high but is currently in almost the last leg of the uptrend cycle with some ups of $3k-4k and it will be soon make its higher-high on the daily chart at $68k-$70k. Will completed..! After that, its last down cycle will run, which will at least retest the previous level of $56k here or it can also break-out and will go to $55k to GETTEX:52K for the last timer lower-low. Into next 20-25 days..! After that, Bitcoin's #BullRun cycle will start completely in Uptrend mode from here, which will run on #Elliott Wave Cycle for the next 6-8 months..! Rest, do your research and invest and trade by using #DYOR & #StopLoss and, Comment, Like, Share, Follow on Posts..
Long
by AskToRahulSirohi
RUNE - Under Elliott Correction Wave#RUNE 4hr. Chart Analysis CRYPTOCAP:RUNE at present going to #Bullish trend after the update news and it will be moving under Elliott #ImpulsiveWave and after completed its final Wave recently, it was starts moving towards first #CorrectionWave formally as well. From $3.1 at 7th Nov., its #ElliottWave starts and growen upto $6.6 around finally and now its correction wave starts that will be finish out approx. $4.5 to $4.3 before next week start-up with new cycle. Lets see, whats the actual movements of every cut-off points but major chances that it will be take a correction before another #Bullish trend towards next ride towards $13-$15 next time. Always #DYOR before investing or Trading and use #Stoploss into tradings, Its #NFA also, Follow me to like and comments on it to share anyone too...
Short
by AskToRahulSirohi
2
Correction Continuation/over in USDCAD.Elliott Wave Analysis:- A up wave was completed and a correction was over. If it continues the upside move then an impulse was already in formation. But if it is a correction was then it will be a connecting wave and the correction will become a correction continuation wave. my view is one impulse was over in this time frame next to w) wave . if it may go up without breaking down of W) wave then it will form a 5th wave. another view:- If the correction wave breaks the top of 2nd wave then entire correction will be correction wave and impulse marking will get failed. wait and watch the wave formation. i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
by n0m0ret0ss
impulse wave in HINDUSTAN PETRO. Alternative wave.Elliott Wave Analysis:- Both correction and impulse wave we are expecting a correction. once correction get ended an impulse take place. View 1:- There is also expected an impulse wave i) completed and a correction wave ii) was almost over if raise start then impulse wave iii) is expected to move on. View2:- Correction wave was still pending and a low was expected. once the low was completed then the impulse wave of v wave was expected . I'm not a SEBI registered advisor. Kindly consult your financial advisor.
NSE:HINDPETRO
by n0m0ret0ss
KASPA - Soon Break ATH by Elliott Wave#KASPA 1-day Chart Analysis As per daily chart pattern, $KAS is moving into #Elliott #ImpulsiveWave Pattern and soon it's final wave near to completion as well it will be soon break-out previous All Time High of $0.043 cents too, while at present it is trading at $0.039 cents and KAS is already given 2x-3x returns from last 50-60 days, when Elliott Wave starts on 25 May 2023. After Elliott Wave Completion, it's Correction Wave Pattern will be starts and again it will be available around $0.031 to $0.033 cents and after that it's Harmonic Wave final cycle will be in completion to start another Bullish Sign towards $0.05 cents from Oct-Dec. 2023. It's our Analysis, you always #DYOR and Trade wisely by using #StopLoss. Also, Must SHARE, LIKE and COMMENTS on it...
Long
by AskToRahulSirohi
NIFTY: ANALYSISWe can observe on the monthly chart that market is moving up in waves. There are up waves and there are down waves. Up waves are larger than down waves, so it is an uptrend. It can also be seen that after every up wave there is a correction of the order of 40% to 50% Based upon this historical data, we can expect a correction of this magnitude in the current down wave which started Oct 2021 Potential Targets could be 40% correction - 14167 50% correction - 13060 On the lower chart you can observe that RSI went near 30 during major corrections and near 40 during minor corrections. Assuming that the current correction is just a minor correction, I would expect RSI near 40 when the market hits 13000-14000 targets. That could be good level and time to start investing in the market. The RSI scenario on the weekly chart would be 30 during minor corrections and 20 during major corrections. Above targets are based upon the historical data. There is no perfect way to predict market tops and bottoms but buying low has always been a good strategy for quick returns through investment. Do like, share and comment for more such ideas in the coming days Regards
NSE:NIFTY1!
by Bravetotrade
15
Nifty Analysis: Monthly Log ScaleThis chart presents three major cycles. Each cycle representing a decade. First cycle worked in 90s; second one in the first decade of 21st century and the third one in the second decade. Perhaps we are in the fourth cycle that would represent the third decade. The first two major cycles ended with more than 62% percent correction of the entire decadal bull run. The third cycle (recent 2020) was an exception with 40% correction. There are many ups and down, in each decadal major cycle, called the minor cycles. Every minor cycle also faced 40-62% correction of its impulse. So if we assume that a top has been in place at 18600 high, then a 40-62% minor corrective wave might land up near 13000 or so. This level should be treated as a good investment zone for long term decadal run which can take Nifty much higher. I am assuming that a top is in place but market may make multiple attempts to break the highs before it actually starts correction. Also this is a monthly chart so things might take time to show up some results. So be patient. If you are feeling missed out in this rally then this is definitely not the spot to enter for longer term. Waiting for a better bargain is always good for making fresh investment. Hope you understand my point. Regards.
NSE:NIFTY
by Bravetotrade
12
Nifty Start of Corrective WaveDetailed Analysis using Elliot Wave Nifty from march lows formed Leading diagonal and its abc correction till 8806, fresh 5 step impulse wave was triggered till 11794. Nifty opened gap down on Friday 04th Aug, Gap was wide and didn't get fill. It has also broken swing low 11325 so this suggests start of fresh corrective wave. Nifty to again test 11111 levels which is least expected correction. Breaking below that we will see below Fibonacci correction levels 0.236=11089 0.382=10653 0.5=10300 0.618 = 9947 0.786 = 9445 Now Mondays 07th Aug closing is important then we will consider following Case 1 view Sideways: Wave B is flat or any complex correction range 11300-11584 Case 2 view Bearish: Wave C will be in progress 11111 will be hit subsequently below that given fib levels will be tested. Case 3 view Bullish: Only above 11600 Disclaimer: This investment/trading may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing. Your capital will be at high risk and you may loose all while trading Futures and Options. This is not actual buy or sell recommendation.
NSE:NIFTYShort
by Niftydirection
23