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Nifty50: Unexpected Moves ahead ??Diametric pattern – Understanding Nifty medium term pattern by applying the concept of Advanced Elliott wave – Neo wave theory to forecast the next trend. As shown on daily chart, prices are forming a Diametric pattern. This pattern is recognised in Neo wave as a 7 legged correction labelled as a-b-c-c-d-e-f-g and can take a form of either Bow Tie structure or a Diamond shaped structure. In the above chart we can see a bow tie shaped Diametric pattern. Each legs are corrective and we are currently in wave f. As of now it is too early to conclude that the entire wave e is over and a major top is formed but it definitely indicates that until the recent high is crossed its time to be cautious. Trust me there will be many trades where you will gain and lose little but only a few big trades will make up for all the hard work and efforts that are put in. So what is the next big trend and how to capitalize on the ongoing move? If Recent highs near 22800 remains intact and we break 22300 (White lines) decisively then a major fall of 1000-1500 points cannot be ruled out. Best part is fall can be temporary in nature as bears attack swift, do the job in few days and then sleep. Once wave f low is placed where many will panic, wave g can take nifty towards sub 24k levels. But if we fail to break 22300 decisively and break 22800 on upside this anticipated fall may get delayed futher and may come in later half of the year.
NSE:NIFTY
by Chinmayonniftyy
1
NIFTY 18TH APRIL Monday AnalysisHello Traders, The market (NIFTY50) is currently trading at 22519. Friday We have seen a sharp selling (Please check my analysis 18th April Nifty Expiry, I explained about market and got the 200+ points target as well). Now, I can see 2 images. Bullish Momentum: Will give you a good amount of return if it break 22570 level then target 22800+ Bearish Momentum: Will give you a good amount of return if it breaks 22450 level then target is 22200. Also, Don't forget to see my Previous analysis: As per my 4th April Nifty Expiry, Our Entry Happened on 4th April, and TARGET Achieved on 8th April. Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses. Thank you for Reading my complete Analysis, Naveen
NSE:NIFTY
by NaveenTTR
Get ready for the surpriseI dont know why, but something to come up soon.. probably some bad news lined up next week. What it could be, I have no idea. But this is the wave count I have shared with Banknifty chart on weekly time frame. No more ATH now, and it should be heading south soon, and it will be deep. Don't want to scare, but at-least what you can do, don't carry any overnight positions with index for next couple of weeks. I will update if my wave counting went wrong. Fingers crossed. All the best.
NSE:BANKNIFTYShort
by LBilgir
2
ENDING DIAGONAL | Big move Ahead | Nifty ShortI can See A wedge pattern in form of Wave B and Will the Wave C on downside can start from here it self ? Rsi is indicating multiple divergences, Daily candles showing shooting star at top , more than 61.8% retracement move is complete, elliot wave is having 5 moves complete on upside and time cycles suggesting bottom near may 20, all factors showing a move complete signs, so can we see sharp fall upto 16800-17100 level in 1/4 lesser time the wedge consumed i.e 7-8 days ? As per neo wave 2-4 trend line broken was the first signal, now we are waiting for 0-2 trendline to break... lets see how it unfolds & in what time ... * this is an educational post only , don't trade on this .. * I have found wedges and were very accurate in past times lets see how sharp and deep it turns around and what time frame * don't forget to like the post to encourage more post like this..
NSE:NIFTYShort
by VishalSancheti
Nifty 50 False Breakout CONFIRMED!Attached: Nifty 50 Weekly Chart as of 17th March 2023 This Week's Candle has Closed below the Trend Line drawn from the October 2021 Highs, after having broken out above that same Trend Line back in October 2022 So Price went from giving a Breakout to New Highs of 18,887 in Nov 2022 to slipping back below 18,000 and now it is back below the Very Important Trendline of Oct 2021 This is a Signature of a Classic False Breakout or what you may call a BULL Trap ! The Chart is as simple as it can be for you to understand with the Trend Lines and the Arrows There is a saying in Technical Analysis: "From False Moves come Fast Moves in the Opposite Direction" So Expect the Bear Market in Nifty 50 to Unfold from here Downside Targets are Now Open for: 1) September 2022 Lows to Breaks 2) June 2022 Lows to be Challenged Next
NSE:NIFTYShort
by T_Harth
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
Why are the Indian Markets falling?In the past couple of days, Indian markets have shown a major correction. The Nifty Bank Index corrected more than 6% while the Nifty50 Index came down by more than 3%. The main reason for this correction is the research report published by Hindenburg Research (A US based investment research firm) which suggested that Adani stocks may crash upto 85% crash purely based on fundamentals and also highlighted some major irregularities in the business and accused them of pulling 'The Largest Con in Corporate History'. The research firm has opened short positions in Adani securities in the international markets. This may also disturb the upcoming Adani FPO. All the companies that fall under the Adani group have shown a major crash with huge today: 1.Adani Enterprises: -18.52% today i.e: -627.50 2.Adani Green : -20% (lower circuit hit) i.e: -371.55 3.Adani Ports : -16.29 i.e: -116.20 4.Adani Transmission: -20% (Lower circuit hit) i.e: -503.55 5.Adani Power : -5% i.e: -13.05 6.Adani total Gas L: -20% i.e: -732 7.Adani Wilmar L : -5% i.e: -27.20 Gautam Adani, the chairman of Adani group lost more than $20B of wealth in a single day according to Forbes. Thus, going to the 7th rank from the 3rd in the richest people in the world list. This report also highlighted the amount of debt on the Adani group, this created a fear of banks defaulting the loans and major banks like HDFC Bank fell almost 2% and SBIN who is also the biggest money lender of Adani group corrected by 5%. This in turn dragged the Nifty Bank Index down. For the next few days, it is best to avoid trading Banknifty as it is going to be very volatile in the coming days and technical analysis won't be reliable in this type of news driven market and day traders should prefer trading Nifty. However, option premiums will be very expensive due to the IV spike in the market. The closest buying zone for Banknifty is above 40820 only if it sustains above it for minimum 20 minutes. The aggresive buying zones are 41500 and above. Stocks in the IT sector and Reliance need to show strength to bring nifty up. Investors should be ready for a few more bearish days. The market may show signs of reversal after the Union Budget if there is some positive news in it which will be revealed on the 1st of February 2023. Disclaimer: Not investment or trading advice
NSE:BANKNIFTYShort
by Shivraj_Patil_
TESLA Short, Head & Shoulder TOP!$TSLA aka Elon Musk's Tesla CMP= $204.99 Attached: Weekly Price Chart as of 14th October, 2022 - Price has triggered a Head & Shoulder TOP Pattern Breakdown - Tesla still has a PE of 74 which is Overvalued and Expensive compared to Peers and Unsustainable in a FED Tightening Environment Elliot Wave Counts say that a Larger Degree 5 Wave Impulse in Wave 1 has completed from its 2019 Low and Now Price is in Larger Wave 2 down. The normal target for Wave 2 is considered as the 4th wave of lower degree. And in this case it comes to around $130 to $110 as the Target requirement So Price can Half from here literally. SUPER BEARISH, Perfect Short🐻🩸 Downside Targets🎯 are open to in order: T1= 180 T2= 135 T3= 110 Ultimately Tesla may find Support at the $100 round figure mark but will it be the final bottom or just another bear market rally from there will be seen that time
NASDAQ:TSLAShort
by T_Harth
1