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Cycleanalysis

INDUSINDBK (M)INDUSINDBK (M) is in an uptrend (ascending channel). An ascending channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterise this price pattern. Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows and an upper channel line that joins the swing highs. 1) An ascending channel is used in technical analysis to show an uptrend in a security’s price.  2) It is made up of two positive sloping trend lines drawn above and below a price series depicting resistance and support levels. 3) Channels are used commonly in technical analysis to confirm trends and identify breakouts and reversals. After a COVID FALL, INDUSINDBK is facing a resistance trend line which INDUSINDBK broke on the start of August. If INDUSINDBK breaks and sustains above 1250, then 1500, 2000, and 3000 will easily come in future uptrend months.
NSE:INDUSINDBKLong
by Charts_insiders
ICICIBANK perfect example for cycle stockEvery Stock is having bad phase and good phase in their life span. Good phase will give up time cycle and bad phase will give down time cycle. When you are trading on that time you forget the stock is up cycle or in down cycle and you trade blindly which results in draw down in your system. Till you include the time in your analysis with price your system will not get good results. You can take Lunar cycle as daily chart reference point for in your candles or Sun cycle in weekly time frame or cycle indicator of tradingview. Please like and follow if you like the explanation.
NSE:ICICIBANKEducation
by siddmuk2005
BankNifty - LongTerm / ShortTerm Outlook (Time Cycles)Long Term Outlook We picked time cycle tool available in drawing tools & tried getting dominant lows & highs. Over the process we realised that 18 Week cycle is dominant & running for Bank Nifty Index giving us important lows & highs. Next low could be due in middle of the Oct 2022 which could be shifted to close to Nov 2022 if current high holds at 39759 which was identified as the recent high Cycle Analysis Cycles are always measured from low to low only but at times we can break that rule for analysis purpose & we can even take low to high but these won't be termed as cycles because cycles are always low to low. In Cyclical Analysis Low = Trough High= Crest Short Term Outlook We identified an ending diagonal which marks the end of the trend & usually occurs later in the trend signifying that we could be close to the tops Till the the high of 39759 is intact we assume that another wave is pending downside & have to review again if 39759 highs are taken out on upside. On short term basis a parallel channel is used to get possible resistance zone which could be upper end of parallel channel close to 39300-39400 zone . If halts at the top then we may assume that fall may start or if Index fall below 38803 lows Thank you for watching the video & have a nice weekend.
NSE:BANKNIFTY
by WaveTalks
15
Nifty wave counts from 15183This is one of the rare case where a 3 wave move up has a C wave extension greater than the regular 1.382/1.618. In super-extended moves, we have seen C Waves extend to 2.0 and even 2.618 of wave A. What determines the future move is the speed of reversal post completion of Wave C/3. Another supporting evidence for it being a wave C and not wave 3 is that the initial moves prior to wave C was a clean Wave A i.e. a 3 wave move contained withing parallel lines, whose subwaves tended to equality. A bull case could be made that - no it was a 1-2-i-ii and not an a-b-c within Wave A, but generally in 1-2-i-ii, the lower degree 1 is shorter than the length of the higher degree 1. Here, both waves tended to equality. Hence an argument for it being a wave A is stronger. Now we will have to see how price behaves at prior wave 4s of lower degree. Immediate supports are offered in the range of 17150-17450, which is the range of the Wave 4 of lower degree. A corrective rise from there will confirm that we are going further lower. Will revisit this developing idea once we are at 17150-200. -ansible/entropy
NSEIX:NIFTY1!Short
by no_aha
Nifty spot good short candidateNifty spot cmp 13000 Elliot wave study :- on weekly time frame major elliot wave impulse phase is on verge to mature,, 20 year cycle is on verge to mature,, now if corrective wave unfolds there can be price wise and time wise correction on index.. Wave 1 is of around 5510 points ,, wave 3 is or around 10175 points which is longest and strongest wave of impulse phase and perfectly 2 time of wave 1,, wave 5 is of around 5600 points almost same as wave 1..wave 2 have corrected around 78.6% of wave 1 which is perfect retracement as per elliot wave theory.. wave 4 have retraced around 50% of wave 3 which is also as per theory.. RSI divergence :- Price is consistently making higher high from the peaks of wave 3 to wave 5,,where is RSI making Lower high high bearish divergence,, historicaly most of time it is observed that when there is bearish divergence and RSI touch 70 levels it tends to fall.. at the moment RSI is almost at 70 levels. Chart pattern :- Rising channel formation structure can be seen in whole impulse phase,, where Support and resistance line are well respected through the cycle.. at the moment index is trading around the resistance line of the rising channel pattern,,and overbought as per concept of price action..
NSE:NIFTYShort
by RUDRA007
10