BEARS WAITING FOR RIGHT PRICE TO SHOW THEIR POWER (SELLERS) BEARS WAITING FOR TO SHOW THEIR POWER ...WAITING TO CORRECTION MOVE.....LEVELS AND SL ,,WAVE IN CHARTS.....ENTER AT RIGHT PRICE.....CHANNEL TRADING
ZONES ARE ATTACHED...WAVES ALSO WORKED......U LIKE THIS ..JUST HIT LIKE BUTTON TO SHOW YOUR POWER
NSE:ICICIBANK
D-WAVE
YESBANK: As I said nearing second bottomWhen I posted a chart on YESBANK on 17-11-19, the price was 68.70.
I said that YESBANK will form triple bottom. Now it has came all the way down to 40 to find the second bottom. CMP - 43.55. The stock price is not yet out of woods. Chances for some 3 rupees up (47) and then 8 to 10 rupees down(36-38). If it goes up from this level or after finding bottom at around 36 it will move up to 80-100 rupees and then come down to form the third bottom. This is according to my EW knowledge and labelling. Do your own analyses based on price action and act accordingly.
BANKNIFTY: The power of ending diagonalThough I predicted earlier 31000 as bottom of wave (IV), had I not missed the ending diagonal of lower degree of wave v (marked as a wedge) of wave (IV) in lower TF, I wold have predicted end of wave (IV) correctly. The power of ending diagonal is evident from the 1000 point movement in a span of 2 days and less than an hour.
Wave (V) will be formed in 3 i.e.,(A),(B) and (C). Now wave (A) in progress. There may be another 200 points movement to complete wave (A). Then move down to 31800 level to form wave (B).
Actually wave (the breaker represents circle in my previous charts), is unfolding as an expanded ending diagonal, which is more powerful than converging diagonal.
BANKNIFTY: Ending diagonal nearing completion.As I said yesterday, today wave (B) completed. Tomorrow will be a volatile and trending day. Most probably Wave (C) will be completed fully or 70%. When wave (C) completes, wave (5), ,C,(B) of higher degrees also will be completed. Once these waves completes, wave(C) of 4 will be commenced. As the ending diagonal has developed as an expanding diagonal the fall will be heavy.
Housing Development Finance Corp Ltd (HDFC) DAILY WOLFE WAVE CHAHousing Development Finance Corp Ltd (HDFC) DAILY WOLFE WAVE CHART
HDFC STRONG SUPPORT AREA IN DAILY CHART 2025-40
IF HOLD WE SEE GOOD UP TRADE
BUY HDFC AT 2040-2025 WITH TIGHT STOPLOSS 1960 FOR TARGET 2200
RISK / REWARD RATIO : 2:0
SAIL (PRICE TIME AND TREND ANALYSIS) SAILSAIL ! No doubt is a worst performing PSU for few trailing years.Its because of the heavy capital involved in the nature of business and of-course the government interference that has done enormous injustice to the stock. Now talking technically with a few months time view, a small bounce is expected with a peak to be created near to 17th OCT 2019 and then again a downtrend can be seen in the stock. The reasons for the stock to rebound to the level of RS 35.45 is, as it has recently touched the ARC retracement and the sweet zone reversal from the WOLFE WAVE it has created.
Nifty Multi Dimensional ViewMy teacher once told me, Gap ups or down must be taken seriously. Imagine the nifty as a particle and in the price path it went missing, giving no clue how it reached there or how it was about to reach there. At that particular price levels we don’t know how many buyers-sellers and who all are stuck. May be they will not accept the loss so easily when they were not given any chance to recognize the trend early and wind up their position. They will definitely react.
I see Gap ups or Downs are like Black Hole, which you use as a gateway to enter a completely new world and come back, but the particle in-order to survive or pass through must have a good velocity (NIFTY – PREFERABLY ABOVE 0.13%) at the event horizon or else it will leave the gap unfilled and retry to fill it again.
We can see a gap down of almost 65 points at 11030 level and Nifty trading near to that but while approaching even the second time it lacked the velocity. Surprisingly at 10849 levels there is a gap up of 30 points creating an assuring conditional probability for Nifty to reach there before going for an upward voyage. Almost everyone is bearish on 5 to 15 Minutes Chart but believe me you need to wait till TOM 9:40 A.M before being too sure about the movement or taking position.
Time retracements of the previous low to low have already indicated the reversal at 15:10 P.M (Friday). And the low to high indicates a reversal at 9:40 A.M (Monday). And if this works out right then the low is expected to be created on the next day, which would be reversal point as well. And this fall would determine when would be the next move for the upward gap. A gap down would make the assumptions more accurate.
If the market open with a gap up above 10965 then the computation would be quite less as we can go for short at a first reversal sign with the high of previous candle as stop-loss.
Time plots are in different colour for better understanding. Dotted lines are the predicted time for reversal of trend, where 0 & 1 is user defined and the above numbers are predicted referring a particular wave.
HDFC (WW - SPACE TIME)HDFC has been a roller coaster ride for past few months. But surprisingly a wolfe has been formed in the mean time with a target of 2236 and next or 2400 in long term. But in the short time the filling of the small gap in-between 2058 and 2071 would have indicated a healthier growth (Not necessarily because from last 8 trading sessions it has been respecting the 50% level ie.2084 ). By filling the gap it would also touch the retracement at 61.8%, again a good sign.
If the low of 23rd august is broken and new low is created, then the stock has to stay in the downside for a long time even-though the market would be doing good. So most probably it will bounce back from the current level and match up with upcoming market after Chinese stimulus infusion.And focusing on the time retracement as the top has been created at exactly 2 and 5, a new peak can be expected in between the 5 and 8.
HDFC longBullish for R1, R2, R3 as targets mentioned on the chart.
SL 2126
Use dips near 2155/65, or as per your strategy for given targets.
Regards
Sharma Yogesh
Reliance two channel, future expected move projection,Wait for Tail to trade. There're two channels , one is yellow which closed and another channel till final wave remain. A (5) wave projection is plotted on the chart with considering control price and no trade activitie s area.
I have also used the timeCycle but did not add it here cause of complexity .
Support as Value High at 1254 nearby.
Last candle showing price rejection.
Channel Pattern Closed out for NIFTY?Pattern CLOSED ?
As per my Theory, 5th wave always give you fired move as seen past. You can also check perfection on BANKNIFTY too.
Tomorrow morning, I will update you what is going next?
If this is an excess of channel, then target is 11650 nearby and Resistance 11666.
--> Let me remind you.
On the date, Jul 12 2019 C hannel first d rawed by me.
Exactly NIFTY was moved to (4) and U-Turn has taken directly to control price.
Jul 15 2019, I pointed out (5) wave on this chart.
Finally, (5) wave was printied by me on the date of Jul 17 2019 and Taken Resistance.
Do you think t hat IS THE CORRECT visualtion?
BankNifty at support of channel while Nifty is -ve.
Banknifty also difficult to understand as wave movements.
Price is near the channel support.
Smaller positive new can boost banknifty to upward from the value low.
While nifty is weak and Banknifty is positive which indicate the direction is not clear and market waiting for news.
Silver : Wolfe PatternSilver looks to have formed bullish Wolfe Pattern on daily chart. Breakout has already taken place. Silver should touch $15.65 by ETA of 13th May 2019 (converging point of wedge). Wave 1 took 11 days , wave 2 took 11 days, wave 3 is much shorter and took 4 days (aberration), Wave 4 took 10 days. If we go for symmetry then we won't find as Point 1 to 3 took 22 days but point 3 to point 5 took 14 days.
It is up to the analyst to consider it Wolfe or Bullish Wedge pattern. Stop loss of buy would be on close below low of Point 5 which is $ 14.70 (margin of safety).