What I have tried to explain is Nifty complete cycle structure:
cycle (1):
wave 1, has been completed @1380 (sept 94)
wave 2, has been retraced to@ 810 (nov. 98)
Now against there is a good impulse ended 1816 (Feb 00) but next wave retraced below the origin of wave 1 (this could be sub cycle) sub cycle wave 2 got completed 847 (oct 01)
link:
Now sub cycle...
Happy Independence Day!
(For all the Flag patriots, know that these flag-drawings are just symbolism.
These are not Indian National Flags, since they dont hv Ashok Chakra! nor official correct dimensions.)
Weekly / hourly Flag patterns ! Pick your Winners!
Axis(w)-->
Nelco (w)-->
Sbi (w)-->
Bajaj Electrical (4h)-->
Airtel (w)-->
Jindal...
Hi,
This idea is about the very promising ABC pattern and the most optimal ways to enter into this pattern.
✅ABC Pattern
This is considered as a continuation pattern.
There has to be a strong trend up/down in the background.
Wave A: Minor correction against larger trend, usually not more than 5-10%
Wave B: Another attempt to push the price higher but could...
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A derivative is a contract or a product whose value is derived from the value of some other asset known as underlying. A variety of underlying assets serve as the foundation for derivatives.
These include:
→ Financial assets such as Shares, Bonds, and Foreign Exchange.
→ Metals such as Copper,...
> The global market marks a neutral start.
> Market nature is bullish. If the market opens a gap up, the market will continue to the rally. The important point here is that the market should not break the previous day's low (Nifty) (Bank - 38813).
> On the other hand, an advancing wave is a supply wave, so watch carefully, if the market experiences a sharp...
GBPUSD retreats from the 11-week-old descending trend line as the traders await the first readings of the Q2 2022 UK GDP. In addition to the trend line hurdle, the 38.2% Fibonacci retracement of the March-July downside, near 1.2345, guards the pair’s immediate upside. Following that, the 100-DMA hurdle surrounding 1.2435 will be in focus. In a case where the quote...
Bearish Bat Harmonic Pattern at the tops of 38231. Sell Triggers below 37941
Trading Strategy
Traders have to sell once it triggers below 37941 with recent high as stop loss later.
Targets
1st Target - 37655
2nd Target - 37522
3rd Target - 37249
Thank You.
Hey everyone! 👋
Today we are going to share an informative write-up about the “Cup and Handle” pattern along with a few exhibits that may help you solidify your understanding of this chart pattern.
Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular...
odrej Properties has been bearish from 2021-10-14, As seen from wave structure it looks in primary wave 2] and may have completed its correction near 1133 level. We are assuming ABC of correction has been finalized and it has started an impulsive move towards its all time high. The 1133 will be an invalidation point for this impulsive move. Long can be initiated...
As visible on charts CNXIT has given a breakout from multiple reversal patterns
which are Island Reversal, Double Bottom, Inverse Head & Shoulder.
CNXIT has formed double bottom around 26450 along with RSI divergence
and finally given its breakout at 28600.
The index fell with a gap and also reversed with a gap hence, leaving
behind an island and showing an...
Himadri Speciality is forming flag & pole Pattern in a daily chart frame.
If today's candle close above 88 range, then we can see a clear breakout and it should confirmed by next day candle.
After this breakout stock will test 93 range first, once it break 94 range, it has a potential to reach 112 range as per the pattern.
Ideal SL will be below 78.
Wait...
The global market is marking a negative start. My opinion is, that it will be a minor correction. Once the minor correction will over, then we will expect the rally continuation. (17200 & 17000) & (37500 & 37000) is a strong OI support.
