Bank Nifty-Cracks 31490 to 31000 in H&S Pattern(Target Achieved)Head & Shoulder Pattern Formed --------------Key Level 31500 Holds & Index falls approx. 500 points just below 31500
Heading for Target 2 - 30500
Prior to that - Buy target was achieved from close to 31200 levels suggested on 1st Jan2021.
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Bank Nifty Last Idea - Buy Above 31200 & Sell Below 31500
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Elliottwavecorrection
Banknifty Deep Zig Zag correction in Wave (4)DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
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Bank Nifty - Catching The Bottoms At 29000Last Price- 29265 / 13:15 Hrs/ 22nd Dec2020
Risky Traders - Buy Position Taken close from 29000 levels - updated in the last idea mentioned below & discussed over the current video idea
Safe Traders - Have to Buy Only Above 29450 for 29750 / 30000 Upside Target
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Bank Nifty Last Idea @ 21st Dec2020
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BankNifty - Cracks from Top @ 30900+Index opening weak tomorrow can finish the downside target of 27750-28000 as suggested to sell below 30700 / close to 31000 in last idea
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BankNifty Last Idea
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Reliance Getting The Crack from Top of the last wave in the proposed triangle
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Reliance - (Update) 5th Wave May Start SoonSell Setup not activated & was clearly suggested to sell only below 1895
Trigger Point - 1950 ( Once Stock Falls- Manage Your Risk Accordingly) - not valid above 1950
Target Downside - 1895 / 1835 / 1750
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Last Idea
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Reliance -5th Wave May Start Soon Below 1895
COFORGE: ZIGZAG CORRECTION , confirmation After giving a five waves down , the stock has made a 3 wave upmove in a parallel channel whose breakout was seen in the friday's session. One should make a short position keeping a stop loss a bit higher of just recent high that is 2500 level and wait for the target below the recent low which is 2077.
Reliance- 5th Wave May Start Soon Below 1895 (Wave Analysis)Last Price - 1947 / 17:13 Hrs / 5th Dec2020
Traders Sell Only below 1895 for
Target- 1835 /1750
*Not falling below 1895 will suggest Wave-4 is still on going & will take few more sessions to complete
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Last Selling Done at the Tops of 2095
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AUDUSD: FLAT CORRECTIONOn a larger degree front , AUDUSD made a 3 down & 3 up wave formation which suggests that a FLAT pattern is in formation,as long as it maintains below the previous highs. An ending diagonal is forming on lower degree as wave-c which suggests that the 3 up formation is going to exhaust . We should see a five wave down rally if the flat corrective pattern is forming !
Reliance- Cracks 3% - Has Wave 4 started? Downside (Top-2093)Not A Trading Call. Just for Educational Purpose
Last Price-2010 / 11:46 Hrs / 11th Nov2020
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Recap
Fall Below 2060/2065 which was updated in the last idea published as mentioned looks like an impulsive Wave-3 down finished the fall from 2310 to 1835 lows.
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Present Day @ 11th Nov2020
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From 2370 Highs - It can be counted as 1-2-3rd wave done at 1835 lows - wave 4 possibly done today @2095 & falling in wave 5 next
Current upside move from 1835 to 2095 retraced close to 50 % can be possible wave-4 done at the tops (not confirmed yet)
Next Support (Don't forget) -1990-2000
Question to ask - Was that Wave 4 done at the tops today or a part of corrective sequence
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Early Snapshot
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