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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Elliottwaveforecasts
APPLE : READY for TRIANGULAR THRUSTAfter the formation of bullish triangular structure with wave - e , as a final setback , stock has successfully crossed the level of wave-d . One should go long at current levels keeping the Stop loss below the level of wave-d (120$) or the lows of wave-e (112$)
The target level should be the recent highs that is 138$ and post that level the triangular thrust measurement which is the region of 144$.
Don't forget to go through the previous examples of triangular thrust. Below are the links available.
If you like the ideas and learned something, then please do support through likes & tell us your views into the comment section.
Reliance-Risky or Rewarding (Ongoing 5th Wave ) (Wave Analysis)Last Fall /Wave Downside- 2022 to 1855 was done in fast & furious mode as suggested in the last idea mentioned below
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Last Idea- Last Leg Running upside in Triangle close to 2000- Get Ready for Fall!!!
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Trading Strategy
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• Channel can provide resistance below 2022
• Careful in 2000-2022 zone
• Sell strictly below 2022 for 1900 / 1850 & lower targets
• Buy strictly above 2022 (once crosses upside & holds above the level)
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Thanks & Have a wonderful week ahead.
BankNifty - Supply Zone 30300-30450 Careful At Tops! Last Price- 30370/ 10:31 Hrs / 24th Dec2020
Index has supply zone in 30300-30450 so traders have to be careful. Next Buy should be only above 30450 or careful at the tops because if selling happens- Index can slip to 29800/29700 - 29450-29000 Downside Targets
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Short Term Targets Downside (Take Selling Only if Bank Nifty falls below 30375-30400 zone & starts moving down). No Sell to be taken if Bank Nifty crosses above 30400 - key level & 30450- critical level
29700-29800 (1st Target)
Positional Target
29000
Strict Stops Above 30450
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Last Idea - Bank Nifty Target Achieved 29000 to 30000+
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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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EURCHF: Is it the starting of Stormy 3rd wave ?In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF .
One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710






















