Elliottwaveprojection
Looking like Yesbank is ready to bounce back upside...
Looking like Yesbank is ready to bounce back upside to complete Elliott 3rd wave.
RSI bullish divergence...can see upside soon.
Bank nifty bullish for some timeBank nifty seems to be bullish for some time if my marking goese right then it would be bullish for at least some more time
A tale for Bulls.Traders and some people are still biased bullish after we broke the long term support trend line , the market is trying to say something follow the trend MA's are curling down price is out of the weekly Ichimoku cloud my next confirmation of a longer term bear market will be if we have a monthly MACD cross ,3 day CMF going negative , weekly RSI going below 40 , Volume is drying up and it only picks up on the sell side, on the flip side people are misleading others to buy the dip if you are a pro you can buy the dip and get out but if you are a retail investor wait for the right moment let the scales tip, Next misleading fact institutions are buying lets be realistic here they are not stupid they have fund managers and TA analysts with vast years of experience and they wont buy in unless there are clear signs of reversal.
I am neither a Pera bull or a Perma bear , I just follow what the trend says. Now as I am doing this full time I'll keep on updating this chart every Sunday as the timing of this correction might change or a particular wave gets invalidated. Shorted my positions at 15500 and 13000.
BNF is still UPBNF is about start its 5th leg of C wave (zixzag), HENCE we can expect some high in coming days
bank nifty seems like going to hit new highs As per the current movement its seems lile wave 5th of larger digree is just started , and point of invalidation to this projection is 27568
nifty still bearishNifty is still seems like bearish, as you can see there are many more legs down pending to change the trend
USDINR IS BULLISH OR BEARISH? 30TH AUG SET UPThere are two different scenario one is yellow in which 5th wave ( upward) movement is still on
another one is green line in which 5the is completed and down trend is on
Nifty Sell Bias ( Elliot Wave Cycle UpdateHaribol !
Had posted a sell idea yesterday ...Sold @ 11135.
idea is in related ideas
Rationale of Nifty probable future movement to 5th wave completion near 10500.
Good Luck
Nifty weekly chart analysis Elliot wave from 1990 till 2019Here is a chart of weekly Nifty. Some observation from 1990 till 2019.
So here I think we saw the highest level of Nifty @ 12103 which let us assume as completion of Wave 5(Elliot wave).
Now we have entered the bearish zone which is going to be volatile as seen in the year 2k and 2008...
2019 can be the third phase of correction for the Nifty index. Now if you see the charts please also see that whenever
the bearish wave C is complete it bottoms out somewhere near wave 4 low approx.
So, if we assume that this is actually a slowdown and we may see a crash, our lows are placed somewhere near 6825 which
is low of wave 4. This is just a probability of how the market could crash in the next 6 to 12 months. Right now we don't have any such events happening in our country that we may see 12k plus nifty so soon. The global economy is slowing down guys!!!
Red thin lines near the CMP are the immediate supports. A selling is seen for the last 9 weeks which may result in a pullback. So, everytime we pull up, its just sell on rise. Do not invest every penny now. If nifty is seen at half levels from here
everything will be at cheap levels. Be wise and rise in the market.
BANKNIFTY - PRICE MOVEMENT 1.Currently trading slightly above support 28329 & 200 Period EMA in day chart
2.Though overall sentiment is bearish, elliots wave and late recovery towards market close suggests the possibility of pullback
3.On bullish side,Price might go up-to 28581 or 28770
4.On bearish side, if it breaks and crosses below support 28329 & 200 period EMA,then it can go up-to 27730
Gold next level we are in wave 5 according to me !!! we are going to see correction till 2nd trend line . you can long there .. hope for best cheers... this is purely my analysis please analysis before trading
BTCUSD Elliott wave count Target 15K 18K BTCUSD update we moving choppy zone now possible flat correction
if we hold 9700- level and print higher low 10K then next run will be 13K 17K 18K
the possible sideways market 2nd wave
invalid below 7400.
Nifty : Basic Elliot Analysis (Minuette Degree)the provided is Nifty's Elliot Analysis of Minuette Degree
being sensitive to perspective the given structure may differ for other Elliotician's & we respect that, so feel free to share Ur's!!
if you have any queries regarding above idea or any other stock feel free to D'M
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