We witnessed a 650 points fall in bank nifty, but it didn't reach the target levels predicted. Today's fall could be the Vth wave of wave 3. The day ended with wave 4. So, over one or two days, we should see a more significant fall in wave 5, taking the index to the support levels (45815 & 45660). The wave numbering is shown in the charts. The wave counting...
Good morning, friends! Here are the directions for March 18th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -30 point. Nifty has a range-bound...
Banknifty showed a solid pullback structure in the last session. Giftnifty indicates a negative start, but structurally, it has a minor pullback continuation. So, If the market finds support around 46296 to 46176, we can expect a range market or pullback continuation. On the other hand, if it breaks the previous low, then the correction will likely continue."
"Good morning, friends! Here are the directions for March 19th: there is no significant difference in the last session. The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a gap-down start, as suggested by Giftnifty, showing a -80...
Banknifty has a diagonal structure. So, if the market breaks the previous low, then the diagonal will continue further, and we can expect a minimum of 46197 to 45948. If it finds support there, then we can expect a minimum of 23 to 38% pullback wave. Alternatively, if the gap-down doesn't sustain and breaks the diagonal pattern, then we can expect a range market...
Axis bank looking very attractive at this price range, recently it beached trend line but that must be a fake breakdown. One of the fundamentally strong stock just Buy On Dip 📉 We may see Targets of 1300 in upcoming months 🔥
Biotcoin Target as per Elliot waves. It's just a projection. further targets and retracements levels we have to wait and see the moves. If this monthly closing is above the previous high then the targets mentioned in the chart are confirmed. We don't predict the market but based on the retreat and levels that targets are confirmed. let's go with the flow
I sincerely appreciate all the support thus far! Here are my insights on the Bank Nifty through Elliot Waves. CAUTION: The market holds the ultimate truth, and my analysis carries inherent uncertainty. Always keep appropriate stop loss for your trades. We've witnessed a considerable downturn in the market, yet I anticipate further movement southward. The...
I hope you are enjoying my forecast, if you love the content than kindly like and share it with your friends. Also keep following us for more neowave trading ideas. Thank you _____________________________________________ Degree full forms- L1 stand for Long term wave 1 and so on M1 stand for Medium term wave 1 and so on S1 stand for short term wave 1 and so...
As per Elliot's wave pattern on the downside, Bank nifty is currently moving in the 4th wave. The structure formed is one of the classical patterns of wave 4 - A horizontal flat. We have had enough volatility recently (again, a classic of wave 4), and now it looks like the final leg of wave 4 is ongoing. We could see a resistance trendline from which Bank...
Company:- Hindustan Unilever Ltd. Sector:- FMCG M Cap. :- 5.61 Trilion Technical:- On the hourly chart, smart money forms a falling (Bullish) wedge pattern and the last leg of the fall is completed soon at the 2330 level. So when #HUL tests the 2330 level that is a good time for creating a long trade, if you are a long-term investor you can accumulate this stock...
CE INFO SYSTEMS demonstrates a perfect continuing triangle pattern as mentioned by Elliott wave theory. Its always very satisfying to watch things unfolding exactly as expected.
On Weekly/Monthly chart it seems we are in a great long 3rd wave in progress. On Daily chart, we may have just completed 4th wave and might enter 5th wave on the yellow trendline break as shown hereby. We will have to see the price action and momentum near 640s and 650s and then plan to seek an upward journey until end of 5th wave on Daily time-frame. There is a...
It seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't...
It seems LIC Housing Finance will make a downward direction plan after the steady uptrend. As per the 15 Mins TF chart, it is making ABC structure after the trendline break. Also, there is a distribution zone / Supply Zone from where the price is falling. RSI is slipping downwards too. To confirm a downtrend, 630 needs to be broken with good red candle. If 625...
BankNifty Following Elliot Wave Long entry level around 47450 - 500 Target 47900 - 48200
1-2 1-2 wave patterns seen and gap up opening given today. The gap need to sustain and it shouldn't break invalidation level to continue upside momentum. Disclaimer: There is no guarantee of profits nor exceptions from losses in world of stock Market. FnO Trading is Highly Risky business you can loose more that your trading capital. This chart is solely the...
NSE:PVRINOX PVR INOX Ltd. engages in the business of theatrical exhibition and allied activities. It has 689 screens across 115 cities in India and Sri Lanka with 361 properties. It is headquartered in Haryana, India. Technical Analysis:- 1. Trading at a strong support zone and showing rejections from below. 2. it can form a C up leg in a triangle...