#finnifty - the global market indicates a positive start. The market nature is moderately bullish. It may start with Gap-up. After that, if the market rejects around hsz to swing high, then we will expect a minor correction. On the other hand, if the initial market declines sharply, then we will expect a correction. That should break the fib level of 38%.
#banknifty - the global market indicates a positive start. The market nature is moderately bullish. It may start with Gap-up. After that, if the market rejects around hsz to swing high, then we will expect a minor correction. On the other hand, if the initial market declines sharply, then we will expect a correction. That should break the fib level of 38%.
#nifty - the global market indicates a positive start. The market nature is moderately bullish. It may start with Gap-up. After that, if the market rejects around hsz to swing high, then we will expect a minor correction. On the other hand, if the initial market declines sharply, then we will expect a correction. That should break the fib level of 38%.
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Its explained in the chart we could reach atleast 17350 (if not more on the downside) If the 4 point resistance trendline is not breached on the upside . Longs need to be careful .
The global market indicates a neutral start. The market nature is range bound. It may start with neutral. After that, if the market rejects around hsz to swing high, then we will expect a minor correction. On the other hand, if the initial market declines sharply, then we will expect a correction. That should break the fib level of 38%.
The global market indicates a neutral start. The market nature is range bound. It may start with neutral. After that, if the market rejects around hsz to swing high, then we will expect a minor correction. On the other hand, if the initial market declines sharply, then we will expect a correction. That should break the fib level of 38%.
The global market indicates a neutral start. The market nature is range bound. It may start with neutral. After that, if the market rejects around hsz to swing high, then we will expect a minor correction. On the other hand, if the initial market declines sharply, then we will expect a correction. That should break the fib level of 38%.
SGX nifty indicates a positive start. The market nature is moderately bullish. It may start with a gap-up. After that, if the market takes a minor correction, that's a sign of pullback continuation, it will reach 61 to 78%. On the other hand, if the market rejects sharply around 61 to 78 then we expect correction continuation. It should break fib level 38%.
Hello Traders!
1. The previous count wasn't respected by the market. So we had to check for a new count . After re-analysing the Nifty 50 market, we realised that it is the Wave C of the correction that is in progress .
2. We have a major support of 15300 . That's where we expect the market to be soon. An overall fast, impulsive movement.
3. The only ...
In the previous idea, we initiated a short position in NSE BRITANNIA to trade wave C of wave (4). Price reached all the given targets.
- NSE Britannia – The Last Move of Correction
Timeframe: Daily
NSE BRITANNIA has accomplished wave C of wave (4) and started rising for an impulsive wave (5). This corrective wave (4) has a 38.2% retracement, one of the...
f the low at 4.55 is broken, then the price is likely headed down below the 2.40 mark.
However, if the high at 10.10 is broken then the odds of price moving up would significantly increase (at least in 3 waves if not 5).
NSE:NIFTY
Retraced towards sub wave 4 low as per #Elliottwave
Wedge formation with RSI Positive Divergence.
Near Support zone . Breakout of 1 year consolidation.
And Uptrend Line.
With Market Mood in Fear.
High chance we are nearing end of Correction in wave 2.
This is based on the Elliott Wave Theory. The current structure can be assumed as a triangle due to internal ABC formations. This suggests that the price would remain bullish from the current levels.
Shorters should be aware and cover their shorts at strong support level given on the chart . For people who want to go long should wait for reversal signals like hammer , morning star , bullish kicker etc which have become support in action at the levels indicated below for wave ((V)) journey
Inverse Head and Shoulders Continuation:
This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder.
At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large...
