Good morning, friends! Here are the directions for April 25th:
The global market trend is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a decrease of -70.
Nifty had closed with consolidation in the last session. In this...
BankNifty slightly varies from Nifty. We have a clear correctional variation: if the market sustains the gap-down, it may go into flat correction, reaching a minimum of 47853 to the 38% Fibonacci level. One more thing, if it finds support around 47853-50, then we can expect a range market, possibly reaching the previous high again. But there's no problem if it's...
NSE:BSE is one of the oldest stock exchanges in the world is surely a value pick at current levels.
Elliott wave is a simple yet powerful technique to form a good trading setup!
It is important to understand this concept properly before trading or investing. If applied prudently with proper understanding it is very much possible to take investment or trading...
Banknifty also has the same sentiment, although it didn't experience as much of a pullback yesterday. So, here also, if the gap-up sustains, then we can expect a rally continuation with minor pullbacks. Alternatively, if it rejects around the supply zone or if the market initially declines sharply, then we can expect a minimum of 38% to 50% fib correction.
Good morning, friends! Here are the directions for April 23rd:
The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing a +30 point increase.
Nifty experienced a minor pullback with some consolidation...
NSE:NIFTY as per EW on hourly charts is suggesting that terminal 5th pattern is ongoing.
Short term correction is going on downside in form of wave 4 of Terminal pattern and then wave 5 can start which can be the final rally, you can also call it as a pre election rally before a major top is in place for 2024.
A meaningful top can be form after summer solstice...
BankNifty also has the same sentiment. It had a solid pullback in the last session, so here also we can expect minor correction only if it rejects around the immediate resistance level. However, if the gap-up sustains or breaks the immediate resistance with a solid structure, then the rally will likely continue.
Good morning, friends! Here are the directions for April 22nd:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing a +160 point increase.
Nifty had a solid pullback in the previous session. GiftNifty...
HSTECH has gone through a deep correction in last few years.
My wave counts suggest that the bottom has been made and it's the beginning of the next leg up/ or at least a big enough pullback of the entire fall - in any case a good bullish trade.
We have completed Wave 1 and 2 and Wave 3 has begun.
Within wave 3, just minor 1 has been done and wave 2 correction...
Stock Has Classic Wedge Unfolding. Buying Trigger Only Above 411. Once stock crosses upside above 411, It can zoom upside towards 510 & Above 510 for 840 in next few months or year ahead.
From
WaveTalks
Abhishek
Guys... I am sharing my analysis of Nifty over a longer time frame.
The Elliot waves are marked on the chart. Nifty is currently in the wave 3 of the primary cycle.
This primary cycle runs in smaller intermediate waves.
Wave 1 started on April 2023;
Wave 3 from November 2023;
Expecting wave 4 to end by April 2024, and we can expect wave 5 to begin from May...
Nifty 50 Wave Count And Targets
optional counts are in perple
Minimum after Ending Diogonal
Target 1 21763.10 if turns from here then 21956.45 - 22149.80
Target 2 21487.85
Target 3 21137.20
"Good morning, friends! Here are the directions for April 19th:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -350 point decrease.
GiftNifty indicates a long gap-down, so I don't know where it will be open....
"Good morning, friends! Here are the directions for April 19th:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -350 point decrease.
GiftNifty indicates a long gap-down, so I don't know where it will be open....
The B leg that went deep 95+% of A then failed tells us its flat correction.
After doing year long correction breakout in Dow was seen in Dec 2023
Good Chance is to have sharper up move once retest is completed.
Internal wave count may not be accurate and best if ignore, focus more on support area near breakout point.
Let me know your thoughts below
"Good morning, friends! Here are the directions for April 18th:
Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction.
On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...
"Good morning, friends! Here are the directions for April 18th:
Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction.
On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...
