"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...
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...
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...
Silver had a strong run up till 86k, after which profit booking was seen which brought it down till 83k.
Now, pull back of the first wave of profit booking seems complete, which gives another opportunity to take a short trade.
"Good morning, friends! Here are the directions for April 16th:
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 -220 point decrease.
GiftNifty indicates a long gap-down, so I don't know where it will be...
"Good morning, friends! Here are the directions for April 16th:
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 -220 point decrease.
GiftNifty indicates a long gap-down, so I don't know where it will be...
"Good morning, friends! Here are the directions for April 15th:
The global market trend is 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 -120 point decrease.
I'm really sorry, I can't say exactly how the market will react today...
"Good morning, friends! Here are the directions for April 15th:
The global market trend is 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 -120 point decrease.
I'm really sorry, I can't say exactly how the market will react today...
Hello, Just zoom out daily chart you can clearly see wave 3 is extended.
Elliot wave -
The Guideline of Equality says that two of the motive sub-waves in a five wave sequence will tend toward equality, which is generally true of the non-extended waves.
This means that, when Wave 3 of an impulse wave is the extended wave, Wave 5 will approximately equal Wave 1 in...
Stock is about to begin either next 1-2 leg or 3rd wave.
After ATH break 1k+ possible, apart from stock is expected to post good results.
If stock breaks last sessions gap candle high then can ride it otherwise more consolidation can be expected.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its...
Good morning, friends! Here are the directions for April 12th:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -130 point decrease.
Previously, Nifty had a solid pullback after a minor correction. But today,...
BankNifty had a solid pullback in the last session. But it may open with a gap down. After that, if it finds support around the Fibonacci level 38% (48465 to 48378), then we can expect a range market that may experience a minimum of 38% to 61% pullback wave. On the other hand, if it doesn't sustain or undergoes minor consolidation around the Fibonacci level 38%,...
Good morning, friends! Here are the directions for April 10th:
There have been no changes since the last session. The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a slightly neutral to a gap-up start, as suggested by Giftnifty, showing a +60 point...
Banknifty also has the same structural sentiment; it has closed at the Fibonacci level of 23%. If the market opens with a gap-up and sustains it, then we can expect the rally to continue with minor consolidations. In that case, we can expect a minimum range of 49,021 to 49,183.
Alternatively, if the gap-up doesn't sustain, we can expect the Fibonacci level of 38%...
