Its bullish but not for long term prize can retrace and break avgs of minor wave 2 of 5 avgs should hold the prize for this view
Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ----------------------------------------------------------------------------------------------- Copper Outlook...
"Good morning, friends! Here are the directions for May 6th: There have been no changes in the global market; it's maintaining its range, while our local market sentiment also indicates a moderately bearish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +100. Nifty fell drastically in the previous session, so the...
BankNifty differs slightly from Nifty. It has already finished the three-wave structure, so if the gap-up sustains, we can expect rally continuation with minor correction that should break the minor fib level of 38%. Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then it might turn into a diagonal pattern."
Just for educational purpose trade at your own risk. I only trade Indian markets.
"Good morning, friends! Here are the directions for May 7th: The global market has moderate bullish sentiment, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +12. Both Nifty and Bank Nifty have the same consolidation structure. If...
Both Nifty and Bank Nifty have the same consolidation structure. If the market initially takes a pullback, then we can expect a minimum of 61% pullback. After that, if it rejects sharply, then it might correct again, meaning it may return to its morning opening level. However, if it sustains around 61%, then the rally will likely continue with minor...
Choose parallel channel . Then connect the end of wave i to the end of wave iii and make a parallel channel connecting to the end of wave ii. Only if the channel is broken on the lower side with resistance , we can conclude that wave iii is over . If the parallel channel gives support it means we have a 1-2-123... in progression . Investors should hold because...
As we could see from the chart the way how XAGUSD presented beautiful patterns every time before a breakout. Now looking it from the left side of the chart it seems pretty easy to create multiple good trading setups but what's tough is doing the same to the right side of the chart where the UNKNOWN lies. That's what would take years of experience to interpret and execute.
BankNifty differs from Nifty. It didn't have as much of a pullback yesterday. So, if the market opens with a gap-up, then we can expect the fib level 78% with minor consolidation. Alternatively, if the gap-up doesn't sustain, then we can expect an initial range market between the opening price and the fib level 50%. After that, if it breaks that range either...
"Good morning, friends! Here are the directions for May 3rd: The global market is still maintaining the range, while our local market sentiment also indicates a moderately bearish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +80. Nifty has been moving in a diagonal pattern. So, if the gap-up sustains, we could...
Near ATH, Always focus on right entry with max 6-7% stop loss. Part booking is what you need to opt for time to time when stock is about to consolidate. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your...
Good morning, friends! Here are the directions for May 2nd: The global market is still maintaining a moderately bearish trend, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +30. Nifty and BankNifty...
Good morning, friends! Here are the directions for May 2nd: The global market is still maintaining a moderately bearish trend, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +30. structurally there is...
NSE:HCLTECH Weekly and Daily TF analysis Wave 4 correction looks getting over Wave 5 Rally shall resume
Timeframe: Daily NSE ASIAN PAINTS has been undergoing a corrective phase for about 80 weeks, with its price confined within a range of 3329 – 2938 , excluding excesses. The ADX indicator has declined to 21, while the average true range (ATR) stands at 43. Presently, the price has breached the 20-day exponential moving average (EMA) and is trading below the 50,...
BankNifty has a solid bullish structure, so if the initial market rejects, we can expect a maximum retracement of 23 to 38% because it could be in a 4th correctional wave. Alternatively, if the gap-up sustains, then we can expect rally continuation with minor consolidation.
Good morning, friends! Here are the directions for April 30th: The global market is still maintaining a moderately bearish trend, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +20. Structurally, Nifty doesn't have...