TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Risk:Reward: 3-5 times.
It seems like WXYXZ correction is over and fresh impulse started. With-in first impulse, we are in minor 5 of major1. Another possibility, is WXYXZ (W) and now ABC (X) is going. Later (Y).
After zig zag correction new impulsive wave is started, In new impulsive wave 1 and 2 is completed so from here 3rd wave started and target for 3rd wave is around 496-500
In 15 min time frame nifty may be completed 5 wave structure for the correction of C wave (violet color). As per my analysis NSE:NIFTY may form zig-zag structure. So, it is time to be alert before any buy or CE trade. Structure looks like still bearish. Important levels are marked on chart with comments as per my analysis. Please check carefully. May be right...
Today played out as expected and we completed minor wave 3 and 4 possibly. We might be in minor wave 5 down which seem to be sub-dividing. Overall the larger wave 3 down should take us to 17100 and below, depending on whether and how much it extends. Today was a 250 points large down move so we might also get a sideways day tomorrow, but we should see 17100 and...
This is india50 cash chart. Nifty cash trade in sgx exchange overnight. Why i am using it may be a question. Answer is it has less noise. According to my prediction this will be nifty path ahead as well as our india nifty. Nifty can hold and double bottom to our previous low which i mention 1st & 2nd green line. If this not happen and break & sustain then 3rd...
Here is daily chart of AUDUSD on 27th August. We seem to be in wave 3 down currently which should go around 0.67374 level before we have a bounce in wave 4. Overall, this impulse down might go near 0.66 levels in days to come.
Marked are waves from Covid low towards top as 5 wave impulse structure. Price from Covid low crossed 0.236 by good margin so next is 0.382 Fibonacci near 14300 While making low of 15183 price got thrown below channel the balance has set when price made high 17992 and was thrown above channel. Wave II of larger degree is currently in progress from 18605 and it...
This week price movement will indicate End of Correction phase or it will stay for some more time. Break of channel line will decide. HH & HL in play & previous Supply taken out by RBR.
Redington: 1. There is a fundamental news that Apple decides to pursue the iPhone manufacturing out of India, I think this news came in morning. 2. After that the prices tried to get a clear breakout, but it just closes at the level of 61.8% Fib at 152.75 (the big wick). 3. The current closing is a fews days of consolidation, breaks above 150 level decisively....
From the 19th August top at 17992, Nifty has fallen in 5 waves impulse (1H) which suggests the short term trend is down. After completion of 5 waves down, Nifty rose in a corrective pattern (ABC) and stopped around 61.8% retracement which gives confidence that the rise is indeed corrective. From the C made on 25th August, Nifty seem to have started the 3rd wave...
Bank nifty analysis was done yesterday to see where it is going by Elliot wave way. It was showing a trend to upside possibly further up, the invalidation line is not drawn up yet, or the target of 5th wave is not finalized.
This is further to my analysis on 23rd August, 2022, where I tried to analyse the index on all time frames. The wave (a) was corrected by almost 38.2% to 17626.55 level. The price further went down to 17499.25 making a 3 wave structure and then extended the wave (a) correction to 17726.5 making wave (b) as complex correction w-x-y. Wave (b) seems to be completed...
Gold Wave 3 ended after Covid Rally at 2075$ then went in consolidation for long time. Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern Wave B retraces 90% of A and then Wave C breaks low of A. Wave C is 5 wave impulse or diagonal structure Wave C in this case could be Ending Diagonal Pattern which is expected end between...
NSE:NIFTY We can see here that nifty went down in 5wave structure of first corrective wave A. Now we are in a corrective wace C of corrective wave B. Wave C will start soon watch out and surf it.
The S&P is in its 5th wave from the high of 4327, nearing the confluence target area of 4085-4075. Ideally wait till the entire 5th wave is complete (all the subwaves) and wait for a reversal to take a low risk entry. Targets can be the mid 4200s. New idea will be updated there
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
This can be a good stock for swing trading. BUT, The confirmation is needed. The stock as shown a good upward movement which was then followed by the PROFIT BOOKING. REST IS WELL EXPLAINED IN CHARTS. DISCLAMER: THIS VIEW IS FOR EDUCIATIONAL PURPOSE. Kindly follow proper risk management and concern it from your financial advisor. THANK YOU FOLLOW FOR MORE.......