• Expected to reach a third wave of upward movement. • Proposed price target of 161%.
#Nifty Good morning, friends! Here are the directions for February 6th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to a slightly gap-up start, as indicated by Giftnifty showing a +20. Nifty has had a reddish sentiment in the past two...
#Banknifty Banknifty also has a sharp correction structure. If the market takes a pullback, we can expect rally continuation when it breaks the immediate resistance (46103 to 46140). However, if it doesn't break that level, then the correction might continue. Alternatively, if the market opens with a gap-down, then we can expect a minor correction initially. If...
Gold is seemed to be poised for an Up move considering the pattern mentioned above. If proves valid, Gold could reach new lifetime highs in the coming sessions.
#Nifty Good morning, friends. As of February 2nd, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment also shows a moderately bullish trend. It might open with a gap-up start based on Giftnifty, which shows +170. Nifty has a consolidation structure, so as per the structure, if the consolidation...
#Banknifty Banknifty is also forming a consolidation followed by a strong pullback. If the market takes a solid rally, then we can consider that as the 3rd extension. If this occurs, the subsequent correction might be short, ranging from 23% to 38%. This also indicates further trend continuation. Alternatively, if the market doesn't reach the immediate resistance...
21830 remains a stiff resistance for NIFTY. After a good bull run, I expect a decent correction in our markets. The euphoria attached to Ayodhya and the Budget is over now, and the Market has to face the next uncertainty in the form of Elections in a few months. As per Elliot wave analysis, Nifty is likely to fall by 1400 points over the next ten days. (I'm...
Nifty flat correction is a 3 waves corrective move labelled as ABC.Flat is a 3-3-5 structure.
"Good evening, friends. Tomorrow, we have a big event: the Union Budget for 2024. It's a significant event, and the market will mostly move based on the sentiment surrounding that event, with less probability for technical analysis. So, I'm just sharing my Fibonacci levels on the one-hour chart. If you want, feel free to use it. And if you'd like to trade on this...
"Good evening, friends. Tomorrow, we have a big event: the Union Budget for 2024. It's a significant event, and the market will mostly move based on the sentiment surrounding that event, with less probability for technical analysis. So, I'm just sharing my Fibonacci levels on the one-hour chart. If you want, feel free to use it. And if you'd like to trade on this...
Hi This is an long term forecast of bank nifty, as per neowave cycles bank nifty is making bearish cycles. For complete understanding of price action do watch the video.
#Banknifty There are no changes in the Banknifty chart, and it still has a FLAG pattern structure. So, if the market breaks the previous high, we can expect a rally continuation. However, if the market rejects around 38%, then we can expect a minor correction of 23 to 38%. An alternate view is important. If the market opens with a gap-down, the level of 45045...
#Nifty Good morning, friends. As of January 31st, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a mixed trend. It might open with a neutral to slightly gap-up start based on Giftnifty, which shows +2. According to Giftnifty, Nifty may open with a neutral start. If the market takes a...
Hi This is our continuation update of our previous forecast. Thank You
Nifty has a solid pullback structure. So, if the market opens with a gap-up, then we can expect further rally continuation. After that, if the rally rejects around the supply zone or 21917, then the following correction may take a 23 to 38% Fibonacci correction. Structurally, it might be in the 4th phase, so after that, if it takes support around there, then we...
Banknifty has a structurally perfect FLAG pattern. So, if the market breaks the previous high, then we can expect a rally continuation. However, if the market rejects around 38%, then we can expect a minor correction of 23 to 38%. Alternatively, if the market opens with a gap-down, structurally there is no big correction. However, if it breaks 45045, then we can...
Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relates to one another with Fibonacci Ratio. For example, in impulse wave: • Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1 • Wave 3 is typically 161.8% of wave 1 • Wave 4 is typically 14.6%, 23.6%, or 38.2% of...
ZigZag Correction ended now followed by impulsive move with in impulsive move wave 1 and 2 are completed wave 3 in progress wave 3 target @21650