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
#Nifty Nifty has an expanding diagonal structure. If the market opens with a gap-up, then we can expect a minimum range of 21514 to 21546. After reaching this level, if the market consolidates or breaks through it, the pullback will likely continue, reaching 21619 to SZ. However, if it doesn't break the immediate resistance (21514 to 21546), then it might turn...
#Banknifty Bank Nifty also has a diagonal structure that indicates an ending diagonal. So, if the market opens with a gap-up, we can expect a minimum of 45260 to 45365. After that, if the market consolidates or breaks this level, the pullback will likely continue, reaching 45623. However, if it doesn't break the immediate resistance (45260 to 45365), then it might...
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? Fundamentals: Institutional Trust: A significant holding by Domestic Institutional Investors (DIIs) compared to Foreign...
Looks US oil running in WXY Elliott Correction. Let see how it works.
In 15 minutes time frame bank nifty identified Zig Zag pattern and the pattern was completed its wave C, even wave C has internal 5 waves, next move will take the price to higher, price target will be updating as it unfolds
Hi Everyone This was an quick update of yesterday forecast. Thank You.
#Nifty "Nifty has experienced a solid pullback after the ABC correction. If the market opens with a gap-up, we can structurally consider it as a sub-wave 3rd continuation, suggesting a potential rally with minor corrections. Alternatively, if the market opens with a gap-down or rejects around the immediate resistance level, we can consider it a diagonal...
Bank Nifty is also forming its 3rd sub-wave, but there is no strong pullback. If the market opens with a gap-up, it might exhibit a diagonal variation. On the other hand, if the market opens with a gap-down, it might continue the correction by breaking the previous bottom. However, if it doesn't break the previous bottom, then we can expect a range-bound market."
#Nifty "Nifty had a sharp correction. structurally, it might be in a 'C' or '3rd' wave. So, if the market opens with a gap-down, then the correction will likely continue. After the correction, if the market takes support around 21,159 or the Demand zone, we can expect a minimum of a 23% to 38% pullback wave. However, if it doesn't take support, then we can expect...
#Banknifty Banknifty also had a reddish day. The structure suggests there is going subwave 5 or double correction variation. So here also, the same sentiment as Nifty—if the market opens with a gap-down, then the correction will likely continue. After the correction, if the market takes support around 44,720 or 61%, we can expect a minimum of a 23% to 38% pullback...
Nifty is currently trading (22032) in 5 of III wave. Soon it will be followed by corrective wave IV. On down side it have a 2 support zone from where it can reverse(21470 & 20950), which can mark the End of IV wave and starting of V wave. As Nifty is rising continuously there is divergence in RSI. This is my 2 Cents. It is for Educational purpose only. Not...
After price drop from levels 22124 to 21285 the price action id as impulsive move and labeled as Wave (A) now wave (B) is in progress with in wave (B) its internal sub wave A and B are completed and wave C required to progress Target forwave C of Wave(B) is 21810 & 21880
#Nifty Good morning, friends. Directions for December 20th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up start based on Giftnifty, which shows +150. Nifty hasn't formed a proper structure, so if the market breaks the previous high, then we can...