Good morning, friends! 🌺🍬 Here are the directions for July 2nd: The global market is still showing a slightly negative sentiment based on the Dow Jones. Our local markets are also showing moderately bullish sentiment. However, today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows a increase of 50 points (as of...
Banknifty has taken a minor pullback in the previous session. Structurally, it could be a B wave, so even if it takes a pullback, it could undergo a range-bound market. So We can try a breakout entry: that if the market breaks the upside at 52793, we can expect a 78% target. Conversely, if it breaks the 38% level on the downside, we can expect it to reach the...
July 2, 2024: AXIS Bank Market Analysis Current Market Price: 1261.90 General Trend: After the COVID crash of 2020, Axis Bank hit a high of 865 on October 21st , 2021, completing Wave 1 and entered Wave 3 after completion of wave 2 on June 16th 2022. The stock is currently in a bullish mode and it's in extension, having completed subwaves 1 and 2 of Wave 3...
Based on Ichimoku, demand-supply zone and Wave Analysis, We see good shorting opportunity in Bank nifty. Entry: 52559 Stop Loss: 52917 Targets:51,918, 51575 and 51030 CE sell with Ce edge is best option. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified...
Good morning, friends! 🌺🍬 Here are the directions for July 1st: The global market is showing a slightly negative sentiment based on the Dow Jones. Our local markets are also showing moderately bearish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 20 points (as of 8:00...
BankNifty experienced a solid correction in the previous session. If you count the sub-waves, it is in the 5th sub-wave. Here, if the initial market takes a pullback or finds support around the immediate support level (50%), we can expect a 38 to 61% pullback wave. Alternatively, if there is a solid decline initially, the correction could continue, meaning the...
finance sector may follow this elliot, next level is 0.786% if this follows the more bullish moves will look in finance stocks. also there is lower trendline, you may also follow this for trading
Good morning, friends! 🌺🍬 Here are the directions for June 28th: The global market is showing a slightly negative sentiment, based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a neutral to slightly gap-up start, as indicated by GiftNifty, which shows an increase of 10 points (as of 8:00 AM). Nifty...
BankNifty's structure is a little different. The 5 waves are finished, and it's progressing into a correction. Corrections have many variations. I explained two variations: 1- If the initial market declines, we can expect a 38% correction. After that, if it finds support, we can expect a range market to rally continuation. In this scenario, the correction will...
trying to draw elliott wave count on larger TF CNXSmallCap index. Suggestions are welcome.. Wave5 Target for smallcaps around 30K.. #BullRun continues.. #CNXSmallCap #NIFTY50
Based on Wave Analysis and the Ichimoku 1-Hour Time Frame, we have a good short opportunity with a very small stop loss. Time: 12:52 PM, June 27th, 2024 Current Market Price: 24,024 Why Short Entry at 23,877? Wave Analysis: Nifty has completed waves 1, 2, 3, 4, and 5. Wave 5 hit 127% today at 23,899 and touched the 24,000 psychological mark. We will have the...
Nifty Analysis (15-Minute TF): June Monthly Expiry - 27-06-2024 Nifty is in the final leg of Wave 5. The third wave of Wave 5 was completed yesterday, and we are likely to see the 4th and 5th waves today. Nifty might take the morning session for Wave 4 and the second half for Wave 5. We have mentioned entry and exit points in the chart; please refer to it. ...
Time: 10:22 AM, 26th June 2024 Bank Nifty Current Market Price: 52,585 Stop Loss 53100 Targets: 47843, 44,897, 44,444 and 40135 We shared our view on Bank Nifty (BN) in yesterday's post. A few people asked us to share the complete wave count in BN in detail with trendlines. Bank Nifty has completed its degree (2020-2024 wave). It has to go down for Degree 2,...
Good morning, friends! 🌺🍬 Here are the directions for June 27th: There is no significant difference compared to the previous session. The global market is showing a slightly negative sentiment, based on the Dow Jones. Our local markets are showing bullish sentiment. However, today, the market may open with a neutral to slightly gap-down start, as indicated by...
Yesterday, Bank Nifty continued the rally. Both structures have the same extension variation, so there are no changes in the market sentiment. Today, GiftNifty is indicating a slightly negative start. If it opens like this, let's look at what might happen in Bank Nifty. >Structurally, it's a bullish market and both have an extension. According to the extension,...
A Big Triangle Unfolded for Yellow Metal. Risk Takers can buy yellow metal if it holds above 2285 Dollars & Safe Traders Buy Above 2350 Trigger price. Target = 2450 Dollars in few weeks & month ahead From WaveTalks Abhishek
We can go short in BN positionally with very small Stop Loss.
Bank Nifty Monthly Chart Wave Analysis: June Candle: 2 more days left for the candle to close. Current Market Price: ₹51,575 We drew all possible resistance trendlines and channels, and Bank Nifty has clearly broken out above everything(just 3 days left for June candle to close), with the wave extending. Elliot Wave Analysis : Initially, we counted the...