Good morning, friends! Here are the directions for February 20th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment also shows a moderately bullish trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty, showing a -30 point decrease. Nifty has reached a new all-time...
Banknifty has undergone significant changes. If the market opens with a gap down, we can initially expect a range market. However, if the initial market takes a sharp correction, it will reach fib levels between 38% to 50%. the rally will continue only if it breaks the supply zone."
Banknifty has the same sentiment structurally; we can expect a range market today. The movement will occur only if it breaks either up or downside with a solid structure."
"Good morning, friends! Here are the directions for February 19th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment also shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty, showing +30 points. The Nifty last session closed positively with minor...
This seems to be a possible wave count as per Elliottwave. Here wave 4 seems to be completed and movement for wave 5 has commenced which can lead the stock to the range of 900-1000 /-. Additionally breakout on the falling wedge also interprets strong upward movement.
Coffeeday Enterprises seems to be in the 5th of C wave. Wave 4 is already complete and price in its 5th wave has already breached above wave 3. As per the guidelines the price is likely to reach in the range of 95-105 by the end of wave 5.
Rain Industries is one stock where retails are more optimistic than the promoter but techinically their are 3 major red flags in price action 1 It has not crossed 61.8% retracement of fall from ATH to bottom 2020 2 The rise from lows of 2020 is not impulsive (god knows how some people are marking impulsive rise from 2020 bottom) 3 It has not crossed 61.8%...
Degree full forms- L1 stand for Long term wave 1 and so on L1 stand for Medium term wave 1 and so on s1 stand for short term wave 1 and so on Hello Everyone Welcome to Trading Idea, This is Short Term Forecast Time Frame- 4hrs # Gold has completed first cycle and we are in ending of wave 2 # Stoploss level for this or SC3 cycle will be 2059, till than we...
#Nifty Good morning! the market directions for February 16th. It seems like there is an overall positive sentiment in the global market, with support from the Dow Jones. Locally, the market sentiment is also moderately bullish, with a potential gap-up start indicated by Giftnifty showing +60 points. Regarding Nifty, it's mentioned that there has been a breakout...
#Banknifty For BankNifty, there seems to be a similar sentiment where it's in the 5th wave of a diagonal structure. If it rejects around the immediate resistance level (78), there's an expectation of a correction, with a minimum retracement of 23 to 38%. However, if the gap-up sustains or breaks the immediate resistance, then the rally is likely to continue.
Good morning, friends! Here are the directions for February 15th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty showing +80 points. Nifty had a fantastic rally in the last session, so structurally it will...
Bank Nifty is a little different from Nifty. The current pullback is violating the wave rule, so it might be in a leading diagonal. If it's a leading diagonal, then it won't take a sharp rally. If it opens with a gap-up, then it may reject around 78%, and then we can expect a minimum correction of 38%. If it breaks 38%, then we take a breakout short position and...
"Good morning, friends! Here are the directions for February 14th: The global market sentiment is bearish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing -190 points. Nifty had a solid pullback in the last session, but today Giftnifty indicates a...
Banknifty also has the same sentiment, and I don't know exactly where it will open. So, if it finds support at the immediate support level, we can expect a minor range market with some corrections. However, if it breaks the minor demand zone at 44885, then the correction will continue
Good morning, friends! Here are the directions for February 13th: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a slightly gap-up start, as indicated by Giftnifty showing a +50. Nifty has some corrective banding waves. If the initial market declines,...
There are some corrective waves bending, so if the initial market declines, we can expect minor correction initially. After that, if it takes support around 44500 or the swing low, then we can expect a 23% to 38% pullback wave. On the other hand, if it consolidates or breaks that level solidly, then the correction will continue. Alternate view: Banknifty also has...
Degree full forms- L1 stand for Long term wave 1 and so on L1 stand for Medium term wave 1 and so on s1 stand for short term wave 1 and so on Hello Everyone, Welcome to Trading Idea, This is a short term forecast but trade always in direction of bigger cycles. Any last minute update will be done on our tradingview live links. I hope you are enjoying my...