34889-34319 is an immediate support range for BN and if trades below 34319 then it can fall towards 31900-30400.
15650-15557 is an immediate support range. Nifty if trades below 15557 then only negative. Double zigzag correction from 15044-14885 is looks abnormal but as of now I am not able to see any other wave count.
Nifty gave a BO of a falling wedge in a 5 wave impulsive fashion. Wave counts have been marked on chart. Support zone (15431 - 15371) should act as a strong support, completing minor wave (iv). So expecting Nifty to hit the support zone and bottom out either tomorrow or day after. From there on Nifty is likely to go ahead with wave (v) for target of 16250 -...
Sell only below 15700 & 15680 which is required as confirmation levels for the trade to be active & downside we expect 15460 as target. Thanks
I expected wB of 2 was in progress but there was some mistakes in wave decoding. Its not wB, it is w3. Banknifty revised wave count Nifty current correction wave count Banknifty current correction wave count Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
After a sharp decline followed by a consolidation in a triangular structure , hindalco seems about to give a zigzag correction. As per the triangle structure one should sell the stock with SL of 402 and look for the downside target of 365/345 zone .
Perfect wave structure May be possible Consider this and not any tip or advise, just for educational purposes
Concor looks in Wave 3 which should take it higher targets of 700+ after which it may retrace to Wave 4 and then again may rise to Wave 5
Britannia looks like Wave 3 start and can be bought here at CMP 3425/- for higher targets of 3530+ i.e. min 100+ points Target and around 40 points of SL
looks like techm has completed primary wave 4 ascending triangle or ABC flat with wave c getting truncated and is breaking out of it.close above 1052 will confirm pattern completion. longs can be initiated for one month time frame with a .618 extention tgt(1290) of cycle wave 1-3 from cycle wave 4 low for cycle wave 5.one can place a stop loss @ 945 on daily...
The chart shows an interpretation of the year and half long sideways move in SILVER. This has all the characteristics of a triangle that is headed for an upside break. Wave E may be slightly short, so may have some more lower go, but that is not necessary. In any case a break of the upper trendline B-D should indicate a powerful upmove will begin. This has...