1. Commodities as whole looks bulllish . 2. SAIL has completed the retracement and have retested the important fibonacci levels. 3. We have a completed at larger wave 1-2 of 1-2-3-4-5 and heading to wave 3.
After wave (y) completed, wave (x) is in progress. There is possibility for 200 pts fall tomorrow and then again 200-300 pts upmove. Banknifty update:
there is are two point of view in impulse and one in correction which I have posted earlier.. im not a semi advisor. I just post it for educational purpose..
there are two view and every view indicates the trend of the BTC is up.... im not a semi registered advisor. kindly ask ur advisor before investing...
as per wave we need to wait for this breakout or the small correction is pending .... once the correction is over then we can enter for the buy side..... with safe stop loss.... we need to wait for the breakout....
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Reward is 5-7 times .
Sell with SL of1.41850 for target of 1.40200
Beautiful ABCDE Elliott wave pattern with two higher lows and triangle pattern breakout along with bb squeeze breakout.. Target is mentioned on the chart.. 140 target..
A formation of Bullish Triangular wave can be seen on the charts of IGL. One should buy the stock at cmp keeping a stop loss of 486 and look for the target of 430/460 & above. The final confirmation of the pattern is above 430. only aggressive traders should buy on cmp while the safe players should wait for the closing above 430.
now nifty has made round shaped pattern with ending diagonal at supply zone and also there is zone over zone. which gives a good confirmation for sell. from now we will be bullish if it crosses 15450 and below 15450 -- bearish so a good fall fall is expected in market after completion of ending diagonal. PCR is 1.24 Indian VIX is @ 19.08
Nifty Elliott wave 2 will start unfolding soon. Which will take nifty to around 13131. Be cautious, all Global market and our Indian market is near their long term resistance. So we are facing smart money distribution.
Follow Blue count Wave (1) Leading was made when recovering from Mar 2020 low we are currently in wave (3) which is extended and still in progress. Follow Orange count Five moves started in Oct-Nov 2020 which triggered massive rally wave (iii) extended nearly 261.8% of wave (i). It came to end at ATH 15432 then this whole (i) to (v) wave sequence got corrected...
Zoom bullish channel setup confirms for a bigger impulsive wave. EW and Fibs.
Wave B/X is about to complete. Once completes, there can be small pause for up-trend and fall for 600-800 pts possible. All these developments are part fo wave (2). Banknifty update: