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:
In this video idea i have explained the nature of nifty after completion of a correction and how it is behaving from 14151. And also included Bank Nifty analysis so kindly watch for detailed understanding. Thanks
BTC 4th wave Update 30K hold ready for 100K 5th wave
MCX Copper has just traced out a pattern that can be interpreted as a A-B-C Zigzag from recent highs. All 5 subwaves of the final C wave seem to be in place. This now means the uptrend should be back in force to new highs. Hold longs with Stop at recent lows.
Careful at the Tops!!! Target done from last idea 14900 to 15137 - Selling gets confirmed below 14884 - Target 1-14591 / Target 2- 14415 / Target 3-14151- Happy Weekend!!! --------------------------------------------------------------------------------------------------------------------------- Last idea - Can This Be A Wedge ------------
its clearly based on elliot wave principle and wedge pattern breakout
Buy with sl of 153 tgt: 168/180
Wave B/X is being extended and still pending. An impulse (wave A) is completed in wave (y) of (X) and correction is in progress. Wave C of wave (y) of (X) is pending. Banknifty update: