This is our nifty continuation forecast of nifty . As you can see nifty is falling for last 2 weeks and its going further down. So to understand our complete view please watch the video.
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Nifty Forecast -
Bank Nifty For ecast
How to read Our Neowave Charts- To understand...
Wave B looks to be completed and drop looks to be in progress.
All other details on chart
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not...
As seen in the chart Minute Wave C is completed, which completes the Minor Wave 4. So, one can expect the Start of Minor Wave 5,
Minutte Wave 1, is formed as Leading Diagonal Wave 3 can be go up. As seen in the whole Auto Sector is in rally one can expect 20% up move.
If the price broke the Invalid level then it needs to recount.
Note - before taking trade...
Key Level: 824 & 853
Adani Port has broken down the corrective wave X and started forming an impulse wave ((5)).
Price had broken down the 8-month-old correction, and Adani Port surged rapidly. Adani Port can u-turn from 1.618% at 1049 . It is a reverse Fibonacci of wave ((4)). Currently, the price is at the 78.6 % reverse Fibonacci level at 853.
This is a clear Sharp Zigzag pattern. The price already reached 0.618 for wave ((Y)).
The trader can get a High probability chance for short selling tomorrow with a very small protective stop.
The Short Seller can use these supports level as the target. I am expecting a Nifty future between these both supports.
So far we are seeing corrective price action unfolding in nifty in the form of double zigzag pattern(WXY).
we are done with wave W and wave X,and wave y move started on 29th march when index crossed 17300 on the upside.Of this wave y we are seeing wave A achieving it's 61.8% extention target at 18054 and taking pause there after, suggesting wave B has...
As many of you know, I spend much of my spare time analyzing markets. Yes, analysis is my day job, but it is also my passion. So, whenever the weekend comes around, I spend most of my time in front of the computer to study price charts.
Using Line-Chart for identifying long-term trends. The primary trend is up.
A price middle of the parallel...
Review the " Leading-Diagonal ": As you know, Leading Or Ending Diagonals one of two types of motive waves, the other being in impulse wave. The Leading Diagonal is a terminating wave pattern that is form the 1st wave position of impulse waves or as wave A. This is an example here live - SUZLON. We have an Leading diagonal in the 1st wave position of an impulse...
(1) Wave (iii) is a wave with a 1st wave extension . It has corrected by wave iv till 38.2% . Wave iv has corrected to wave ii of one lesser degree as per Elliott guide line regarding depth of corrective waves .
(2)See the alteration between wave (ii) - Flat and wave (iv) - Zig Zag .
(3) Also see the weekly hammer .
(4) As per Neo wave guideline a corrective wave...
Looks like 5 waves downside is completed, now retracement in progress
In that, wave B is unfolding, wave structure in the charts for reference
So, we can expect selling tomorrow (26/05), this will not cross 33370
Asian Paints is correcting in wave iv (of many times lower degree - means its in a wave 3 of many higher degrees) . It would be a screeching buy at at 2500 levels irrespective of the fact what Grasim does . Wait for that buy point . But at present short . Regards
TCS is correcting in wave iv . Kindly see 38.2% correction is pending on log scale and not on arithmetic scale. This 38.2% would only be price correction . It might be wave A of a triangle . Whenever a corrective structure is completed it will be retraced by more than 0.618% for wave B of a flat or a triangle. Regards