"Here are the directions for January 8th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -5. I've mentioned a range market structure, so if it undergoes correction, we can expect a minimum of a...
"Here are the directions for January 8th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to gap-down start, as indicated by Giftnifty showing -5. I've mentioned a range market structure, so if it undergoes correction, we can expect a minimum of a...
The price moving in rising wedge and adhering to Elliot Wave rule. Impulse wave (i) - from level Rs 248.70 to Rs 561.55 Correction wave (ii) - price retrenched to fib 50% of wave (i) i.e Rs 405.15 Impulse wave (iii) - equal to fib 1.618 of wave (i) i.e., Rs 780.70 Correction wave (iv) - retrenched to Rs 628.05 i.e., is equal to distance of wave...
H1 already complete it wave now it looking for correction wave A-B C my target it will hit area 2073 at Fibonacci level 2.16
On week chart SNX retested Key Level then bounced back On day chart SNX might be test $3.3 again before come back to Bullish Trend Wait for next move
"Giftnifty indicates a -5 point trend, suggesting that Nifty might open neutrally. after that If it experiences a pullback and effectively breaks the level of 21707, we can expect its continuation towards the 78% supply zone.we can expect its continuation towards the 78% supply zone Bearish perspective: If the market opens with a gap-down or faces rejection...
Banknifty also opens neutrally based on Giftnifty's indication. Should it experience a pullback, it might reach 48391, entering the supply zone. Structurally, this marks a sub-wave 3rd continuation. If it rejects either 48391 or the supply zone, a minor 4th correctional wave might occur, ranging from 23% to 38% Fibonacci correction. Once the 4th wave completes...
Finnifty is also expected to open neutrally based on the Giftnifty indication. If it pulls back, it might reach the supply zone up to the swing high. Structurally, this represents a sub-wave 5th continuation. If it rejects either the supply zone or the swing high, an ABC correctional wave might occur, potentially taking a minimum of 23 to 38% Fibonacci correction....
Shane (CEWA Level II, III in progress), Bottom line: Gold will drop in price lower. The broader context is showing weakness in the Bull market as price action has continued to move lower over the past few days. The general outlook for Gold is bearish with wave 5(Circle), while prices maintain lower than 2050.95.
If this is wave 3 than next 2yrs we can expect a stronger bull run... Wave 2 was a shallow correction so expect a deep and sharp correction in wave 4. This may come after june 2024. There is longer term cycle also playing out which can be seen in linked idea...
NSE:BHARTIARTL Bharti Airtel is trading at near 945.20/- and I think price will go more above near 990/- and then stock can reverse. Reason target for wave (5) is length of wave (1) = length of wave (5). Another target is top of parallel channel and then stock can reverse. If stock reverse from given levels, then stock will consolidate for months. Wave (5)...
Banknifty might also open with a gap-up, supported by Giftnifty. If it breaks the immediate resistance of 38% convincingly, we can anticipate a continuation of the pullback. Conversely, if it fails to sustain above this level, there might be consolidation between the 38% and the demand zone. In such a scenario, we could wait for a breakout. Should it break the...
"Finnifty might also open with a gap-up, supported by Giftnifty. If the initial market takes a pullback, there might be consolidation between the 38% level and 21243. In such a scenario, we could wait for a breakout. If it breaks the consolidation pattern, we can consider a breakout entry. However, if the gap-up doesn't sustain and breaks the previous day's low,...
JSW steel 12-20% upward potential the fifth wave has started and we can see one more rise from current levels
Natural Gas is waiting to give a huge breakout on either side , Unless the side is identified , Kindly stay put.
Regarding Nifty: If it opens with a gap down and breaks the demand zone (21533 to 21518), then we can expect a continuation of correction with minor pullbacks. On the other hand, if it finds support within that range as per the structure, it might experience a minimum 38% Fibonacci retracement.
Banknifty, similar to Nifty, might experience a minimum 38% Fibonacci retracement if it finds support the demand zone. Conversely, if it breaks that support, the correction is likely to continue.
"Here are the directions for January 3rd: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing -70. After the gap-down, if it breaks the immediate support level, we can expect the correction to continue. However,...