Get prepared for long term trend reversal. Looks like retracement period is over and major long trend is about begin. Its an opportunity for investors to accumulate.
Short nifty between 12850-13050 sl 13200 on closing basis. Positional target 11k with in 2 months. Price facing resistance in channel as well. Top out of channel. Following ABCD Pattern on monthly chart.
And I was wrong again. I was so wrong that tried to introspect. I thought that maybe the covid vaccine news trumped all analysis and market sprung. But then correct technical analysis should be able to front-run the fundamental news. Not the other way round. I checked online and seems that a lot of people got it wrong. But then that also does not rectify my...
as per my analysis its only a prediction that it can come to 12100 in coming 2-3 weeks note:it can be wrong also please comment and like
Sustaining below or above yellow line marked can open the doors for mentioned targets either side. (intra and swing) Regards
NSE:CNXIT Things need to watch on NIFTY IT
analysis mentioned on the chart
Today's high 228 which is not far from Thursday sellers . The 235.2 (fib. ratio - 78.6%) nearby stops to moving price upward. The upper band of the channel's hurdle at 231 which can push the price for " Gravitation Line ". The "6" point of Gravitation area is 204 to 206 in range.
NSE:AXISBANK is in last leg of Elliott impulsive wave and RSI is also losing strength, expecting a corrective move / pull back
After the impulsive 3rd wave formation, Bitcoin went into a triangular wave correction which can be considered as already completed. No we can see the bitcoin to reach to a new high as a final thrust of the current impulsive sequence.
One can wait for daily Green Candle and Look to enter for Next move up its in corrective pattern so expect price to move slow in this structure You can buy in cash and Hold it for Next 40 % move in the price , Invest INR 10, 000 and Book 4000.00 profit on investment in 1 Month time frame Good luck
Sub-wave V of the five wave should be 444 nearby therefore, the price has still remain more up points on the table. The lower timeframe can be decide and help you exact execution level. We already have seen Leading Contracting-Diagonal. For the moreover, as per Elliott wave channel used for target as five wave.