Levels as mentioned on the chart with possible triangle pattern if the upper levels held, we can see the target mentioned on the chart...
Some previous views
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Banknifty already started to look for the 4th Wave.
From Support : 32.8% at 23003=23134 & 50% at 22327, The price can travel for the 5th wave which can be above the 3rd wave.
Bajaj Auto is completing 4th wave consolidation in triangle and should start next leg of fall.
Short between 2900-2930 SL 2960 tgt 2750-2720
Disclaimer: For information purpose only, plotted values may differ in actual movement. Not to be used for FnO trades. This investment may not be suitable for all investors or analysis can be wrong so ask your financial...
As drawn on chart, Wave C of the correction appears to have completed with an ending diagonal .. Accordingly I have done some amendments to the markings on the chart against my previous post ... View remains bullish, as it is heading towards its final fifth motive wave ... Targets too remain same as previous post with SL as 1098
Nifty for the entire day remained range bound, except for that last hour or so. As marked on the chart, it appears that Wave C of the first leg of correction is complete and
wave X has started to unfold .. Target for Wave X would be at levels of 11540 .. Hence view for 08 Sep would be bullish for Nifty ... However, as its become routine for Nifty to eat up...
Current price structure suggest that the triangular wave structure has been completed already as we have got he final setback as wave-e. One should go long with SL of wave-c for the targets which are mentioned on the charts. The price breakout & sustainability above the level of wave-d will bolster this idea.
Larson & Toubro about to start Downward 5th Impulse wave which will be truncated.
Stock did retraced 0.382 fib from march lows and looks to have completed Tripple Three Wave at 1025.
Case 1: Upside looks limited as have made Three black crows and move towards 980-1000 is ideal short entry with SL 1025 or 1040. Then going towards 890, 860, 840, 692.
Not...
After the panic fall bajaj finance made an ending diagonal as a wave c whose breakout given a massive upside rally. Current structure suggests that the stock is completing its 5th wave of 1-2-3-4-5 upmove as an ending diagonal. So one can short it on a rise near the level of 3810-20 with SL of 3150 for the target of previous 4th which is 3150.
This was a momentous week. The third wave of many levels seem to have met. The decline has started (as was projected last week :-D). You found that here first. In my opinion this decline is a natural short term correction and is a sign of an uptrend.
Long Term : The long term trend is up. We are significantly closer to pre-covid highs. That would be reached. But...
