Bank Nifty also reflects similar sentiment. Gift Nifty is indicating a gap-up start, suggesting potential consolidation initially. After that, if it breaks the previous high, we can expect the rally to continue. Alternatively, if the gap-up is not sustained, we can anticipate a minor correction initially. If it finds support around the 38% level, it may form a...
Good morning, friends! Here are the directions for April 1st: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a similarly bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +40 point.
Nifty has recently rejected nearly all-time highs. I...
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 8
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers!, can you hear them
13th Jan 2024 - B: Wave completed at the tops of 1.11393
Long Term Outlook
From its low at 0.95358, we're seeing a...
Banknifty has a similar sentiment. The 4th subwave has consolidated for a long time. So, if the market opens neutrally, then the 4th may continue further. After that, if it breaks the previous high, then we can expect the 5th wave, which may reach a minimum of the supply zone. If the 5th wave rejects there, then we can expect a correctional wave. On the other...
"Good morning, friends! Here are the directions for March 28th: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -8 point.
Nifty experienced a solid pullback in the last...
Bank Nifty also has the same sentiment. If the gap-down sustains and breaks the Fibonacci level of 50%, then we can expect a minimum of 61 to 78% correctional wave. After that, if it finds support there, it may undergo a minor pullback wave of the Fibonacci level of 38%. On the other hand, if it breaks or consolidates around the Fibonacci level of 78%, then the...
Good morning, friends! Here are the directions for March 27th: there is no significant difference between the last session. The global market trend is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a...
Banknifty also has the same sentiment. If the market opens with a gap-down, then the 38% to 50% zone will act as support. If it finds support there, we can expect a range-bound market. However, if it consolidates or breaks that level, then the correction will continue further.
Alternatively, if the market opens with a gap-up and breaks the previous day's high,...
"Good morning, friends! Here are the directions for March 26th: The global market trend is moderately BEARISH, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -30 point.
If the Nifty opens neutral or gap-down, then the...
The previous analysis and scenario 2 became invalid , and I think this scenario is currently the only active scenario on this currency pair. part of 3 of a zigzag is an impulse with (5) wave. Now we are in wave V(5) of 5 , which is a terminal impulse . This wave itself is an zigzag (abc) and we have entered part of 3 of it now and we expect it to end...
Good morning, friends! Here are the directions for March 22nd: The global market trend is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -40 point.
Yesterday also Nifty closed at where it opened. Giftnifty...
Banknifty closing near where it opened. There is no difference compared to the Nifty structure. If the market finds support around the 38 or 50% Fibonacci level, then we can expect a range-bound market to rally continuation. On the other hand, if it breaks the 50% Fibonacci level, it may turn into a correction phase. We can expect that correction to reach a...
In recent days, we witnessed a decent fall in bank nifty. Thanks to the Elliot waves, we could make some decent profits in the market. I trust you've also been able to capitalize on these market movements.
Looking ahead, I'd like to share my perspective on the possible market movement based on Elliot waves.
I presume wave 3 is likely to end soon on the...
I sincerely appreciate all the support thus far!
Here are my insights on the Bank Nifty through Elliot Waves.
CAUTION: The market holds the ultimate truth, and my analysis carries inherent uncertainty. Always keep appropriate stop loss for your trades.
We've witnessed a considerable downturn in the market, yet I anticipate further movement southward. The...
Banknifty has had a solid pullback, but although it has a 50% retracement, this indicates a further range market. So, even if the gap-up doesn't sustain, we can expect a range market. On the other hand, if the gap-up sustains, then the rally will continue with minor consolidation.
Good morning, friends! Here are the directions for March 21st: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +160 point.
Nifty has closed near the open price, but the swing was very huge....
