#September25 Levels and direction for #Finnifty"Good morning, friends! As of September 25th, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a slight gap-down. Additionally, there is a sub-wave 5 forming. So, after the gap-down, if the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a pullback of 38 to 78%. On the other hand, if it consolidates or breaks that support, then the correction will likely continue. However, if the market opens with a gap-up and sustains it, then we can expect a pullback continuation. There is also a regular flat variation, with its minimum target being 19884, and if it breaks that level, we can expect19961."
Elliott Wave
#September25 Levels and direction for #Banknifty"Good morning, friends! As of September 25th, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a slight gap-down. Additionally, there is a sub-wave 5 forming. So, after the gap-down, if the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a pullback of 38 to 78%. On the other hand, if it consolidates or breaks that support, then the correction will likely continue. However, if the market opens with a gap-up and sustains it, then we can expect a pullback continuation. There is also a regular flat variation, with its minimum target being 44,903, and if it breaks that level, we can expect 45,054."
#September25 #nifty levels and direction"Good evening, friends ! As of September 25th, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a slight gap-down. Additionally, there is a sub-wave 5 forming. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a pullback of 23% to 38%. On the other hand, if the market opens with a gap-up and sustains it, then we can expect pullback continuation. There is also a regular flat variation, with its minimum target being 19768, and if it breaks, we can expect 19817."
NIFTY 50 Elliott Wave Analysis on DTFHello Fellow Traders,
This is my elliott wave analysis on Nifty 50 Index.
I am expecting nifty to touch 20500 in this 5th wave.
As per my learnings 4th wave is just completed on 18th Aug 2023;
if there is any room still to correct price can come till 18888 as wave 4 should not come in to range of wave 1 otherwise 5th wave journey is already started
once Price resumes it can reach till 20492.
Nasdaq Monthly viewNasdaq has almost completed the waves 1 to 4 and more likely its in a fifth wave.
If the price levels remain between the indicated blue triangle, it will not show a clear path, so for a bigger move, upward or downward it has to come out, which mostly probably in few days/weeks it is likely to come out,as it will decide next 8k or towards 16/20k
#nifty"Good morning! As of September 21st, there is no significant difference compared to the last session. Global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a maximum Fibonacci pullback of 23% to 38%. On the other hand, if it breaks or consolidates around the immediate support zone, we can expect a continuation of the correction with minor consolidation."
#banknifty"Good morning! As of September 21st, there is no significant difference compared to the last session. Global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a maximum Fibonacci pullback of 23% to 38%. On the other hand, if it breaks or consolidates around the immediate support zone, we can expect a continuation of the correction with minor consolidation."
#finnifty"Good morning! As of September 21st, there is no significant difference compared to the last session. Global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. If the initial market experiences a sharp pullback around the immediate support zone, then we can anticipate a maximum Fibonacci pullback of 23% to 38%. On the other hand, if it breaks or consolidates around the immediate support zone, we can expect a continuation of the correction with minor consolidation."
#nifty"Good morning! As of September 21st, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. We don't know where it will open, but the sentiment remains the same. If the initial market experiences a sharp pullback around the immediate support zone, then we can expect a maximum of 23% to 38% Fibonacci pullback. On the other hand, if it breaks the immediate support zone, we can anticipate a continuation of the correction with minor consolidation."
#Banknifty"Good morning! As of September 21st, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. We don't know where it will open, but the sentiment remains the same. If the initial market experiences a sharp pullback around the immediate support zone, then we can expect a maximum of 23% to 38% Fibonacci pullback. On the other hand, if it breaks the immediate support zone, we can anticipate a continuation of the correction with minor consolidation."
#finnifty"Good morning! As of September 21st, global market sentiment is negative, primarily due to the performance of the Dow Jones. The market trend is bearish, and it may open with a significant gap. We don't know where it will open, but the sentiment remains the same. If the initial market experiences a sharp pullback around the immediate support zone, then we can expect a maximum of 23% to 38% Fibonacci pullback. On the other hand, if it breaks the immediate support zone, we can anticipate a continuation of the correction with minor consolidation."
BankNifty - Rising Wedge Drama Unfolding (Careful at Tops 46310)Hello WaveTalkers
As we approach the close of this trading week, we're spotting some intriguing patterns in the BankNifty Index.
Wedge Drama Unfolding?
- Without giving away too much, there seems to be a rising wedge forming at the current highs.
- This might hint at a potential move towards a 45299 downside target.
Trading Strategy
Once Index falls below 46000 - It will confirm the downside bias but careful as it is weekend & consult your financial advisor before taking any trades
Next Steps
- As always, we're here listening to the whispers of the waves, guiding you to make informed decisions.
- Before making any trades, do consult your financial advisor to manage your risks appropriately.
Thank you for being a part of WaveTalks. Have a great weekend and happy trading!
Best Wishes
WaveTalks
#Banknifty"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market experiences a sharp pullback, it will transition into a range market, leading to a continuation of the rally."
#nifty"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market experiences a sharp pullback, it will transition into a range market, leading to a continuation of the rally."
Finnifty"Good morning! As of September 20th, global market sentiment is slightly negative, primarily due to the performance of the Dow Jones. The market trend is moderately bearish; it may open with a slight negative gap. After that, if it breaks the immediate support zone, we can expect a continuation of the correction. On the other hand, if the initial market experiences a sharp pullback, it will transition into a range market, leading to a continuation of the rally."