Trading day 24/2/23 "The global market indicates a positive start. The market's nature is moderately bullish, and it may start with a gap-up. After that, if the market is rejected around the major resistance, we can expect a correction. Alternatively, if the market consolidates that zone, it's a sign of pullback continuation. On the other hand, if the initial...
Trading day 24/2/23 "The global market indicates a positive start. The market's nature is moderately bullish, and it may start with a gap-up. After that, if the market is rejected around the major resistance, we can expect a correction. Alternatively, if the market consolidates that zone, it's a sign of pullback continuation. On the other hand, if the initial...
NSE:CNXMETAL Metal stocks are bottoming out in wave 2 correction. Shall be heading in wave 3 higher. Bought couple of them today.
"The global market indicates a positive start. Structurally, the market's nature is bearish. It may start with a gap-up. After that, if the market declines, it will fall further. On the other hand, if the gap-up sustains, we can expect the Fib level to be at a minimum of 50 to 61%."
"The global market indicates a positive start. Structurally, the market's nature is bearish. It may start with a gap-up. After that, if the market declines, it will fall further. On the other hand, if the gap-up sustains, we can expect the Fib level to be at a minimum of 50 to 61%."
"The global market indicates a positive start. Structurally, the market's nature is bearish. It may start with a gap-up. After that, if the market declines, it will fall further. On the other hand, if the gap-up sustains, we can expect the Fib level to be at a minimum of 50 to 61%."
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) of Elliott Wave analysis, but they may or may not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 almost all the time...
"The global market is expected to start with a negative tone, as the overall sentiment is moderately bearish. There may be a gap-down at the beginning of the trading session. If the market takes a pullback around HDZ, we could see a minimum 23% to 38% Fibonacci retracement. On the other hand, if the gap-down sustains around the HDZ, the market could experience...
"The global market is expected to start with a negative tone, as the overall sentiment is moderately bearish. There may be a gap-down at the beginning of the trading session. If the market takes a pullback around HDZ, we could see a minimum 23% to 38% Fibonacci retracement. On the other hand, if the gap-down sustains around the HDZ, the market could experience...
"The global market is expected to start with a negative tone, as the overall sentiment is moderately bearish. There may be a gap-down at the beginning of the trading session. If the market takes a pullback around HDZ, we could see a minimum 23% to 38% Fibonacci retracement. On the other hand, if the gap-down sustains around the HDZ, the market could experience...
Stock is falling in an impulsive structure Dec'22 high of 529. The impulsive structure suggests that a larger correction is going to occur in the coming weeks. As per the current price action prices have already concluded its 4th wave at 557 and is now ready for its 5th wave. Alternatively prices are likely to unfold its 4th wave as Bearish Triangle which will...
SGX Nifty indicates a neutral start, but the market nature is bearish. It may start with a neutral. After that, If the market takes to pull back, we expect a minimum 61% to 78 Fib level. On the other hand, if the market declines initially, we expect a correction.
SGX Nifty indicates a neutral start, but the market nature is bearish. It may start with a neutral. After that, If the market takes to pull back, we expect a minimum 61% to 78 Fib level. On the other hand, if the market declines initially, we expect a correction.
SGX Nifty indicates a neutral start, but the market nature is bearish. It may start with a neutral. After that, If the market takes to pull back, we expect a minimum 61% to 78 Fib level. On the other hand, if the market declines initially, we expect a correction.
Nifty View for tomorrow - Expecting a gap up after today's fall PCR - 0.62 highly oversold zone Maximum 17933-17935 if downside 17800 broken we may see 17740 This chart is only for educational purpose do your own study before taking any trades
Looks like Wave 4 Triangle here. Wave 4 retracement is confined around 0.382 retracement. 445-447 is the immediate resistance. 430 is the support. Looks good here for 470-480 as Wave 5 Target.
Nifty is pulling back in Wave 2 or Wave B down towards 17750-17650 untill it keeps below 18265
"SGX Nifty indicates a positive start, but the market nature is moderately bearish. It may start with a gap-up. If the market sustains, we expect a minimum 50% to 61% Fib level pullback. If it rejects that pullback, then we expect a correctional wave. On the other hand, if the market declines initially, we expect consolidation before a correction."