Looks like bpcl it is making inverted H&S with RSI divergence with good volume targets are in the chart.
Still in up trend. Wave 4 seems to be completed unless it extends to ABCDE. Also, wave 4 correction has got the support from the trend line. Ideally, it should move up from here.
GE is in wave 4 correction. It is not broken 20 weekly EMA for sometime. Entering at 20 weekly EMA (590) could be high risk reward for next move.
Good morning everyone. #FinNifty - The global market indicates a neutral start. market nature is bearish to slightly bullish. market may start with neutral. After that, if the market declines sharply, then we will expect correction continuation. on the other hand, if the market takes pullback, then we will expect minor consolidation to pullback continuation. And...
Good morning everyone. #BankNifty - The global market indicates a neutral start. market nature is bearish to slightly bullish. market may start with neutral. After that, if the market declines sharply, then we will expect correction continuation. on the other hand, if the market takes pullback, then we will expect minor consolidation to pullback continuation. And...
Good morning everyone. #Nifty - The global market indicates a neutral start. market nature is bearish to slightly bullish. market may start with neutral. After that, if the market declines sharply, then we will expect correction continuation. on the other hand, if the market takes pullback, then we will expect minor consolidation to pullback continuation. And once...
It looks like Bank Nifty has completed the correction in wxy from 43425 as shown in the chart... Now since wave y has completed retraced more than 38% hold the levels, we can expect a decent upmove from here after a slight correction...
Crude can end its Wave Z around 62-56 levels & we should see at least 7 swings higher towards 100$.
5th impulsive move 1 wave done 2 corr done. waiting for next implu move 3rd wave
The global market indicates a positive start. market nature is bearish. market may start with a little bit gap-up. After that, if the market breaks the previous day's low, then we will expect correction continuation. On the other hand, if the gap-up sustain, then we will expect a minimum of 61 to 78% pullback wave.
The global market indicates a positive start. market nature is bearish. market may start with a little bit gap-up. After that, if the market breaks the previous day's low, then we will expect correction continuation. On the other hand, if the gap-up sustain, then we will expect a minimum of 61 to 78% pullback wave.
The global market indicates a positive start. market nature is bearish. market may start with a little bit gap-up. After that, if the market breaks the previous day's low, then we will expect correction continuation. On the other hand, if the gap-up sustain, then we will expect a minimum of 61 to 78% pullback wave.
Today's fall was steep and deep which indicates it's an impulsive and moved as predicted. Therefore we can assume that nifty has completed wave C in five sub division and Now nifty may move upward which may be impulsive or corrective both are possible... If Nifty breaks 18110 in 5 sub divisions or in Gap up and holds for 15 minutes than it will move upside...
FX_IDC:USDINR seems to be forming Truncated 5th Wave. Lot of selling pressure at 83 with RSI negative divergence suggesting momentum Fading. Unless 83 is Taken out on closing basis. It could turn out to be Wave 5 Truncation as per Elliottwave Theory.
inter-market analysis can be tricky but even as the USDINR hit a new high yesterday, the last two days bounce on hourly charts is a-b-c, what that means is that it is not a new move but the end of something. If USDINR closes down today after that it would add weight to a positive near-term outlook for the Nifty given the historical inverse correlation between...
Good morning everyone. #nifty - The global market indicates a negative start. the market nature is neutral to slightly bullish. market may start with a gap-down. After that, if the market takes a pullback, then we will expect the pullback continuation(38% is a demand zone). On the other hand, if the market breaks the 38% fib level, then we will expect a...
Good morning everyone. #Banknifty - The global market indicates a negative start. the market nature is neutral to slightly bullish. market may start with a gap-down. After that, if the market takes a pullback, then we will expect the pullback continuation(38% is a demand zone). On the other hand, if the market breaks the 38% fib level, then we will expect a...