The global market indicates a positive start. The market nature is neutral to bearish. Market may start with a gap-up, after the gap-up market sustains the major key level then it will go further. On the other hand, if the market rejects sharply around the major key level, then we will expect a correction.
The Elliott Wave theory can be a powerful tool for traders, but it's important to remember that it is just one approach to market analysis and should be used in conjunction with other technical and fundamental analysis methods The levels are marked as shown on the charts and looks like a corrective wave. Using fib levels to draw a forecast, the supply areas &...
Bullish as long as 18133 holds which is wave 4 low; once broken the price structure would provide confirmation 2 alternative wave counts are shown. purple one has price action completed; whereas green one can potentially be an ending diagonal which as per fibonacci ratios can end around 19500. If this happens; intermediate wave (B) would have completed and post...
The global market indicates a positive start. Market nature is slightly bullish to neutral. the market may open a gap-up, after the gap-up if the market takes a consolidation, we will expect a minor pullback. On the other hand, if the initial market rejects sharply then we will expect a correctional wave (it should break fib level 38%)
The global market indicates a positive start. Market nature is slightly bullish to neutral. the market may open a gap-up, after the gap-up if the market takes a consolidation, we will expect a minor pullback. On the other hand, if the initial market rejects sharply then we will expect a correctional wave (it should break fib level 38%)
Nelcast 21 Dec 2022 In Play : HH-HL Summary - Breakout with huge volume - Classic Cup & Handle - ATH is at 119.75(20 Dec 2022) Conclusion - CMP 118.40 - Position can be initiated for potential targets - Higher targets could be around • Short Term - 152/180 (3-5 months) • Mid Term – 217/244/292 (6-12...
Someone new to Wave-Counting might be a little confused. OR a lot confused. Here's what I'm trying to explain: I have these 3 Correct Wave-Patterns (ABC) that are bullish. You'll notice in the chart below that another higher price ABC. An easily can recognize that impulsive sub-waves (1,2,3,4 and 5) of the higher degree of waves A and B. At this time,...
nifty 50 move down side wave C wave c not complete wave c internal wave in 5 subpart
NSE:NIFTY retraced near sub wave 4 Channeled correction in WXY seems to be getting over with RSI Positive Divergence. Wave 3 Rally to New Highs shall resume soon.
HDFC AMC 20 Dec 2022 In Play : HH : HL Summary • CMP 2290 • Clean Trendline breakout with Vol on 07 Dec 2022 • Nice consolidation above trendline • Trading right above VP mountain • Next Resistance 2480/2538 : Swing High LT Conclusion • CMP 2290 • Long position can be initiated • Higher Targets could be around o Short Term : 2344/2414/2487 o Mid/Long Term :...
The global market indicates a slightly negative start. After the minor gap-down, if the market breaks the previous day's high, then we will expect pullback continuation. It will reach a minimum of 50 to 61% fib level. And also that's a (C) leg, so if the market rejects sharply, then we expect a correctional wave. Or if the market takes consolidation, then it will...
The global market indicates a slightly negative start. After the minor gap-down, if the market breaks the previous day's high, then we will expect pullback continuation. It will reach a minimum of 50 to 61% fib level. And also that's a (C) leg, so if the market rejects sharply, then we expect a correctional wave. Or if the market takes consolidation, then it will...
NSE:NIFTY Wave 2 correction seems to be getting over. Rally in Wave 3 higher shall resume.
the pre-market indicates a slightly positive start. Market nature is slightly bullish to bearish. if the opening market rejects sharply then we will expect correction continuation, at the same time there is going sub-wave 5th, so once the 5th will finish then we will expect an ABC pullback. On the other hand, if the opening pullback sustains, then we will expect...
the pre-market indicates a slightly positive start. Market nature is slightly bullish to bearish. if the opening market rejects sharply then we will expect correction continuation, at the same time there is going sub-wave 5th, so once the 5th will finish then we will expect an ABC pullback. On the other hand, if the opening pullback sustains, then we will expect...
The rise from the Mar'20 bottom was an impulsive move which should be considered as the Primary Degree Wave-1 concluded near the zone of 18600 in Oct'21. From that top Nifty50 fell down in a corrective way and made a low of 15183 in Jun'22. This fall was not even reached to Fibonacci 38.2% retracement level positioned at 14400 zone where the previous fourth of 1...
BSE:SBIN Breaking out in Cycle Degree wave 3 Long way to go higher.