Short Video showing how ending diagonal was witnessed close to 41600 as suggested in last idea. Trade carefully & have a wonderful week ahead. Last Video Idea - Polarity Reversal at 41840
Nifty has either completed Wave Y or wave 3 of Y both the counts have implication for a down move now if we decline in 5 waves or 3 waves next towards 17600-17430 area will decide how should we mark this decline. Nifty should be heading towards retest of larger channel towards 18125 area but as it could be wave 4 of Y we could form a sideways triangle in this...
The global market indicates a positive start. Market nature is slightly bullish to neutral. Market may start with a gap-up, if the market rejects sharply around 38 to 50% fib level or the opening candle reject sharply then we will expect correction continuation it will break the previous day's low. On the other hand. If the market sustains above 38% then we will...
The global market indicates a positive start. Market nature is slightly bullish to neutral. Market may start with a gap-up, if the market rejects sharply around 38 to 50% fib level or the opening candle reject sharply then we will expect correction continuation it will break the previous day's low. On the other hand. If the market sustains above 38% then we will...
The global market indicates a positive start. Market nature is slightly bullish to neutral. Market may start with a gap-up, if the market rejects sharply around 38 to 50% fib level or the opening candle reject sharply then we will expect correction continuation it will break the previous day's low. On the other hand. If the market sustains above 38% then we will...
Retail Equity Technical Research Report A Weekly Pick (Medium-term update) RAIL VIKAS NIGAM LIMITED (RVNL) Elliott Wave View: RVNL, Wave (5) of 4 in Play? Dec 24th, 2022, By Dinesh Naidu Medium-term Elliott wave view on Rail Vikas Nigam Ltd (RVNL) suggests that the decline to Rs.84.1 (29th Nov'22) ended wave 5 of 3, downside rally is still in progress with...
Hindalco charts are reflections of Aluminium Price moves only difference is Hindalco did a little more than 50% Retracement of Wave A fall where as Aluminium did very small retracement ideally Hindalco should head towards 235-200 levels in Wave C in next few months.
Please refer my last post on yes bank.... The last upmove which I considered as a motive Impulse was actually a corrective Impulse C of wave B of higher degree.... Now the current downside move is fast and looks impulsive so it may be considered as C of Higher degree... According to this it should finish below 12.25 but finish above 12.25 as it is Irregular...
Early from low of mid june JSWSTEEL scrip is rally in 5 five sequence the fifth wave formed as ending diagonal with truncated internal sub wave of 5, a truncated wave formed means it cautions impending price move as sharp raise/fall. in current case bullish ending diagonal with truncated fifth wave means sharp price fall is expecting. Entry: below 727 Target:...
As shown in the Reliance has completed Wave 1 of higher degree and Retraced almost 61.8% of wave 1...Therefore it is good opportunity to accumulate the stock on every dip from here till it holds 2313...
from EWP it is evident in bearish trend wave c is unfolding. With in wave c smaller wave 1 and wave 2 are completed now wave 3 is unfolding , in medium term with momentum could drop price towards 210 then 185 levels , Also Upper boundary line of parallel channel is testing if it fails to break above the upper boundary channel it is bearish in trend if not this...
Technically @tatapower is showing many bearish signals at a higher timeframe. There are significant confluences in the range of 250-260. Reasons I would look for a short: 1- Looks like a class book pattern -Wycoff Distribution pattern(Currently in phase B later half end, so we maybe we see 250-260 first) 2- It is in the 5th wave according to Elliot wave theory...
The global market indicates a negative start. The market nature is bearish to neutral. The market may start with a gap-down. After the gap-down market takes a pullback around the major key levels, then we will expect a minor pullback. And if the pullback breaks the previous day's minor high, then we will expect minor consolidation to pullback continuation. On the...
AB Capital had retraced 38.2% of curren move and this is lower degree of wave of higher degree therefore it must not go beyond this point. So, it can be longed for Immediate Tgt of 185 and 240 for Long term
NSE:NIFTY Retraced towards sub wave 4 low as per #Elliottwave Wedge formation with RSI Positive Divergence. Near Support zone . Breakout of 1 year consolidation. And Uptrend Line. With Market Mood in Fear. High chance we are nearing end of Correction in wave 2.
NSE:NIFTY Market is consolidating in a range since last 4-5 days. And range is contracting/narrowing. Market will give strong move after breaking range. Awaiting Breakout. Mostly on higher side.
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.