It seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't...
It seems LIC Housing Finance will make a downward direction plan after the steady uptrend. As per the 15 Mins TF chart, it is making ABC structure after the trendline break. Also, there is a distribution zone / Supply Zone from where the price is falling. RSI is slipping downwards too. To confirm a downtrend, 630 needs to be broken with good red candle. If 625...
BankNifty Following Elliot Wave Long entry level around 47450 - 500 Target 47900 - 48200
1-2 1-2 wave patterns seen and gap up opening given today. The gap need to sustain and it shouldn't break invalidation level to continue upside momentum. Disclaimer: There is no guarantee of profits nor exceptions from losses in world of stock Market. FnO Trading is Highly Risky business you can loose more that your trading capital. This chart is solely the...
NSE:PVRINOX PVR INOX Ltd. engages in the business of theatrical exhibition and allied activities. It has 689 screens across 115 cities in India and Sri Lanka with 361 properties. It is headquartered in Haryana, India. Technical Analysis:- 1. Trading at a strong support zone and showing rejections from below. 2. it can form a C up leg in a triangle...
## We publish bearish sequence in hdfc bank & exactly it happen eventhough bank nifty is recovering but hdfc is not, you can see the chart below. ## Anyway HDFC bank is still developing M2 wave after which it will proceed for downward movement. ## Even though M3 failed but still Longterm wave is still bearish, so hdfc bank will fall...
Banknifty has the same sentiment; there is a completed motive structure. So, if the initial market declines sharply, then we can expect a minimum of 23% to 38% Fibonacci correction. If it breaks the 38% Fibonacci level, that's a sign of a trend reversal (bearish trend). On the other hand, if it finds support there (23%), it might consolidate a little...
"Good morning, friends! Here are the directions for March 7th: there have been no changes. The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-up start, as suggested by Giftnifty, showing a +50 point. Nifty...
"Good morning, friends! Here are the directions for March 6th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -12 point. Nifty has a range-bound...
The Banknifty structure is a little different; as per the wave structure, there is a pullback wave bending (minor sub-wave 5th). So, if the market breaks yesterday's high, then we can expect a range between 47821 to 47957. Since this is the 5th wave, once it rejects there, we can anticipate a correctional wave that may take a 23 to 38% Fibonacci correction to the...
Yes bank bounces from important level of 17.2, now if this level holds, we can see 29 levels by mid june'23
Good morning, friends! Here are the directions for March 5th: there have been no significant changes. The global market trend remains moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -20 point. Nifty...
Banknifty is following a 5th ending diagonal pattern. So if the market breaks yesterday's high, it will reach the fib level 78% with minor consolidation. After that, if it rejects there, we can expect a minimum of a 23 to 38% correctional wave. However, if it sustains there (consolidates), then it might turn into an extension variation. On the other hand, if the...
Banknifty also has the same sentiment. If the gap-up sustains, then we can expect a minor rally. Once it rejects the immediate resistance levels, then we can expect a minimum correction of 23 to 38%. Alternatively, if the gap-up doesn't sustain, then we can expect a 23 to 38% correction initially, indicating that the 4th wave may continue further.
Good morning, friends! Here are the directions for March 4th: The global market trend is still moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +70 point. Nifty has a consolidation structure around the...
Cardano appears to be in an impulse phase, indicating a bullish market trend. According to Elliott Wave Theory, Wave 1 has ended, and Wave 3 has the potential to last at least 161% as long as Wave 1.
Havells made strong marubozu on weekly scale and looks ready for next move. Will look for entry points on pullbacks with stop usually in 6-7% or worst 10% at 1413 below which must exit. Don't trade in FnO based on this analysis it can go wrong DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its...
After a prolonged correction, a Motive wave has been initiated on the price chart of Cambridge Technology. Wave 1 is classified as a Leading Diagonal. The price could potentially reach a minimum extension of 161.8% if it evolves as a Motive Wave. This indicates a bullish trend might be developing.