#ElliotWave & #Harmonic punched analysis:- Market might not come down and will continue to go up & up till 40K
#banknifty #Niftybank
Everyone is waiting for fall, including myself but the market is in no mood to give anyone a chance.
Regards,
SG
Overall view on Nifty wave counts.
Possible subdivided wave counts in current scenario.
macd in daily time frame.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before...
Stock looks to hgave broken out of consolidation 4th wave and started 5th wave
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator...
IEX has given Breakout from (0) and (B) trendline with good intensity of volume in daily time frame, Wave structure is also suggesting impulse move ahead, Now wave 4 has seen a long consolidation and we may be ready for wave 5, as wave 5 unfolds we may go towards 350 and 380 plus areas, All other indicators like macd, rsi, dmi adx, bollinger band, and stochastic...
Stock is in wave 2 zig zag correction and dropping towards 0.618 Fibonacci.
Good to add in range 2500-2200 with Stop Loss 1980 for long term for 2x-3x returns
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on...
This stock has given good breakout of double resistance trendlines along with good intensity of volumes, all other indicators are also suggesting for upside, one can go long at current levels or in dips (if any) with mentioned stop loss and targets on chart.
wave structure could be like this
key levels are mentioned on...
Nifty metal Index now at 5770
Time Cycle 1 , Based on Fibonacci extension,,
Price wise the extension of 1.618% of last down swing have now extended to maturity levels,, ended this week,,
Price wise the extension of 1.618% of last down swing is around 5971 levels,, still 2 to 3% move is pending..
So price and time squaring around the same point in trend,, when ever...
NSE:NIFTY
Hi Traders
Today we are going to discuss Nifty 50 Index. So lets see whats been happening here.
After Making an high of 18600 we are falling. We made a low of 17600 which i called (A) point and after that we rise and make a (B) Point. So as you all you can see this three wave corrective structure higher possiblity going towards 17400.
Now longer term...
BankNifty has shown a very fast move in last few days.
Hope you know the term SANTA RALLY. If not, just google it.
Tried to analyse the upmove that started from 34024 and tried to label the wave counts as per my Elliott Wave understanding.
This is my longterm view on Banknifty. We might move up till 3rd week of January and we might fall again. We need to see the price action and re-analyze our view.
Double Flat correction
Last C wave started
after Completion any reversal from 90-95 level from the bottom of the channel we can go long as swing entry for 5th wave.
If we consider the last up move to be 1 then we are in an impulsive move upward.
We have completed 1 and going for 2 out of which it looks a has been completed and will go for b upward.
Then a sharp reversal towards 17050 which is at 61.8% level of wave 1.
***Note: wave 2 can retrace up to 99% of wave 1 and below 100% the recount will take place.
This analysis...
Seems like 5th leg of impulsive wave has already achieved its length in Nifty. Considering 3 rd impulsive wave to be strongest of all, we could be entering in a corrective phase now.
NSE:BANKNIFTY
Bank Nifty Corrective Elliott wave count
Sharing my Elliot wave analysis on Bank Nifty from the start of March 2020 (corona crash). And it seems the bull party is over! We may stay in bear mode for sometime now.
Let me know your views in the comment section regarding the wave count or otherwise. Lets try to mutually improve.
If you like the...
All details on the chart if you get any pullback towards 250-40 zones add with nearly 15% stop loss for 25-28% target 1. Mostly it will hit target 2 as wave 3 was not extended. Also channel on wave 3-4 broken so it would be bullish.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the...
Hi Traders
BTC/USD is about to give you a correction, It may be starting of long term down trend, but that we will see latter.
We can expect a down fall upto 59000, may be further.
BITSTAMP:BTCUSD
Thanks
