BN has completed its ABC correction and looks like ready to go up higher. But unless it crosses 44500 level, it may hovering range-bound. Here the main concern is it has broken its prevous swing low of 43390 and hence its not clear what wave structure it is making. So, stay away from it trading is a wise decision. If trading is unavoidable, then trade with...
Today Nifty has shown high level of volatility, but failed to break its life-time high. I think Nifty is about to complete its major 3rd wave of the cycle. I though it would touch its upper band of the channel and reverse back from there. Clearly big players cleaverly resorted to profit booking. Tomorror it may go up and break its LT high towards the upper band...
MFSL LONG SETUP Attached: Daily Chart as of 21st June 2023 - Price has activated an Inverted Head & Shoulders/ Cup & Handle/ Bull Flag Breakout today on the back of High Volumes (Price Volume Pattern BO) - Laggard from Insurance is finally joining in the Sectoral Rally (Sector Tailwinds) - The previous Dip halted at 0.382, ABC corrective (Wave 3 or Wave C upside...
BANKNIFTYFUTURE 30 min chart: pause near 200sma cum poc level.. patience is needed here. Today high oi at 43800pe and 43900 pe creating support whereas high oi at 44000ce is still the hurdle.
Banknifty key hurdle 44000--44100 as below 200sma :43970 poc: 44000 goden fib : 44036 prev. swing : 44083 support near 44350-400 being triple bottom in this zone curve trendline support near 43200 market is range bound .. play support resistance untill decisive break of 44100
Today we witnessed a bear run resulting in a big red candle in bank nifty. In smaller time frames one can notice the day's low was above yesterday's low level. The last two day's price action can be fit into waves 1 & 2 of the next up trending wave. In that case, we can expect a gap-up/positive opening in our markets (SGX is minus 50 points right now) and a...
#RNDR 1-Day Chart Analysis RNDR perfectly Moved as per Elliot Wave Theory and now its Correction wave starts, while first cycle of Correction wave is finished yet and movement start towards second upward direction wave and soon up to July in bearish zone time period, its again reach last lowest mark of 1.25 dollar approx. Invest wisely and #DYOR always.
After a long consolidation period stock is trying to come out of the range. Chart is showing strength, keep an eye on the stock for long term Levels & Logic mentioned on the chart Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
Nifty after bottoming out in March end has been in clear uptrend with some minor pullbacks in between. It is currently travelling in a parallel channel with a important support placed around 18190 which in last session acted as channel bottom trendline support as well as was May series avwap level. Nifty bounced by more than 100+ points from that support. In...
#bankniftyfuture 15min chart : power of control (poc) is near 44370 and this level will act as magnet... bulls will try to pull upto this level. .. downside support near 43900-44000
SUZLON (M) - >It has completed the Falling Wedge pattern in the larger picture - ABC >After completing the C Wave, it has formed the leading diagonal - Wave 1 & currently in Wave 2 >Go LONG above 12.2 on Weekly closing basis >Volume - Highest ever since its inception #Stocks #EW
Nifty needs to break 18531 to confirm end of 5 wave rise from march 2023 lows then as the moves unfolds we would know how the correction would be or its going to extend more on upside. Todays low was just close to rising Channel support tomorrow could be trending day. We am not a SEBI Registered Analyst WE are not responsible for any profit or loss pleases...
#nifty hourly chart: all time high is near 18888 Astro hurdle near 18720 & 18800 (astro and psychological level). and downside support near 18440-500 5th wave done and consolidation is going on between range of 18440/500 ----- 18720/800 range bound expected.. play the range
Hello Friends, Here we had shared possible wave counts of SRF Ltd. which is clearly showing corrective phase in current scenarios, After completing impulse move as 1-2-3-4-5 now we are in correction, which is unfolding as A-B-C as a zigzag correction pattern, which should unfold in 5-3-5 subdivisions, and already we had finished wave A and B, now possibly we are...
Stock is in ongoing impulse on a major timeframe. In the short term, it is in an ongoing correction. In the very short term, the Stock is in the B wave, a breakdown of the recent swing low with good volumes can ensure start of the C wave. A negative divergence of RSI can be observed in the recent upmove. Due to Ongoing Flat correction(3-3-5), the rule of...
Stock is on an ongoing impulse in daily, weekly, and Monthly timeframes. Currently in 3 wave of short term. and 5 wave of Long Term. Stock must be accumulated at every dip. The target zone is marked on the chart. The analysis is only for educational purposes. Please trade at your own risk
Stock is trading in Impulse on Major (Weekly and Monthly) Timeframe. Currently, trading in a short-term correction. Retracement levels are marked on the chart. 4 wave of Major 5 is going on. Expected to complete short-term correction in max 2 weeks and again start up move. The analysis is only for educational purposes. Please trade at your own risk
Stock is in an uptrend since it made a low of 73.20. Recently broke resistance at 182.50 and continuing in wave 5. Although, on higher timeframes it is giving negative divergence on momentum indicators, still a small quantity can be initiated with strict SL. Also, the basis of Gann Octaves is an Out of orbit case with a minimum target of 184.50. The analysis is...