Elliotwaveanalysis
NIFTY 50 - 08.08.2022 - DAILY & 15MIN CHART - BAHAVAN CAPITALNIFTY 50 as per 15 minute Chart Analysis i observe as below
As per 15 minute chart Analysis Elliot wave 5th had been completed and 1st wave will be starting tomorrow and should test 17466 level and then turn bearish and take a support 17428 / 17407 level.
If 17400 level is broken then 17348 level holds the next support.
Also i find a Head and Shoulder pattern completion after testing 17466 level and taking support at 17407 level.
Happy Profitable trading to all...
BANK NIFTY - 08.08.2022 - DAILY & 15 MIN CHART - BAHAVAN CAPITALBANK NIFTY as per Daily chart Analysis and 15min Chart analysis these are my observations
Daily chart analysis as per Elliot wave the 5th wave gets completed at 38106 level. As well as on a 15 minute chart the 5th Wave gets completed at 38106 level.
I also observe Head and Shoulder pattern on a 15 minute chart and having 38106 level resistance the market should become bearish after testing it and take a support at 38000 level. Once 38000 is broken i anticipate to come down till 37825 level.
Happy Profitable Trading to all...
GoldGold is showing final leg towards south zone has been started to unfold wave 5, which can probably go near $ 1660. On the way up side $ 1792 is an invalidation level.
As per RK's mass psychological cloud also, it is suggesting bearish. once it breaks below $ 1754 then more fireworks can be seen on chart.
RK's mass psychological cloud sell activated
4 hourly macd negative
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
GBPUSD Analysis for GBPUSD. It has gone under correction zone with wave . Assuming a flat correction here still its not confirm either lets see where the market heads making a clearer picture to get into trade.
This is clearly my idea and don't claim any signals, trade according to yours lookout and analysis
Happy Trading
Thankyou
EURO/USDI have been working on EUR/USD since a long time as the charts it has completed its 3-3-5 corrective pattern and now heading towards a new motive wave. Probably now the third wave is progressing according to the daily chart.
This is clearly my idea and don't claim and signals trade according to yours lookout and analysis
Happy Trading
NIFTY TRADE SET UP #NIFTY #SHORT Hello Friends,
As per #NIFTY #WAVE Analysis Nifty sell zone is 16259 to 16719, with invalidation level of this set up is 16800 if price close above this level this set up will cancel otherwise we can short #nifty here in sell zone for the Down side target is 15000-14800-14500-14300.
Happy Trading,
if you like my work & Analysis please share like and comments.
Thank you.
Naukri.com An Elliott wave View [1W]Going through the chart of Naukri.com, I observed that it has perfectly played an impulse upside.
The Chart is very beautiful and stock run as per the Elliot wave Rules and Regulation and also Respects Fibonacci Series/Ratios. We have completed the 5 impulsive waves in Naukri.com(weekly chart) and we have given it a cyclic number and it is correcting in cyclic wave , whose "A" part seems has completed and currently in B wave upside that has a target of around 5000-6000 roughly. Existing Longs can be hold for the above target and New buying can be initiated near 2880-2900 levels.
This is not a trading/investment advice, pls consult your financial advisor before any trade activity.
Please follow/Like if the chart is worth it.
Thank you.
SILVERSilver had broken support trendline and closed yesterday below 20 day moving average, which is clear sign of bearishness ahead. After bounce from lower end of falling channel it got rejection at upper end of falling channel, also RK's Momentum turned in sell mode, all other trend indicators like macd, rsi etc. are also suggesting same bias, According to wave structure we are possibly in wave Z of Z, which can lead to retest levels of $ 20.462 and if sustain below this then $ 19.80, On upper side RK's stop line may work as a major hurdle which is pegged at $ 22.550 to watch out for.
Over all wave structure could be like this one
Price had broken Support Trendline along with 20DMA level on closing basis
Price getting Declined by RK's Cloud and stop line on daily chart
RK's Momentum turned Negative on daily chart
Macd in weekly already in Negative mode
Macd in daily down tick converging to Negative mode
RSI in daily down tick and near 40
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
GOLDWhile correction gold's recent bounce rejected from RK's stop line along with upper bollinger band on daily time frame, as per wave structure we had marked it as wave X, Overall wave structure is still suggesting corrective phase only, along with trend indicator's support as a same bias by macd on multi time frame, stochastic on daily time frame, RK's momentum and also Dollar index resumes its rally, so Gold can see its slide to south direction near $1710, where wave Z can be equal to wave W. Once price closes below 20DMA which is pegged at $1842, then bear strength can show more power.
Gold has possibly started its wave Z
On daily chart histogram is decreasing
Weekly macd is already in negative way
Monthly macd is also in negative
Daily stochastic negative crossover
RK's momentum also not sustaining positive on daily chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Nifty 50- Chart update 1HRAll rules of Leading diagonal is followed in Nifty. The correction may be deeper in case of Leading
Diagonal, generally the retracement for a diagonal is supposed to be in the range of .618 to .786.
The range between 15400-15600 is a good zone to accumulate. Long may be initiated near the rectangle shown.
Please do your analysis before opting for a trade/investment.
Regards
Affle India Ltd-1WGoing through the Affle India Chart, It seems it is in major 4th wave and making an expanding flat wherein the (b) point has retraced beyond beginning of (a) point. It seems it is making a 3:3:5 structure, currently we are in 4th of C leg of the Flat. C leg is supposed to be in 5 wave structure. The correction may end near 820 and the longs in the instrument may be initiated near 820-910 levels i.e., .618x /.382x extension of 3rd wave.
This is only a view not a trade/investment advice.
Before going for any investment please take the advice of your financial advisor.
Please like if the chart is worth it.
Regards
Nifty-50 Chart updateA chart was published on Trading View for Nifty on 14.07.2022, your likes compelled me to take your input as a positive feedback.
And I have tried to explore the errors and have rectified some points for you. (Please comment if any are still there)
A leading diagonal can have 3:3:3:3:3 subdivision (common) and can also have 5:3:5:3:5 subdivisions.
Here we can see we have first type of subdivisions. We have broken out of a parallel channel downside and we are in B wave upside.
Still the view is same. Long may be initiated near the green colour line.
Thank you for your likes and comments.
Please do your own analysis before opting for a trade or investment.
Regards.
USOIL CRUDE OIL US oil overall trend is still bearish, but counter trend pull back rally is now due, not only due but it's now ready to go towards north directions
Buy on Dips is suggested, all the key levels are mentioned on chart
Overall running wave structure
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.