📈 Exciting Bullish Pattern Alert! 🐂 📊 Pattern: Brodening Pattern 📌 Symbol/Asset: OBEROIRLTY 🔍 Description: Stock has given the breakout of pattern. We can see huge upside from here on 👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
NSE:NIFTY near to completing a triple zigzag correction from the High of 18900 odd. Market retraced 50% of the previous Rally from June - Dec 2022. Retracing back to sub wave 4 of previous impulse. Momentum Divergence from RSI at oversold zone. A counter trend bounce looks imminent from these levels.
Expected to have completed the rally from a low of 42105 on 26 oct and is now expected to be in 3 swing correcting against this rally and expecting a decline before any further highs as far as it remains below 43730
Expected to have completed the rally from the low of 18837 on oct 27 and expected to be in 3 swing correction against this rally, expecting a decline in nifty as far as it remains below 19758 before further highs.
Expected to have completed the rally from oct 23 from a low of 18842 and expecting a decline, 3-swing correction against this rally before any further highs as far as it remains below 19812.
Expected to have complete wave 3 formation and expecting a decline in wave 4 before any further highs to complete wave 5.
Expected to have completed wave 5 within wave 3 and expecting a decline in wave 4 before any further rally in wave 5.
Expected to be in wave 4 formation and expecting a decline in banknifty before any further highs to complete wave 5.
Expected to be in wave 5 formation and expecting a decline in nifty before any further highs to complete wave 5.
Expected to be in wave 4 formation within wave 5 and expecting a decline to complete wave 4 before any further highs in wave 5 in Nifty.
Dow Jones Industrial Averages weekly view- DJIA expects to have completed the correction against the rally from Mar 2020 and expecting to extend further highs in wave 3 of supercycle degree a range of more than 5200 as far as it remains above 4100.
SPX is anticipated to have completed the correction against the rally from the low of 2191 in March 2020 of cycle degree. Currently, it is expected to be in wave 3 formation of cycle degree, with the outlook for SPX to extend further high in wave 3 as long as it remains above 4103 and does not break the trend line.
Expected to be in wave 4 formation within wave 3 and expecting a decline in DJI in wave 4 before any further high to complete wave 5 within wave 3.
Expected to be in wave 4 formation within wave 3 and expecting a decline in SPX in wave 4 before any further high to complete wave 5 within wave 3.
BankNifty Tomorrow view- BankNifty is expected to be in wave 5 formation, and anticipating a decline before any further high to complete wave 5, as long as it remains above 43864.
Nifty is expected to be in wave 5 formation, and anticipating decline before any further high to complete wave 5, as long as it remains above 19627.
Expected to be in wave 3 within wave 5. Anticipating a minor decline before a potential further high to complete wave 3, as long as it remains above 19699.
Dow Jones Average Tomorrow views- Expected to be in wave 3 formation and expecting a small decline before DJI resumes to rally further high to complete wave 3. Overall expect DJI to trade higher.