October 13, 2020:
Identified a B-Wave shift in Auropharma (TradingView Idea Published as mentioned below), predicting a decline from highs of 1065 to lows of 397- was looking for Wave -C Downside. These are complex corrections so I changed them to X-wave (instead of B-Wave)
January 30, 2023:
Noted that Auropharma was close to completing an Ending...
Elliott wave analysis:-
Impulse wave formation has been formed.
1,3,5 wave are impulse and the 5the wave was an Ending Diagonal. .
if this wave has not broke above the 5th wave then we can go for short at CMP.
if pattern failed then we have to wait and watch the wave formation.
i am not a SEBI registered advisor. Before taking a...
As we approach the close of this trading week, we're spotting some intriguing patterns in the BankNifty Index.
Wedge Drama Unfolding?
- Without giving away too much, there seems to be a rising wedge forming at the current highs.
- This might hint at a potential move towards a 45299 downside target.
Netflix - Scoop
The riveting Netflix web series "Scoop" brought to life a powerful saying from the book **"Behind Bars in Byculla: My Days in Prison" by Jigna Vora**. The line, **"If someone says it’s raining, and another person says it’s dry, it’s not your job to quote them both. Your job is to look out of the window and find out which is true" is a fitting...
Attached: Sensex Daily Chart as of 19th June 2023
The Ending Diagonal is more evident and clean in BSE Sensex rather than NSE Nifty 50 (although you can observe in Nifty as well), which is why I have chosen to share the Sensex Chart
- A well defined trend line with multiple touch points
- Presence of a Bearish RSI Divergence
- Daily MACD already in Sell...
In the world of financial markets, technical analysis plays a crucial role in understanding market trends and making informed investment decisions. One powerful tool in this domain is wave analysis, which has proven its accuracy time and again. In a recent BankNifty analysis, wave analysis beautifully predicted the index's movements, providing...
Welcome back to another episode of Wave Talks. Bank Nifty's Tidal Wave -Ride or Crash: Index can face a significant shift with the unfolding ending diagonal. Will you ride the wave to profit or crash on the shore? Unfolding wedge pattern
It's time to reconsider Bank Nifty's pattern as it poses a risk. Let us discuss in details price objective & outlook for next...
Earlier in The Day - When Magical Level of 43350 Holds
Also known as an ending wedge, is a term used in the field of technical analysis to describe a specific chart pattern that signals the end of a trend or price movement. This pattern is characterized by converging trendlines that form a wedge shape and typically consists of five...
Attached: Nasdaq 100 Daily Live Price Chart as of 28th March 2023
Pretty Straightforward Chart:
- Price rejects for the 2nd time at 0.382 Fib, this is a Double TOP Sell Signal
- Elliot Wave Count shows Corrective Bounce complete in form of WXYXZ with C wave of Z being an Ending Expanding Diagonal
- Price puts in a Higher High but RSI puts in a Lower High, aka...
Here is my wave analysis on Bank Nifty at daily time frame, BN is about to complete it's 5 wave move to the upside, ending diagonal triangle formed at 5th wave is a sign of reversal. Time to be cautious.
14 Nov 2022 2113hrs
Bank Nifty Trading above the Previous ATH of 41840, now (14 Nov 2022, 21:00hrs) we can with a HH in price which is not supported by volume. We can clearly see a decline in volume and HH in price.
Price and Volume – Divergence
VP – POC around 41300 level
Most Likely Bank Nifty is in an Ending Diagonal formation
Ending Diagonal -...
Short Video - How we maintained our bearish outlook in this stock since 5th Aug 2020. I am excited to see 57% drop from the highs of 1063 to 457 (recent low).
Hope you enjoy the video & let me know your comments. Have a great day ahead.
As suggested in the last idea post penultimate waves we usually see terminating pattern. So, Traders have to be careful at tops
Index could push upside in opening session & while returning back if breaks 41668 level then it could confirm that it has topped out.
Last Idea - BankNifty - Five Elements to Watch
Elliot Wave Counts are evident in Chart:
Rise from 23rd August is an ABC with C being an Ending diagonal, and on Friday there was a Clear Breakdown of the same.
Downside Target open to 372 - 360 (Lower BB)
Stop Loss > 410
From the last update- 40600 was the key level which halted the up move exactly & same level acted as resistance in opening session when index opened gap down.
It travelled upside to 40605 close to 40600 resistance & dropped sharply down to 40378 -which is our critical level for upcoming sessions.
Index has been choppy since the bottoms of 40280 & the waves looks...
Ending Diagonal with a twist.
As identified support zone 39550-39600. Index post falling from 40073 highs slipped to 39759 first / did some sideways & fall continued below 39759 to very important support zone & day low in the zone as 39564
Holding in support zone we expect Index to push once again 40K + target zone where you have to be...