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...
Possible Ending Diagonal Scenario could be unfolding for Bank Nifty. Trend could change next. Get your clue from European markets Check the related idea published last week. Plan-B as mentioned in the idea. Not a trading call. Manage your risk properly. Thanks
Gold Wave 3 ended after Covid Rally at 2075$ then went in consolidation for long time. Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern Wave B retraces 90% of A and then Wave C breaks low of A. Wave C is 5 wave impulse or diagonal structure Wave C in this case could be Ending Diagonal Pattern which is expected end between...
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
Rising wedges or Ending Diagonal ends the ongoing trend. This is not a call. Trade on your own risk please. Thank you
Let's get started with this beautiful Sunday Morning with an exciting idea on "Bank Nifty - Will if follow in the footseps of HDFC" By the end of this short video, you would realise that BankNifty could be unfolding similar structure once done for stock -HDFC in early 2021 / 2022. Hope, this long term idea attempts to answer our colleague's @punterpk unsettling...
Crude in WXY double zig zag correction. Currently wave C of Y in progress. All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too) Looking at wave 5 of C we can...
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
Under wave 5 of 5 of ending diagonal looking for 3 wave up to complete wave 5 price above wave 3 can go short with sl at invalidation
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
In TATASTEEL ending diagonal has been formed at the end of Wave B, If there is downward breakout one can expect down move which is the start of wave C, if it didn't breaks the invalid level placed at 1386.7, then the marking are invalid.
TRADING STRATEGY: Sell on rise keeping SL of 3230 and look for the target of 2530/2350 in coming weeks. Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4...
Ending Diagonal Setup can complete in 35150-35250 zone. Trading Strategy : Buy Buy in 35180-35225 zone if Index halts & takes support Stop Loss Below 35150 Target 35700 35950 36275 Note - Ending Diagonal Setup gets invalidated below 35150 levels & structure has to be reviewed later. Thanks for reading & Have a nice weekend.
Old Ways Leading to New Destinations ( New Results) - In this short video, we discussed old methods which could provide new results / new destinations. These Old ways / methods discussed are Channel / Trendline Chart Pattern - Head & Shoulder Correction ...
As many of you know, I spend much of my spare time analyzing markets. Yes, analysis is my day job, but it is also my passion. So, whenever the weekend comes around, I spend most of my time in front of the computer to study price charts. Month Line-Chart Using Line-Chart for identifying long-term trends. The primary trend is up. A price middle of the parallel...
Parallel Channel Support + Important psychological level close @ 17000 - Can Bulls Come Back ? Holding above channel, Index can bounce to levels mentioned below Target 1 - 17300 Target 2 - 17450 Target 3 - 17620 Target 4 - 17690 Target 5 - 17800+ _______________________________________________________________ Last Idea - Ending Diagonal At 17795 - Fall...
Apollotyre has completed a sideways FLAT A-B-C correction. Wave C took the shape of an ending Diagonal. Price has headed higher post this in minor wave 1 and corrected in Wave 2. Look for a series of higher highs in the coming days to complete wave 3 and wave 5 of 5 . Price staying a 205.7 will be key for this wave interpretation to be valid.