Black Friday saleUp to 70% OFF

Ending Diagonal

Nifty ready to Crash for November end!Reasons to go Short on Nifty: - Rising Channel/ Rising Wedge/ Ending Diagonal Pattern (call it whatever) has formed on Nifty 4Hr Chart - Triple RSI Bearish Divergence + MACD Divergence - Today we saw a Steep Sell off (Wide Range Bear Candles) - Market breadth has shifted in favour of declines to 1:2; it was at 6:1 during the opening today - On Nifty's Daily Chart, we got an RSI breakdown below 70 too today, Weekly RSI has not yet managed to cross 70 - FIIs had been buying vigorously since November start but today they barely bought 24.2 Cr, once they start selling we would have not only DIIs who have been selling recently but also FIIs putting that selling pressure - Thanksgiving is on Thursday and US markets are shut on that day, the following Black Friday US markets will operate half day. And then the coming Monday is Guru Nanak Jayanti so Indian markets are shut on Monday. Hence, Long weekend ahead likely to see Long Unwinding - Sentiment has been Extremely Positively recently and the Markets are short term overheated along with many individual stock names especially in Banking & Financials, this all calls for a Short term Correction - If you look at individual Stock Charts of Nifty 50 Heavyweights, then you will see Weakness there too for the short term, hence the Heavyweights can drag the Index down steeply - Remember Markets Top out on Good News and Bottom out on Bad News. With the recent Vaccine news, it seems that now all Good news has been discounted by the Markets so what's left to push it higher? "The best trades are the ones in which you have all three things going for you: fundamentals, technicals, and market tone" - Michael Marcus, Market Wizard Our Short Thesis for Nifty checks quite a good number of Criteria. So there you have a recipe for a High Probability Trade ! Downside Risk Open to 12,475 as per the Pattern View Negates above today's High Happy Trading :)
NSE:NIFTYShort
by T_Harth
1
#SBIN heading to ₹100 on longer term chartsState Bank of India at ₹100 ? This is a very real possibility if the elliottwave pattern on the long term SBI charts indicated above are right. As can be seen, the 2015 - mid 2019 overlapping but upward titled move can be charted to indicate a long term ending diagonal. The subsequent downmove is clearly impulsive and has now just completed the 4th wave upward correction. This means we are headed to ₹103 if wave 5 of this move equals wave 1. Short term charts will be published soon with details on the internal wave counts of the current impulse.
NSE:SBIN1!Short
by SolomonsView
2
Nifty Ending Diagonal 5th WaveNifty looks to be forming ending diagonal Long near 11900, SL 11860 or intrady can go with SL 11880 Target 1 11960 which 0.5 Fibonacci then 12k again can be seen DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis. -------(((((Please LIKE & Donate Coins to support my analysis)))))-------
NSE:NIFTYLong
by Niftydirection
ICICI BANK Trading idea and analysisDisclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly. This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!! DO NOT FORGET to put your own STOPLOSS!! If the price is unable to take out the red zone in 1hr & 4hr time frame then it will consolidate in between the red and green zones. If overall market sentiments are negative & do not sustain the green zone then it will fall to the redline. ICICI Bank is a portfolio stock and investor can buy it on every dip, in every fall of price to invest in it for the long term. If you earn from my ideas, kindly consider donating small part of your profits to those in need. ThankYou!
Editors' picks
NSE:ICICIBANKLong
by Lakshmundhada
5
Gold- Triangle Scenario Evolving As Ending Diagonal- Wave YNot a trading call Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------------------------------------------------------------------------------------------ Note - For Educational purpose only ------------------------------------------------------------------------------------------------------------------------------ Market Commentary Last Idea - Suggested It could be a triangle unfolding - Gold did best holding 50500 levels (approx) with +/- 250 points & attempting 52000 levels. "if gold holded 50500 levels then triangle scenario was still open but breaking below 50500 level- triangle scenario was negated" Later breaking 50500 levels after making high @ 52182 - now it can possibly unfold as an ending diagonal which again suggest that making a new low below 49250 - it can attempt all-time new high or similar high @ 56191 Short Term - Downside Trend - one more fall expected below 49250 holding below 50350 Long Term - Upside Bias & One more high cannot be negated. Once New low is achieved as per short term trend- close to 49000- we can expect new all times or similar high @ 56191
MCX:GOLD1!
by WaveTalks
6
SBI CARD Wave 1 Complete. Time for Wave 2 Decline!Chart Data as of 25th Sept, 2020 A Classic Ending Diagonal/ Rising Wedge structure has marked the Completion of a 5 Wave Impulse Elliot Wave suggests we are now in a Wave 2 Decline that can retrace this Wave 1 advance that just got completed I have a Minimum Target of ~ 725 for this Decline. Key Levels to Note: T1= 725 700 psychological level T2= 685 T3= 640 Where this Wave 2 Decline will Stop, I do not know but there is a High Probability that we will at Least meet Target 1 for this Downfall. My Bearish View Negates if we make a New High above 868 Studies apart from EW such as: Price Volume Action RSI MACD ADX ......Are ALSO Confirming my Bearish Thesis, SO if you do not want Short at least I Will not be a Buyer till SBI CARD makes a new High. Provide me Feedback and Support if you liked this Bearish Setup Happy Trading :)
NSE:SBICARDShort
by T_Harth
3
TITAN : CASE OF ENDING DIAGONALThis is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp reversal takes place which bring the prices back to the level from where the diagonal began. Here in the stock of TITAN, this ending diagonal is placed as a wave-C of a corrective move. As you can see in the chart, this pattern looks like an ending diagonal having wave-1 wave-2 wave-3 wave-4 & wave-5 . Each of these five waves are having an internal structure of three waves. So as per the wave analysis we can say the stock price of TITAN are going to fall . It has been seen that the target level of ending diagonal wave is the origin of the diagonal or the wave 2. So one should see a selling opportunity in this stock & look for the target zone as mentioned in the chart.
NSE:TITANShort
by TradingSutra
Bajaj Finance Wave 5 Ending Diagonal Final leg of UpmoveDISCLAIMER:There is no guarantee of profits or no exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. --------------------------(((((LIKE)))))------------------------------- Bajaj Finance gave breakout from Ending diagonal in Wave C and since then moved up now in final 5th wave formed Ending Diagonal in Wave five (5). Confirmation: We see (iv) right now completed since 3 up side candles and started wave (v). It also moved nearly 0.5 fib level 3570. Next possible Wave 5 target 3670 which is 0.786 fib level. If wave (v) not truncated then possible to touch 3770,3820,3870 levels. Once wave (v) ENDs downside will start.
NSE:BAJFINANCELong
by Niftydirection
2
USDCAD- case of Ending diagonalVery soon there will be a trend reversal in the pair USDCAD. The current price structure is forming an ending diagonal which is going to complete the long term corrective wave A-B-C started in the month of march. The another reason for expecting a trend reversal is the bottom formation of dollar index, which clearly suggests that major reversal going to take place. Important levels are 1.30800 as the last & Above: 1.32400 reversal confirmation.
Education
by TradingSutra
Tata Motors Ending Diagonal (THE END OF CORRECTION)DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. --------------------------(((((LIKE)))))------------------------------- Chart Scale Monthly and we see Ending Diagonal appeared in Wave five V. We are in Wave (4) right now probably going towards major resistance 165-67. Wave V or (5) should end at least 50% of wave (4) which is 112 Next big support 105. The calculation of Wave 5 End depends on wave 4 end and also whether it will correct 50% fib levels or more/less will be another mystery. But we can definitely say Ending Diagonal Brings THE END. See you soon XD.
NSE:TATAMOTORS
by Niftydirection
Nifty -Possible Leading Diagonal-Selling from the Tops @10550Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ----------------------------------------------------------------------------------------------------------------------------- Leading Diagonal (Type 1 Diagonal) Question in Level 3 CMT Exam -------------------------------------------------------------------------------------------- Real-Life Story - In 2015 - Got Question in The Final Level 3 -CMT Exam - What is Type 1 Diagonal which I got a logical solution just by connecting the pieces & thinking about Ending Diagonal (Type 2 Diagonal) which ends the structure whereas Leading Diagonal (Type 1 Diagonal) starts the structure- helped me to crack the question. -------------------------------------------------------------------------------------------------------------------------------- Questions which we need to ask ourself in the current scenario - Is this a Big Leading Diagonal from 7512 to 10552 then also deep retracement is possible & holding 7700-8000 zone with minor supports 8800-9000 can open the extreme bullish scenario ------------------------------------------------------------------------------------------------------------------------ Trading Strategy ----------------------------------- Selling From 10540-10560 as suggested in the previous video ideas & status update or Sell Below 10300 for 10000 / Below 9950 for 9700-9725 / Below 9700 for 9550 -More on the downside if 9500 gets broken -------------------------------------------------------------------------------------------------------------------------- TradingView Profile Page in.tradingview.com --------------------------------------------------------------------------------------------------------------------------
NSE:NIFTYShort
by WaveTalks
31
Auropharma - Tighten Your Seat Belts! Below 700 for 600 TargetDisclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. --------------------------------------------------------------------------------------------------------------------------- Selling below 730 - We look for 600 Target - if you get nervous in between do book partial profits at milestones like 685 / 655 / 625 - They are temporary halts.
NSE:AUROPHARMAShort
by WaveTalks
82