In this chart, 1Day time frame we can see the triple top Pattern
Currently the price is in neckline and retesting. After Retesting there will be a good chance of fall.
The weekly candle of Nifty closed below 16300 and appears weak now. Elliot correction waves can take Nifty to 14800.
Can go short if Nifty closes below 16200 in the daily chart.
We can see the stock price starting to fall after the completion of the 5th Elliot wave. The downside target is 8250. The correction wave may take the ABC pattern.
NSE:ICICIGI
as ICICIGI is in down tread from some time it could continue if its break 1275 level and start trading below it .
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I am not a sebi registered analyst. This channel is for only educational purpose. Any profit/loss, i am not responsible. Before taking any trade please consult...
As btc fot rejected by the supply zone, it fell and made a retracement in the form of the bearish flag.
The breakdown of the bearish flag confirmed downwards momentum.
Btc is going to fall further down.
This looks a bit scary on the technical basis as you can clearly see an Double Bottom Pattern and that also on a Monthly timeframe so. Moreover you can see The Hilega Milega Indicator is also very bearish as its showing a bearish divergence which is really scary. It is slightly tense to look at the chart of BTC. However we have to see whether the price will follow...
Inverted Cup and handle in making !!!
Usdinr breakout from cup and handle
nifty and usdinr are negatively correlated..
4 % upside in usdinr which may cause great fall in nifty !!!!
History will repeat again !!!!!
The 16700 which was a resistance level during August should be a strong support to Nifty now.
This line also corresponds to the 0.5 Fibonacci retracement in Nifty.
Once Nifty reaches 17700 to 17600 I'll close my short positions in Nifty as a quick short covering rally might occur.
If nifty breaks and closes below 17600, then we can short again for 0.618...
TITAN had rallied a lot and it is out of fuel now. The support line is broken which acts as resistance now. Targets are 2275 and 2100 on the downside. Stop-loss can be 2390. All the best guys.
1.Head & Shoulders Pattern Breakout
2.1066 Points of Depth in Pattern
3.Fibonacci 61.8% level exactly matching the next support and Depth low
4.Next Nifty comes Up to 16700 Level.
Disclaimer:
This view is purely for educational purpose and it's my personal.
Please consult your financial advisor before attempting any trade.
We're not responsible for any loss...
The LTI script had rallied too much and looks like it can't bear its weight anymore.
The Elliot waves are done and the correction has just begun in LTI.
I'm expecting a target of 5800 in the next few weeks. Analyze and trade if this is convincing.
PS: Overall market is correcting and IT stocks are still overvalued.
Since making a panic bottom in March 2020, Indian Markets, along with rest of the globe, have rallied in an impulsive fashion. The entire up move can be plotted as a five wave impulsive structure. The wave counts here also coincide with the prevailing social mood and the level of broader participation which has progressively increased with every successive up...
