Nifty Bearish Reversal to 21800 and 19900. If May fall if 24500 is broken , Targets are based on fib extension. on weekly 23.6 % retracement and Fib extension meeting at 21800. This is likely to happen in coming few weeks or months.
once 21800 is broken next target would be 19900. This seems too much however this can be used as best time and level to invest for long term. 19900 is 23.8 % retracement from all time high. This is ideal level for long term investment for 4-5 year horizon.
Fall
IIFL Finance-A risky potential trade!The stock IIFL finance has recently crashed post news release of RBI debarring the company from sanctioning and disbursing fresh gold loans.
However, such news based falls are good opportunity for long term investors to accumulate.
Short term traders can also be interested in this stock since it has started some recovery.
The stock can show sudden spike like the one seen in Polycab and Manappuram post news based fall.
Trade is risky but has a big potential.
Nifty SmallCap under selling pressure1) Nifty SmallCap Index is under strong selling pressure.
2) Index may fall further 3.25% in the upcoming days.
3) 14900 will act as a good support area.
4) Time to cut positions from SmallCap stocks and move to cash.
5) If the Index breaks 14900 again, This will lead to another 4% fall.
Nifty Prediction and Bank Nifty Analysis for Friday 19 January 2🔴Disclaimer: This information is solely for Education Purposes only and to provide information and is not intended to give any advice. Please consult your financial advisors before making any decisions. Stock Market investments are subjected to market risks.
⏺In this video, we'll give you a nifty prediction and Bank Nifty analysis for Friday, 19 January 2024.
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PVR gonna FallPVR stock price is in it's long term supply zone!! Any time sellers will enter and push the price down aggressively.
PVR... CORRECTION Elliot wave pattern. Correction waves can take PVR share price to 1515 levels. Expecting about 100 points correction in the next 1 to 2 weeks.
ICICIGI POTENTIAL SELLINGNSE:ICICIGI
as ICICIGI is in down tread from some time it could continue if its break 1275 level and start trading below it .
Disclaimer: Any information shared would be only for educational purpose...
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 your financial advisors. Thanks
Bitcoin HazardThis 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 its history or the Whales will beat the price action and take it to 1 million dollars till 2030 as per the ARK Survey.
NIFTY... THE BOTTOM IS SOMEWHERE NEAR...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 retracement which is at around 17200 levels.
NIFTY-50 will come down again1.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 or profits.
LARSEN & TOUBRO INFOTECH... CAN EXPECT A CORRECTION UPTO 14%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.
Nifty Elliott Wave Analysis - Bear Market 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 move. Markets are nothing but reflection of the social mood in price and the wave analysis captures this behavioral aspect of financial markets. Nifty found a strong resistance at the Fibonacci level of 161.8% inverse retracement of the immediately preceding fall. Generally, this Fibonacci level is where we see major reversal but nonetheless markets overshot this level. Since Feb. 2021, various inter market divergences started developing specifically with respect to other emerging markets, dollar, Gold etc. We at Milestone believe this entire rise from March 2020 bottom is complete and we are now entering a correction that we expect to be at least 50% retracement of the whole rise. We have been warning of an imminent fall in the markets since 4th of August to our students at Milestone. We have witnessed that bear trend in Midcaps and Smallcaps which represent the broad market health but it was just a matter of time before we witnessed the same in the Largecaps and the the benchmark indices. Be prepared for what is coming.
Technical analysis behind todays TATAMOTOR -13% fall👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 2000 Followers 🔥🔥
Self-explained chart : Just educational purpose
⌛ Motivational and psychological area ⌛
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
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✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
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➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
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