Wave 4 expected to end near 16450. Wave 5 pending we will see it getting completed tomorrow near 16300-250. Consolidation is then expected as ABC correction. Not much happening this week. Fall should continue next week. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views...
Crude oil is at major resistance near 9374-9476 can short here for target 8899 in 2-10 days with stop loss 9530
we are expecting it to take some liquidity to mitigate the 50% of the ob to finally fall below it's HTF support level!
Nifty has clearly taken support from its 20 DMA and is trading between its moving averages. On hourly candle, it has closed below the 20 ema and was bearish in the second half of the trading session. Support :- 16500, 16480, 16400 Resistance :- 16640, 16700 Market looks choppy and a clear trend is still not defined. Wait for the price action near the levels...
it looks like Bitcoin will reach 23800 this month by seeing the trend lines and fibonacci levels, lets wait and see what happens
Important Trend Lines....... WITH Supply AND Demand Zones.....
ITC - short term trade - Support & Resistance Buy when open and closes above resistance line - above 278 Target 1 - 282 Target 2 - 286 Target 3 - 290 Lower level support at 264 Strongly trying to break the Lower trend... Educational purpose...
Nifty has given a spinning top candle on a weekly close and is trading below its 20 ema. On hourly candle, it has closed below the 20 ema and was bearish in the second half of the trading session. It lost around 135 point in a single hourly candle and closed near the day's low. Nifty still not closing above its 200 DMA and has fallen after taking a resistance...
the following moving averages giving a clue for a third wave in Tata motors, lets see
NSE:ICICIBANK If the daily resistance is broken or it breaks out according to price action we can see 800 in coming days . We can see a breakout on .318 on fib levels on daily time frame. This is for educational purpose.
NSE:CHAMBLFERT It is at golden ratio .618 if there is breakout the stock can go upto 386 in coming days . The trade will be only executed only if it will give break out from level 370 This is for educational purpose.
According to price action . There will be small resistances at 490 but after that there 2 fib ratios which will be filled .618 which is golden ratio and .5 ration is should be filled in coming days . a target of 508 and after that 530 . This is educational purpose .
I'm expecting 12270 as first target for this week once it reached there will reverse from there I believe, lets see
cochin shipyard high volume candle HL : 354.9 & 326 Golden ratio level near 294 it will get boost above 355... wave analysis given on chart... waiting for 3rd impluse wave to start.. views are educational
I'm expecting this move in nifty this week based on fibonacci levels and trend lines
Nifty is currently taking support from previous week high which is near 16400 and a break below this can take nifty to 16200 which is the last support for the index post this we can see nifty at 15900-15800. On the upside resistance is at 16970 & 17200 which are also near Fibonacci levels of 0.5% & 0.618%
As we discussed and analysed BANKNIFTY after opening huge gap up! gave false breakout above and finally fell down! As we can see BANKNIFTY has filled its gap and hitting resistance which has previously acted as a strong SUPPORT hence we should only go long above 36100 if sustained! till then we can keep selling on rise
based on the fib level Ethereum might go 1070$ this year