Bank nifty started up move after breaking 22440 to 23000-23200 as mentioned in previous article. Now wave 3 could be over expecting long and shallow 4th wave correction till 0.38 fib level which will be tough to trade. Current assumption is wave 3 of recent rally completed near 23682 which 1.68 fib levels where wave 3 usually end. Short all rise near...
nifty levels...28/08/2020 (1hr Candle)
Volumes are decreasing on the down trend and bounce back from 61.8% Fibonaaci Retracement
Stock currently in upward trend and may break upside. Wave 4 has formed skewed triangle and about complete final Internal Wave E. Long in the zones of 199-195 Stop loss 179 ( if hits loss will be ~10% of entry price) breaking 185 will be tough. Targets for Wave 5 235(as per fib extension drawn between wave 2-3-4),245-250(aggressive) Notable resistance 212 non...
Stock post touching 650 broken Consolidation started going south till 152. From 152 it made retracement fib levels 0.5 completing first 5 wave impulse Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse. Long all dips towards 270 Short term...
bank nifty levels...27/08/2020 (1hr Candle)
nifty levels...27/08/2020 (1hr Candle)
Buy above 4455 for 15,40,70++ Sell below 4430 for 15,40,70++ Can comment or ping me for any query All views for Educational purpose, Trade at your own risk
Buy above 2145 for 10,25,50+++ Sell below 2130 for 10,25,50+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 3660 for 15,40,70+++ Sell below 3625 for 15,40,70+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 3670-368 for 15,40,70+++ Sell below 3625 for 15,40,70+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 4440 for 15,40,70++ Sell below 4115 for 15,40,70++ Can comment or ping me for any query All views for Educational purpose, Trade at your own risk
Buy above 4195 for 15,40,70++ Sell below 4155 for 15,40,70++ Can comment or ping me for any query All views for Educational purpose, Trade at your own risk
Buy above 2090 for 10,25,50+++ Sell below 2075 for 10,25,50+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
SBILIFE has been trading near the lower end of the channel pattern(Support level) and near the 61.8 Fib level as well as the Pivot levels. If prices can support this level, in the next few sessions, a potential up move is implied until the upper line of the channel(Resistance level). Cheers! Feel free to share your view about this. Happy Trading.
On EURNZD its quite evident the retracement has been intended!!