i am expecting a test down of 15178, 14887.90, 14680 levels before 18th july
current market price as of 5th july is 15810
18july to 5-8 august might be a consolidation and momentum divergence period only if above 15178-14887-14680 level are sustained
will buy on based on momentum divergence of macd or rsi (best will the double bottom bullish divergence)...
Nifty post forming Leading diagonal now has staryed wave C which is expected to reach below previous low 15671.
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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...
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First Look at larger picture on daily chart that we are in Triple three complex correction
We are expecting wave iv or 4th wave of C to be Triangle but its advance assumption.
Until wave D of triangle completes and bounces it can't be confirmed but consolidation still doesn't looks...
Wave B looks to be completed and drop looks to be in progress.
All other details on chart
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...
Banknifty Elliott wave count as shown in charts from wave 1 to 5.
Currently we are in complex wxyxz correction. The final Z wave should be in progress which should break previous low.
The new low is expected to be between 31400 to 30000
The drop from X wave can be looked as Zig zag correction on downside with current wave B in progress and will start C wave...
from previous top 18100, downword 5 wave correction is going in nifty 50 ,4 wave coreection (abc) is done around 17400 level now we may see 16200-16080 level in few days
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets...
Reliance Ind giving solid breakout above 2740 range on daily,weekly charts. Fibonacci extension above breakout coming at 3100 levels first. Invalid below 2640 closing. Best ever GRMs will support RIL to rise higher and higher
Details as per added on chart waiting for day high 17724 to be taken out.
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...
IDBI making leading diagonal pattern after recovery from 40 odd lows.
Expecting it to move towards 70 in wave V of leading diagonal.
Stop loss as mentioned on the chart.
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...
Voltas previously moved out of flag structure and gave retracement.
Now again made 3 white soldiers candlestick Pattern on daily chart.
Upside expected towards 1440-1528 with SL 1243
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...
Nifty running up from 15671 like there is no resistance upside.
But when you take a closer look the the price is not straight up but its curving downside.
momentum loss is shown by MACD with negative divergence.
Hence the title THE END OF THE NEW BEGINNING
Price is going up as wxyz correction to previous drop and expecting end between 17890-18200 levels
The...
Timken is moving in channel since Covid drop volumes looks returning
On weekly chart MACD about to give positive crossover.
Currently Broken out of Triangle and is in consolidation. It looks to be in 5 of 3 wave which should be sharp up.
Can go long near 2150-2050 range with SL 1905 for targets given in the charts which are 0.618 and 1 fibonacci...
Gail looks to have come out of wave 4 and now making leading diagonal for starting wave 5.
Leading Diagonal chart as below
Upside potential of almost 60% expected targets near 230. One can look for lower target as well of 0.618 extension near 190.
Details of entry exits and targets as per charts.
DISCLAIMER:There is no guarantee of profits nor exceptions...
Nifty is in complex correction going upwards from 15671 low which is called as wxyz correction.
From low of 17006 nifty started final wave Z of which A and B looks completed today near 17199.
Tomorrow it should start fresh up move after breaking 17308 immediate move is expected towards 17500.
Z wave should end near 17800.
Conditional entry above 17308 with...
Stock on weekly time frame has given flag breakout and looking bullish.
MACD has given positive crossover above zero line and MACD histogram also turned positive which are signals for upside
Expecting wave 5 to extend more than 0.618 Fibonacci levels.
Entry SL and targets are as per charts.
DISCLAIMER:
There is no guarantee of profits...
BANKNIFTY Index, 240 Mins Bar Chart (Interpretation 1)
Double Zig-Zag corrections often fit into a parallel channel which is drawn between the highs of
wave A & B to determine the end of wave C.
Infosys recently made high near 1845 and got rejected from 0.618 Fibonacci.
The recovery it made from recent low 1665 was Flat abc(pink colour) correction where b was exactly touching start of a then wave c retraced up to 1.382 Fibonacci extension near 1845
On Larger degree correction not over yet and looks to be ABC zig zag correction which can take Infy...
