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BankNifty at Crossroads: Will 52,600 Hold the Bulls?As per our last update via comment: “Bulls will remain strong if the index holds above 52,600.”... 5th December 2024 The rising trendline halted the index at 53,888. 6th Dec 2024 Post-RBI policy today, the index again paused near the rising trendline. The big question Will the buying zone of 52,500-52,600 come into play again? And if it does, will it hold that zone? “If the index revisits the 52,500-52,600 zone and holds, will you dare to miss the opportunity to ride the bulls again?” Market Whispers! ...Can You Hear Them? Regards, WaveTalks Abhishek
NSE:BANKNIFTY
by WaveTalks
1
Is correction over in MCX?In the 75-minute chart in MCX, we can see that flat correction is going to be finished. This can be expected as the 0-B trend line breaks in less than half a time. (See that the lowest point from the trend line is formed in 25 candles, and the trend line is broken in 10 candles.) This is the primary indication of the end of correction. A risky buying opportunity exists at the current market price. The stop loss for this will be below the end of wave C, i.e., below the 5820 level. This is not a buying recommendation. Please always do your own research before you take any trade. This analysis is based on Elliott wave theory and Fibonacci. This analysis is for educational purposes only.
NSE:MCXLong
by theprofityogi
Classic Double Correction PatternThis is a classic example of Double correction (Double three) in HDFCLIFE. Marked in the first box, we can see Flat Correction where wave B is retraced to the 81% level. We are fulfilling the minimum requirement (61.8%) of wave B. Here in wave C, we see three waves. This is the first hint of an upcoming complex correction. The whole wave is marked as W here. In the second box, there is a perfect Zig-zag pattern. Wave B is retraced to 50% here. Also, we can see three waves in wave C, which gives us wave Y. These two waves are connected by wave X which is retraced to 111%. This is the best example of Double correction. This analysis is for educational purposes only. This analysis is based on Elliott Wave theory and Fibonacci analysis.
Editors' picks
NSE:HDFCLIFEEducation
by theprofityogi
1
Bitcoin - Classic Flat-Screaming for 72000 Target Upside Elliott Wave Flat Sequence with Wave C Ending Diagonal In Elliott Wave Theory, a flat sequence typically consists of three waves: A, B, and C. The pattern is generally labeled 3-3-5, indicating the wave structures. Wave A: A corrective three-wave move. Wave B: Another three-wave corrective move, often retracing Wave A by 90% or more. Wave C: A five-wave move, which can unfold as an ending diagonal. An ending diagonal in Wave C indicates a slowing momentum, often signaling a reversal. The ending diagonal structure usually forms a wedge pattern, tapering towards the end. This setup is crucial for identifying potential turning points in the market. Buying Trigger Above 66457 Target 71993 From WaveTalks Abhishek
CRYPTO:BTCUSDLong
by WaveTalks
2
ZEE Ent's Rise: Listening to Dalal Street's Market WhispersDisclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? Fundamentals: Institutional Trust: A significant holding by Domestic Institutional Investors (DIIs) compared to Foreign Institutional Investors (FIIs) indicates strong domestic confidence. This is backed by interest from major fund houses like ICICI Prudential, Nippon India, and HDFC Mutual. Potential: The DII trust and backing from prominent fund houses suggest potential for positive surprises in the stock market. In a market where news plays hide and seek, the strong interest from these institutions could be seen as the market whispering its confidence in ZEE's potential. It's as if "Wavetalks - Market whispers, can you hear them?" becomes a reality. Technical Analysis: Historical Performance: Since January 2018, the stock fell from highs of 619 to lows of 114 in March 2020, a drop of about 81.5%. This was during the early phase of COVID-19, indicating that market prices often anticipate events & discount them. After all, Price is God. Recovery and Fluctuations: Post-March 2020, the stock recovered to 378 by December 2022 but again fell to 165-170 in June 2023. The last six months of 2023 saw another rally to around 299/300. Current Trend and Outlook: The stock crossing the 300 mark is a key trigger, potentially leading to retesting of the December 2022 highs (378) and possibly extending towards 400-425. Sony Group Corp. Board Meeting: The upcoming decision on the $10-billion merger with Punit Goenka-led media conglomerate is a critical factor. Positive news could further boost the stock. Wave Analysis: Probability: There's a 75% chance, according to wave analysis, that the stock will make new highs above 300 in the coming months. Key Levels: Traders should watch for psychological levels like 250 and 300 for trading opportunities. Conclusion: Wait and Watch: The outcome of the Sony Corp board meeting is crucial. It's important to monitor the stock closely for any upward movements. Trading Strategy: Considering the stock's volatility and potential, traders should be alert to key price levels and news updates for timely decisions. From WaveTalks Market whispers!
Editors' picks
NSE:ZEELLong
by WaveTalks
22
TRIANGLE breakout in SILVER (XAGUSD)Elliott wave analysis:- View 1:- if it is a BULLISH triangle then it will break upside and the entire pattern next to w) wave is TRIANGLE X) Pattern. View 2:- If X wave was flat correction then a) wave was completed and b) wave was a BEARISH triangle and C wave has to break downside and the target will be same size of a) wave. i am not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
OANDA:XAGUSD
by n0m0ret0ss
A flat correction is taking place in IFCI. a Turn around stockElliott Wave Analysis:- View 1:- A fall was completed an impulse 1st wave seems to be completed and an correction 2nd wave seems to the impulse was taking place. If the high 18.85 was not broken then the previous low 8.50 have to break and we can accumulate around 5-7. which will be a safe bet. It has 70% govt holdings. only reason to touch this chart. if this was going to form a impulse then we may accumulate in every fall. but it seems to be an Penny stock kindly keep this for resarch purpose or kindly consult your financial advisor before taking this trade. I'm not a SEBI registered advisor. Further details will be added in comments .
NSE:IFCI
by n0m0ret0ss
1
FLAT Correction in keystone realtors.Elliott Wave Analysis:- FLAT correction View1:- a) wave correction was over and in b) wave correction c wave is pending either it should close above 658.75 then it will form expanding flat if it close below then it is a regular flat and it is expecting a break a) wave and it would reach the level of 533-549 . View2:- a) wave was completed and b) wave was completed and in c) wave formation I&ii wave was formed and iii, iv, v wave’s is expected to fall further directly from the current place. Further we wait and watch I’m not a sebi registered advisor. Kindly do your own analysis before taking trade.
NSE:RUSTOMJEE
by n0m0ret0ss
Correction in KOTAKBANK. FLAT (or) TRIANGLE Wave.Elliott Wave Analysis:- Due to some management changes in bank there are certain fundamental changes taking place. Let the cloud get cleared, until that we wait for the clear sky. View1:- triangle pattern. B wave was formed. Once C,D wave was formed then we can enter into the trade. until that we watch the wave formation. 1631 as stop loss we enter into the trade. once the breakout was completed in upper side we trail our stop accordingly in between waves. View2:- Flat correction. Once it break 1631 then flat correction is confirmed . Almost B wave was seems to be over. it may reach 1570,1436, 1267, 1051 will be the support level. Wait and watch until there is a clear wave formation. I'm not a SEBI registered advisor. Kindly consult your financial advisor.
NSE:KOTAKBANK
by n0m0ret0ss
GOLD Flat correction about to Complete! New High Awaits?Gold Wave 3 ended after Covid Rally at 2075$ then went in consolidation for long time. Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern Wave B retraces 90% of A and then Wave C breaks low of A. Wave C is 5 wave impulse or diagonal structure Wave C in this case could be Ending Diagonal Pattern which is expected end between 1675-50$ After low near these levels one can wait for break of 1808$ to consider move beyond 2075$ If wave C goes beyond 1600$ mark then this Analysis will be invalid. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
TVC:GOLD
by Niftydirection
Nifty In Consolidation 4th wave of C Before Next DropIf you Like Analysis then consider donating Tradingview Coins with Cheers!! :) 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 to be over so it carries good probability. So we are expecting it to spend so more time between 16400 and 15775 range completing D,E waves. If it breaks 16400 in next session then this can be flat correction as shown below max going toward 16430-40 level then drop Overall we are expecting drop anywhere between 15300-15000 DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
7