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Happynewyear

29 Dec ‘23 - Banks took a break, still a Happy NEW YEAR close.BankNifty Analysis: Stance - Bullish Banks were appearing pretty lousy today, the fall did not halt at 10.11 today when Nifty50 found its support. BankNifty went further down and got its rejection only at the bottom level of the ascending channel. 4mts chart link - click here We have never seen an ascending channel that works with so much perfection. Yesterday BN finished on the top line, the gap-down opening tipped the scale in the bear’s favor but was run out at the bottom level. Interestingly only BankNifty took the beating, FinNifty ended the day much better (exact 0.22% loss closing as of N50). 63mts chart link - click here You can notice how beautifully BankNifty is respecting the channel. As long as we do not break the lower trend line, the bullish case is still intact. Thank you for staying with me this year. Your readership, comments, and suggestions are always appreciated. Wish you a happy and prosperous NEW YEAR 2024.
NSE:BANKNIFTYLong
by viswaram
Bank Nifty- Next Waves (Upside + Downside)- 1st Jan2021Happy, Healthy & Prosperous New Year2021 Last - 31235 / 15:23 Hrs/ 1st Jan2021 --------------------------------------- Trading Strategies --------------------------------------- Plan A Buy Close to 31200 (Stops - 31142)- Target 31400+ Plan B Sell Later - Below 31500 (Strict Stops - 31500 & Above) Target 31000 / 30500 ------------------------------------------- Last Bank Nifty Video - Connecting Idea -------------------------------------------
NSE:BANKNIFTY
by WaveTalks
9
EURUSD/ Wave 5 is terminated/ Next target 1/3 of the privious 4Price on Thursday rally up to 1.23082 and follow by the sharp downward move, this one causes me some money but it's fine ahaha, because if the trend really changes there is more room to trade. From the book called " Mastering Elliott wave by Glenn Neely" - The degree of the next wave must retrace 1/3% Fibonacci of the previous wave which is 1.20726 but normally from my experience it mostly retraces to 38.2% Fibonacci at least or even 50% is possible. Then the price will move upward it can form a wave b or wave 2 but shortly I think the price will fall after the new year. How to trade? I suggest trade mid-long term because the price already dives down a lot, you can wait for a pullback around 38.2/50% of the price which related to the previous high that can be a resistance zone. For me, I will wait and enter the trade in a shorter time frame. If I see the opportunity when the price pullback I will make another analysis. Warning!! This may not be the end of wave 5 of the pattern, it can also be wave x1 of wave 5 which is corrected to form wave 2 of wave 5(it means wave 5 is not yet finished. But rarely this will happen because of the rule of equality and degree. Wish you guy Happy New Year! Pause trading for a day and enjoy your life with your family For those who stay alone don't be sad, you can celebrate with me and with candles ahaha "Don’t worry about what the markets are going to do, worry about what you are going to do in response to the markets"
by ThanatVichachai