#NTPC completed a 5,3 cycle on a 15Min timeframe chart.
Where,
Wave 2 retraced 0.382 Wave 1 and
Wave A is equal to Wave C.
Which now suggest a further rally to upside from here.
Mini Trend: Bearish with LHLL pattern
Good range of 300pts from19900-to-19600 is made as base for Bears
Bears will have control as long as the price remain/close inside this range
Breakdown of 19600 can yield 19450 either Friday or Monday
"Good morning! As of July 27th, the global market indicates a negative start (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down; if the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a...
"Good morning! As of July 27th, the global market indicates a negative start (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down; if the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a...
"Good morning! As of July 27th, the global market indicates a negative start (based on only Dow Jones), and the market nature is bearish. Therefore, it doesn't matter if it opens gap-up or down; if the initial market takes sharp declines, we can expect correction continuation with minor pullbacks. On the other hand, we can expect a rally only if it opens with a...
BANKNIFTY Intraday Trade Setup For 28 Jul 2023
Sell-From 46060
Invalid-Above 46170
T- 45775 45570
Bearish-Below 45570
Invalid-Above 45680
T- 45227 44890
BANKNIFTY has closed on a bearish note with 0.83% cut today. It has formed a bearish engulfing candle in daily TF. Approach will be to sell on rise till it gives a breakout of 46370. Today it opened directly at...
NIFTY Intraday Trade Setup For 28 Jul 2023
Bullish-Above 19710
Invalid-Below 19660
T-19840 19935
Bearish-Below 19600
Invalid-Above19650
T- 19505 19413
NIFTY has closed on a bearish note with 0.6% cut today. Initially buy triggered as per trade setup which we avoided as it looks weak when it re-tested our buy level near 10 AM. Later 10 o'clock range broke...
If sustain above 6335 in Weekly then it may go upto 6400, 6500, 6600
.
Harmonic Pattern XABCD is already activated in this chart. If it breaks our 6335 level, then we see to hit our targets.
.
If you gain some learning from this chart, then please like this post for more reach & also do comment if you have any questions regarding this.
BANKNIFTY Intraday Trade Setup For 27 Jul 2023
Bullish-Above 46100
Invalid-Below 45990
T-46320 46535
Bearish-Below 45900
Invalid-Above 46010
T- 45622 45377
BANKNIFTY has closed on a bullish note today with 0.47% gain today. Buy triggered as per trade setup above 45945 and inched slowly and steadily towards 1st target. Trade gave around 150 points move but the...
