Howtotradecorrections — Trading Ideas on TradingView

Nifty - Wave-B or Boon? (Short Term) Time Holds the Answer!🔹 The Fall as Expected The fall we anticipated in our weekend video has unfolded exactly as discussed. Triangular Pattern in Wave-B (proposed) Copyright Notice – WaveTalks Original Content Snapshot and analysis are original content from WaveTalks, protected under copyright laws. Any unauthorized use, distribution, or copying without written permission is strictly prohibited. The pattern appears to be forming a triangle in Wave-B (proposed), but the bigger question remains— Has (Wave-e) topped out at 22,577, forming a double top with (Wave-a) within the triangle? 🔹 Bullish Momentum & Market Complexity Interestingly, the bullish momentum slightly surpassed (Wave-c) of the proposed triangular structure adding complexity to the structure but pattern still intact as wave-a & wave-e both made similar top so far . 🔹 Key Levels to Watch - Will this decline hold above the swing low at 21,964? - Or is this just a pause before Nifty resumes its upside journey post the expanded ending diagonal in the larger degree as discussed on 26th Feb2025? 🔹 TradingView Idea - 26th Feb 2025 Last Idea This structure was already pointing towards higher targets—but now, the answer to all these uncertainties lies with only one entity—⏳ time. 🔹 The Final Truth Lies in Time Main Samay Hoon… Aur main sab kuch dekh sakta hoon! Just like in the epic Mahabharat, only time reveals the truth in the market! Stay Tuned for More Insights! Catch me with another exciting idea from WaveTalks, Market Whispers! Can you hear them?

ONGC - Did You Get Trapped in an Irregular Flat? – Elliott Wave I Told You So… The Market Whispers! Can You Hear Them? Back in April 2024, I warned you to be careful as the stock approached key resistance at 314, forming a Bearish Bat pattern with a Potential Reversal Zone (PRZ) between 300-275. The stock topped at 287, right at the edge of invalidation. Yet, if you got convinced of the rally above 300, then unfortunately, no one can help—but I did my job of warning you months in advance. This reminds me of BHEL, the stock we discussed a few days back. Let us talk about ONGC. The Irregular Flat structure caught many off guard. Did you get trapped? Because if the current wave unfolds impulsively, which it just started from the highs of 345, then welcome to reality! Warning Through Last Idea in April 2024 As shown in the chart snapshot, how Irregular Flats look has been illustrated next to the price chart. I have depicted the irregular path of flats that could unfold. This is how markets deceive, creating irregular structures that mislead traders. Elliott Wave calls this pattern an Irregular Flat—a trap that looks bullish before a sharp reversal wipes out weak hands. The Lesson? Patterns speak… if you listen carefully. I shared my insights long before the structure unfolded—and yet, if you got trapped, you now know why. Catch me later with another exciting idea of WaveTalks, Market Whispers! Can you hear them? Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.

BankNifty: Magic of Historical Levels- Can we hold 49183?(Disclaimer: This analysis is for informational purposes only. Consult your financial advisor before making any trading decisions.) As anticipated earlier in the day at 12:03 pm BankNifty faced selling pressure right at the resistance zone of 49,600-49,665, leading to a sharp fall. Sharp Fall After 45 mins of Patience at 12:45 pm Was the sharp fall outcome of any pattern you recognise in ElliottWave - If so what is it? Did you notice it halted in 49600-49665 zones & to be precise it was 49600---Wow!!! Historical levels once again proved their significance, as we initially expected support near 49,350-49,375, but when momentum takes over, markets can surprise. The big question ? Will BankNifty hold at 49,183 & 48,900 (precisely 48,906), or are we set for a deeper plunge? The impulsive Y-Wave began at 47,845 in the WXYXZ proposed correction and if corrections tend to fully retrace, a test of those levels remains a possibility. And what about Nifty? Could we see a slide towards 23,800? 🤔 Only time will tell. Key Takeaways: ✅ Resistance worked like magic at 49,600-49,665. ✅ Support zones were tested but didn’t hold up in the sharp fall. ✅ Will 49,183 & 48,900 act as a base, or do we head lower to 47,845? ✅ Corrections often retrace fully—watch for further price action. Historical levels remain key—markets have their own mind! Catch Me With Another Exciting Episode from WaveTalks- Market Whispers! Can You Hear Them?