Again NIFTY trading at value low of the channel.Nifty again trading at value low where trader always think for buy.
For spot nifty 10860 below it will be value low.
Intraday s upport 10835 for spot which attract buyers.
India
Symmetrical Triangle(Bear Direction) NIFTYSymmetrical Triangle (Bear Direction)
Now are in the responsive move, this responsive move has much strength for a pullback.
Trading 11045 above, is bullish for targets 11208 and 11273 nearby as 38.2% retracement of total fall.
If you think for positive: Buy 11060-11080 stop loss 11050 below for the targets intraday R 11155 nearby and next targets 11208 and 11270.
Note: I am already long today lower level.
I also updated to buy you Nifty with reference of :
Expected PullBack ... on NIFTY.No need to write more about NIFTY. We have detected turning candle at value low.
BankNifty target 28345 nearby and pull with timePrevious support existing at 28530
and intraday target 28342 of Chanel.
Finally, intraday support is at 28340 nearby.
We may see a pullback 11 o clock nearby.
Refer to last research of BANKNIFTY.
Nifty is trading at value low which is supportHighLight tail with Yellow color at value low.
-> Tail detect each time when price taken U-tur n.
Wave counting 5 are completed.
Gravitating price is at 11270 as target. Trade above 11150 will be target 11268-11280
BATA INDIA - 60MIN CHART - Bata Bata is in a correction phase after a strong move to the downside. It has developed a rising bear flag formation as seen in the chart above. Traders can look for selling opportunities after the trendline of this bear flag has been broken to the downside which is 1305.
Target - 1253
How will you decide next move for NIFTY?
HighLight tail with Yellow color at value low.
-> Tail detect each time when price taken U-turn.
Wave counting 5 are completed.
Gravitating price is at 11340 as a target.
(suppose to close above 11357, then the next target will be 11468 (more than 90% probabilities).
We may face Resistance at control price 11340 nearby, for target 11189.
95% chance to win if create a TAIL at value for U-Turn . Bullish Candle: candle closed of previous 3 candles.
To see the following Researches, I suggest you take some time important for you.
1) Fib. Retracement is completely bullish from 11211.
2) History is important to predict the future move.
Important of TAIL on ICICIBANK will full of your pocket.For each U-term , this stock is created TAIL .
Look at the box, I have drawn TAIL so you can easily check it. Suppose, wave(2) has Tur n then it will create a tail on hrs chart .
Resistance 423 nearby.
Predicted waves if everything fine.
Self studied on NIFTY.First Look at yellow highlight candle with long shadow at ATTENTION part(i) and same formed on ATTENTION part(ii) .
Now, pay attention to the whole part (i) which has a downtrend , same part (ii) is in a downtrend . I have marked with a light pink circle which almost common in both parts .
After the long shadow candle , started U-Turn in part(i). Turn your eye on part (ii) , Now you will find that U-Turn can start about here .
The following points can validate to U-Turn or NOT .
The price will not fall or stay below 11225.
In case, little gap up, then price will not break 11240.
Price should be traded 11320 above after 3 o clock.
Upcoming news should be considering:
Friday 26th July 2019
-> 5:00 PM : Forex Reserves for 19th july
Wed 31st Jul 2019
-> 5:00 PM : Infrastructure Output for June
Wed 31st Jul 2019
-> 11:30 PM : USA Fed Interest Rate Decision
Thu 01st Aug 2019
-> 10:30 AM : Indian auto sales numbers
try with SBIN for intraday trade. try with SBIN buy 332-334 for intraday bounce 343, if abve it.. then 348-352
From a longer perspective, there is a still problem in BANKNIFTY
Long term tight channe l since 2016.
3 excesses at the value and one excess at value low.
5 waves are completed.
A previous Resistance and Wave(3) at 28227 (can be upcoming support).
50 days moving average is at 28080 nearby (too far for work as support).
Measurement of all falls mentioned in the chart, as per this measurement expected current until 13th Aug 2019(approx. plotted).
Conclusion: From a longer perspective, there is a still problem in BANKNIFTY.
Fib. Retracement and Channel, detected bottom of NIFTY
The 200 MA at 11130.
A "Consequence zone " of all 3 fib. retracement at 11502 nearby.
From the Fib. Retracement(i) and (ii), we detected 3rd Fib. Retracemet at 11200. (This is expected bottom OR revesal level).
Point 1) Look at Fib. Retracement (ii) at start point which is exact at 61.8% of Fib. Retracement.
Point 2) Now, loot at the Fib. Retracement (iii) closely from start point to 32.8% " the first leg " and pull back was toward the exact 61.8%.
Drawing of Fib. Retracement is important, therefore Point 1) and 2) is proof of true drawing.
Exactly NIFTY followed my Projection...I will update BANKNITFY shortly.
As per technically, till there is not much positiveness on nifty nor in banknifty.
NOTE: For Live ALERT , Kindly hit LIKE button.
NIFTY is following as per my chart. please check below post also.
Reliance two channel, future expected move projection,Wait for Tail to trade. There're two channels , one is yellow which closed and another channel till final wave remain. A (5) wave projection is plotted on the chart with considering control price and no trade activitie s area.
I have also used the timeCycle but did not add it here cause of complexity .
Support as Value High at 1254 nearby.
Last candle showing price rejection.
A lot of weakness that comes on BANKNIFTYLook at the chart, We are seeing TAIL at the bottom. A lot of weakness that come if ignored TAIL .
I'M ALSO LOOKING FOR BOTTOM .
Positiveness is base o TimeCycle for the daily chart.
Full detail researched on NIFTY with positonal and intraday. We have seen breakdown after (5) wav e and fired move in downside which still unstoppable .
This channel is not much reliable target/support 11337 and Final support from measurement at 11212 nearby.
I have drawn the "FLAG PATTERN" in a chart which has still left more fall. It's a negative point.
Advanced predicted channel has support 11300 nearby.
My performance and Followers...on BANKNIFTYFirst of all, you must have FIVE minutes to understand.
Try to observe both patterns as mentioned following:
Flag Pattern (i) which is in the channel.
Flag Pattern (ii) with breakdown channel support.
There're total (5) channels in the chart but the 5th channel is different from all others. look at all Four-Channel having up-trend but 5th has a flat channel.
Now let me switch your brain o n Jul 14, 2019. Almost of all advisors and TV channel bullish bulish target but I clearly told you that. This is my statement was "Negative move is left..."
I have added chart with all 5 smaller channel in this full post FIRST TIME after visualyzed.
After the 4 days and Jul 18th 2019. (3) wave and resistance plotted clearly drawed for you and next day Banknifty started to move downward .
On the Jul 19, 2019. I have published Support of the channel and breakdown arrow . Everyting is clear here.
I hope you have enjoyed and Happy to follow me.
Big Fall expected on NIFTY before ending next week.If you try to look carefully, you will know that.
1. Flag patterns
2. Overlapping and Result of it
Thought we are going to focus today only a few points, the Red Flag pattern is predicted and there is not overlapping still. From both these, concluded that we are going to see a big fall soon. I am till not confirm.
Short JUBLFOODS if tail foundShort JUBLFOODS if tail found... advance research. after the break @ level, I ll update accurate target. but ready for short.
