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NSE:SOUTHBANK * Expecting SOUTHBANK to " GO DOWN" ( SHORT) * am expecting 10% down in SOUTHBANK and take TREND LINE support * always give time for stocks/crypto to perform
The bull run we are witnessing may be wave 4 of the downward rally in Nifty. In that case, we may expect a collapse from here. Currently nifty is trading close to 18100 which corresponds to 0.618 levels of the downward Elliot wave. This level should be a stiff resistance for nifty. Next week market may open with a gap up and can get sold into. Day closing above...
Hello Everyone, Firstly, we hope all of you are doing well and are excited about Investing & Trading for the new Financial Year 2023-24. We are excited for the coming times, and with you, we continue to ensure that Dhan gets better every day. For our incredible user experience and awesome customer service that Dhan is focussed on, the start of 2023 has been...
Ever felt curious about the forces that shape market movements? Let us introduce you to the Schaff Trend cycle, a user-friendly tool designed to reveal the market's natural ups and downs. Created by Doug Schaff in the 1990s, this helpful indicator is built on the idea that market trends follow repeating patterns of highs and lows or cycles. Imagine the Schaff...
Studying the Elliot waves in 15 min time frame. Waves 1,2 and 3 of the larger wave 3 are done. Expecting a pullback and consolidating wave 4 for a variable duration before nifty ultimately falls to 17550 and then to 17485 levels. Stoploss- strong closing above 17700.
After a wonderful short covering rally, nifty is likely to consolidate next week with a negative bias. The trading range would be 17700 and 17400. 17700 stands at 50% Fibonacci retracement of the previous fall and 17400 lies at the support trend line. Strong closing of 30 min candle above 17750 invalidates this view. Happy trading guys.
Elliot wave analysis. The impulse waves are completed on the downside. Waves 1 and 5 were equal in length, and wave 3 ran 1.68 times wave 1. Today we saw corrective wave B, approximately 0.78 times wave A in nifty, 0.618 times in Finnifty, and 0.5 times in bank nifty. All these waves correlate well with Fibonacci levels. A decent C wave correction can retrace...
In this video, I share my analysis for Nifty and Bank Nifty for tomorrow. I use my own technique called FASP to identify the immediate targets for the index. These levels are important to recognize where the key resistance and support points exist. Map these levels to your charts and explore how it works for you. Wish you a very happy and profitable year ahead!
Best buying and holding for the delivery range is around 100 to 120. Long term targets 150+ Alert: This is my own opinion. Please do your own analysis before taking position. Thanks.
A clear breakout of resistance trendline was seen in ban nifty and the index had come back to retest the trendline. The retest also corresponds to 50% Fibonacci retracement. A pull back from here to 41900 (0.786 fibo) can be expected as a target.
when Bank Nifty brakes 41550 above go for long, For short if brakes below 41250 . Maybe tomorrow we expect side ways market .
The stock may have completed it's correction as it is also down 60% from the top. If price drops further below 129.5, it may extend the correction towards 115. As long as the current low remains intact, it is likely that the stock will continue its bullish cycle.
The current structures can be assumed as a triangle with internal ABC waves. As long as the price does violate the rules and remains above the wave C, the bullish price action remains active. This is based on the Elliott Wave Theory.
All Targets hitted after breakout 42280,42340,42480
Hello ji, ============================================================ Here is support and resistance Levels are drown. Today is big profit by me. Thank you. Have a nice weekend🙏🙏🙏 ============================================================
After dropping nifty jan 2023 gave little push up. it will continue to fall if it breaks 18170. Sell below 18170. Sl 18425. Target 17920, 17720
Buy above 17940 level Sell below 17880 level Strong resistance at 18060 Strong support at 17760