NSE PNB is Preparing for a Corrective BreakoutTimeframe: Daily
NSE PNB is currently facing strong resistance at the 200 EMA on the daily timeframe. The price has completed a corrective W-X-Y formation on the daily chart, and the ATR has increased to 2.91.
The stock has reached the final wave V of C of (Y) at 103.62 and has started moving upward. If this marks the end of the correction, the price needs to break and sustain above wave iv at 112 . Upon holding above this level, traders can aim for targets of 117 – 126 – 137+. Even if the price falls below wave (Y), traders can only buy after the breakout of 112.
Stay tuned for further updates!
Kinnariprajapati
NIFTYthis is fully prediction based on history. as of now nifty is bullish but big reversal is comming in my prediction. if my prediction hit target then revarsal will publish. it is based on elliot wave count and elliot wave osilator. whish earlier make same pattern based on this also. tentative date and tg may slightly differ as per market condition.
EW on NIFTY- Fall 1700 points or more? Where?How do you determine the end of the Throw-over(under)?
The price is upper trendline & recent volume is declining which is an indication that the End of The wave will meet .
But this chart has not volume data cause of spot nifty. You can check out volume changing into future nifty.
Let's try to look closely sub-wave of Primary Rounded donated 1 W.
The parallel channel is connected 1 & 3 upper bands and for lower band connection by 2 & 4 but, 5th traveled the price upper trendline which 5th Wave throw-over.
Now for the Primary Rounded Cycle, the price is traveling the upper trendline. In this scenario, we can see the price has surged after the 4th of throw-under.
End of this Throw-Over, we clearly assume that the correction will be huge or after little price rotation. This correction can be 1700-2500 points or more than it!
The Break-Down Trade-Strategy with Wave Counting!Hello, Friends...!
How are you?
After a long time, I've used here Break-Down Strategy...
The Control Price is too far from the current price level.
The price is trading near the Value Low area which is near 11476 .
No Activity Zone is the upper side of the Control Price.
The Wave COUNTING: our wave counting direction is up-ward therefore, the price will take support shortly to move up-direction.
Thank you.
AB=CD at 12798 for NIFTY.This defined the 12798 area as critical short-term resistance. It is important to note that the stock reversed after the AB=CD completion point will test. Although the BC projection was an important calculation within the PRZ of the pattern, the completion of the equivalent AB=CD structure was the defining limit. The chart of the price action in the PRZ shows the near-perfect reversal just the PRZ at 12798 nearby expecting...
I outlined that important level is at 12798 a nd Terminal Bar will decide for reversal confirmation.
I have mixed use Breakdown + Elliott Modied Basic Rules...
Indigo, Weekly TimeFrame and 4Hrs TimeFrame Overview.Value High is good to sell this stock 1372 below for targets 1287(Control Price 2) and Weekly chart 1210.
Target 1210 if the price sustain below 1360
As per the weekly chart, Buy INDIGO for targets 1480 nearby only if price close 1350 +
Param ount Underline is st ronger resistance and price can fall that why don't you suggest trade heavy volume.