WaveCount
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• 1-2 -3 -4 (Running Currently) - 5th Wave Expected Upside.
• 4th Wave
o Unfolding as Triangle having last leg - "e" wave close to end.
o 4th Wave Triangles are "penultimate wave" means it is 2nd last wave & one more wave left in the structure which started from the lows of 1473 on 23rd / 25th March2020.
• 5th...
A Leading diagonal I call popat pattern becoz it will mike a popat of all buyers and sellers . But when the pattern has made finishing making a popat of everyone one It will launch a massive wave 3. Regards
After completing the super cycle W5, Nifty entered into what could possibly be a correction (or a bear market?) in text-book style leading diagonal pattern(Wave 1). Currently its either approaching end of Wave 2 or already just completed W2. Expect Wave 3 to be nasty and swift and deep.
Target Date: Likely by mid to end of June
Target correction: 10 to 20%.
Glenmark is expected move in expanding Leading Diagonal.
V wave of leading diagonal always moves beyond end of wave III.
V wave expected to move minimum 100% of length 0 to III somewhere near 1400+.
Most likely to 138%(1.382) or 168%(1.618) which are near trend line.
The prospects and analysis are for long term if anyone wants to keep stop loss then they would...
The rally from 1830 to 2231.9 looks like a Leading Diagonal which could be Wave 1 or A and the recent correction could be Wave 2 or B. The correction is around 0.618 level and the price is penetrating around 0.618 level. So what I think is that if Reliance starts moving higher from here the next impulse could be very strong.
This is just a rough idea at this...
Yesterdays top can be counted as the end of a leading diagonal and should now corrected in 3 waves. When done this this should position itself for a long and sustained rally.
Alternate count - count yesterdays move as the completed 5 waves as an ending diagonal - not very likely as the price move/ distance travelled for this wave is miniscule compared to Wave 1
Last Price - 11860 / 10:37 Hrs -4th Nov2020
This view is not valid if Nifty crosses above 11930
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Already suggested in last video idea - US Markets are doing retracement for...
FIRST Wave: ( Leading Diagonal Contracting )
In the first wave, we have detected the Leading Diagonal contracted within two yellow-colored covering lines but the leading diagonal occasionally appear in the first wave position of impulse. I have labeled by using roman numbers.
SECOND Wave: ( The 50% Retraced )
Its a corrective wave formed A, B, and C. Its...
As explained in previous chart we were able to pin point Banknifty's down move.
Downward wave four 4 was double zig zag correction which completed near 24404.
We are witnessing now final Wave 5 impulse of leading diagonal and currently in wave iii which should extend 2.618=24785 to 25000.
There will be sideways correction next may be till 23500-23300.
Final...
TREND ANALYSIS & TRADE SETUP !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 8-12 times
DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial...
DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial...
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!!
If the price is unable to take out the red zone in 1hr & 4hr time frame then it will consolidate in between the red and green...
Last Price- 11050 / 11:27 Hrs / 22nd Sep 2020
Hope You Enjoyed The Last Crack from the Tops of 11600 to 11085 . Some relief can be expected until it holds the channel support at 11085 -day low so far.
Stops Below 11085
Target - 11190 / 11250 / 11325...
Leading Diagonals have 2 forms or shapes which is rarest of patterns seen in the markets
1st form - can be 5-3-5-3-5 structure (upside or downside)
2nd form- can be 3-3-3-3-3 structure (upside or downside)
Bank Nifty ( Possible 2nd form) unfolded from 24th March 2020
In the current scenario ( a possible example of 2nd form i.e. 3-3-3-3-3- could have...
#Nifty has charted a leading diagonal and should surge up in a corrective rally for next few days - largely led by reliance which is expected to burst up from Wave 4 triangle to complete its last leg of the rally as a market leader since Mar '20
The Medium term picture points to a large fall post this rally.
