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NIFTY... ALL SET FOR A CORRECTION...21830 remains a stiff resistance for NIFTY. After a good bull run, I expect a decent correction in our markets. The euphoria attached to Ayodhya and the Budget is over now, and the Market has to face the next uncertainty in the form of Elections in a few months. As per Elliot wave analysis, Nifty is likely to fall by 1400 points over the next ten days. (I'm expecting it by Feb 9, though time analysis may not be accurate). 1400 points fall correlates to 1.618 of fibonacci and also fills the gap formed in nifty around 20300 levels. The market is always right, and it can always surprise us. So trade with caution.
NSE:NIFTYShort
by Stock-Holmes
2
TALBROAUTOS STOCK TO TAKE LONG ENTRYLong Talbroautos to take long entry above 285 for the target of Rs 340 to 355 with a small SL of 265. We are considering trade as per the below parameters... 1) Weekly and monthly RSI above 60 the sign of bullish in the stock. 2) Daily RSI taking support of 40 levels. 3) Stock is near the 50 EMA daily. The area of value of the stock. 4) Also the strong support level between 270 to 275. On any bullish candle will buy the stock as per the levels given. This is for your educational purpose only.
NSE:TALBROAUTO
by Tech_stock_trader
Market Architecture By 👑Royal Trend👑👑Royal Trend👑 In this video we try to understand the Market Architecture. How market really work with number's Difference between technical analysis and option trading Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. why we learn option chain? Option chain is a chart that will give in-depth information related to all stock contracts available for Nifty stocks. The best thing about the option chain is that it provides valuable information about the current security value and how it will affect it in the long term. What is the purpose of option chain? It can be used in creating an option strategy at several strike prices. It can be used to analyse and draw noteworthy insights about the stock and its probable movements. It helps the traders in evaluating the liquidity and the depth of the option contract. How important is option chain analysis? The option chain analysis data provides a very comprehensive view for all the available options for any particular underlying asset. This helps in understanding and selecting the correct option for trading or investment purpose. NOTE #We Are Not Promote Anything #This channel Purpose to share market ideas. Thanks for Watching🙏
NSE:NIFTYEducation
by Optionclub
Nifty's Bullish Breakout_Optimism ReignIf you take a look at the Nifty 1-hour candle chart, it seems to be forming a descending triangle pattern. This is interesting because the Nifty has found support around the 19250-19300 level multiple times. You see, when an asset or index bounces off a level repeatedly, it tends to become a strong support or resistance zone. In this case, 19250 appears to be shaping up as a robust support zone. However, today, something exciting happened. Nifty made a remarkable move, rallying up by 0.94%, and it broke out of that descending triangle pattern. This breakout suggests that Nifty might be headed for higher levels, and we could witness some new records soon. What's even more encouraging is that economic data is on our side, painting a positive picture for the market. In the past few sessions, Nifty might have been a bit sluggish, but the broader market, especially Midcap and SmallCaps stocks, has been performing well. Adding to our optimism, today both Foreign Institutional Investors (FII) and Domestic Institutional Investors (DII) were net buyers. It's worth noting that FIIs were net sellers in August, so this change in trend bodes well for the market. With the festive season just around the corner, it's quite likely that we'll see more positive activity in the coming weeks. All in all, it's safe to say that we're feeling pretty bullish right now. So, let's buckle up and enjoy the rally while actively participating in it. Exciting times ahead! 🚀📈
NSE:NIFTYLong
by We_Learn_Investing
BTCUSD | D TF | ANALYSIS elliott wave.Time for a retracement? in this snapshot, btc completed 5th impulsive wave now its time for corrective wave. am expecting 25k. Elliott Wave Theory: What It Is and How to Use It What Is the Elliott Wave Theory? The Elliott Wave Theory in technical analysis describes price movements in the financial market. Developed by Ralph Nelson Elliott, it observes recurring fractal wave patterns identified in stock price movements and consumer behaviour. Investors who profit from a market trend are described as riding a wave. How Elliott Waves Work, Some technical analysts profit from wave patterns in the stock market using the Elliott Wave Theory. The theory assumes that stock price movements can be predicted because they move in repeating up-and-down patterns called waves created by investor psychology or sentiment. The theory is subjective and identifies two different types of waves: motive or impulse waves, and corrective waves. Wave analysis does not equate to a template to follow instructions. Wave analysis offers insights into trend dynamics and helps investors understand price movements. Impulse and corrective waves are nested in a self-similar fractal to create larger patterns. For example, a one-year chart may be in the midst of a corrective wave, but a 30-day chart may show a developing impulse wave. A trader with this Elliott wave interpretation may have a long-term bearish outlook with a short-term bullish view. Impulse Waves Impulse waves consist of five sub-waves that make net movement in the same direction as the trend of the next-largest degree. This pattern is the most common motive wave and the easiest to spot in a market. It consists of five sub-waves, three of which are motive waves. Two are corrective waves. Elliott Wave Theory Image by Julie Bang © Investopedia 2020 Labelled as a 5-3-5-3-5 structure: Wave 2 cannot retrace more than 100% of the first wave The third wave can never be the shortest of waves 1, 3, and 5 Wave 4 can't go beyond the third wave at any time If one rule is violated, the structure is not an impulse wave. The trader would need to re-label the suspected impulse wave. Corrective Waves Corrective waves, called diagonal waves, consist of three, or a combination of three sub-waves that make net movement in the direction opposite to the trend of the next-largest degree. Its goal is to move the market in the direction of the trend. The corrective wave consists of 5 sub-waves. The diagonal looks like either an expanding or contracting wedge. The sub-waves of the diagonal may not have a count of five, depending on what type of diagonal is being observed. Each sub-wave of the diagonal never fully retraces the previous sub-wave, and sub-wave 3 of the diagonal may not be the shortest wave. Elliot Wave Theory vs. Other Indicators Elliott recognized that the Fibonacci sequence denotes the number of waves in impulses and corrections. Wave relationships in price and time also commonly exhibit Fibonacci ratios, such as 38% and 62%. For example, a corrective wave may have a retrace of 38% of the preceding impulse. 1 Elliott Wave Oscillator Chart Elliott Wave Oscillator Chart. Other analysts have developed indicators inspired by the Elliott Wave principle, including the Elliott Wave Oscillator Chart. The oscillator provides a computerized method of predicting future price direction based on the difference between a five-period and a 34-period moving average. Elliott Wave International’s artificial intelligence system, EWAVES, applies all Elliott wave rules and guidelines to data to generate automated Elliott wave analysis. 2 What Is the Elliott Wave Theory? In technical analysis, the Elliott Wave theory looks at long-term trends in price patterns and how they correspond with investor psychology. These price patterns or ‘waves’ depend on rules developed by Ralph Nelson Elliott in the 1930s. They identify and predict wave patterns within stock markets and help predict future movement. 1 How Do Elliott Waves Work? There are different waves, or price formations, from which investors can glean insight. Impulse waves include an upward or downward trend that carries five sub-waves that may last hours or even decades. They possess three rules: the second wave cannot retrace more than 100% of the first wave; the third wave can never be the shortest of waves one, three, and five; wave four cannot ever surpass the third wave. There are also corrective waves, which fall in patterns of three. How Do You Trade Using Elliott Wave Theory? If a trader sees a stock moving on an upward trend on an impulse wave, they may go long on the stock until it completes its fifth wave. Anticipating a reversal, the trader may then go short on the stock. Underlying this trading theory is the idea that fractal patterns recur in financial markets. In mathematics, fractal patterns repeat themselves on an infinite scale. The Bottom Line The Elliott Wave Theory was developed by Ralph Nelson Elliott. It provides a technical analysis of price patterns related to changes in investor sentiment and psychology. The theory identifies impulse waves that establish a pattern and corrective waves that oppose the larger trend. It assumes that stock price movements can be predicted because they move in repeating up-and-down patterns. Correction—May 5, 2023: This article has been amended to state that the third impulse wave can never be the shortest of waves one, three, and five.
Short
by fzxzz
NIfty50 Analysis for 17 August: Strong Bullstoday (16th August), market opened again at around 19890 level. After the opening dip, Buyers managed to defend 19360 level and ultimately managed to push the market above 400 and then breaking last days High. Few key points: 1. opened at same level at last trading session. 2. Made a Higher low. 3. Made HIgher High. 4. Higher Close. which indicates relatively strong Bull side in the market. Trade plan for tomorrow, 17th August: case 1: If market opens in the range of yesterday (16th august), will remain cash. case 2: if market opens above or breaks 482 and shows strength, will enter a long position: TP1: 560 TP2: 637, SL: 5 min close in yesterday's range. might face hurdle around trendline. But given the strength, i reckon market will be able to break above. Case 3: In case market opens or breaks below 19300, will short for immediate target of 19200. Give this post a like, if you agree with this analysis. Disclaimer: This is my trading plan and i am just sharing it here. I do not intend to post it here as a trading advice or suggestion. It is shared here only for the sole purpose of sharing and discussing with fellow traders. Do your own due diligence and trade responsibly.
NSE:NIFTY
by srtrades_