AUDJPY POTENTIAL LONGLooking to take a long position upon the retest of the orderblock that formed after the double purge of both buyside and sellside liquidity. Look for lower timeframe confirmation should you join me.
Multiple Time Frame Analysis
REJECTION from our SUPPLY ZONE! As we can see despite the strong opening, NIFTY couldnt sustain itself above our strong supply zone and psychological level which makes NIFTY get back into range. Hence, now as along as NIFTY doesnt breaks and sustain itself above the psychological level, it can remain negative to sideways with immense volatility so plan your trades accordingly and keep watching everyone.
NIFTY yet to decide its TREND !!AS we can see NIFTY is still trading in a range and being sideways as expected and analysed. Hence we can expect NIFTY remain sideways throughout this range and we can expect a directional move on the break of either side so plan your trades accordingly and keep watching everyone.
NIFTY might remain sideways between these RANGEAS we can see NIFTY showed signs of REVERSAL exactly from our demand zone as analysed. Now that it has entered the range, we might see NIFTY maintaining itself inside this zone with positive sentiment so plan your trades accordingly and keep watching everyone
STILL BULLISH!As we can see NIFTY got rejected exactly from our supply zone but closed above the demand zone hence we may expect a BULLISHNESS tomorrow and we should remain bullish unless 24300 is broken below and sustained so plan your trades accordingly and keep watching everyone
NIFTY couldnt break below!!As we can see NIFTY didnt break below 24340 level and recovered strongly which nullified our analysis as it didnt meet our criteria. Rather, it showed another sign of REVERSAL as it closed above Supply zone which has now turned into DEMAND ZONE. Hence as long as we are above the demand zone, every dip can be bought so plan your trades accordingly and keep watching everyone
Will SHORT below 24340 for 24000As we can see despite sigsn of REVERSAL, NIFTY fell unidirectionally which was completely unexpected which changes the overall scenario from BULLISH to BEARISH. Hence as long as we are below the supply zone, every rise could be sold and can be sold strongly if breaks below 24340 levels and would hold for a bigger target as there is a pending gap that needs to be filled unless a strong demand zone comes up for successful reversal so plan your trades accordingly and keep watching everyone.
INTU next target around 850 once correction is overINTU has been correcting after finishing an Impulse sub wave.
It will end the correction in the Price band of 745-715.
Why such a big Price band to end the correction ?
Because it has to correct till 4th wave of earlier sub wave
and or resolve technical divergence with the price and RSI so the large band.
How can we trade then for a target of 850 ?
Wait for the price to enter the correction band of 745-715, the price may for the pattern as indicated by Yellow 1-2-3-4-5 wave pointing downwards.,
Wait for good candle stick formation in this band, like morning star pattern, pin bar+bullish candle or piercing candle pattern, now combine this with minimum back to back two positive divergences in RSI with price, entry should be with all condition met so that you are in high probability party., or any of the entry principles one has already developed and practicing.,
How to know if the current rise is impulsive or part of bigger B after entry is made with conditions met?
Once entered, if you can inspect in lower time frame to see if its impulsive(Elliott Wave impulsive pattern), then it is confirmed that price is impulsive towards the target, else one can exit with some profits., and again wait for the price to enter the band and enter with above said conditions.,
How much time it will take for correction to get over and target to reach ?
Time calculation is not part of this view , so the whole thing may take few weeks to couple of months to play out!
PS: This view is fundamental agnostic and it is price action view with Elliott Wave theory applied.,
I will make best efforts to call out if the rise is impulsive or not.,
SIGNS OF REVERSAL!!?As we can see despite the break of psychological level and important support, we saw a strong closing with strong closing and has closed inside the structure which completely changes the sentiment. Hence from here unless and until 24400 is broken and sustained below, every rise can be bought. so, plan your trades accordingly and keep watching everyone.
NIFTY can get VERY WEAK below 24500!!!As we can see NIFTY again remained sideways to negative as expected in our previous post but it has been hitting the SUPPLY ZONE multiple times making it very weak! Hence any closing below 24500 with proper closing will not only break the important SUPPORT but also break the psychological level of 24500 which can lead to unidirectional fall which could be SHARP so plan your trades according and keep watching everyone.
SIDEWAYS as ANALYSED!!As we can see NIFTY has taken RESISTANCE from the demand zone turned SUPPLY ZONE and as analysed we saw negative bias which was more like sideways hence sticking to our view, we can expect NIFTY to remain in this range with hint of bearishness due to ongoing economic war so plan your trades accordingly and keep watching everyone.
much anticipated RESPITE! But will it SUSTAIN!?As we can see NIFTY reversed exactly as analysed in our previous post with proper reasoning. Now that NIFTY is trading around a supply zone which previously acted as a demand zone hence unless and until NIFTY sustains and closes itself above 24800 levels, it is likely to remain sideways and volatile with a hint of negtaive bias so one must not look for positional trades rather focus on scalping only at strong demand and supply zones so plan your trades accordingly and keep watching everyone.
Nifty - Elliot Wave Counts - Update (Neutral)In our last post we discussed that in short term 25700 is the target and if we cross that, then Leading diagonal gets invalidated and hence we look for much higher levels.
Last post:
Thankfully, we didn't get out in shakeouts and rode the entire move till +25600
Now, unfortunately we did not cross 25700 and hence the chance of Wave 1 or something else ending at 25670 became stronger.
As of now, we are at a place where there is a lot of confusion. I see a 5th up pending in wider indices, but Nifty seems done.
So, is there a possibility that other indices go up, while Nifty just does a pullback as part of the correction and not make a new swing high?
A few charts for reference:
Nifty Smallcap:
Nifty 500:
That's about the counts : From other technicals perspective the move looks very similar to Sep 2022 - March 2023 period. But where in that period are we?
PA (point A)Oct 2022 - where one more high till Dec 2022 is left?
or
PB - Feb 2023 - where we just get a pullback and drift lower?
(I have marked green arrows on RSI charts to show the reference)
So, what do we do in such case?
Ditch nifty, play stocks. Lot of stocks looking good - starting 5th up (Just browse through and you'll find many making similar structure as SmallCap index)
(Hint - Defence, Realty, Autos, Metals, Pharma)
All the best!
I will share updates, if I get more clarity on Nifty - till then enjoy the stocks and trade light - remember we are playing seemingly the last leg. :)
DO NOT SHORT unless 24400 is broken and sustained below!As we can see NIFTY has been maintaining itself in a range and also being volatile as analysed in our previous post. We can still expect NIFTY to maintain itself in a range mentioned in the charts. Now that the tariff has been delayed till 7 AUG, we might see a respite in NIFTY for coming few days and also we can expect an agreement which is less likely to be done by INDIAN side showing soverignity and more likely to impact US indirectly in the long run. Keeping these in mind we must wait for NIFTY so break and sustain either side for confirmation of trend, till trend keep watching and look for scalping opportunities as it reaches demand and supply zones.
Bearish pressure building at key support zoneNifty weekly support zone is 24630-24489.
Below this we have a gap zone.
Price behavior is currently Bearish on the support zone, hinting at break of support zone and eventual filling of the gap zone.
Tough Times ahead for Nifty. 26277 Top for some years?Nifty has been in Bull run for some Years now.
2008 to 2020 - Wave 1 Impulse
2020 Crash - Wave 2 Correction
2020 to 2025 - Wave 3 Impulse
2025 to 2026 - Wave 4 Correction
2026 2027 Onwards - Wave 5 Impulse
Let's Break Wave 4
It may take place in Double or Triple wave Combo.
The Corrective Wave ends in 3 or more Legs.
Wave A - 26k to 22k.
Wave B - 22k to 25.5k
Wave C - 25.5k to 21k
Next Set of Legs - to Follow in New idea.
This would be the 1st of the Corrective Combo that is expected to end around 19k By 2026 2027.
Now could be the Time for Wave C with rejection from 0.854 of Fib retracement of Wave A.
It looks like Wave C is about to begin.. Let's meet at 21k 🫣
RSI - Circled - to be noted.
All The Best🥲
Short Trade Activates below 24750.
STILL CONSOLIDATING!!As we can see despite NIFTY's weak opening, NIFTY managed to recover strongly exactly as analysed and also got rejected from our demand zone turned supply zone. Hence as long as we are between 25000 to 24400 level, NIFTY might remain sideways to volatile with no clear direction so we must we for NIFTY to close either side of the zone for confirmation of trend so plan your trades accordingly and keep watching everyone.
APTUS Swing Trade (20% upside)Simple swing trade setup based on institutional buying footprint.
No indicators, no silly chart patterns.
Pure buyer/seller psychology and trend based setup.
Risk Management for setups like these:
This is a high probability setup. The only thing to take care of is the position sizing in case the overall market ( Nifty ) is bearish for some weeks. Decrease position and increase SL size to maintain your Risk. Have patience.
Message me for more such setups and learning insights and to know how to find such setups and properly ride the complete trend fors trades like these.
Risk Reward for these setups are very good so you have to manage the risk before the next up-trend move kicks in. Part of the game.
Any question or want to have any convo over stock market ? Do message. Happy to help and connect with fellow traders.
Thanks.
Gaurav
Will 25 percent TARIFF put NIFTY under pressure!!??As we can see NIFTY remained sideways which was well anticipated as it is in a tight range. Now that POTUS TRUMP has announced 25 percent tariff with penalty that will be effective from AUG 1 can put NIFTY under pressure as much like CHINA's delay of tariff implementation, it was anticipated that INDIA's tariff might be delayed but its implemetation can create havoc in the market and that very havoc can give buying opportunity to many. IF NIFTY opens very weak, it is likely that it would start recovering from important demand zones. It would be better to stay away and watch market for tomorrow as it can decide further move so keep watching cautiously.
BTCUSD Bullish biasBuying Bitcoin as demand stays strong with more big investors joining in. Positive global news like trade deals and clearer crypto rules are boosting confidence. Bitcoin is near its highs and could break out to new levels if momentum continues. Some risks exist but trend and fundamentals look bullish short-term. Watching ETF flows, US news, and altcoin trends too. Aiming for a move toward $120k if support holds.
NIFTY might remain in this zone for sometime!!As we can see NIFTY showed some recovery with strong closing. Now that it has closed above 24800, we can expect NIFTY to recover some more till 25000 level which is its next psychological level and important supply zone leading NIFTY to maintain itself in a tight zone before finally breaking out for unidirectional rally so plan your trades accordingly and keep watching everyone.
GBPJPY Intra Day tradeHave entered shorts on GBPJPY targeting the previous lows post break and re test confirmation.
24500 incoming!!?As we can see NIFTY broke another strong demand zone below and closed below it showing bearishness. Now that NIFTY managed to close below another demand zone, we can see NIFTY heading towards 24500 which is next strong demand zone and psychological level so plan your trades cautiously and keep watching until any signs of confirmation is seen.
