NSE-INDIA
Self studied on NIFTY.First Look at yellow highlight candle with long shadow at ATTENTION part(i) and same formed on ATTENTION part(ii) .
Now, pay attention to the whole part (i) which has a downtrend , same part (ii) is in a downtrend . I have marked with a light pink circle which almost common in both parts .
After the long shadow candle , started U-Turn in part(i). Turn your eye on part (ii) , Now you will find that U-Turn can start about here .
The following points can validate to U-Turn or NOT .
The price will not fall or stay below 11225.
In case, little gap up, then price will not break 11240.
Price should be traded 11320 above after 3 o clock.
Upcoming news should be considering:
Friday 26th July 2019
-> 5:00 PM : Forex Reserves for 19th july
Wed 31st Jul 2019
-> 5:00 PM : Infrastructure Output for June
Wed 31st Jul 2019
-> 11:30 PM : USA Fed Interest Rate Decision
Thu 01st Aug 2019
-> 10:30 AM : Indian auto sales numbers
From a longer perspective, there is a still problem in BANKNIFTY
Long term tight channe l since 2016.
3 excesses at the value and one excess at value low.
5 waves are completed.
A previous Resistance and Wave(3) at 28227 (can be upcoming support).
50 days moving average is at 28080 nearby (too far for work as support).
Measurement of all falls mentioned in the chart, as per this measurement expected current until 13th Aug 2019(approx. plotted).
Conclusion: From a longer perspective, there is a still problem in BANKNIFTY.
Fib. Retracement and Channel, detected bottom of NIFTY
The 200 MA at 11130.
A "Consequence zone " of all 3 fib. retracement at 11502 nearby.
From the Fib. Retracement(i) and (ii), we detected 3rd Fib. Retracemet at 11200. (This is expected bottom OR revesal level).
Point 1) Look at Fib. Retracement (ii) at start point which is exact at 61.8% of Fib. Retracement.
Point 2) Now, loot at the Fib. Retracement (iii) closely from start point to 32.8% " the first leg " and pull back was toward the exact 61.8%.
Drawing of Fib. Retracement is important, therefore Point 1) and 2) is proof of true drawing.
Reliance two channel, future expected move projection,Wait for Tail to trade. There're two channels , one is yellow which closed and another channel till final wave remain. A (5) wave projection is plotted on the chart with considering control price and no trade activitie s area.
I have also used the timeCycle but did not add it here cause of complexity .
Support as Value High at 1254 nearby.
Last candle showing price rejection.
My performance and Followers...on BANKNIFTYFirst of all, you must have FIVE minutes to understand.
Try to observe both patterns as mentioned following:
Flag Pattern (i) which is in the channel.
Flag Pattern (ii) with breakdown channel support.
There're total (5) channels in the chart but the 5th channel is different from all others. look at all Four-Channel having up-trend but 5th has a flat channel.
Now let me switch your brain o n Jul 14, 2019. Almost of all advisors and TV channel bullish bulish target but I clearly told you that. This is my statement was "Negative move is left..."
I have added chart with all 5 smaller channel in this full post FIRST TIME after visualyzed.
After the 4 days and Jul 18th 2019. (3) wave and resistance plotted clearly drawed for you and next day Banknifty started to move downward .
On the Jul 19, 2019. I have published Support of the channel and breakdown arrow . Everyting is clear here.
I hope you have enjoyed and Happy to follow me.
Big Fall expected on NIFTY before ending next week.If you try to look carefully, you will know that.
1. Flag patterns
2. Overlapping and Result of it
Thought we are going to focus today only a few points, the Red Flag pattern is predicted and there is not overlapping still. From both these, concluded that we are going to see a big fall soon. I am till not confirm.
Channel Pattern Closed out for NIFTY?Pattern CLOSED ?
As per my Theory, 5th wave always give you fired move as seen past. You can also check perfection on BANKNIFTY too.
Tomorrow morning, I will update you what is going next?
If this is an excess of channel, then target is 11650 nearby and Resistance 11666.
--> Let me remind you.
On the date, Jul 12 2019 C hannel first d rawed by me.
Exactly NIFTY was moved to (4) and U-Turn has taken directly to control price.
Jul 15 2019, I pointed out (5) wave on this chart.
Finally, (5) wave was printied by me on the date of Jul 17 2019 and Taken Resistance.
Do you think t hat IS THE CORRECT visualtion?
I visualized your clearly yesterday (5)wave of NIFTYI visualized your clearly yesterday (5)wave as a target from Major Channe l if you don't forget it.
Overlapping, and (5th) leg both are a sign of the big move. We can analyze the correct direct due to the live market from a higher timeFrame. I will update here direction and chart.
From TimeCycle, we are really very near to close pattern and Wave.
Axisbank at support and compellig for investors.Channel (i) and Channel (ii ) was represented at support or at value low . Axis bank created an excess in both channels which good opportunity to buy 741 nearby with stop loss of 730 below of candle closing base. Target is 766 nearby at control price.
TimeCycle (2) is also going to positive.
If there is not anything -ve on this stock, Support will be compelling for investors.
BankNifty at support of channel while Nifty is -ve.
Banknifty also difficult to understand as wave movements.
Price is near the channel support.
Smaller positive new can boost banknifty to upward from the value low.
While nifty is weak and Banknifty is positive which indicate the direction is not clear and market waiting for news.
High Probliblity of SPIKE for GAIL.
Price is trading at a " value high ".
Suppose to extend price rotation as drawn in the chart then Spi ke is ready.
The 30min can close above 148.7 then, 90% chance to make spike for targets 151.5 and 152.25.
While Spike volume should more than average volume , for instance, 2x volume will confirm the spike.
Support at 147
Hit LIKE button for live ALERT /Notification.
Price Rotation is used in technical analysis to describe the movement of a stock's price within a well-defined small area.
It is generally caused due to trader indecisiveness
Price movements are broken upon major news.
The price rotation is the fair market value.
Price-Rotation :
The Price-Rotation or up and down movements that travel from the value area high to value area low and back. Of course, with the sellers being in control and pushing the price down slowly, we do not get to have all the price rotations at the same price level over and over again as it happens in value areas where the price is moving completely sideways due to the perfect balance between supply and demand .
Those type of value areas will offer extremely powerful support and resistance areas for future price action . In the case of the shifting value areas, price spends less time at one single price area. However, we will use these value areas to construct a bigger price structure that will give us a huge opportunity to succeed in the trade.
I WILL WRITE ON THIS TOPIC VERY SOON: The difference between true breakouts and false breakouts, how to use price action, volume activity, and different time frames to confirm the breakout, and how to trade them correctly. What is penetration and why we use it?
I am writing since many day about SPIKE on BANKNIFTYBanknifty is going to make DOUBLE TOP as mentioned in the chart.
A QUESTION is only, that should it cross..?
The answer depends on many factors, volume, news, thought of the smart move, etc. I am 100% sure and let you know before it happens. Keep your eye on volume and sentiment of Smart Market will result in you.