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)....
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...
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....
I will update BANKNITFY shortly. As per technically, till there is not much positiveness on nifty nor in banknifty. NOTE: For Live ALERT , Kindly hit LIKE button. NIFTY is following as per my chart. please check below post also.
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. ...
Look at the chart, We are seeing TAIL at the bottom. A lot of weakness that come if ignored TAIL . I'M ALSO LOOKING FOR BOTTOM . Positiveness is base o TimeCycle for the daily chart.
First 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...
I plotted everything in chart,...
Short JUBLFOODS if tail found... advance research. after the break @ level, I ll update accurate target. but ready for short.
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...
I 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.
Everything in chart mentioned.
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...
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.
Intraday support 11563 nearby and Resistance 11606 nearby, Today is friday, just keep patience for trading.
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...
Intraday Resistance 11584 nearby. The price rotation is show with yellow box in where war started between buyers and sellers. Outside of the box, there are lot of chance to spike downward. Hit LIKE button for Live Alert/Notification.
created a TAIL at support line. Breakdown the "major channel". 61% " fib. retracement " at 11492 nearby. personally thought is that We might see more fall but technically price has support. ---> Hit LIKE button for real-time ALERT.