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NSE ASTRAL - Earn From Market RecoveryThe stock market has started recovering. Still, there's a big question, is Russia and Ukraine war over yet? Start investing during stock market uncertainty using Elliott Wave Projection. It looks like ASTRAL has accomplished the corrective structure and started forming motive waves. Price has ceased the sub-wave 5 of motive wave ((c)), and the length of wave (A) is equal to wave (C). So, this is called wave equality, where wave (A) = wave (C). If the price has bullish sentiments, the ASTRAL will not directly jump to complete the impulsive wave 3, but it will create sub-waves of motive wave 3. If traders are willing to initiate a long with low-risk setup, they can wait for a pullback of the previous move to reduce the length of stop-loss. Please note that wave two can never overlap the starting point of wave one. If the current move exceeds the low of 1769 , we can't consider this an impulsive wave. Wave three can travel for 161.8% Fibonacci extension of wave one at 2047, and power extension can derive price to 2217 . Traders can expect the following targets for the 3rd wave: 1976 - 2025 - 2144 - 2216.
NSE:ASTRAL1!
by forextidings
2
EWT: Apollo hospital Is Preparing For The Last Corrective MoveKey Level: 4475 & 5013 Apollo hospital had completed Impulsive wave ((3)) at 5935 and started corrective wave ((4)). If the price breaks the H-line , traders can sell for the following target: 4437 - 4356 - 4239 below. These are the price levels where the price can u-turn for an impulsive wave ((5)). A corrective wave is the construction of a three-wave and evidence of an impending impulsive wave. Traders can also initiate a long setup only in price breaks the impulsive channel. I will upload a long trade setup after the accomplishment of wave ((4)).
NSE:APOLLOHOSP
by forextidings
12
NSE Adani Ports Is Growing But The Truncation level is there Key Level: 824 & 853 Adani Port has broken down the corrective wave X and started forming an impulse wave ((5)). Price had broken down the 8-month-old correction, and Adani Port surged rapidly. Adani Port can u-turn from 1.618% at 1049 . It is a reverse Fibonacci of wave ((4)). Currently, the price is at the 78.6 % reverse Fibonacci level at 853. If Adani port fails to break the previous high at 901 , there will be a case of truncation. It shows that the current impulsive move has a lack of demand pressure. Then the decline will be 3x more powerful than the normal corrective wave.
NSE:ADANIPORTS
by forextidings
7
Gold Price Predictions for 2022In the previous trading session, MCX Gold made a high of 51538 and closed at 51343 ( +444 ). A question is, is it moving upward? To identify uptrend: There are two hurdles to continuing the uptrend. It should break out the 5th May high or settle above the control line. According to the above chart, Gold is forming a bullish flag pattern. And we're waiting for a breakout of the flag pattern. This breakout will skyrocket the gold price, and we can see 6400+ points of bullish movement here. Long-term target for gold 58000 - 60000 . Gold downtrend confirmation: But if gold breaks the support trendline (invalidation), then a downtrend may start. And if it happens, I will update you asap. At present, intraday traders can keep buying for targets of 51500 - 51800+ levels. Watch significant releases or events that may affect the movement of gold, silver, and crude oil. Monday, May 09, 2022 04:30 FOMC Member Bostic Speaks - Medium Impact 11:00 Investing.com Gold Index - Medium Impact 18:15 FOMC Member Bostic Speaks - Medium Impact Tuesday, May 10, 2022 17:10 FOMC Member Williams Speaks - Medium Impact 18:00 FOMC Member Bostic Speaks - Medium Impact 21:30 EIA Short-Term Energy Outlook - High Impact Wednesday, May 11, 2022 00:30 FOMC Member Mester Speaks - Medium Impact 02:00 API Weekly Crude Oil Stock - Medium Impact 04:30 FOMC Member Bostic Speaks - Medium Impact 18:00 Core CPI (MoM) (Apr) - Medium Impact 20:00 Crude Oil Inventories - High Impact 22:31 10-Year Note Auction - Low Impact 23:30 Federal Budget Balance (Apr) - Low Impact Thursday, May 12, 2022 10:30 Natural Gas Storage - Low Impact 13:30 IEA Monthly Report - Medium Impact Friday, May 13, 2022 08:30 Import/Export Price Index (MoM) - Low Impact 11:00 FOMC Member Kashkari - Medium Impact 12:00 FOMC Member Mester Speaks - Medium Impact 13:00 U.S. Baker Hughes Oil Rig Count - Medium Impact
MCX:GOLD1!Long
by forextidings
5
Bajaj Finserv: Elliott Wave Analysis & TipsBajaj Finserv has started it's final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMAs , it started falling for wave Z . Traders can expect the following targets: 14631 - 14449 - 14176 . The Control line will work as a hurdle for intraday traders. Bajaj Finserv has formed in the descending channel for more than 27 weeks . It has broken the control line's channel also. That indicates bulls are not ready to expect a falling knife. Measurement of wave ((4)): Wave ((4)) can accomplish 38.2% of wave ((3)) at 14000 . Wave ((4)) can complete at the lower band of the parallel channel because the price has created a throw-out action. Sometimes, prices do not break the low of wave ((Y)) due to less momentum and supply deficiency. And it causes orthodox bottoms. After the completion of wave (z) of wave (4), the price will march for motive wave (5).If the price sustains above wave (X) at 17480 , Bajaj Finserv will move on for an all-time high. Note: ending point of the corrective structure is the starting point of an impulsive phase. I will update further information soon.
NSE:BAJAJFINSV
by forextidings
16
Is Nifty About To Resume Bearish The Movement?Nifty has started its indecisive movement again. Triangle is the best example of a choppy correction , and the break of the structure can give us an excellent opportunity for trading decisions. Price Action Perspective: Currently, the price is at the control line of the parallel channel. Traders are getting trapped in the choppy move of the market. It is hard to take swing decisions due to indecisive movement. If you are waiting for a good swing trade, you can consider the range of 17400 - 17000 . If the price sustains below 17000, traders can expect good selling up to 16900 - 16821 - 16769 below. But safe buying is only possible above 17400, and it can go up to 17600 - 17768 - 17843+ . I will update further information soon.
NSE:NIFTY
by forextidings
13
EWT - Gail is Going To Break 2021's High Gail India has completed its 4th corrective wave, where wave C is the last leg of correction. Price took 27 weeks to complete the corrective wave ((4)). After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high . The traders can expect the following targets 149-156-170+ for impulsive wave ((5)). Invalidation point is low of wave ((4)) at 125.20. Wave Formations: Wave ((1)) started to form an extreme low at 65. - Leading diagonal Wave ((2)) has retraced 0.618% of wave ((1)). - Zigzag correction Wave ((3)) has extended 2.618% of wave ((1)). - Five wave impulse Wave ((4)) has retraced 0.5% of wave ((3)) - Extended wave 5
NSE:GAIL
by forextidings
7
NSE NIFTY Is Preparing For Final Wave CNIfty is preparing for the final wave V of wave C of wave (C). Price has completed the sub-wave (iv) of wave C. Currently, we are riding on the impulsive wave V of wave C. If the price breaks the low of wave iii, Traders can Expect the following target of 16110 - 15978 - 15856. After completion of final wave C, Price will start a bull run. If the price fails to break this level, the price will reverse. More bearishness will lead the price to the lower band of the parallel channel.
NSE:NIFTY
by forextidings
28
Nifty outlook - Strong Recovery or Impending DeclineIf bulls break the control line, we can expect the following target 17356-17472-17521. But The rejection from the control line will drive the price to 17150 - 17012- 16900. Nifty has completed Impulsive wave C of wave(c) of wave ((Y)) and started marching upward. In this initiative, we can see a sharp move with three gaps . A gap down on Monday indicates island reversal and selling pressure. Previous Article: (All TP done)
NSE:NIFTY
by forextidings
7
NSE NIFTY Rebound Change Of Trend Or Just A Correction?Nifty has been forming a downtrend channel for 140 days . After creating excess on the descending channel, the price has surged sharply. Price surge stopped between the range of 17110 – 17144 . It connotes that nifty can give a big move after the breakout of the parallel channel. If the Nifty breaches the upper band, we can expect 17365 – 17562 – 1760 . The breakdown of the lower boundary can drive the nifty up to 17026 – 16955 – 16880. Otherwise, nifty will be the value area until it breaks these levels.
NSE:NIFTY
by forextidings
3
EWT: NSE United Spirits Multiple Time frame studies United Spirits has started wave cycle from 85.20 . Wave ((1)): Wave ((1)) is an impulse pattern that occurred in 201. Wave ((2)): Wave ((2)) is a zigzag pattern that occurred at 95.55 . Wave ((2)) retraced 100% of wave ((1)). Rule 1: Wave ((2)) can never overlap the starting point of wave ((1)). Wave ((3)): Wave ((3)) is an impulse with extensive nature 3.618% of wave ((1)) occurred at 816. Rule 2: Wave ((3)) can never be the shortest impulse wave. Wave ((4)): Wave ((4)) is a triangle pattern with a five-wave structure retraced 50% of the wave ((3)). A: 594 B: 801 C: 438 D: 742 E: 442 (terminating wave) Price surged after the breakout of the B_D trendline. Rule 3: wave 4 can never enter the price territory of wave 1 Wave ((5)): Currently, price is forming an impulsive wave ((5)). Wave ((5)) has retraced 161.8% reverse Fibonacci of wave ((4)), which is the most acceptable retracement for wave ((5)). Let's check the Fibonacci extension of the wave. Wave ((4)) extended 78.6% of wave ((1)) through ((3)) at 1020, and the price had made a high of 1019. It is also an ideal level for wave ((5)). We still have a 100% Fibonacci extension level for wave ((5)). Our next step is to analyze the lower time frame chart and study the sub-wave behavior of waves ((5)). I am working on the lower timeframe, and I will update it here. It will remove your confusion. Thank You :)
NSE:UNITDSPR
by forextidings
5
NSE BankNifty: Technical AnalysisFirst, I recommend reading the previous report of BankNifty. Link: BANKNIFTY Can't Wait to Fall – Even Without NIFTY's Help According to technical analysis, Banknifty is trying to collapse. It needs solid support to reenter into the uptrend channel. The strong support is nearby the 34600 level. It will try to retest 35260 - 34880 - 34600 levels this week. The uptrend will start in below two conditions: A. If Banknifty remains above the uptrend channel. B. If Banknifty breakout the parallel channel. MACD , DMI , MA , and Volume are signaling bears are stepped in. What will happen if conditions break? Don't miss reading the next report...
NSE:BANKNIFTY1!Short
by forextidings
2
NSE Devyani - Buy This Stock Now! *Read This Report carefully to get an accurate entry level for buyers.* Devyani International has created an all-time high of 198.90. Price faced supply pressure that bulls couldn't hold their power, and it has started correcting for upcoming impulsive structure. After counting the wave, we can name this correction 4th corrective wave, and the all-time high was impulsive wave 3. We know one basic rule of wave principle, " the ending point of the corrective wave is the starting point of the impulsive wave." What pieces of evidence do we have for the ending point of a corrective wave? + Price retraced back from 61.8% at 142.50 (from the low of 107.55 to the high of 198.99) + Wave 4 can occur at the 4th wave of a lower degree. The 4th wave has retraced back from the price territory of wave (4). If Devyani breaks the low of wave (C), it may complete the final move near the price territory of wave (4). + Price has already retraced 61.8% of wave 3. Wave C has created a throw-out which suggests the accomplishment of wave (C). But I am not a big fan of deciding without confirmation. Let the market commit first before you commit to the market. + Wave (A) = Wave (C). Wave C has retraced 100% of wave A. The trader can wait for a pullback to generate a new entry. If Devyani breaks wave (C), traders can wait for the gray zone. However, price has to break wave (B) to confirm its bull trend. Trade Setup Entry: Pullback Invalidation: wave 2 can never overlap the starting point of wave 1. Note: Never trade without confirmation. Short-term traders can trade for the following targets: 172-180 Positional targets for 5th wave: 187 - 200 - 230+ I will update further information soon.
NSE:DEVYANI
by forextidings
3
BANKNIFTY Can't Wait to Fall – Even Without NIFTY’s Help Key levels: 36496 - 37060 Bank Nifty was following the uptrend channel from Dec 2020, and it had broke on 02 March '22. There's a new parallel channel unfolded. In the last trading session, Banknifty has created a shooting star pattern. And this pattern is a single line pattern that indicates an end to the uptrend. At the same time, it is close to a parallel channel resistance line. Moreover, advance traders must look at 100 EMA on it. These signs are signaling further decline. And that could be from the parallel channel's resistance line to control price. An uptrend possibility comes from key levels breakout. So intraday traders can use it as an invalidation level. Moreover, Banknifty prices can hike up to that level this week. If Banknifty doesn't cross/close above the second level, you should prepare for the following targets: 36000 - 35800 - 35400 below
NSE:BANKNIFTY1!Short
by forextidings
6
Is Bajaj Auto at The Tipping Point To Start Bearish Move?Key Level: 3631 Quick explanation: Bajaj auto has started rejecting demand pressure. Price is bullish above pivot level 3629, But if the price fails to break the crucial pivot, traders can go short for the following targets: 3573 - 3441 - 3345. Detailed study: Bajaj Auto has been forming a downtrend channel for more than 14 months. It has created an all-time high of 4361 and started its secondary downtrend move. Bajaj auto has three rejections on the upper band & lower band. Currently, the price is on the top upper band of the parallel channel and facing resistance. If the price fails to break the parallel channel, traders can expect a price touch on the control line. The Control line has seven confirmation points, which validates the strength of the control line. We can see a pivot level of 3629 with five flip-flop confirmations. Bajaj auto is bullish above 3629, but the breakdown of this level will create concern for the buyers.
NSE:BAJAJ_AUTO
by forextidings
1
NSE UBL is Declining, But Major Support Is AheadTimeframe: weekly UBL created an all-time high at 1785 and started declining to overcome the demand pressure. Bulls pushed prices extremely high, and bear found that convenient to sell. The stock has respected equilibrium in the parallel channel. At this glance, the price is at the lower band of the parallel channel. If the price breaks the parallel channel, it has to break the pivot level 1452 . Or the price will give a fake-out and enter into the channel. The level of 1452 was a monthly resistance level, which became the support level for the current price. We can strong move below this level, and rejection will lead us to the end of correction. Timeframe: Daily After creating the extreme low of 749.50 , UBL has started forming an ascending channel. Excess: In this channel, we can see five excess at the upper band of the Parallel lines. 1. Excess - 1008 2. Excess - 1047 3. Excess - 1166 4. Excess - 1329 5. Excess - 1185 We also have two excess on the lower band of the parallel channel. 1. Excess - 912 2. Excess - 1051 It indicates that supply pressure has always tried to push the price up. At high prices, bulls realized that They couldn't push anymore. Seller started controlling demand pressure by supply. Bull responded to selling pressure with a responsive move. Less excess on the lower band means that buyers haven't missed responding. No trading zone: No trading zone is an extent wherein speculators or investors are avoid trading. At the upper band, the length of the no trading zones is similar. Zone 1: 80 bars, 117 days zone 2: 82 bars,124 days [ Control Line: The Control line has provided nine touches to the price. Price has tried to break the control line more the three times, but it couldn't break the control line, and the price fell to the lower band of the parallel channel. Stand Point: We are using a pivot zone at 1452 to avoid fake-outs. If the price breaks the pivot level, it can go for 1390-1311 . hence, the price is bullish only above the pivot level. I will upload further information before tomorrow's market bell.
NSE:UBL
by forextidings
7
Nifty Outlook: Is This The End Of The Bull Market?After breaking the parallel channel, the price entered the value area. Price has started a seller initiative by going out of the price zone. Buyers responded more to sellers' initiatives with an excess. At this juncture, the price has entered the value area. The lower band indicates the demand pressure. If the price does not stay above the lower band at 17250, it could move downwards to the lower levels - 16628-16410 , because the price didn't break the 78.6% level. Otherwise, the price will surge towards 17369- 17487-17612. Note that if the price does not break the control line, it can not reach the upper band. Time frame: hourly
NSE:NIFTY
by forextidings
3
Will BPCL change the trend by breaking the falling wedge?BPCL had broken the uptrend channel and started correcting the previous move. It has made a falling wedge, which is on the level of 61.8%. Price will reach 401 and may face minor resistance. But If the price gives a strong close above 401.2, we can see the following targets: 415-439-456-469 and more . If the price doesn't make a higher low and breaks 357, it will make a down move of about 340. Traders can wait for a pullback, and they can enter after the breakout of 401.2.
NSE:BPCLLong
by forextidings
3