USD/JPY started to fall from the 20th February of 2020. Right now, it's trying to reach 102.540 . It has to cross 103.300 - 102.900 to hit 102.540 .
After crossing the 102.540, The trend will march to touch 101.200 . But if it starts to rise by breaking the resistance, then it will hit 104.740 - 105.300 .
SBI made the bullish Elliott wave on the time frame. And completed 4 waves. The 5th wave and ABC correction are remaining. The expected completion of the 5th wave is 295.35 , and it is 61.8% of 1+3.
So, it has to cross 283.30 - 290 .10 to reach 295.35 . And if the trend crosses this, too.
After that, it will fall for a short time to make the A of the ABC...
Here's the U.S. Dollar Index 4hr chart. It's all over a downtrend, and it's moving between the resistance and the support lines. It will fall to reach 90.10 by crossing 90.20 - 90.13 . After that, if the trend crosse 90.10 , then it will hit 87.50 .
But if the trend takes reversal by breaking the resistance, then it will reach the following levels 90.79 - 91.39 .
The Yes bank is currently moving sideways by taking the support of 50% retracement of Fibonacci. ADX is less than 25 , which indicates a fall, but +DI is above -DI means uptrend. I have applied the moving average, which shows the fall, too.
If the trend falls and crosses 17.60 , then the targets are following 17.30 - 17.00 - 16.70 - 15.40 . And if yes bank...
Here's a 15m chart of NIFTY. Currently, it's moving upward. +DI is above -DI, and ADX is 27 means 27>25 that shows an uptrend.
If the trend moves upward by crossing the 13550 , then the first target will be 13600 , and then if consecutive candles break the control price upwards, the next target for uptrend will be 13760 . But if it does not break the level of...
Nifty has touched the dynamic resistance (DR) level and started declining. At present, RSI is under 50 level. It's a sign of a downtrend.
Moreover, according to Elliott Wave theory, Nifty will stop climbing soon. And ABC correction will initiate from here.
Targets: 12460 - 12000 and below
Note: Selling pressure will come after a breakout of the support...
From recent trading sessions, Mahindra & Mahindra (M&M) has started falling. It can drop up to the support line or 712 - 700 levels before further advance.
Overall, M&M is strongly bullish. It will start marching for the targets of 760 - 800 soon.
EUR/GBP made here a bearish Elliott wave. I have applied the moving average also to forecast the trend. In the fifth wave, there is a symmetrical triangle . After the ABC correction, there is a hurdle at 0.8930 . Right now, the trend is moving under the hurdle . It is a bearish Elliott wave pattern. Therefore, it will fall more up to the target of 0.8816...
BTC/USD has completed the bearish crab pattern. As per the rules of the crab pattern, the trend of BTC/USD started to fall because it's a bearish crab. But it's suggested to sell near the D point. It will fall up to the targets 12972.35 - 12087.10 - 11465.31 . But as it's crab pattern, there is a possibility of a pullback. If it starts to rise, DO NOT SELL .
This trend of TATAMOTORS made the Elliott wave pattern . After the fifth wave, there is a symmetrical triangle. If there is a breakdown of a lower line of the symmetrical triangle, the target will be 120.60 . But if the consecutive candles cross the upper line of the same triangle, the target will be 153.60 .
In the Elliott wave pattern, 2nd wave is 100%...
Today nifty has gained 37 rupees after hitting the major support trendline. Nifty & nifty stocks will fluctuate tomorrow. If it stays above the trendline, it will start flying upward from the beginning of the next week. This journey ends at a new high!
Therefore, the day traders can buy for the following levels:
12000 - 12260 - 12400+
Technically, its...
Here EUR/USD trying to escape from the parallel channel. I think it would start marching upward soon from the support area of the Box pattern. Its trend is reversing, so day traders can sell now for the levels of 1.1706 - 1.1696 . And a breakdown of 1.1690 is a direct signal for a continuous downtrend that can be for 1.1666 - 1.1636 .
Downtrend initiator: ...
I have applied the Elliott Wave Pattern. The third wave is including a contracting triangle, and the fifth wave is including an ending triangle. Hence, the State Bank of India's (SBIN) cycle of the corrective wave started after the fifth wave.
There are two scenarios if it crosses 61.8% , C will be around 205 , and if it does not crossover the retracement level...
In the previous week, bank nifty has lost 422.35 rupees. A runaway gap of bank nifty was 369.65 rupees on the last Monday. Overall, it seems bullish ahead. We may see at 25000 to 25500 soon. But this is an alternative scenario .
According to this chart, the harmonic bearish butterfly pattern says bank nifty will start falling from here for the following...
Good for buy 42.50-42.66 I bought 42.66. Not the best price.
Daily opens with gap ups and green overtake red
On 4 hr breaking above ma
On 15 min breaking above ma.
Big Red bar. Resistance on that red bar overtaken by green right away, and then green rally with only one little red in the middle.
Let’s see if green will keep pushing.
In the previous week, bank nifty has lost -2027.3 ( -6.17% ) points, and according to this technical chart, it will keep falling after a short reversal. Because as per the Elliott wave theory, an impulsive wave ended at the 5th wave, and a corrective wave has started.
In the last trading session, it has created an opening gap, and also breakdown the strong...
According to this chart, NSE Nifty had started raising from mid-March. Still, it's in an uptrend, and that has confirmed through my drawn support trendline and dynamic resistance .
I have used here 50 MA and 200 MA to identify the next move. Those moving average crossover indicating direct a positive sign, and the price must be trading at or above the 50...
