NIFTY... ELLIOT WAVES... As per Elliot wave analysis, nifty has probably completed minor waves 3 & 4 of intermediate wave (3) of primary wave 3. (Have marked in the chart)
Today nifty should complete downward wave 5 (likely to end at support zone 19100 to 19150). Following which the intermediate wave (4) is likely to begin which can rally to 300 to 400 points.
Will update as nifty progresses. The market is always right!
Shortsetup
Bank Nifty on Monday Bullish or BearishHello Friends,
On Friday after 2nd half strong buying seen in overall indices. It looks like bullish trend started as mostly stock seen in green colour.
But i do not think of like that and i'm sure it was not trend change Because if we see all technical data and indicator except Friday buying , There is still trend for bank nifty is Bearish .
Let's see why
1. $ INDEX is trading above 104+ and looks strong
2. Crudeoil is trading above 7000
3. Bank nifty is trading within range lower low and higher low
--- in this range it has just touched trend line and taken resistance and seen seller at particular level which indicates it will continue old trend.
--- some of banks are trading near 200 EMA or below it.
--- Fed rate result will going to release soon.
Following this points, it looks it will be bearish continue. On Monday it may open gap up or near 44500 but it may fall like Wednesday ( history repeats itself ).
Okay friends this was my analysis and point of view for monday bank nifty.
Do your own analysis and trade on your own risk.
Like | Share | Comment.
Thank you.
Double TopA double top is a bearish technical reversal pattern.
It is not as easy to spot as one would think because there needs to be a confirmation with a break below support.
While a double top is a bearish signal, a double bottom is a bearish signal.
Top tops usually have an upswing, initial peak, trough, second peak, and neckline.
Investors can short trade after the break or place small trades, as double tops may have limited profit potential.
Script = BSE
Time Frame = 1 Day
NIFTY... ELLIOT WAVES Nifty is currently in the downward wave three correction.
We have witnessed two red rays, which are part of wave 5 of the downward wave 3.
So, we can witness one more red candle day that can complete wave 5 (of the larger wave 3) on the downside, and then the market should rally up in wave 4.
Beware of the major wave 5 correction which is likely to begin in the second week of September.
Dark Cloud CoverDark Cloud Cover is a bearish reversal candlestick pattern where a down candle (typically black or red) opens above the close of the prior up candle (typically white or green), and then closes below the midpoint of the up candle.
The pattern is significant as it shows a shift in the momentum from the upside to the downside. The pattern is created by an up candle followed by a down candle. Traders look for the price to continue lower on the next (third) candle. This is called confirmation.
Script = Lupin
Time Frame = 1 Day
IndiacementENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Hindustan Unilever
Hindustan Unilever Limited is a British-owned Indian consumer goods company headquartered in Mumbai. It is a subsidiary of the British company Unilever. Its products include foods, beverages, cleaning agents, personal care products, water purifiers and other fast-moving consumer goods.
LTTS - At Crucial LevelAs you see on the charts, the stock price is struggling at the crucial resistance zone. If not able to cross and sustain above 4300, may go weak for some time. Possible targets are indicated.
Only for learning and sharing purposes, not a piece of trading advice in any form.
Please share your views about the idea.
All the best.
Nifty: Chart set up and View Every thing mentioned in the chart
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
GBPUSD - BUY Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 :
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!AND IF YOU WANT TO LEARN IT WHAT STOPPING YOU TO ASK HOW ?
NiftyENTRY TARGET SL Mention in the chart.
ALWAYS TAKE TRADE WITH CONFIRMATION
Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Tweezer Top A tweezers topping pattern occurs when the highs of two candlesticks occur at almost exactly the same level following an advance.
Like many other candlestick patterns, tweezers occur quite frequently.
Tweezers are more meaningful as part of other trends, especially pullbacks.
Script = Lupin
Time Frame = 1 Day
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