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Dow theroy - NIfty50 !!NSE:NIFTY This chart represents a technical analysis of the Nifty 50 Index in the I-hour time frame, showing key phases and levels that traders monitor for decision-making. Here's the explanation in simpler terms: 1. Accumulation Zone: This is the area marked in the first shaded box where the price is moving sideways within a range (between support and resistance levels). • In this phase, big players (institutions) are likely accumulating (buying) before the next move. 2. Breakout to Manipulation: After the accumulation, the price broke out above the resistance level. However, this was followed by a sharp reversal downward. The sharp drop is labeled "Manipulation," where the market may have tricked traders into thinking the price was going higher, only to push it down. 3. Support Levels: • Several support levels are marked where the price found temporary stability and reversed upward. These areas indicate where buying pressure overcame selling. 4. Distribution Zone: • In the next shaded area, the price moved sideways again. This could indicate a "distribution" phase where institutions are selling off positions after the price increased. 5. Future Projection: The dotted line shows a possible future path where the price could rise again toward the distribution area (marked as potential resistance). Key Takeaways: Sideways Movement: Indicates areas of balance between buyers and sellers. Manipulation: A sharp move designed to trigger stop-loss orders or mislead traders. • Future Trend: The chart suggests a bullish (upward) move if the price sustains above current support levels. Traders can use these observations to plan entries or exits around support/resistance levels while being cautious of potential false breakouts.
NSE:NIFTYLong
by thetradeforecast
3
Axis Bank technical chart analysisAxis Bank technical chart analysis Strong support zone is 845-822 Strong resistance zone is 1000-965 Impulse wave Impulse wave has completed (1-5) on daily basis. Wave 1 & wave 5 are equally. Wave 3 is longest wave. Wave 2 taken less time as compare as wave 4 ( in corrective pattern). Corrective wave Corrective wave is pending & expect it may flat or zigzag pattern, elongated, running etc . Touched Fibonacci R3 resistance level at present (988) RSI is making LL & Price is making HH on daily chart. (Divergence) On balance volume indicator making divergence Target: Downside: 38.2% must to be came at least this level 905 Upside: 1218 level but take a time month/years. Note: Axis is all time high. It is not possible breakout in second attempt. Therefore it should be correction This is only education purpose only
NSE:AXISBANKShort
by pnjakh1984
2
Basic patterns of Elliott Wave Theory ExplainedTHE INTRODUCTION As you all know the waves always moves in zig zag fashion, either it moves up or it moves down, but the pattern always remains same i.e. Zig zag. So, the most important question is, with which method one can define the trend or some meaningful pattern, which can help anyone to plan his trade & other opportunities. There are multiple technical indicators available which can help to identify the patterns. However, the method which I use is The great Elliott Wave Theory. In this post I would like to summarize all of the basic Elliott Wave patterns. Here, in the Elliott Wave world, waves are always of two types. 1- Impulsive 2- Corrective CYCLE Whenever one impulse and corrective waves get combined one cycle is formed. Here, I have drawn the graphical representation of same. IMPULSIVE WAVES A Impulse is the combination of five wave structure, where all five waves are termed as: wave: 1,2,3,4 & 5 SUB STRUCTURE: Here, wave 1, 3 & 5 always sub divides into five smaller waves (*) (•)Waves 1 & 5 sometimes also gets converted into leading diagonal & ending diagonal. And, waves 2 & 4 always gets completed into a combination of three wave s structure. (structures could be simple or complex) (A separate topic) (also called as the corrective waves) CORRECTIVE WAVES ZIG ZAG Zig Zags are the pattern having the combination of three waves. (Wave a, b & c) Where, Wave A, subdivides into five waves , Wave B, sub divides into three waves and, Wave C, sub divides into five waves Here, I have drawn graphical representation of same. FLAT FLATS are the pattern having the combination of three waves. (Wave a, b & c) Where, Wave A, subdivides into three waves Wave B, sub divides into three waves And, Wave C, sub divides into five waves Here, I have drawn graphical representation of same. TRIANGLES A Triangle is the side ways price moves, bounded by converging trend lines. Internal wave in a triangle sub divides into 5 sub waves, named as A,B,C,D & E which further sub divides into 3 sub waves. Triangle often called as the terminating waves patterns, as it always terminates the big wave structure. LEADING DIAGONAL It consists of five sub-waves, labeled 1-2-3-4-5, Here, waves 1 & 4 always overlaps (exception) & Here, wave 1,3,5 sub divides into 5 sub waves & waves 2,4 sub divides into 3 sub waves. ENDING DIAGONAL It also, consists of five sub-waves, labeled 1-2-3-4-5, Here, waves 1 & 4 always overlaps (exception) & Here, wave 1,2,3,4,5 sub divides into 3 sub waves The patterns explained above are some of the basic patterns of " The Elliott Wave Theory" In future I would to cover separate topic in great detail.. Stay Tuned....
Education
by ShubhamKatiyar
3
SGXNifty vs Nifty50The difference is mentioned on the chart. As you can see the white line which represents Nifty50 is flushed together against the price movement of the SGXNifty. Traders use this instrument to gather a sense of the direction of the market for the day. This is not a sure shot method of determining the open or the direction, but it offers a good indication. Today, the SGXNifty is trading about 20 points lower (7:45am), indicating a flat open for the day. When you come into the market with a bias, this can either confirm or reject that bias and help you create a more accurate trade plan for the day.
NSEIX:NIFTY1!Education
by ArcherDAVIS
2
Basic of Gap theory(Common gap, Breakaway gap, Runaway, Exhaus )Gaps can offer evidence that something important has happened to the fundamentals or the psychology of the crowd that accompanies this market movement. Gaps can be subdivided into four basic categories: • Common gap • Breakaway gap • Runaway/ Continuation gap • Exhaustion gap -------------------------------------------------------------------------------------------------------------------------------- --> Common gap-: Common gaps generally occur uneventfully or when there is nervousness among the investor and has low volume , generally gap is filled in the future . --> Breakaway gap( Measuring gaps )-: A breakaway gap is those which have high Volume and the chances are more to cover the gap . The traders who have invested in the wrong side need to cover them. A new change in the market has taken place. The point of news breakout becomes support or resistance. --> Runaway gap-: runaway gap has increased in liquidation and those who are holding the position will get panic and sell/buy. the runaway gap is caused by the trading limit imposed by the exchanges. --> The exhaustion gap ( Island-cluster )-: exhaustion gap happens near the end of the movie. Mainly have a high volume and have a large difference from the previous price, in this state of panic long down move is transpire due to a feeling or belief that bad things will happen. exhaustion gap quickly fills a gap when price reverse. I will update shortly Real-Time use of Gap Trading Strategy shortly. Kindly comment, if you have any questions/suggestions for me. You can share your LOVE by giving LIKES .
NSE:BANKNIFTYEducation
by Trade-Technique
72
B's shopping theory & Nifty !Let me ask this first, How many of you are frustrated bcos of almost no movement in Nifty ?! Almost we are stagnating within 100 point range from Oct 19th. Intra's will be having chances here n there but positional ones will be irritated to the core bcos of no movement & no trade setup emerging out of Nifty. B's Shopping Theory : Am not sure about the exact date, but before Dussehra itself( from Oct 1st week I guess ), I told Nifty will be directionless till Diwali bcos Bull & Bear ( B's) need some relaxation time & want to celebrate Diwali. B's are out on shopping so whatever the move happens is not the decider of overall path in coming days, its just movement by retail traders expecting up or down ( just My opinion). To prove the B's shopping theory, Nifty is reflecting the same forming Ascending broadening wedge (ABW) pattern. {LHS} This Ascending broadening wedge (ABW) pattern forms when markets are bit directionless & patterns right end are open to the max range, so Nifty can oscillate between them without moving in any direction, so Nifty was moving within that pattern without proper direction & range is also wide enough, so its good for Intraday traders.In contrast consider some triangle pattern with narrow close on the right end, it needs to give a breakout sooner when it reaches the end but this broadening wedges can take their own sweet celebration time & confuses us.{RHS} Therefore L.H.S = R.H.S, Hence the theorem is proved :) Regarding Mistry sacking Mystery's, there are lot of bad decisions / conflict of interest involved so the Tata group did what's right & Best to protect their Ethics, This is Best for Tata's future. If I go indepth about all the aspects it will take another huge post to explain what went Behind the scenes, so lets close Mistry topic with firstline of this para probably on some relaxed day I will explain those. And the Tata's won't give direction for Nifty I believe ( it will be temporary) but let's see. Getting back to Nifty, The Best way is being intraday trader that doesn't mean positional's won't get chances. Its just my opinion that positional traders will get chance after Diwali. By the way don't get annoyed that I didn't give any direction or trade setup, bcos there is no real directional chance I see here, so relax guys...take some time off away from monitors... We are not gonna make millions within 15 days, thats why told to take some rest from markets.( Bulls & Bears ) B's are out on shopping, so trade intra or better relax & take vacation till Diwali... Let the B's Shopping Theory Work :)
NSE:NIFTY
by InsiderB
2