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...
Hello Pivster's ★
•As we saw Nifty50's initiative sellers applying an emergency brakes as soon as the Adani-SEBI verdict got postpone.
•But, do you see a beautiful ' double bottom ' (M-pattern) been formed and completed it's target in confluence to a major support 19300.
⇲ My Pivot Auction Chart is posted below for reference:
Now that we have a general...
Good morning Guys! Here is a potential trade set up for next week.
Providing you some pointers for MPS LTD.
>>MPS Ltd experienced a beautiful breakout from a well-defined rectangle pattern last week
>> As we see in a daily timeframe, it was religiously following a rectangular pattern since more than 1 year, it is more like a broadening rectangular pattern. ...
TVs Motors CMP 1054
Points to observed
1. Trending in downward 👇 channel
2.recent action price bounce from low
3. Rejection zone last time 1055-1053
4.sustains above mentioned price is bullish development
Till 1037 is saved
Learning part Here 😉
1. CHANNEL price movement
2. Repeated price action bounce or rejected
3.also Flip zone reaction around 1055...
Bitcoin is hanging by a thread and is at critical support on the higher time frames. It is at key demand zone of 25.4k - 24k zone. If the level holds, we could see a rally in BTC towards 36k-40k.
However a break of 24k with candle closure, is not going to end well. We could see a further correction to 18k if this were to play out.
Watch these levels closely in...
AUDCAD is moving in channel since long on bigger Timeframes.
It finally broke above the channel on 4h and 1h but the daily candle closed under again. So we either go short on breakdown below 50 EMa and strong level 0.88600 or we wait and see if a strong bullish candle forms & closes taking rejection from downside ( support from channel ) we can plan long then and...
Finally , ABB Has given breakout. But the pattern is not looking very strong.
I will enter the trade, but not with full allocation.
Manage your trade accordingly.
***RESULTS CAME TODAY, and they were good***
Special markings in Red, blue and Green solid lines are very important areas and opening of the trade in the morning gives us a reasonable idea along with other factors as to how the day should proceed.
If you have been following the levels from the previous charts by now you would have seen the importance of how correctly marked areas worked .
we can visualize...
AUDNZD Sell Trade opportunity
Recently, the support level was broken and now we are waiting for the market to retest the resistance level that I have marked. If the market does retest the resistance level, it would present a good opportunity to sell.