There are chances of market crossing up and keep the target of 20,115. with an SL of 19,757.
A cup and handle is also being formed.
Disclaimer: I am not a SEBI Reg. analyst. Please do your own research and analysis before investing.
NSE:NIFTY near to completing a triple zigzag correction from the High of 18900 odd.
Market retraced 50% of the previous Rally from June - Dec 2022. Retracing back to sub wave 4 of previous impulse.
Momentum Divergence from RSI at oversold zone. A counter trend bounce looks imminent from these levels.
Elliott Wave Analysis:-
In Correction wave a) wave took place and for retracement b) wave and still a little more correction was pending it seems to be. and the fall is expected from there.
i am not a SEBI registered advisor.
Before taking a trade do your own analysis or consult a financial advisor.
I share chart for education purpose only. I share my...
The Banknifty recently completed a consolidation phase, forming what appears to be a bullish pennant pattern on the price chart. However, it's important to note that the presence of this pattern alone doesn't guarantee an upward price movement. It is crucial to consider that the market may experience a price correction around the 44730-44750 range, which is a...
Last time, we had suggested a possible short covering rally could come in the market if Nifty goes above 19482.
That is what we saw on 5th morning, when Nifty opened gap up at 19521... made a low of 19487 and then came the short covering rally.
That rally closed the week at 19653 just a tad below 21 day EMA.
& there is a big Political NEWS of Israel war...
HHV and LLV gives good information about the trend.
A trend will be visible when its seen with fast and slow line cross
UP trend: HHV_fastline = HHV Slowline and LLVfastline crossover LLVSlowline
DOWN trend: HHV_fastline crossunder HHV Slowline and LLVfastline =LLVSlowline
Attempted to plot the same with multiple options to choose fastline length, slowline...
Daily time frame;
Regression Channel breakout Indicates Change in trend
Weekly time farmes;
Bullish Kicker candlestick signals reversal from the yellow support line, which was drawn from two prior tops (Oct'21 & Nov'22), which provided support as projected
1. Resistance, 19600
2. Support, 19200-19250
Incorporated in the year 1967, Hindustan Copper Limited (HCL) was formed to take over from National Mineral Development Corporation Ltd. It is the first Indian PSU and only vertically integrated copper producing company. HCL is engaged in various processes right from copper mining to the final stage of converting copper into saleable products.
Prakash Industries triangle pattern formation on daily TF as well as on weekly TF. Here I'm posting only the daily TF chart. Soon to be breakout share, keep in watchlist. Breakout above 75 and stop loss will be around 50. Trade for 1:2 Target.
1)The Index is trading above june 8 levels
2) yesterday, it broke and closed above 103.60 which was acting as a strong hurdle closing basis
3)The counter is trading with upward sloping trendline
4) 104.85-105 is nearest ideal testing level now
PIDILITE INDUSTRIES LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of triangle Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 2725+.
✅Can Go short in this stock by placing a stop loss below 2610-.
Key highlights: 💡
✅On 4 hour Time Frame Stock Showing Reversal of Uptrend Channel Pattern .
✅ It can give movement upto the Reversal final target of Above 1350+.
✅There have chances of breakout of Resistance level too.
✅ After breakout of resistance level this stock can gives strong upside rally upto below 1405+.
✅Can Go short in this stock by...
I have been explaining the levels and logics behind my trades in my videos.
Live market, Post market analysis and Next trading session's Detailed Analysis has been posted in my YouTube channel.
Please do watch my old videos in Daily Analysis Playlist to understand the Entry and Exit criteria.
Do follow and subscribe if you like the analysis.
I expect the...