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Triangle Wave

BankNifty- Final Leg (Triangle) & Fall Later 22660-21400Plan A (Buy Scenario) A Possible Triangle Scenario - Expect Upside Push--------"strictly crossing above 22300 & holding above 22300"-----------for target 22550-22600 No Buying if cannot cross & hold above 22300 levels Plan B (Sell Scenario) Strictly Sell Valid --------After completing Plan A (Buy Scenario) mentioned above------Once reaches 22550-22600 target upside & fails to cross above 22660 then traders can plan the sell keeping stops above 22660 & target downside as 21400 as mentioned in the last idea mentioned below --------------------------------------------------------------------------------------------------------------- As per the last idea ---------resistance of 22700 approx was held - High was 22757 (shown as "Wave-a" & we got the fall to 22757 to 22035 level Last Idea
NSE:BANKNIFTY
by WaveTalks
11
Hindalco Wave Review (Recent High @ 203) - Final Wave E-ExpectedVideo Idea Shall Have Quick Review Hindalco BankNifty Nifty ---------------------------- Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. --------------------------------------------------------------------------------------------------------------------------- Note For Educational Purpose- not to be considered a buy or sell idea. ---------------------------------------------------------------------------------------------------------------------------
NSE:HINDALCOEducation
by WaveTalks
4
USDCAD- case of Ending diagonalVery soon there will be a trend reversal in the pair USDCAD. The current price structure is forming an ending diagonal which is going to complete the long term corrective wave A-B-C started in the month of march. The another reason for expecting a trend reversal is the bottom formation of dollar index, which clearly suggests that major reversal going to take place. Important levels are 1.30800 as the last & Above: 1.32400 reversal confirmation.
Education
by TradingSutra
Reliance- (penultimate wave) Is that last move upside 2300+As suggested in last idea - 1st Sep 2020 mentioned below, we look for upside move for 2200 if holds above 2060. Went below & retested 2047-C(Wave Low) & Bounced Hard Upside from 2044 levels. Usually, Penultimate waves forming triangular correction are the last waves as suggested by Wave Gurus . Let us see what happens next? ---------------------------------------------------------------------------------------------------------------------- This is not a trading call. Kindly do your own due diligence. Consult a financial advisor before taking any trading based on this view. --------------------------------------------------------------------------------------------------------------------------
NSE:RELIANCE
by WaveTalks
7
GOLD Wave analyisGold is in a tricky spot now. A solid reversal has formed on one side, while it can be construed as a continuation pattern, as well. On hindsight, it might look as a simple head and shoulder pattern which can give a bearish breakout. But, if you look closely, it is currently in a Elliott wave formation and it is currently going through a correction in the form of a triangle wave. There are good chances for both the patterns to play out. However, taking fundamentals into account, we expect the triangle pattern to render a bullish continuation pattern.
OANDA:XAUUSDLong
by traderpulse