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Triplethreecorrection

Bank Nifty Reversal Trade-Setup with Great RRBank Nifty is trading at big demand zone and and we see significant potential for an upside move for several reasons: Reasons for Going Long in Bank Nifty: 1. Ichimoku Daily Cloud Bottom 2. Ichimoku Weekly KS Support 3. Bullish MACD Divergence on the 1-hour time frame 4. Completing Triple Correction—WXYXZ (considering a truncated scenario; otherwise, BN might aim for the 127% and 161.8% levels mentioned in the earlier post) CMP: 49,718 Expected Targets: 51,300, 51,700 Stop Loss: 49,590 Disclaimer : We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYLong
by WaveMoku
4
Banknifty Triple Zig Zag Correction Complex CorrectionBank nifty going through triple zig zag complex correction and there is another 1000-1500 points correction possible towards 0.618 Fibonacci level. With sharp recovery from 33909 its unclear if its A or Z wave completed already and new impulse started? Monday will give Clear picture if its not able to cross channel top 35000 then we can expect C wave of Z to take it down towards 33500 (0.618) Once correction is over we can expect V wave to begin towards 360000 This is the best possible Elliott wave count i can come up with, please hit like to motivate me to keep posting. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description. -------(((((Please LIKE or Comment)))))-------
NSE:BANKNIFTY
by Niftydirection
4
Nifty Triple Three correction before budget 2021DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- Nifty making triple three corrective pattern going down towards 0.382 Fibonacci level plotted between 11535 to 14753. Stop loss for this analysis will be 13967 today 29th Jan high If the analysis and wave count is correct then this last leg of fall will be slow paced making it clear that call is about to end. Z wave expected to respect parallel channel drawn in and will not break out of it.
NSE:NIFTYShort
by Niftydirection
7
Banknifty Elliot Wave AnalysisBanknifty formed Parallel channel post march lows. Currently in Wave 4 and correcting. Now probably forming Tripple Three Elliot Corrective Wave which is long and shallow correction (0.382 fib level) between 21000 to 23000. If it reaches 23000 levels and starts reversal then we can definetly say it as Tripple three elliot wave and can plan for wave Z. Price action suggest to go long ONLY on CLOSE ABOVE 22450 on 30 min chart Stop loss to be used 22200 target 23000-23100-23200. Disclaimer: Calculated and plotted values may differ with actual stock movement, this analysis can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
NSE:BANKNIFTYLong
by Niftydirection
13