Get started

Wave5

Banknifty final leg of downmove or there is more?DISCLAIMER:There is no guarantee of profits or no 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 investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. --------------------------(((((LIKE)))))------------------------------- Downward impulse wave four iv was sideways double three correction which looks to be completed. The next move of Banknifty about to be witnessed as wave five v. This move can take it towards 0.5 Fibonacci retracement 21168 or as per support zone 21404-21027 SL/Invalidation level 22370 Confirmation: Dotted blue line has been broken which was important support line, Broken down heavily from range 22670-22080
NSE:BANKNIFTYShort
by Niftydirection
12
Bajaj Finance Wave 5 Ending Diagonal Final leg of UpmoveDISCLAIMER:There is no guarantee of profits or no 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 investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. --------------------------(((((LIKE)))))------------------------------- Bajaj Finance gave breakout from Ending diagonal in Wave C and since then moved up now in final 5th wave formed Ending Diagonal in Wave five (5). Confirmation: We see (iv) right now completed since 3 up side candles and started wave (v). It also moved nearly 0.5 fib level 3570. Next possible Wave 5 target 3670 which is 0.786 fib level. If wave (v) not truncated then possible to touch 3770,3820,3870 levels. Once wave (v) ENDs downside will start.
NSE:BAJFINANCELong
by Niftydirection
2
Tata Motors Ending Diagonal (THE END OF CORRECTION)DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. --------------------------(((((LIKE)))))------------------------------- Chart Scale Monthly and we see Ending Diagonal appeared in Wave five V. We are in Wave (4) right now probably going towards major resistance 165-67. Wave V or (5) should end at least 50% of wave (4) which is 112 Next big support 105. The calculation of Wave 5 End depends on wave 4 end and also whether it will correct 50% fib levels or more/less will be another mystery. But we can definitely say Ending Diagonal Brings THE END. See you soon XD.
NSE:TATAMOTORS
by Niftydirection
LT Impulse down Wave 5, Pain Still LeftLarson & Toubro about to start Downward 5th Impulse wave which will be truncated. Stock did retraced 0.382 fib from march lows and looks to have completed Tripple Three Wave at 1025. Case 1: Upside looks limited as have made Three black crows and move towards 980-1000 is ideal short entry with SL 1025 or 1040. Then going towards 890, 860, 840, 692. Not expecting to go below march low 661 Case 2: Moves up and touches 1025 then wave count from march low is WRONG. Disclaimer: For information purpose only, plotted values may differ in actual movement. Not to be used for FnO trades. This investment may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing/trading.
NSE:LTShort
by Niftydirection
2
Bank Nifty Wave 5 impulse start?Bank nifty sharply corrected today after extending wave 3 exactly 2.618 Fib level. Today it corrected to 23385 which is near to 0.5 fib levels 23250. Closed above major support 23605. Based on this we can conclude that despite big fall it didn't break impulse wave structure and likely to go up. This analysis will be invalid if touches 23211 then we may be looking at more deep correction towards 22814 0.618 fib level If sustains above 23900 tomorrow 15-30 min we can see 24100,24300,24700-800 levels Stop loss to be used 23600 Disclaimer: This investment/trading may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing. Your capital will be at high risk and you may loose all while trading Futures and Options. This is not actual buy or sell recommendation.
NSE:BANKNIFTYLong
by Niftydirection
Bank Nifty : What;s Brewing & What's Next with Waves !BankNifty... After some 10 days we are back to Nifty's favorite brother BankNifty. Many of you might remember how we rode Nifty with Waves, Now same for BankNifty ? Let's see... We already caught the Wave-3 and made money{check prev.post if you have missed that post}, Now lets concentrate on Wave-4. BankNifty getting caught within 100 points range is rare occurence, now its in 19700's region which has prev. ranging zone. If we go down on timeframe {15mins}, we can see some ranging patterns, I cud have drawn that but I wanted to present overall view on BankNifty, so used Hourly. On the breakout 19700's{Short} & 19900's{Long}, if there is Long breakout on Banknifty it will be treated as Wave-5. Else we can grab few points in remaining wave-4, so after BankNifty reaches next zone 19400's we can decide what to do further. If you have doubts on Elliots, check TechM sunday special post on drawing Elliott's. Happy Trading !
NSE:BANKNIFTY
by InsiderB
25