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Wave Analysis

Every dip is bought in to same day.Is it ready for a bigmove?After touching low of 23263 nifty has thrice declined markedly and these dips were bought in to same day or next day 28th nevember dip was bought in to next day.If we consider the on going up move is an impulse move then these decline can either be 2 nd wave or 4th wave.4th and 5 th december decline can be 4 th wave of that impulse wave.I have market two 1,2 on the chart out of that one is bracketed.Bracketed 1 and 2 can not be 3 and 4 as inthat case wave 3 will be shorter than wave 1(unbracketed). In some cases wave 3 can ve shorter than wave 1 but in that case wave 5 must be shorter than wave 3.For the time being I am omitting this option 3<5. So we are having two 1,2 in nifty in such scenerio we can have appreciable progress in nifty index.Main task before Nifty to over take 5 th december high that is 24857,it has broken the low of 5 th december already otherwise ir will be a lower low and lower high structure. If this post helps you like this post. follow me to get updates.
NSE:NIFTY
by bijoy2526
silver Divergence TradingTrend lines are among the most accurate buy and sell indicators, along with simple moving average, stochastic, moving average convergence divergence, and relative strength index being the top trading indicators that help traders analyze the market signals effectively. The best divergence indicators mt4 are MACD, RSI, stochastic, OA. They are user-friendly and simple but provide quite accurate trading signals. You can learn more about stochastic oscillator trading forex in the article Stochastic Oscillator: guide for using indicator in Forex trading.
NSE:BANKNIFTY
by SkyTradingZone
3
#Nifty directions and levels for December 13th.Good morning, friends! 🌞 Here are the market directions and levels for December 13th. Market Overview: The global market is showing moderately bearish sentiment (based on the Dow Jones only), while our local market also exhibits a moderately bearish sentiment. Today, the market may open with a slightly gap-down start, as the Gift Nifty is showing a negative 90 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty closed in negative territory, and the Gift Nifty is also maintaining this sentiment, showing a 90-point negative start What can we expect next? > If we take note of the previous movements, we see a range-bound structure. > However, my expectation is that if the market sustains the decline and consolidates, we can expect a continuation of the correction because the RSI is showing a bearish bias. > The range will continue only if it pulls back from the initial movement and breaks the 38% Fibonacci level in the minor swing. If that happens, it will re-enter the range. This is the basic structure; let’s look at this in the charts. Nifty Current View: The current view suggests that if the market opens with a gap-down, it could reach a minimum of 24,416. After that, if it sustains or breaks the level of 24,416, then the correction will continue to the minor demand zone. Usually, both levels are major support in a range-bound market, so if it finds support there, we can expect a minimum bounce back of 23% to 38% in the minor swing. This is the basic structure. Alternate View: The alternate view suggests that if the market takes a solid pullback around the immediate support level and breaks the 38% level in the minor swing, it could re-enter the range-bound market, which means we can expect targets of a minimum of 78% to the channel top. This also indicates that until it breaks the 38% level, it could remain a bearish market.
NSE:NIFTY
by Manickamtraders
7
Nifty levels for Monday Monday consolidation possible Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 88.6%) Target 6- (T6 : 100 %) Target 7- (T7 : 127.2 %) Target 8-  (T8 : 141.4 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:NIFTY
by JaiPrakashShuklaHarmonicTrader
Silver as said yesterday silver ready for fall to 90k aprox hitDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 88.6%) Target 6- (T6 : 100 %) Target 7- (T7 : 127.2 %) Target 8-  (T8 : 141.4 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:SILVER1!
by JaiPrakashShuklaHarmonicTrader
Gold yesterday we booked 500 points profit again,1500 in 3 daysDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 88.6%) Target 6- (T6 : 100 %) Target 7- (T7 : 127.2 %) Target 8-  (T8 : 141.4 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:GOLD1!
by JaiPrakashShuklaHarmonicTrader
NIFTY INTRADAY LEVELS FOR 13/12/2024BUY ABOVE - 24630 SL - 24570 TARGETS - 24700,24760,24860 SELL BELOW - 24500 SL - 24570 TARGETS - 24420,24340,24250 NO TRADE ZONE - 24500 to 24630 Previous Day High - 24700 Previous Day Low - 24500 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY50: INSTITUTIONAL LEVELS FOR 13/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:NIFTY
by tony_fx_sm
ASHOKLEY - To hit 290 in the coming weeks?Ashok Leyland - CMP 222 The stock looks ready for a good upmove provided the recent swing low of 200 holds Wave counts and technical Patterns (Rounding Bottom breakout) everything points the target towards 290 for the short-medium term Refer to the chart for counts on various Degree/TF and Technical Patterns Vth of Primary 3rd is now underway. On hourly TF, price broke above the falling trendline and broke the LH/LL structure.. There could be one more dip towards 210 levels.. and thereby make a double bottom structure but this current impulse could take the script to AVWAP from the TOP at 230 levels.. A good script to consider for Dec/Jan series
NSE:ASHOKLEYLong
by Murthy_Santhosh
7
Ashokley - Dont be deceived by inv H&S - Pullback is dueCMP: 231.79 TF: 90 minutes First and foremost, my primary view is BULLISH on this counter (positional/investment) for a detailed view on the larger TF, read my analysis at Key Highlights/Positives: - Price successfully broke the swing high at 230.45 and negated the LH-LL structure. So, any pullback is a buying opportunity with the SL of 214 - Price closed above all key moving averages on Daily TF - On hourly you can spot Golden Crossover (50 EMA taking out 200 EMA) - very good bullish sign - On Shorter TF, Inverted H&S formation is seen and the price is trading above the neckline.. Potential target is 250-260 - Price has broken and trading above the AVWAP from the TOP Challenges/Negatives/reasons for Pullback: - There is an unfilled GAP at 225 area - On daily, price is trading inside the cloud. Could face resistance at 240 - From 264 to 202, the price was falling in a single leg.. No corrective structure seen/observed .. This marks a case for, - Either a deeper pullback to form double bottom structure (Blue line marking zig zag from the top) - Or a sideways move like 3 rise method (keeping the red trendline intact) and sharp bounce thereafter Again, for investors, it is a hold and add on dips.. but for short term traders, it is a wait and watch game for now.. Always focus on LOW Risk Set ups.. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions.
NSE:ASHOKLEY
by Murthy_Santhosh
#Banknifty directions and levels for December 13th.Bank Nifty Current View: This also looks like the Nifty sentiment; if the market opens with a gap-down, it could reach a minimum of the 78% Fibonacci level. After that, if it sustains or breaks the level of 78%, then the correction will continue to the demand zone. If it finds support there, we can expect a minimum bounce back of 23% to 38% in the minor swing. On the other hand, if it consolidates or breaks below, then the correction will likely continue. Alternate View: The alternate view suggests that if the market takes a solid pullback around the immediate support level and breaks the 38% level in the minor swing, it could re-enter the range-bound market, which means we can expect targets of a minimum of 78% to the channel top. This also indicates that until it breaks the 38% level, it could remain a bearish market.
NSE:BANKNIFTY
by Manickamtraders
Silver no buy signal yet we can see fall till 90100 alsoDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 88.6%) Target 6- (T6 : 100 %) Target 7- (T7 : 127.2 %) Target 8-  (T8 : 141.4 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:SILVER1!Short
by JaiPrakashShuklaHarmonicTrader
BANKNIFTY: INSTITUTIONAL LEVELS FOR 13/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
4
Natural gas near very strong resistance area avoid any buy tradeDisclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks Trailing SL (SL 23.6% )retracement Which is SL points then take Entry on Buy or Sell Trade SL - D points Which is recent High / Low mentioned in Chart is our SL TARGET - Target 1- (T1 : 38.2 %) Target 2- (T2 : 50 %) Target 3-  (T3 : 61.8%) Target 4-  (T4 : 78.6 %) Target 5- ( T5 : 88.6%) Target 6- (T6 : 100 %) Target 7- (T7 : 127.2 %) Target 8-  (T8 : 141.4 %) Target 9-  (T9 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
MCX:NATURALGAS1!Short
by JaiPrakashShuklaHarmonicTrader
KPITTECH - Wait for the PullbackCMP: 1533 Primary view/assumption is that, 3rd and 4th wave are complete and now are in the early stages of the Primary (5)th wave. Price has retraced 38% of the entire impulse from 2nd wave and now showing signs of reversal. Price is now approaching the 200 DEMA and the wide range RED bar (GAP Down Candle) at 1600 levels The smaller TF 5 waves also appears to be terminated/ended at around 1600 levels. If indeed, the primary view of bullishness to play out (5th wave has started), then it is prudent to wait for this impulse to end expect the DIP in the 2nd wave down. The 3rd wave will be most rewarding On Weekly TF, Primary 3rd is complete Daily TF 1 and 2 with Subwaves Daily TF wave 3 with subwaves Daily TF 4th wave and subwaves I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:KPITTECHLong
by Murthy_Santhosh
The directional V shaped signal Dr Reddy CMP 1246 Fib Analysis- I have done fib analysis on the three major swings in this counter. The first swing correction halted at 61.8%. this was an indication that the bull trend was weakening. The second swing correction halted at 50% taken from top and bottom. this was an indication that the stock was not expanding. The 3rd swing correction halted at 38.2% the grid forming from top and bottom of the swing. This swing has something more it is a directional signal which is an inverted V. Hence to me the uptrend is over. Since the stock has halted at support we will witness a rally, but this rally will the last opportunity to exit this counter.
NSE:DRREDDY
by singh17vivek