"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20. Regarding yesterday's structure, despite a significant increase during the last...
the trend is down its recent history suggest an formation of v pattern then consolidates for some time and will give us its original trend direction so here is the plan
Reliance has completed its bearish moves and now in bullish trend. Buy on dips. 2398 is the support now, if falls below it till 2355 even not to worry. Should remain above high of 29th November 2023 candle. Disclaimer: I am not a SEBI Registered Analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of...
Please refer to my previous discussion on Nifty. (Link Provided). There it was mentioned that Nifty may come down in the evening from 5:03 p.m. and it has done the same way and still trading below that candle as marked by a white horizontal line. How to trade today? (a) Candle of December Ist has to give support, if Nifty has to go up. (b) Candle of 29th...
Pattern -- Elliot wave impulse formation Reason: a) wave D not overlap wave A territory b) wave D is not retrace more than 50% c) As per Elliot Wave Impulse Formation. Wave 5 is typically inverse 1.236 – 1.618% of wave 4 Next Immediate Target: Up - 20795 followed by 21078 down - 20549 followed by 20267 Resistance Area to be look on for based on open...
Inverse Head and Shoulders Continuation: This pattern forms in an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. At the end of the left shoulder, a minor correction takes place on the upside which happens on the low volumes comparatively the starting of the left shoulder. After this again a down move can be seen on large...
Stock is moving up after an expanded flat correction. The current structure suggests that a 3rd-wave is about to start. TRADING STRATEGY: BUY: 223 (CMP) SL: 218 TGT: 232/240
Stock is rising in a uptrend channel forming HH HL which is the basic definition of an Uptrend. The current price action suggests that prices are unfolding into a primary wave-3. One should buy the stock on current levels, keeping SL of 105 look for the target of 140 in the coming days and weeks ahead.
Stock is rising in an impulsive manner of which 3rd is currently unfolding. Price are likely to continue it's uptrend towards 2900 and later 3500 in the coming months. On the downside Key level is 1700 which is the invalidation level.
After a FLAT correction , prices are rising in an impulsive manner. Stock is likely to continue on the upside in the coming days and weeks. Buy on cmp add on dips and look for the upside target of 3460/3550 in the coming weeks. Maintain SL of 3120.
BTCUSD is expecting to make a move to the upside. Expecting target to reach at 40,000
Bitcoin is looking for long after forming corrective formation & clear movement to the upside. Expecting target to reach at 41,000$
BankNifty Analysis The real reason for the outperformance on Nifty50 = BankNifty today. In the last newsletter, we discussed how relevant BankNifty’s next move would turn out to be. Would you believe we took out the ATH today and the new value is 46484.45? 5mts chart link - click here BankNifty went on to take out the 45399 resistance in the gap-up open...
NIFTY 50 has completed its 5th wave, reaching a peak at 20,686. Analysts anticipate a gradual decline, projecting a potential fall to 18,800 by month-end. Investors should monitor market trends closely during this period.
Nifty Analysis Recap from yesterday: “I would like to see this as a breakout with a new higher high in the cards. For this to happen, BankNifty has to reclaim its ATH” 5mts chart link - click here For those long on Friday, it would have been a dream come true. 347pts gap-up open followed by a steady and healthy rally. We ended up gaining 418pts ~ 2.07% today....
I daily make educational content videos for swing / positional trading
Crude oil Daily TF, Bearish Sequence (Short Crude around 6440 range, SL - 6641, Swing Target - 6006, 5709, 5487) Sell On Bounce.. Disclaimer: I am not a SEBI Registered Research Analyst. The information provided here is for education purpose only. I will not be responsible for any of your Profit/Loss with this recommendation. Consult your financial advisor before...