Wave Analysis
Edelweiss - Advance View for Long Term Keep the stock on Radar to Buy the Dip near 70-66 Zone with a Stop Loss of 58 on weekly closing basis.
The stock might see a Reversal from 70-66 zone and head towards 78, 92, 103, 113, 145.
View negates if the stock does not fall below 101 and crosses 145
Disclaimer: All information give is for educational purposes. Please consult your financial advisor before investing.
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BankNifty - 300 Points Upside & 700+ Points Fall from Gap Zone
Rallied into the gap zone (51775-52000)—just as suggested! Did you read the last idea?
Last Idea on Bank Nifty
If yes, you’d have nailed the halt near 51740 & the pullback to 50951.
What a session for the day !
Regards,
WaveTalks
Market Whispers! - Can You Hear Them
“Cummins India at a Crucial Juncture: Breakout or Breakdown?”The stock has recently tested a key support zone near ₹3,200, coinciding with a long-term descending trendline and the 200-day moving average (yellow line). The price action suggests indecision, making this a crucial level to watch for both buyers and sellers.
Bullish Scenario
1. If the stock sustains above the ₹3,200 level and breaks out of the descending trendline, it could signal bullish momentum.
2. Key upside resistance levels to monitor:
• ₹3,356
• ₹3,800
• ₹4,132
3. A breakout above ₹4,132 could indicate further upward potential.
Bearish Scenario
1. A decisive breakdown below ₹3,200, backed by high volume, might lead to bearish continuation.
2. Potential downside levels to watch:
• ₹3,000
• ₹2,800
3. Failure to reclaim the 200-day moving average may strengthen bearish sentiment.
Conclusion
Traders should wait for a clear price action signal – either a breakout above the descending trendline or a breakdown below the support zone. Keep an eye on volume and broader market trends for confirmation.
You can adjust this to match your style before publishing!
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research and consult with a financial advisor before making any investment decisions. Trading involves significant risk, and past performance is not indicative of future results.
NIFTY CALLThe Nifty 23650 CE is likely forming a downward impulse wave following the rules of the Elliott Wave principle. If the structure completes as anticipated, it could signal further bearish momentum in the near term.
Banknifty sell on rise until 51900 not break levels on charts 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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Natural sell on rise until 300 not break Target 282,275,268 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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Crude now again at resistance area 6050 ,support 5950,5898 rangeDisclaimer -
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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper holding buy from 797 , support 795 Target 807,812,818Disclaimer -
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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver buy on dip support 88550 resistance 90320,91500,92700Disclaimer -
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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
XAGUSD buy on dip support 29.40 resistance 30.11,30.54 ,30.95Disclaimer -
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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold holding buy 75950 trail sl 76000 Target 76850,77280Disclaimer -
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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ETHUSD buy on dip support 3405 Target 3550,3660Disclaimer -
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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bitcoin 5000 points profit booked support 97k,Target 102k ,104kDisclaimer -
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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
XAUUSD buy holding @2606 support 2620,2608target 2643,2655,2671Disclaimer -
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 27.2 % )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%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
EURUUSD Next possible move SAXO:EURUSD
Here’s a detailed description for today’s continued bullish outlook in EUR/USD:
---
### **Title**
*"EUR/USD Intraday Analysis: Sustained Bullish Momentum | Dollar Weakens Further"*
#### **Market Context**
*"EUR/USD continues its upward momentum as the U.S. dollar struggles amidst mixed sentiment over economic data and declining Treasury yields. The Euro finds support from improved market sentiment in the Eurozone."*
#### **Technical Analysis**
*"Today's buy entry bias is confirmed by:
- **Trend Structure**: Higher highs and higher lows affirm the ongoing bullish trend.
- **EMA Dynamics**: The price is holding above the 20 and 50 EMAs, reinforcing the bullish stance.
- **RSI**: Sustained above 60, highlighting strong buying pressure.
- **MACD**: Positive histogram bars continue to widen, showing consistent bullish momentum.
Key Levels:
- **Support**: 1.0575 (intraday), 1.0540 (critical support).
- **Resistance**: 1.0620 (initial target), 1.0650 (key resistance). A break above 1.0650 could signal further gains."*
#### **News Context**
*"Upcoming: U.S. Pending Home Sales and Eurozone CPI data are expected today, potentially influencing market movements.
Previous: Recent Eurozone economic data has shown resilience, while the U.S. dollar remains under pressure due to profit-taking and mixed economic signals."*
#### **Call to Action**
*"Will EUR/USD sustain its bullish momentum and breach higher resistance levels? Share your thoughts and trade ideas below!"*
---
Let me know if this aligns with your expectations or if further adjustments are needed!
BTC headed down to $86,000 by mid Jan 2025 before reversing upBTC completed Wave 3 of its impulse wave in mid December. The wave started back in August 2024 (see orange numbers).
It is now pulling back in Wave 4 in a typical ABC correction, having completed sub wave A and more than halfway through sub-wave B. Once it tops sub wave B by first week of Jan, it will move down in Wave C all the way down to $86,000. (see blue letters)
Once Wave 4 is completed, it will reverse to complete Wave 5 with a top of 115,000 by mid February 2025
ETH will fall to $2,900 by mid January 2025 and then reverse upETH started an impulse wave in early August and completed wave 5 in mid December (shown in orange numbers)
It has been in an ABC correction since mid December and has completed Wave A and about to complete a relief Wave B before heading down to a Wave C that will take it to 2,877 by mid January. (shown in grey letters)
Once the ABC correction wave ends, it may start a new impulse wave.
Bottomline: expect ETH to move down to $2,877 by mid Jan 2025 before starting a new impulse wave towards 4,000.
SBIN Trading and Investment OpportunitySBI is the largest PSU name in banking sector. Most of the retail portfolios may have this scrip.
Since its movement in first quarter this year, it has been trading in a channel. Any low below the channel is bought and any excess is sold.
For traders, this is an opportunity to buy at CMP and sell at upper end of channel.
For investors, a break above the channel and continuation would mean SBI reaching that magic four figure.
Any break of lower end of channel would mean a sell signal with support around 600.
As they say, SBI is truly " Banker to every Indian ".
This is not a buy/sell recommendation.
This post is only for educational purpose.
Kindly consult your financial advisor before investing.
Keep strict stoploss and money management rules.
Happy Trading!!
HAL up for Swing tradeHindustan Aeronaut Limited: CMP : 4476.85; RSI: 59.24
HAL has completed Intermediate wave-4 correction , and bottomed out at 200 DEMA, motive wave-5 may take the HAL price to 5500-5600 levels, making it a good candidate to accumulate for a swing trade.
Swing Trade Target 1 : 5500-5600
Next Resistance HAL: 4562-4704-4934
Stop-loss: 4100;
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3 Amazing swing trading idea for 26 December MarketsI daily make educational content videos for swing / positional trading
Gulf oil trade idea: This idea is about a breakout trade that went sideways at the breakout point and is currently in a no-trading zone, pink zones tell you about what to do next
Axiscades trade idea: This idea is about the weekly time frame breakout, its at a strong resistance area of a hidden parallel channel, needs a strong closing for the same
Indigo trade idea: This idea is also a breakout idea on Daily time frame but needs to follow a set of market structure from here on and price action to give a nice trade activation
Nifty SpotThe 30 minute chart is the """" SOLE"""" Time Frame chart which is showing me some amount of BULLISH Moves. When at 24856..... The Hourly chart was the SOLE chart Crying to Me for a downside. Based on the RULE OF MINORITY( which BTW always WINS), I had told you all to go short at 24770. That short accumulated over 1100 points since. Based on the RULE OF MINORITY, I have placed for you what I think is likely to happen. In any case should the Low break... I would still not get affected.