BankNifty differs slightly from Nifty. It has already finished the three-wave structure, so if the gap-up sustains, we can expect rally continuation with minor correction that should break the minor fib level of 38%. Alternatively, if the gap-up doesn't sustain and breaks the previous day's low, then it might turn into a diagonal pattern."
"Good morning, friends! Here are the directions for May 6th: There have been no changes in the global market; it's maintaining its range, while our local market sentiment also indicates a moderately bearish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +100. Nifty fell drastically in the previous session, so the...
BIOCON We can go long if the previous high broken. Trade with your own risk
Greetings traders! 👋 Today, I'm sharing my analysis on HUDCO, which is showing a Breakout and Retest setup with volume build up. Here's a breakdown of the setup: 📌 Setup: BREAKOUT and RETEST SETUP 🔍 Analysis: I've conducted a thorough analysis on multiple timeframes, confirming the breakout and retest. 📊 Indicator Support: Momentum indicators are showing support...
Nifty - CMP 22475 The Index is down to channel support as well as MA support. My oscillators are also telling me its a buy here. So go long on Nifty is the call.
As always, expectations from Adani Power Q4 results were very high and even though results were good (except for higher tax amount), there is a sense of disappointment in the street. The story remains intact; may be some more consolidation. Any panic fall towards 570-560 due to rumours/news should be treated as an opportunity to buy. This is not a trade...
VCP Breakout Setup RSI near 65 and rising Trading above EMA50 Breakout and retest Disc: for study, not a recommendation
Coalindia into next tragectory. After ABC corrective wave & break of immediate resistance with strong volume its ready for triple digits. wave 5 in action
I daily make educational content videos for swing / positional trading
Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ----------------------------------------------------------------------------------------------- Copper Outlook...
look like 1 ansd 2 is done enter in wave 3 ( 1- 2 ) . Expecting 3080 first target . Recent high is important for long . below 2865 need to check or SL
#Freshview Dt. 04.05.2024 #CUMMINS INDIA CMP 3478+ Weekly Chart Continuous volume and accumulation were seen for a couple of weeks. The stock almost doubled in a year. Looks great on the above grounds. but profit booking is possible with a side wave price momentum Price Momenturm 2970-3180-3320-3460-3650-3780+ I hope for the best Stay connected #TEJGYAN
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups...
spectacular rally in bitcoin after two days of decline.. It appears wave C is an ending diogonal. Further upside still left.But some more correction is left before its up trend is resumed. Follow me to get updates. Like this post if it helps you.
Important Liquidation Levels for Bitcoin: $50k - FWB:73K #Bitcoin Liquidation Heat Map: Approximately $3 billion can be liquidated up to $71,715. Key levels to watch: ➡ $67,420: $2.75 Billion in potential liquidations. ➡ $50,000: $5 Billion waiting to be liquidated. Key Areas to Monitor: ➡ $56.9k - $52.1k: Weaker liquidations. ➡ $59.5k - $58.5k: Heavy...
At this level we can grab big move. We could suppose this level is good to buy at this level. This level are imp for day trading.
Coal India Limited (CIL) is a prominent state-owned coal mining corporation in India. Established in 1975, it has since played a crucial role in fueling the nation's energy needs. With its headquarters in Kolkata, CIL operates through its subsidiaries spread across various regions of India, contributing significantly to the country's energy security and economic...
BankNifty Analysis — Stance Neutral ➡️ BankNifty had an intraday swing of 952pts ~ 1.92% at par with what Nifty had today. There was a brief period of recovery 11.39 to 12.43, but this did not sustain and we hit an intraday low of 48659 by 13.39. BankNifty is actually weaker than Nifty, because we did not pull back even a bit yesterday and then you combine...