ankNifty also exhibits the same sentiment. There is a sub-wave five, which is a distribution wave, potentially with lower volume. If this happens, the 78% Fibonacci level might act as strong resistance. On the other hand, if the pullback has a solid structure, we can expect the rally to continue with some consolidation. The alternative variation is also the same:...
Good morning, friends! 🌺🍬 Here are the directions for June 7th: The global market maintains a moderately bullish sentiment based on the Dow Jones, and our local market also follows a moderately bullish trend. Today, the market may open neutrally, as indicated by GiftNifty, which shows a decrease of 8 points. Both Nifty and BankNifty share the same sentiment...
Natural Gas has just finished its major bear correction ( ABC) after a major bull cycle (12345) as depicted on the chart. Most of the Fibonacci projection & retracement are holding true as per the rules (will publish it separately as a learning material). Also, after the ABC correction, there is sharp rise in the price. How do we plan an entry now? The price...
Topic - TECHM Long Levels and Zone As on 06 Thu Jun 2024 Current price of Tech Mahindra Limited TECHM is 1317.45 and trend of stock is towards upside and stock can be bought for price targets of 1417.82, 1449.2 Tech Mahindra Limited TECHM Opened at 1285.00 & Closed at 1317.45 and moved inside a range of 1274.20-1323.60 Closing is 3.99% which is 50.55 points...
Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor before taking any investment decision An ABC correction seems to have ended in UPL after a failed 5th wave. Currently it appears to have finished minor wave 2 of wave 3. It has broken a declining trendline with volume near the end point of wave 2 with high volume and...
Yesterday Israel attacked Hamas, causing gold prices to increase sharply last night despite the ISM PMI index being greater than 50. Looking at H1, the news of Israel attacking Hamas has caused the price of Gold to rise through tradingrank for more than a week now. - Price surpasses 2464 and confirms wave 5 has ended at our target area of 2317. - From the...
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The Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure. The Elliott Wave analysis indicates that the stock has completed waves (i), (ii), (iii), and (iv), which are shown as blue numbers on the daily chart. Wave (v) appears to be underway at this time. Wave (iv) in blue...
**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data...
Crude oil will blast upside if Support is held !! Crude Oil (MCX) is around 6200 Its long term Support or Law of Polarity is around 5900-6000 These channels are working since 2015 in Crude Linear chart Price action & RSI is indicating that Crude to take support around these levels. Thank You !!
According to the Elliott Wave Theory, the Elliott Wave Structure describes the pattern and arrangement of price movements in financial markets. Based on extensive analysis, it appears that the stock has completed wave 5 on the daily chart. A corrective wave (a-b-c) has begun in black circle. Currently, it appears that the first wave (a) of correction is over and...
**Technical Analysis Chart Description:** Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings: 1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data...
hello guys welcome to Ramajitrade 🙏😊 Today Target in video we achieve this target 100%. and please Trail your stop loss and try to hold. Updated for-Jun/06/2024.Positional Support for BANKNIFTY 48832 48531 48342 48287 48078 47819 47216 46100 and positional Immediate resistance for BANKNIFTY is 51235. Intraday Resistance of BANKNIFTY are 49896.1 : 50737.6 :...
I have made efforts in Explaining from Longer data chart to shortest as daily Hope you will find it reasonable and if you have any Questions let me know i will try to address it Thanks
buy BTCUSD 70600, SL 70200, TGT- 71700 NOW bitcoin in uptrend last few days with 1H chart, and there is no Block Order for sell and price will be get a support at 70200, because its make a dozi block order in 30M chart i mentioned. so trade it for 1100 points
Date: 7th May 2024 Time: 3:30 PM Shalby was on my watch from past week, and I was waiting for entry level for good price to buy. First of all, there is a W pattern which formed in Sept 2023 but again came down, so I was waiting for entry after Retest in Shalby. I have done wave counts on Shalby from beginning and find that, Correction 5 Wave Structure has...