As it seems price break the strong daily level and change it to resistance, thus it will be good opportunity for short.
BNF - trading range watch BANKNIFTY - 05.10.2023
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usd/cad is in strong uptrend this days and i realise after making up trend it generally trao the retailers on downside by showing them breakdown and surprise happens it continue its uptrend by traping them
Currently, Ashok Leyland is at the previous trendline Support level of 175 in price. If the stock successfully recovers, it might eventually hit 205-210 price levels in the coming weeks, according to the Elliot wave pattern, Fibanocci retracement, and trend line support levels.
Buy and Sale idea in nifty so be neutral in the market and wait for your setup
Buy and Sale idea in banknifty so be neutral in the market and wait for your setup
A probable direction that Fin Nifty could take on October 3/4. Let's wait to see it. Entry Level @ 19750-55
EJ is at the support level of 1H, it may bounce to the FVG level
#Based on my analysis, we've identified the utilization of Elliott Wave Theory concepts, encompassing Waves 1, 2, 3, 4, and 5, along with the corrective stages represented by Wave A, Wave B, and Wave C. #The market is currently in a position where it could potentially initiate a new bullish impulse, characterized as Wave 1. #This bullish move is contingent upon...
here, is the chart of Airtel... Formed Inverse Head & Shoulder...
2 ideas were emerged 1) it may be a triangle and gave a breakout and doing its retracement. 2) regular flat formation and C wave correction taking place. i will try to upload the second view in below comment else i will post a different chart.
This has a 2 wave formation in impulse. Either the 4th wave had irregular running flat the 5th wave had completed. If the 4th wave had triangle then the 1st wave in major 5th wave had completed and 2nd minor retracement had just over and getting ready for the 3rd minor ave in 5th major wave.
Elliott Wave Analysis:- View 1:- A fall was completed an impulse 1st wave seems to be completed and an correction 2nd wave seems to the impulse was taking place. If the high 18.85 was not broken then the previous low 8.50 have to break and we can accumulate around 5-7. which will be a safe bet. It has 70% govt holdings. only reason to touch this chart. if...
Elliott Wave Analysis A correction is taking place and A wave was completed and B wave was a triangle formation. If it break the 22.11245 then we may expect to 20.62285 - 21.27841.
"Good morning, friends! As of October 03, the global market sentiment is slightly negative (based on the Dow Jones), while our market trend is moderately bullish. It may open neutrally or with a slight gap down. The market structure suggests a ranging market, so it may move accordingly. On the other hand, if it breaks the range, either to the upside or downside,...
"Good morning, friends! As of October 03, the global market sentiment is slightly negative (based on the Dow Jones), while our market trend is moderately bullish. It may open neutrally or with a slight gap down. The market structure suggests a ranging market, so it may move accordingly. On the other hand, if it breaks the range, either to the upside or downside,...
"Good morning, friends! As of October 03, the global market sentiment is slightly negative (based on the Dow Jones), while our market trend is moderately bullish. It may open neutrally or with a slight gap down. The market structure suggests a ranging market, so it may move accordingly. On the other hand, if it breaks the range, either to the upside or downside,...