RUNE bullish ideaMaybe we are not in a leading diagonal but a sub wave 5 within wave 3
so then we should go make a new high without any new lows
Wave Analysis
Top 3 Stocks for Positional & Swing Trading | October 2024 I daily make educational content videos for swig / positional trading
Reversal in Nifty?If the recent of Nifty holds and market goes up, it will go maximum of 50% of recent fall.
Here, recent fall is considered as wave A of Zig-zag. Hence xurr reversal is wave B of it, and maximum target for this wave B is 50% of wave A.
This analysis is for educational purpose only.
Nifty 50 levels as per Elliott wave theory.Nifty 50 levels perfectly moving as per the Elliott wave theory.
Paras Defense Long PositionalHammer formation at weekly 50EMA, 50% Fib retracement. Price likely will enter 3rd wave on monthly. Targets as per Elliott Analysis. SL below hammer low
Bitcoin next move , for a short period Bitcoin looking bearish from this point and from today it may change to downtrend for short period of time. this short move can be of minimum 6000 points move to doenside.
SURYODAY SMALL FIN BANK BY KRS ChartsDate:23rd Aug 2024
Time: 9:26 AM
WHY SURYODAY❓❓
1. All overview, Stock was in Consolidation for long time since listed and in Jun 22 it made lowest low , after that it is in continues HH HL pattern.
2. Wave Count is visible perfectly and it is in 3rd leg of 5th wave as we can see in above chart.
3. 100 Ema is right underneath in Hourly and Daily TFs
4. Today it has broken the resistance of Flag pattern and likely to sustain above it.
5. In bigger picture, Suryoday is making Upside channeling
Natural gas downtrend start from 243 ,220,214,206 199 Target 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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper sell on rise until 868 not break Target 835,824,806 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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Crude buy given from 5915 yesterday booked profit sell startDisclaimer -
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold sell on rise start 2596 1st Target ,2565 2nd Target 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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
We are holding sell trade from 31.80 ,30.95 ,30.15 Target 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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
We are holding sell trade from 31.80 ,30.95 ,30.15 Target 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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
We are holding silver sell trade from 92350 ,89200,87300 Target 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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Today banknifty will make bottom and start fresh rally avoid selBanknifty Nifty will open flat to slightly negative then some points down after that rally will start today nifty will make bottom and start fresh rally
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Nifty today will make bottom and atart fresh rally avoid sell Nifty will open flat to slightly negative then some points down after that rally will start today nifty will make bottom and start fresh rally
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ntpcthis stock shows HH/HL in weekly and daily TF,it may retest at the level 400 and might shows continue in uptrend
#BANKNIFTY #BANKNIFTYANALYSIS #NIFTYBANKBankNifty Analysis:- BankNifty is running divergent on hourly. It will take dip by tomorrow or day after tomorrow. Supports are marked post correction we will rise for last time before going into major correction. If it takes 1st support, target of top is marked accordingly.
Nifty correction levels before next move
Statement -
As speculated in my last idea , Nifty started correcting from 26000 - 26300 area .
The rally started from Mar 2020 and extended 100% till above mentioned area and started correcting ( only price action , reasons can be anything ...high valuations, state elections exit polls, new China recovery story, geo political tensions , Israel warning that it will hit oil refineries etc etc....which we don't need because it's markets duty to factor it in, we only follow and speculate where market might go)
Arguments -1) It might be looking very tough to analyze where market is heading but one simple rule of PITCHFORK will give you the answer.
2) The Pitchfork used in the chart is Andrew's pitchfork ( using 2008 low , following high and 2020 low) .
3) Price rejecting from the upper line with a confluence has to return to median ... simple as that.
Price extended 100% from March 2020 and hit extended pitchfork upper line ----so it has to return to median which is ~23656 by Jan 27th 2025 .
4) Timing might be off but price should come around that area which is also 50% retracement area from June 2024 elections low. Time also aligns closely with Feb 1st Budget day .
Conclusion - I feel we entered correction state and its gonna last for 3-4 months). Based on the time frame of correction, market will be in a complex correction of Zigzag, flats and triangles to results in a WXYXZ correction. Markets will be bearish to sideways in coming months.
This is only for educational purpose and an idea on how market geometry works in higher timeframes using technical tools to find confluences in support of price action.
Cheers!!!!
Happy Trading.
bank nifty on 08 oct 2024 for education only
Recommendation: On Daily Chart Basis
On Bull side of Daily Chart
Buy at / above: 50512.56
Targets: 50543.48 - 50599.68 - 50655.92 - 50712.19
Stoploss : 50456.39
On Bear side of Daily Chart
Sell at / below: 50456.39
Targets: 50425.45 - 50369.31 - 50313.2 - 50257.13
Stoploss : 50512.56
Growth versus value.Significant shift of Fii positions from Indian market
to chinese market has dragged Nifty below 25000.
Bank nifty just not faraway from violating 50000.
Recent surge in bank nifty was expanded flat.
In that case it can go below A.
The recent fall in bank nifty is C wave only.
C wave completes in 5 waves.Bank nifty has touched 23.6 percent today.
Probability of going down to 38.6 percent level is there.
Normally 4 th wave retraces 38.6 percent.
In that case also bullish ness of bank nifty will not be gone.
As long as 4 th wave does not enter in to the territory of 1 st wave.
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Upl confirms bearish trendAfter reached the previous target, The bat pattern is forming in UPL. Next buy region is the D point. I expect that price will fall upto D point. This is for educational purposes only.
