Get started

Wave Analysis

Nifty ABC Correction, upcoming bear moveNifty completed A Wave and has already given a retracement of 50%. It is near the next selling zone around 24800-25100. The bounce seems to be wave B, MACD line touched 0 line. With heavyweights like RIL, ITC looking weak on weekly timeframe. View invalidated above 25150. Target for wave C looks around 22000 with trend-based fib extension tool and considering wave C to be equal to the target of '1'. Expecting nifty to be bearish for Jan-Feb 25.
NSE:NIFTYShort
by ShubhankarK
BANKNIFTY: INSTITUTIONAL LEVELS FOR 16/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
NIFTY50: INSTITUTIONAL LEVELS FOR 16/12/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:NIFTY
by tony_fx_sm
#Nifty directions and levels for December 16th.Good morning, friends! 🌞 Here are the market directions and levels for December 16th. Market Overview: The global market is showing moderately bearish sentiment (based on the Dow Jones only), while our local market displays bullish sentiment. Today, the market may open with a slightly gap-down start, as the Gift Nifty is indicating a negative 100 points at 8:00 AM. In the previous session, both Nifty and Bank Nifty moved in two directions; however, by the end of the day, they closed with a solid rally. What about today? > As per yesterday's structure, if the market takes a pullback initially, we can expect further continuation with some consolidation. > Additionally, open interest (OI) and the RSI indicator support this outlook. > However, if we look at this from a broader perspective, it seems we are in a range-bound market. > Therefore, until the market breaks the 38% Fibonacci level on the downside, we can consider this a bullish market. However, if it breaks below this 38% level, we should approach it as a range-bound market. This is the basic structure; let’s explain this in the chart. Both Nifty and Bank Nifty share the same structural sentiment. Nifty Current View: The current view suggests that if the market takes a pullback after the gap-down start, we can expect the rally to continue. However, confirmation should be considered from an effective break of the 24797 mark. This is the basic structure. Alternate View: The alternate view suggests that if the market sustains the gap-down and breaks the 24702 mark, it could reach a minimum of 23% to a maximum of 38%. Structurally, it won’t break 38%. However, if it does break, then it will reach the 50% and 78% Fibonacci levels in the recent swing. Simply put, if you find a three-wave structure while it reaches this level, we can expect a bounce back, which indicates a bullish structure. However, if it reaches the 38% level in a straight line, it will likely continue further once it breaks the 38% mark.
NSE:NIFTY
by Manickamtraders
#Banknifty directions and levels for December 16th.Bank Nifty Current View: This also looks like the Nifty sentiment; if the market takes a pullback after the gap-down start, we can expect the rally to continue. However, confirmation should be considered from an effective break of the MSZ mark. This is the basic structure; until this zone is broken, we can expect minor consolidation. Alternate View: The alternate view suggests that if the market sustains the gap-down and breaks the 53450 mark, it could reach a minimum of 23% to a maximum of 38%. Structurally, it won’t break 38%. However, if it does break, then it will reach the 50% and 78% Fibonacci levels in the recent swing. Simply put, if you find a three-wave structure while it reaches this level, we can expect a bounce back, which indicates a bullish structure. However, if it reaches the 38% level in a straight line, it will likely continue further once it breaks the 38% mark.
NSE:BANKNIFTY
by Manickamtraders
BANK NIFTY INTRADAY LEVELS FOR 16/12/2024BUY ABOVE - 53670 SL - 53500 TARGETS - 53890,54150,54400 SELL BELOW - 53350 SL - 53500 TARGETS - 53170,52970,52800 NO TRADE ZONE - 53350 to 53670 Previous Day High - 53670 Previous Day Low - 52270 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
EURUSD Next possible move SAXO:EURUSD Here’s a detailed description for today’s bullish outlook in EUR/USD: --- ### **Title** *"EUR/USD Intraday Analysis: Continued Buy Momentum | Euro Bulls in Control"* #### **Market Context** *"EUR/USD sustains its upward trajectory as improved risk sentiment and a softer U.S. dollar favor the bulls. Eurozone economic resilience adds to the pair's bid tone."* #### **Technical Analysis** *"Today’s buy entry is supported by the following factors: - **Trend Structure**: Higher highs and higher lows confirm the ongoing uptrend. - **EMA Dynamics**: Price remains above the 20 and 50 EMAs, signaling strong bullish momentum. - **RSI**: Holding above 55, pointing to sustained buying interest. - **MACD**: Positive histogram bars are widening, affirming the bullish bias. Key Levels: - **Support**: 1.0540 (intraday), 1.0510 (key support zone). - **Resistance**: 1.0580 (initial target), 1.0600 (psychological barrier). A breakout above 1.0600 could accelerate gains."* #### **News Context** *"Upcoming: Eurozone Retail Sales and U.S. Services PMI may drive intraday volatility. Previous: A weaker U.S. dollar on dovish Fed commentary and robust Eurozone data lifted EUR/USD."* #### **Call to Action** *"Can EUR/USD maintain its bullish momentum and challenge higher resistance levels? Share your insights and setups below!"* --- Let me know if you’d like any modifications or additional details!
Long
by RBSBALA
Time Analysis - Elliott Wave combinationSWAN ENERGY LTD is in impulse now. In the daily chart of SWAN ENERGY LTD, Flat Correction is getting over and the price is entering in impulse now. This can be said if we combine Time analysis with Elliott wave counting. The detailed counting of this Flat Correction can be seen in the chart above. The 0-B trendline is broken in half time of wave C time. (We can see wave C took 59 bars to form and after that, the price breaks above the 0-B trendline in just 30 bars) According to the rule, the Flat Correction is over and the price is in impulse now. The price will go to 127% for sure here, which gives us a price level of 875.45. This analysis is based on Elliott Wave theory and Fibonacci with time analysis. This analysis is for educational purposes only.
NSE:SWANENERGY
by theprofityogi
SHIB CUP AND HANDLEW The cup and handle is a bullish continuation pattern that indicates a period of consolidation followed by a breakout to the upside. It resembles the shape of a tea cup with a handle. Here’s a quick breakdown: Cup: The price declines, forms a rounded bottom, and then rises back to approximately the same level as the decline started. Handle: Following the cup formation, the price moves sideways or slightly downward in a consolidation phase, forming the handle. Breakout: The pattern is complete when the price breaks out above the resistance level formed by the rim of the cup.
BINANCE:1000SHIBUSDT.PLong
by Faizgazi
IRCTC - Can the upward momentum begin now?IRCTC - Can the upward momentum begin now? CMP: 835.45 TF: Daily The count marked in BLUE is the primary one. I have also tried my best to mark all the internal subwaves too. Observations: Primary 1-2-3 are done and the 4th wave almost reached the 0.618% retracement level. (Although 0.38-0.5% is the preferred limit for wave 4) However, the invalidation point is TOP of WAVE 1, which is, 774.90. Price reversed from 783 and inching higher. From positional investment perspective, the risk vs reward ration is very good/attractive at this level (SL at 770) Price brokeout from the falling trendline as well. I have an interesting observation on this counter, which, I will share in a different post shortly. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
NSE:IRCTCLong
by Murthy_Santhosh
Consolidation or Distribution DLF CMP 871 Fib - though the correction has halted at 38.2% from a higher swing which is strength. There is one very major point to be noted. the time correction is very long and that is not good news. Trendline- the break of the trendline and retest is telling me to be careful. RSI- every rally is unable to move above the bear zone. this is again negative. Therefore the negative divergence on the highs should be taken seriously. Conclusion - to me this consolidation is distribution.
NSE:DLF
by singh17vivek
TATA POWER - Short & Long Term View- Wave AnalysisTATA POWER CMP: 428.45; RSI: 50.05 TATA Power in Primary bull cycle & in mid of impulse wave-3 in weekly chart basis. This, Primary Impulse wave-3, should take the price to levels of 646 (1.618x) in next 8-10 month of time frame. While wave within the wave, on shorter time frame, on daily chart frame, its middle of intermediate corrective wave-4, which may retrace the price till 365 to 330 levels in coming 3-4 months. Value Buy level : 330-365; Accumulation zone: 330-390; Mid term target (Q1 FY: 25-26): 600-650 Long Term Target ( 3-4 Yrs): 850-900
NSE:TATAPOWERLong
by DrPrashantVerma