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Wave Analysis

Bank Nifty Corrective Patterns: Triangle, Flat & W-X-Y-X-ZSummarized Points to Watch: 52,493 Level (Wave ((C))): If Wave ((E)) surpasses this level, the triangle pattern may fail. Lower Trendline Support: A breakdown below this trendline before completing Wave ((E)) could invalidate the pattern. Wave Length Symmetry: An imbalanced Wave ((E)) suggests potential pattern weakness. Volume Behavior: A sudden spike during Wave ((E)) may indicate possible failure. Internal Corrective Structure: Wave ((E)) should consist of three sub-waves to maintain pattern integrity. NOTE: Symmetry in sub-waves is crucial for a triangle pattern, meaning the waves should have balanced length and duration. If the wave ((E)) in your chart becomes too short or too long, it creates asymmetry that may question the pattern’s validity. If wave ((E)) ends abruptly without touching the expected trendline, it could also signal potential pattern failure. Flat Correction Pattern ( 3-3-5) in Bank Nifty This pattern comprises three waves: Wave A (3 sub-waves), Wave B (3 sub-waves), and Wave C (5 sub-waves), indicating a temporary trend reversal. W-X-Y-X-Z Complex Correction in Bank Nifty: This complex pattern involves five waves (W, X, Y, X, Z), representing a multi-phase consolidation, with Wave Z potentially signaling the end of the correction and a possible trend continuation. --------------------------------------------------------------------------------- Approaches to Catching Wave (C) Using the Patterns: Triangle Pattern: After the triangle completes, the impulsive Wave (C) generally initiates. You can look for an entry near the end of Wave (E) and monitor for confirmation with a breakout and increased volume. Flat Correction (3-3-5): In a flat correction, after Wave (B), which is a 3-wave structure, Wave (C) follows with 5 impulsive waves. Identifying the end of Wave (B) gives you the opportunity to capture the significant move in Wave (C). W-X-Y-X-Z Complex Correction: In this complex corrective pattern, the impulsive Wave (C) typically starts after the end of Wave (Z). Due to the complex structure, patience is essential, and confirmation usually comes only after Wave (Z) completes.
NSE:BANKNIFTY
by Trade-Technique
6
PIIND - TOP IS done?PIIND: CMP 4570 It appears that the TOP is done.. 5 wave impulse from 2014 lows of 130 levels seems to be over now.. Chart is attached with counts for easy understanding. On daily, diagonal is visible.. MACD crossover seen on Weekly TF with Double top/Divergence On daily, Harmonic Pattern could potentially play out as copied below.. Views are personal and for learning purpose only and not a BUY/SELL recommendation. I am not SEBI Registered.. Please consult your Financial Advisor for investment decision
NSE:PIINDShort
by Murthy_Santhosh
1
NIFTY INTRADAY LEVELS FOR 12/11/2024BUY ABOVE - 24250 SL - 24100 TARGETS - 24340,24420,24500 SELL BELOW - 24100 SL - 24180 TARGETS - 24030,23930,23800 NO TRADE ZONE - 24100 to 24250 Previous Day High - 24340 Previous Day Low - 24030 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:NIFTY
by Jagadheesh_JP
BANK NIFTY INTRADAY LEVELS FOR 12/11/2024BUY ABOVE - 52060 SL - 51800 TARGETS - 52230,52450,52600 SELL BELOW - 51800 SL - 52060 TARGETS - 51500,51270,51060 NO TRADE ZONE - 51800 to 52060 Previous Day High - 52230 Previous Day Low - 51270 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
#Banknifty directions and levels for November 12th.Bank Nifty Current View: It looks similar to the Nifty sentiment. If the market sustains the gap-up, it could reach a minimum of 52,093. This is a major resistance. After that pullback, if it rejects there, then it will close where it started the session. However, if it sustains or breaks this level, then the pullback will continue toward the level of 52,237 to 52,357. This is our first variation. Alternate View: The alternate view suggests that if the market declines and breaks the level of 51,736, then it could reach a minimum of 51,483 to 51,395.
NSE:BANKNIFTY
by Manickamtraders
#Nifty directions and levels for November 12th.Good morning, friends! 🌞 Here are the market directions and levels for November 12th. Market Overview: There are no significant changes that have happened. The global market is maintaining a bullish sentiment (based on Dow Jones only), while our local market is showing a moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on Nifty showing a positive 40 points. In the previous session, both Nifty and Bank Nifty had a solid pullback, but it didn't sustain, which simply means we are in a range market. Today's structure also indicates a continuation of the range market. Let's take a look at this in the charts. Nifty Current View: The current view suggests that if the market sustains the gap-up, it could reach a minimum of 24,288. This is a major resistance. After that pullback, if it rejects there, then it will close where it started the session. However, if it sustains or breaks this level, then the pullback will continue toward the level of 24,367. This is our first variation. Alternate View: The alternate view suggests that if the market declines initially, it could reach a minimum of 78% to the MDZ. However, it should break 24,076, then only can we expect these levels.
NSE:NIFTY
by Manickamtraders
ASHOKLEY - To hit 290 in the coming weeks?Ashok Leyland - CMP 222 The stock looks ready for a good upmove provided the recent swing low of 200 holds Wave counts and technical Patterns (Rounding Bottom breakout) everything points the target towards 290 for the short-medium term Refer to the chart for counts on various Degree/TF and Technical Patterns Vth of Primary 3rd is now underway. On hourly TF, price broke above the falling trendline and broke the LH/LL structure.. There could be one more dip towards 210 levels.. and thereby make a double bottom structure but this current impulse could take the script to AVWAP from the TOP at 230 levels.. A good script to consider for Dec/Jan series
NSE:ASHOKLEYLong
by Murthy_Santhosh
7
DXY - TRADE OPPORTUNITY ON SHORT SIDESymbol - DXY DXY is currently trading at 104.72 My reversal setup has formed in DXY & I'm seeing a trading opportunity on sell side. Shorting DXY at CMP 104.72 I will add more position if 104.45 comes & will hold with SL 104.75 Targets I'm expecting are 103.25 - 102.75 - 102.15 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
TVC:DXYShort
by akshit_official
Auto in focus Escorts CMP 3620 Elliott- This is a complex corrective pattern. Two zig zag corrective pattern separated by X which is also a zig zag. The current dip is wave 2 and is done. Wave 3 should begin from here which will be a strong upmove. Fibs- the halt at 61.85 from a higher swing is telling me the trend is intact and strong. RSI- the dip above the bull zone is telling me the stock has regained its strength. MA- taking support above moving average is again very positive. Conclusion - to me its a very very good buy here.
NSE:ESCORTSLong
by singh17vivek
EPL Ltd for 60% gains; best ever quarter resultsDate: 11Nov’24 Symbol: EPL Timeframe: Daily EPL (formerly known as Essel Propack Ltd) seems to be in Wave III of 3 which could extend to 400 levels (60% from current price of 250) as seen in the chart. Possible wave counts have been marked which will have to be reviewed as the move develops. EPL has posted best ever quarter sales and profits in Q2 today so a big jump may be seen tomorrow, 12 Nov’24. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Aisa lagta hai ki EPL (pehle jiska naam Essel Propack tha) 3 ki Wave III mein hai jo 400 ke star (250 ki vartamaan keemat se 60%) tak badh sakta hai jaisa ki chart mein dekh sakte hain. Sambhavit Wave numbering ko chihnit kar liya gaya hai jiski sameeksha chaal vikasit hone par kee jaegee. EPL ne aaj Q2FY25 mein ab tak ki sabase achchhee quarterly sales aur profit darj kiya hai, isliye kal, 12 Nov’24 ko ek bada uchhaal dekha ja sakta hai. Yah koi trade lene ya invest karne ki salaah nahi hai. Kripya apana vishleshan khud karein. Aur mujhe galat hone ka adhikaar hai.
NSE:EPLLong
by DhandhaPaani
GOLD ANALYSIS FOR 11TH NOVGold Analysis 4H: Price took demand as support, showing bullish intentions at this level. 1H: Likely to fill imbalances downwards, indicating potential for a pullback. 15M: Rejection noted from a key order block, followed by a break of recent lows and a retracement. Currently, price is positioned at a resistance level. Plan: Wait for price to break this resistance, then observe for a retracement to confirm an entry for a short setup. Targets (TP1, TP2) are marked for reference. Thank you for 200 followers! Like, follow, and comment for more in-depth analyses!
OANDA:XAUUSDShort
by priceactiongold1
3
Sharda Cropchem for 60% gainsDate: 11 Nov’24 Symbol: SHARDACROP Timeframe: Daily Sharda Cropchem seems to be in Wave III of 3 which is heading towards 1350 (~60% from current price of 800) as seen in the chart. Wave 3 could even extend to 1500 which can be reviewed after closing above 1100 in Wave V of 3. Recent Q2 results are good with better margins compared to last FY. This is not a trade recommendation. Please do your own analysis. And I have the right to be wrong. HINGLISH VERSION Jaisa ki chart mein dekha gaya hai, Sharda Cropchem 3 ke Wave III mein dikh raha hai jo 1350 (800 ki maujooda keemat se ~60%) ki taraf badh raha hai. Wave 3 1500 tak bhi jaa sakta hai; jiskee sameeksha 3 ke Wave V mein 1100 se upar band hone ke baad ki jaa sakti hai. Pichhle FY ki tulana mein behatar margin ke saath haal ke Q2 ke nateeje achchhe hain. Yah koi trade lene ya nivesh karne ki salah nahin hai. Kripya apna vishleshan svayan karen. Aur mujhe galat hone ka adhikaar hai.
NSE:SHARDACROPLong
by DhandhaPaani
Bitcoin vs Gold trade Battle:-As you can see Bitcoin and Gold chart . You can notice that both both charts are inverse bitcoin making every day higher high formation same time gold made its low and next days its recover almost half but next2 session gold are declining its prices but same time bitcoin made all time high . Conclusion:- Bitcoin have hardest resistance that now facing @ 82500$ there is 2 possibilities for btc . Consolidation for few days at least 5 days or fall down to 74000-76000$ area . Gold :-If BITCOIN gonna fall sharply than gold can rise and shine and also hold the level of 2700$ . Stay tuned for more updates and follow me .
by alokakhil