Banknifty as well as nifty might correct 20-25% in coming 15-18 months. Correction might start before general election results. This time market will not wait for the general election results. It will start viciously doing price correction between MAY24-SEP24 and will be a slow time correction in later time i.e. OCT24-OCT25 Better hedge you portfolio and sit with...
Hello Everyone Its been long since my last update, as in current chart i am only going to talk about long term view. I have been talking about up cycles since 23rd january 2023, you can see this in my below chart. Bank Nifty update on 23/01/2024 What now i expect market should move upward making blue degree which is called medium...
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 (1),(2), (3), and (4), which are shown as blue numbers on the daily chart. Wave (5) appears to be underway at this time and might reach a maximum...
The last leg of correction seems to be over in AU small finance bank. From here on a good rally could follow. Will keep you guys posted as the wave progresses
Date - 1st March 2024 Rico has already breached All time high price level which was 114 Rs. Expecting huge target of 220 from current price 115 of Cup & Handle pattern. Wave Count also in Favour 5th leg on monthly timeframe is still remaining. for the safer side majority of your entry should be on retest that shown in chart. 5ema is also supporting on...
Symbol - BANKNIFTY BANKNIFTY gave a breakout of ATH & touched 49000 level & then exhibited some profit booking due to global news flow. It is currently trading at 47335 which is a good support area. I think BN will take support at these levels & will show a reversal from here. Hence I am creating long positions in BN futures at CMP 47335. I will add more...
TCI Express CMP 1037 This is a zig zag corrective pattern and should complete its wave c around 890. It will also get support from the trend line below. All in all this is a zone of strong support and a high probability reversal zone. We will look for reversal signals here to buy this counter.
Today, we're going to take a deep dive into the technical analysis of Bharat Dynamics Limited ( NSE:BDL ), a government-owned company in India. 📈 Breaking the Rectangle Pattern 📈 On April 24, 2024, BDL broke out of a Rectangle pattern that was formed after making an all-time high. This rectangle can be interpreted as a Re-accumulation in stage 2. 🎯 New...
In the longer time frame, the stock seems to be in Wave 5 that could lead to about 1000+ levels. The present level (620) is part of Wave III that may culminate at around 880 which is also the 1.618 fib level as seen in the chart. This doesn’t mean that the rise will be a straight line. The zigzag move may take some time but even if it takes 6 months or more to...
At 4hr TF the USDCAD is at 200EMA support, the short term trend has been into negative biased. At 1hr trading below 200 and the PA at 1hr and 4hr is continuing to be negative. Expectation is we might break 200 Ema at 4hr TF and test 1.3530 levels again.
Strong momentum 10/15 may Target 4000/4200🎯 go long for 5500/6000 Monthly candle 5/6.
A.O.A And Good Morning to All Brothers and Sisters! As Expected Yesterday Weekly Candle Closed Under Our Yellow Area. And On Monthly TF We Have Just 2 days. If Price Reverse From Here Then Price Can Bounce Back. But if Close under Yellow Area. Then Second Reversal Point Is Our Next Target. Updated Reversal Point now Is 54142. To Know Better on Daily TF. There...
Ultratech CMP 9875 The stock is in a strong bull trend. In my view the correction is done. Any pull back will be an opportunity to buy. In my view this counter is headed for 11260 and 12500.
ABFRL after correction it is about to cross wave 4 and ready for 450 Get Ready
Continues high to high I see rocket pattern gold it’s bullish trend .just trapped sellers and price consolidation..
BSE CMP 2764 Negative news flow has brought a deep correction in the counter. Technically the stock is in a strong bull trend. Todays correction has brought the counter back to breakout zone which will act as support. Break below this will be very very negative. In my view the correction is done.
here is my analysis of bit coin ; what do you think about it ? it gonna start its journey to 100K mark
IDFC First Bank CMP 80.50 The counter is down 5 % today, which is the quarterly results impact. Technically this stock is exhibiting strength. The correction to 75 was 38.2% from a higher swing an indication of strength. Hence todays correction is a buying opportunity. T1 is 112 T2 -135