In above 30 min chart of banknifty we have given elliott wave count. Banknifty made high near 44499 and when it made high that time macd and rsi both shown negative diversgence which given a hint of coming correction in banknifty. This correction is started in form of wave ABC which seems completed near channel support of 43345 where macd and rsi both...
Nifty has been climbing higher & higher even though people are predicting a fall since long time. Market has few highs to be captured and till then I believe Nifty will continue its journey. Currently it is in the last leg of the uptrend and working on sub wave v of sub wave 5. Sub wave 3 was not extended wave and hence sub wave 5 is extending above .382...
"Good morning! As of June 28th, the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib level of 38%, it might turn the range market into a correction."
"Good morning! As of June 28th, the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib level of 38%, it might turn the range market into a correction."
"Good morning! As of June 28th, the global market is showing a positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a minor correction for rally continuation. Alternatively, if the correction breaks the Fib level of 38%, it might turn the range market into a correction."
Sell below low of breakdown candle at 1578.95 stoploss at 1606.05
Buy above high of breakout candle at 512.35 stoploss at 484.15
Buy above high of the breakout candle at 3322.05 stoploss at 3286.45
Buy above high of breakout candle at 1515.05 stoploss at 1474.65
Buy above high of breakout candle at 1292.05 stoploss at 1235.95
Sell below low of breakdown candle at 399.4 stoploss at 418.75
Buy above high of breakout candle at 725.35 stoploss at 696.55
Sell below low of breakdown candle at 120.85 Stoploss at 122.35
Buy above high of breakout candle at 328.05 stoploss at 311.95
Buy above high of breakout candle at 213.35 stoploss at 194.4
Sell below low of breakdown candle at 14.7 stoploss at 15.55
Buy above high of breakout candle at 282.05 stoploss at 269.95
Sell below low of breakdown candle at 56.95 stoploss at 55.1