New rise only on crossing 512 and 550 If so we are heading to 622
#AmbujaCement, forming a bearish triangle at 15Min timeframe. Where, Wave A is 1.618 of Wave C and Wave C is 1.618 of Wave E. 4 to 5% move is expected to downward from here with a Sl of 435, which gives a risk reward ratio of 1:4.
Banknifty was diverging with Nifty50 early in the day. When N50 was rallying till 10AM, BN was just holding ground unable to go up. The fall that followed was when both of them had correlation. BN was showing weakness yesterday also, esp in the 14.05 to 15.10 move yesterday. Today BN after opening gap down could not even climb back to yesterday's close level. 3...
Nifty hits an all time high of 19523.6 at 10.00 today, this was after we opened gap down and then had a series of powerful green candles. The surge that took N50 higher was so special that if you looked at 10.00 AM you would never have thought of going short. Opening gap down was due to the handout from the global markets & it was expected. but the 102pts rally...
The analysis represents personal opinion. Market is risky Business and this should be taken as advise/informational/educational purpose only. I am sideways to bullish for next week..
BTC TRADE SETUP, market is bullish but touched the resistance and gonne be take pull back we can apply on short trade .
HDFCLIFE - BUY with SL 630 and Target 690/715/750+++
Maruti has completed Wave 1 & 2 in clear impulse & pulled back in ABC correction now Wave 3 has already started minor wave 1 of 3 is complete now holding 9740 Maruti should head towards 11000.
Gold if weekly close below 1900$ it would mean a ending pattern with a triple top at 2075 which could mean a multi year highs & a long correction lets wait & see how price unfolds.
GM Guys. 4.Binance FUD again! Bears still have full control of #Bitcoin. Spot buyers are still declining. Looking for short around yPOC. Last day of work before the weekend, Happy Friday! Previous day: VAH: $30721 POC: $30264 VAL : $29942 Date: 7 July 2023
MATIC 1-hr. Chart Analysis As per hourly chart movents of MATIC forming pattern of Bearish Pennant, within 12-24 hrs. it will be goees more bearish upto 64-62 cents minimum or maximum upto 60 cents. Always #DYOR & Trade wisely by using #StopLoss MUST LIKE & SHARE it...
Intellect Design has a impulse rise in wave 1 & has now pulled back to 40 EMA average holding this on closing basis will be important for next powerful Wave 3 rise.
Nifty has made complex irregular structure of internal Wave 5 and has completed internal 5th wave of Sub-wave B which is of Major Wave 4 i.e. upto 38.6% level @19421 by abc pattern (irregular pattern). I am expecting a sharp fall in the month of July, August & September.
Nifty has completed its 5th wave upto 38.6% level @19421 and now, there is RSI divergence in monthly time frame at this level looking same divergence as before Corona Period and Sharp fall occurs at that time also. At this time also RSI divergence is there in monthly time frame and USDINR is on the verge of breakout of a Bullish Penant pattern and therefore, I am...
Nifty has completed internal 5th wave of Sub-wave B which is of Major Wave 4 i.e. upto 38.6% level @19421 and now, there is RSI divergence in monthly time frame at this level looking same divergence as before Corona Period and Sharp fall occurs at that time also. At this time also RSI divergence is there in monthly time frame and USDINR is on the verge of...
Nifty has completed Major wave 4th @ 15183.40 on June 17, 2022 and now, after breaking out RSI divergence is over. Now, Nifty is in Major 5th Wave and completed its internal wave 1 and wave 2 and started wave 3 which has target of 22693. But before that Nifty will make correction upto 18690 in July month as Nifty is overbought.
DEEPAK NITRATE nearing to buy levels, (pullback )