Nifty after making a recent swing low around ~18060, did a falling wedge breakout and made a swing high around 18420. Almost 350 points. It corrected from there to about 61.8% fibo level and made a swing low today around 18200. The pattern indicates that is forming a flag & pole pattern. Also, as a learner of EW; my wave count suggest that it was a wave 2...
BUY above high of brakeout candle 2180.05 with sl of 2130.95
BUY above high of brakeout candle at 551.05 with 1:2 minimum take profit sl of 539.95
BUY above high of brakeout candle at 796.05 with sl of 787.95 minimum 1:2 take profit
BUY above high of brakeout candle at 484.55 with sl of 465.35 minimum 1:2 take profit
BUY above high of brakeout candle with 1:2 minimum take profit,FLAG LIKE PATTERN BUY at 179.7 SL at 171.2
NSE:NIFTY is currently into subwave 4 (orange color) of larger wave 5 (blue color) of larger wave 3 (gray color). The subwave 4 (orange color) is most probably complete and we should witness subwave 5 (orange color) from hereon. Level around 18843 (red color horizontal line) should mark the end of larger wave 5 (blue color) and also larger wave 3 (gray color).
Sell below low of breakdown candle at 601.15 stoploss at 617.05
Buy above high of breakout candle at 307.8 stoploss at 299.95
Buy above high of breakout candle at 3500.05 stoploss at 3383.8
I am practising Elliott waves for last so many yrs, although I can't explain everything is detail why the wave 2 took so long to complete. Its not a surprise and there are genuine reasons for the same. For now I would prefer to keep holding and ride the 3rd wave. Once 3rd wave is complete we will see some correction, which is obviously 4th wave and then the final...
This can become a good selling zone. You can make it a good sell according to short time.STZ
BN has recently broken out it's life-time high and went higher at around 44500 by making a minor wave of last 5th wave. And, now it is correcting and reached almost 61.8% of its correction. I would expect it to recover from this zone. Or if it can't hold this level, it can go further down and bounch back from 70.7% fib level and the trendline.(very likely) Anytime...
Real Time Application Date - 29th May / 30th May 2023 Head & Shoulder has unfolded on 29th / 30th May 2023 for Bank Nifty Index & Neckline is already broken to downside & we are waiting for break below 44250 -which is another key support Disclaimer: The information provided in this update is for educational purposes only and should not be considered...
KAVA USDT PAIRS standing on support level if the price touch again support line the we can take a trade on it. Keep eyes on.
Coforge may give trendline breakout If sustain above 4510 Tgt 4540-4560-4600++ in very short term Keeping on radar coforge 4500 CE