The price hit both horizontal resistance and falling trendline resistance in a clean 5-wave move. Is it start of (3) rd wave - we will see. In the short term, any dip through the anticipated path could present a good RR entry (near 1140-1160), as it will also complete right shoulder of the Inv H&S. Looks like IPL fever is here to stay for the scrip. Lets see...
Current market movement looks like a beginning of a downtrend according to Elliott wave theory. A small pullback taken by the market and from point A it's taking resistance. confirmation of downtrend would come if point B breaks and market continues to rally down.
#Reliance forming #Inverse Head & Shoulder pattern open for targets of 2600+ Dear Readers, How to identify Inverse Head and Shoulders An inverse head and shoulders pattern is comprised of three component parts: After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls again to form a second trough...
Attached: HEROMOTOCO/ NIFTY AUTO Weekly Chart as of 28th April 2023 The Chart is Clearly indicating a Terminal Wave in the form of an Ending Diagonal with a Massive Bullish RSI Divergence So long Hero MotoCorp has been ignored by the Market and Underperforming within the Auto Index Get Ready Now because the Stock will see a Change in Trend from Down to UP and...
At this moment nifty displaying strong upside momentum and as per Elliott wave count it has created a confusion about completion of wave 4. The analysis suggests that we are going through an irregular ABC correction in which we are in wave c position of the primary wave B which should complete in the harmonic confluence zone 18180-18202. This wave personality...
Attached: HEROMOTOCO/ NIFTY 50 Weekly Chart as of 28th April 2023 The above Ratio Chart also called a Relative Strength Chart shows that the Stock HEROMOTOCO is set to Outperform the Index Nifty 50 and has given a Buy Signal on this Ratio Chart based on Elliot Wave Theory Wave 1/ A was a 5 wave Impulse Ratio retraced to 0.786 in Wave 2/ B as a 3 wave...
Attached: HDFCBANK/ NIFTY 50 Weekly Chart as of 28th April 2023 The Chart above shows Potential Underperformance lies ahead for HDFC Bank. Investors are better off Avoiding/ Exiting the Stock unless they want to Underperform the Broad Market from here onwards. No alpha is to be made by Holding on/ Buying the Stock at the Current Price This Ratio Chart points...
This is Banknifty 15 Min Chart Timeframe , Try To understand habits of the market.
As you can see in the chart bank nifty follows a double bottom to make an uptrend and it continues following the previous downtrend line at this point may be it can show us some consolidation or correction soo take your step carefully.
NIFTY50.NSE option pcr is overbought , 18133 is key level, which is also the end of ew5 . one can take short positions from here with sl of 18133. disc . not recommendation.
IT Will Retest the Supply to Go Further Down Currently Correction Buy Will Happen on Monday & Tuesday for Impact on Wednesday
It Will correct more then Strong buy will start lets keep buy on Dips
Dxy has Heavy pressure to fall to 87.00 Before that Some corrections possible the will Fall again
EURUSD Focusing Sell Big from Major Sell Zone 1.11250-1.11650 OR Can Possible Sell on rise Next Week
Price is near support and previously we took support in this zone so expecting bounce from this zone. keep in radar.
Wave 5 of higher degree that may be wave 3 or C, is unfolding in ED. If it's so, than we can see sharp decline which may go to upto 42000 levels, as it is known that if wave 5 ended in ED than it Retraces fully.... Invalid Above 43500
NSE:BANKNIFTY1! ✅ #BANKNIFTY trading above Resistance of 43175 ✅ Next Resistance is at 44200 Related charts: Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose...
I expect big bull move in BIOCON SUP: 191/12 TARGETS: 485, 612-666-778, 960-1029, 1142, 1298, 1435-1505