A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
Exciting Session on 16th March 2023 unfolded with a temporary bounce from day lows of 38613 towards 39300 approx & a fall back to 38750 approx without making a new low or breaching below 38613 - puts strong case of truncation. Truncation is rare to happen suggesting that ongoing trend could abruptly halt in between & take a sudden reversal which could be possible...
In the above chart, the price action goes like this. 1) 50-60% Fibo retracement zone - Stock after a substantial fall getting lots and lots of demand from this zone 2) Its fibo retracement - Used from a swing low to swing High 3) Its called a counter trendline - stock currently getting demand on the extended CT, as a result of breakout and bigger time frame...
Biocon monthly wave 1,2,3 complete and wave 4 process and again go upside wave 5 Wave 1 complet 23 month or return upside 463.17% Wave 2 down side time 20 days or 138% return Wave 3 upside time 102 month or 1814% retun Wave 4 down side 27 month or 270 point down
After a big fall of 2540 points from 41671 highs as expected in the last video published on 1st March 2023 - Are we done with the current impulse? Let us check out the simplest method of price confluence which is initial wave = final wave in the impulsive structure Wow!!! Indeed that's the case as we see over the video. 39132 could be most important low & if...
Nifty wave wlliot theory explained for comming session . lets read & undersatand it
resisting from a 30 min resistance , expected to make a higherlow and then continue to the upside
market had come into a bullish trend , given a CHOCH, potential longs till previous highs
"Trading day, March 16th:The global market is indicating a neutral start, but the market's current trend is bearish. It may open with a slight gap-up, but if the market breaks above the EMA 20, we can consider that the market may reverse its trend from bearish to bullish. On the other hand, if the market declines sharply at the beginning, then the correction will...
"Trading day, March 16th:The global market is indicating a neutral start, but the market's current trend is bearish. It may open with a slight gap-up, but if the market breaks above the EMA 20, we can consider that the market may reverse its trend from bearish to bullish. On the other hand, if the market declines sharply at the beginning, then the correction will...
"Trading day, March 16th:The global market is indicating a neutral start, but the market's current trend is bearish. It may open with a slight gap-up, but if the market breaks above the EMA 20, we can consider that the market may reverse its trend from bearish to bullish. On the other hand, if the market declines sharply at the beginning, then the correction will...
The Nifty chart plotted on a Monthly basis. Let Me ask you all 1 single question.... How Many of you here would panic to BUY/MAKE a portfolio at this level????? Considering that the Rock Bottom figure I have projected to the downside is 16550 odd ????? You are just 400 points AWAY from your RISK/REWARD ratio..... Think and Think again. I personally started buying...
NSE:BAJFINANCE 1. ITS FRACTION THEORY - 2. Fraction theory Valid till SL safe. Plus not recommended to achieve all target to each n every time. 3. Major Demand Zone Break than More n more bearish side open. 4.till Major Demand Zone hold - it can change trend any time base on results/news. 5. Best part Risk ^ rewards.
if nifty 50 takes todays lows we can see buy setups on nifty 50 till the middle of the market opening gap , 15 min liquidity needs to be taken out and deflect from support