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Wave Analysis

Nifty View Hourly | Next movesNifty 50 as we expected rotated between 24000-24500. Today it went to 24000. Case 1: abc of B in progress and b completed near demand zone. As shown in red. Now reversal of c can come. Reversal candles with RSI signals can confirm. Case 2: abc of B completed already at a and Now C in progress. As shown in blue lines B to C. Below 23900 can confirm further drop towards 23500 and maybe to 22900. Disclaimer: Not a buy, sell recommendation. Only for educational/ entertainment purpose.
NSE:NIFTYShort
by IMStockwala
NIFTY INTRADAY LEVELS FOR 28/11/2024BUY ABOVE - 24340 SL - 24250 TARGETS - 24420,24500,24600 SELL BELOW - 24250 SL - 24340 TARGETS - 24180,24100,24000 NO TRADE ZONE - 24250 to 24340 Previous Day High - 24340 Previous Day Low - 24100 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
5
BANK NIFTY INTRADAY LEVELS FOR 28/11/2024BUY ABOVE - 52270 SL - 52060 TARGETS - 52450,52600,52800 SELL BELOW - 52060 SL - 52270 TARGETS - 51800,51500,51300 NO TRADE ZONE - 52270 to 52450 Previous Day High - 52450 Previous Day Low - 52060 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:BANKNIFTY
by Jagadheesh_JP
2
#Nifty directions and levels for November 28th.Good morning, friends! 🌞 Here are the market directions and levels for November 28th. Market Overview: The global markets are maintaining a bullish sentiment (based on the Dow Jones only), and our local market is also exhibiting a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, based on the Nifty showing a positive 30 points. "There were no significant changes in the previous session. Both Nifty and Bank Nifty remained in consolidation yesterday as well." What about today? We are still within a range, so until we break out of this range, we shouldn't expect a significant move. However, some bullish patterns are forming, such as the flag pattern, cup and handle, and a triangle breakout structure. These indicate that if the market breaks the range, it could lead to a solid movement. Conversely, on the downside, flat patterns are forming, suggesting that if the market declines, we can expect further range continuation. Let’s explain this on the chart. Both Nifty and Bank Nifty are showing similar structural sentiment. Current View: The current view suggests that if the market declines, we can consider it a flat pattern, which means the range market will likely continue. Usually, flat patterns indicate a time correction, so even if the market declines, we can expect a pullback around the demand zone. This is our first variation. Alternate View: The alternate view suggests that a bullish cup and handle pattern is forming. If the market breaks above the top of the range, we can expect a rally continuation. However, we should note the breakout structure: if it breaks the range with a solid candle, we can expect a rally with some minor consolidation. On the other hand, if it breaks the range gradually, it may not rise significantly.
NSE:NIFTY
by Manickamtraders
4
#Banknifty directions and levels for November 28th.Current View: The current view suggests that if the market declines, we can consider it a flat pattern, which means the range market will likely continue. Usually, flat patterns indicate a time correction, so even if the market declines, we can expect a pullback around the demand zone. This is our first variation. Alternate View: The alternate view suggests that a bullish cup and handle pattern is forming. If the market breaks above the top of the range, we can expect a rally continuation. However, we should note the breakout structure: if it breaks the range with a solid candle, we can expect a rally with some minor consolidation. On the other hand, if it breaks the range gradually, it may not rise significantly.
NSE:BANKNIFTY
by Manickamtraders
BANKNIFTY: INSTITUTIONAL LEVELS FOR 28/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:BANKNIFTY
by tony_fx_sm
NIFTY50: INSTITUTIONAL LEVELS FOR 28/11/2024Overview This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets. Key Strategy Guidelines Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning. Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions. ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk. System Explanation This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach. How It Works: Entry/Exit Signals Blue Line : Signals potential long entry. Red Line : Indicates potential short entry. Tip : Align these signals with additional confirmations from your trading strategy for optimal performance. Stop Loss and Take Profit Levels Stop Loss: Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line. Short Trades : Use the blue line above as the stop loss. Take Profit: Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit. Short Entries :Target the next blue line below following similar guidelines. Timeframe Recommendation This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision. Risk Disclaimer Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance. Join the Community Discussion Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders. Original Content This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
NSE:NIFTY
by tony_fx_sm
Is correction over in MCX?In the 75-minute chart in MCX, we can see that flat correction is going to be finished. This can be expected as the 0-B trend line breaks in less than half a time. (See that the lowest point from the trend line is formed in 25 candles, and the trend line is broken in 10 candles.) This is the primary indication of the end of correction. A risky buying opportunity exists at the current market price. The stop loss for this will be below the end of wave C, i.e., below the 5820 level. This is not a buying recommendation. Please always do your own research before you take any trade. This analysis is based on Elliott wave theory and Fibonacci. This analysis is for educational purposes only.
NSE:MCXLong
by theprofityogi