a support forming change in market structure on the lower time frame , filled the morning gap
support area liquidity taken from previous swing low , can expect a bullish move here onwards
solid support at 5min and alot of liquidity to the upside .
made a higher low took support showed possible buy side liquidity to the top after running sell side liquidity
liquidity has been taken from below any sign of rejection to the bearish side and a support forming , we can expect longs
at a 15 min supply level and Fibonacci .786, could expect a decent shortfall
hourly and daily candles are rejecting from the resistance zone , on lower timeframes also such as 1 min we can see resistance forming. hence could give us a profit booking and can revert the trend
Look at the confluence of Feb Ratios. The correction of the whole up-move of 6766 pts (From 37386 on 30th Sep-22 to 44152 on 14th Dec-22) is heading towards Feb 78.6% at 38860 and "c" is also heading Feb 123.6% projection of wave "a" (a=2560 )at approx 38860 (it looks like a-b-c correction) If it sleeps below 38860, the "c" wave of BN can go next to the 138.2%...
Long term Nifty counting based on Elliot Wave. Short term view is still bearish, but long term Bulls are intact.
enjoy your trading ...alredy redy to chart ..u start your conformation...
one hour time period chart Elliot wave analysis wave 1 downside complete 1,2,3,4or 5 and again go up wave a,b or c part wave 2 complete and again down wave 3 internal wave 1,2,3,4 or 5
Bank nifty strategy sell on rise may be in the range of 39000 to 40500 for tgt of 2000 points Just a view better consult a professional. Regards.
Bullish wolf wave on daily chart Trg-1: 1880 T2: 1925 SL 1768
"Trading day, March 15th: The global market indicates a positive start, with a moderately bullish nature. It may open with a gap-up. If the market sustains, we can expect a strong rally that will reach a minimum of 38% to 50% Fib level. On the other hand, if it declines initially, we can expect a minor correction."
"Trading day, March 15th: The global market indicates a positive start, with a moderately bullish nature. It may open with a gap-up. If the market sustains, we can expect a strong rally that will reach a minimum of 38% to 50% Fib level. On the other hand, if it declines initially, we can expect a minor correction."
"Trading day, March 15th: The global market indicates a positive start, with a moderately bullish nature. It may open with a gap-up. If the market sustains, we can expect a strong rally that will reach a minimum of 38% to 50% Fib level. On the other hand, if it declines initially, we can expect a minor correction."
The stock is currently in 4th wave consolidation. Break of 245 price may move for the 5th... minimum projection being 220 for the same. Lets see how this develops.
The structure indicating that the scrip in last leg of corrective phase - wave 2 Crossing Swing highs would make a valid Inverted Head & Shoulder Pattern - as the move in head was a clean 5 wave structure. A probable Trend reversal on long term chart. We would be looking to have a starting position on green closing (daily TF) and add as and when the swing high...