Near to break out Closing above 222 level, 235 - 238 level possible
Elliot wave analysis. The impulse waves are completed on the downside. Waves 1 and 5 were equal in length, and wave 3 ran 1.68 times wave 1. Today we saw corrective wave B, approximately 0.78 times wave A in nifty, 0.618 times in Finnifty, and 0.5 times in bank nifty. All these waves correlate well with Fibonacci levels. A decent C wave correction can retrace...
This Stock has done a golden ratio correction of the rise from Covid bottom & we have seen a 5 Wave rise from lows. The rise from covid lows to highs was a clear impluse & correction was in 7 Swings which makes it a ideal Wave 2 ending exact at 61.8% levels so if the stock is starting Wave 3 we might see this stock do a 5x. I am not a SEBI Registered analyst...
Sugar as sector is also looking strong & Wave 3 of 3 is about to start a day close above 371 will confirm any pullback to 348 levels will be good long trade. I am not a SEBI Registered analyst chart shared for education purpose.
BN is probably making ABC Wave where we're on the C wave and most likely we're heading towards 42200 lvl. Like and comment if you agree.
Expiry Week Outlook- A Short Video. Thanks Impulsive sequence unfolding from the tops of 44151 on 14th Dec 2022. From Budget day - 1st Feb 2023, Index has been doing a roller coaster moves so we need to be careful as next downside trend may start soon once key & critical levels are breached on downside. Thanks
"Trading day, March 3rd: SGX Nifty indicates a positive start, but the market nature is moderately bearish. It may start with a gap-up. If the market sustains around 61 to 78%, then we can expect a rally continuation. On the other hand, if the market declines initially, we expect a correction."
"Trading day, March 3rd: SGX Nifty indicates a positive start, but the market nature is moderately bearish. It may start with a gap-up. If the market sustains around 61 to 78%, then we can expect a rally continuation. On the other hand, if the market declines initially, we expect a correction."
"Trading day, March 3rd: SGX Nifty indicates a positive start, but the market nature is moderately bearish. It may start with a gap-up. If the market sustains around 61 to 78%, then we can expect a rally continuation. On the other hand, if the market declines initially, we expect a correction."
Today's expiry was totally different, something i havent seen for many weeks. Mainly the premiums were dead low coupled with directional move that came very late in the day. Traders who got into straddles & exited by the noon would have made handful today, but people like me who depend on volatility as entry criteria would have been disappointed. Today's opening...
possible last wave tried counting with different method without noise we may head up higher
possible out come look for reversal sign 2 years of consolidation very complex structure
BIOCON a good trade idea , smart money concept . price near weekly major demand area .
The ending diagonal is the end of an impulse or zigzag. This pattern consists of zigzags or more complex correction formations
This is a personal analysis, no trade is recommended. Nifty50 looks as if it may be forming a bullish head and shoulder for the short term. If the pattern is formed, the entry should be above the neckline. Since the pattern is not fully formed, so, the bullish head & shoulders is not confirmed. The price zones are marked on the chart entry with small risk is...
BN may remain range-bound today unless it breaks above 40725 or the day's high and breaks below 38.2% correction
"Trading day, March 2nd: The global market is indicating a negative start. Its structure is moderately bullish, but it may open with a gap-down. If the initial market experiences a pullback of around 38%, we can expect a continuation of the pullback with minor consolidation. On the other hand, if the initial market experiences a sharp decline, we can expect a...