"SGX Nifty indicates a positive start, but the market nature is moderately bearish. It may start with a gap-up. If the market sustains, we expect a minimum 50% to 61% Fib level pullback. If it rejects that pullback, then we expect a correctional wave. On the other hand, if the market declines initially, we expect consolidation before a correction."
Current Trend: 1) Uptrend parallel channel 2) It took a support exactly at 2 level of Fib .FIB cord -(1953.90 -1665.00) 3) currently it took a resistance @0.5 level of FIB exception: year of accumulation zone.. if it breaks the 1654 level , we can except another 300 point movement from there. once this parallel channel is broken upside ,can can except positive...
After a five wave impulse down nifty is rising in a corrective structure on the upside. The corrective nature of the price action suggests that near term trend for the nifty50 is down and prices are likely to fall towards 17000 in the coming weeks. On the upside the key resistance zone is 18350 while on the downside key supports levels are 17650/17350/17000
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
Nifty has completed its minor move-up (shown on 15 min chart) and correcting to 50% of the entire up move is very likely. So, we are expecting a further down move.
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Double top considered and created big sell candle in top than I think watch this scenario
Double top considered big sell candle on top if you watch this is the next scenerio because till now now a big correction and market going on one side 16000 to 25000 .
Trade idea based on elliott wave analysis. Detailed explanation given on chart. This is just my view ... trade according to your own risk management. Consult your financial advisor before taking the trade.
Here we have shared possible Elliot wave counts of ETHUSD (for educational purpose only) which are suggesting correction for very short term and this correction can be used as good opportunity to go long for further trend which is expected post this correction, the invalidation level of further up move can be low of previous wave 1 which is pegged at 1071.50, if...
BITCOIN - 15 min time frame As observed in the chart of Bitcoin on 15 min time frame, Failed symmetrical triangle breakout, Bearish engulfing have been made on uptrend, also expected elliot wave movement, wave 1 have been generated. This chart is only for educational purpose do your own study before taking any trades
Jindal SAW multiyear breakout with considerable volume.
Kopran for quick gains can look for tp of 235 with sl of 148.80 on dc
this pattern shows the price will go 365 points down .You must not ignore tha chart patternd.
This stock(Pidilite industries) seems to have completed the ABC corrective pattern . It seems ready to take off on the upside with the down trend line broken. looking to buy above 2355 for a target of 2460, the second target being the main trend line shown on chart. stoploss for the trade at 2250 ( daily closing basis)
So today's price action confirms the move that we had yesterday was not fake. How many traders & investors would have been trapped on the long side when the 41629 resistance broke out? The prevailing trend was bearish, but when an important resistance gave away, it would have prompted lot of buyers into action. And once they deployed their funds we got the...
US OIL is looking good to go long as per Elliot wave structure with invalidation level of below $ 76.50, for target level of near $ 83.05. My ideas as just for educational purpose only I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds...