NSE:TCS At resistance level which was tested thrice and has now become weak…. Price finds support at 50% retracement level…. and showing formation of second bullish wave… NSE:CNXIT Index is also forming bullish pattern….
I daily make educational content videos for financial markets only for learning purposes
Ethereum stands at a make or break level of resistance on daily time frame . It will either give a massive breakout and break the resistance or it will make a double top and start to collapse . This crucial level is to be tracked as we can get good targets on either side . Hope this analysis will help you :)
Hello traders! 1. We see 5 distinct waves each with their own seperate qualities as clearly mentioned on the chart. 2. We see and ending diagonal in wave v , which was followed by a swift and sharp wave (A). 3. Wave (A) retraced 61.8% which also happens to be a major resistance of the XAUUSD market on the daily tf. 4. Wave (A) also divides in 5 waves...
Hi, Nifty50 chance to sideway movement in next week. Range clear 17450-17950. If break upper side 17950 goto 18300to 18500. If break 17450 nifty goto 17200 to 16500 zone.
BAJAJ FINANCE buy side above 6140 tgt 7000 sl 5600 for long posotional
This is based on the Elliott Wave Theory. The current structure can be assumed as a triangle due to internal ABC formations. This suggests that the price would remain bullish from the current levels.
The idea is based on the Elliott Wave Theory. It suggests that the correction cycle may be over and the next bullish cycle could begin from here.
ITC LTD. LTP 380.65 BROKEN important res 368. I expect more bullish moves in the coming years. BULLISH FOR 500/700/1000?
This stocks has completed 1 cycle. In this cycle we can see wave 5 was an extended wave, and we know that whenever wave is extended than it corrects sharply and atleast upto start of wave 5. Now stock is in corrective wave of cycle it can go upto 900 to 600 levels also, but it is very difficult to say where it will stop.
It seems to be correcting in a wave iv of 2 lesser degrees . But since the wave iv is very sharp it seems to a just wave A of a very long time consuming triangle in the future . Where will this wave iv end , most probably it should be supported by the base channel . Kindly note this correction should not go beyond 0.618 .
HDFC Bank has completed ABC pattern on upside and now is making corrective ABC of previous ABC. We can see on the chart it has completed a & b of lower degree of ABC and may go down side to make c and complete the ABC pattern of lower degree..... So it can move towards 1365 levels from here if it doesn't breaks 1703 and goes below 1540...
As per Harmonic PRZ pattern, BANKNIFY may go to 42657 if sustain above 42051 in next week
UNIUSD is looking for short, expecting target to reach at 6$
The Stock is moving in WXY or double zig Zag pattern. Yesterday's rally in Titan was seems due to formation of C as it personality is fast and steep. Now stock can show down move from here and go upto 2200 levels..
The present up move was studied & it appears as a five wave up move which will end @ around 1800 followed by the the " b " down move.
BTCUSD is looking for short, expecting TG to reach at 22600$