xauusd is getting rejection at this point where breakout of trendline is also seen. currently retesting the breakout looks good to short at current price with the high as sl.
FX_IDC:USDINR seems to be forming Truncated 5th Wave. Lot of selling pressure at 83 with RSI negative divergence suggesting momentum Fading. Unless 83 is Taken out on closing basis. It could turn out to be Wave 5 Truncation as per Elliottwave Theory.
inter-market analysis can be tricky but even as the USDINR hit a new high yesterday, the last two days bounce on hourly charts is a-b-c, what that means is that it is not a new move but the end of something. If USDINR closes down today after that it would add weight to a positive near-term outlook for the Nifty given the historical inverse correlation between...
NSE:BHEL price target and stop loss is mentioned on the chart Do like and follow if you take this trade and make a profit
Disclaimer There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Wishing You All A Happy & Prosperous New Year 2023 !!! Short Video on Bank Nifty - The last move or idea for year 2022. Last Price - 43115 Trading Strategy Plan A - Important Support Zone 42900-43000 Index taking support...
Good morning everyone. #nifty - The global market indicates a negative start. the market nature is neutral to slightly bullish. market may start with a gap-down. After that, if the market takes a pullback, then we will expect the pullback continuation(38% is a demand zone). On the other hand, if the market breaks the 38% fib level, then we will expect a...
Good morning everyone. #Banknifty - The global market indicates a negative start. the market nature is neutral to slightly bullish. market may start with a gap-down. After that, if the market takes a pullback, then we will expect the pullback continuation(38% is a demand zone). On the other hand, if the market breaks the 38% fib level, then we will expect a...
Good morning everyone. #Finnifty - The global market indicates a negative start. the market nature is neutral to slightly bullish. market may start with a gap-down. After that, if the market takes a pullback, then we will expect the pullback continuation(38% is a demand zone). On the other hand, if the market breaks the 38% fib level, then we will expect a...
It looks like bank nifty also completed A& B of ABC pattern and now C will Start.... Rest in the Chart
As we can se Nifty is in correction of previous abc pattern...... Further, it has completed A & B of corrective pattern...now it will start C which could end around 17970...
Bank has completed wave three Now it in wave 4....since wave 2 was sharp and deep therefore, wave 4 would be side ways and seems to form a Traiangle... Stock may consolide here for some time.....
Nifty makes wolfe wave pattern Buy Nifty at range between 17000 - 17200 Target 18100 Stoploss 16800
#XAUUSD Looking for Buy trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
Disclaimer There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Short Video Outlook on BankNifty Plan A Active & Running as published in last idea of 2022 Last Idea Published - 30th Dec 2022
Falcon Wave D is a 5 wave pattern unfolding, and looks like we are in wave 3 completion, the current one up looks like an internal 4th wave of blue 3rd wave. Now, we can expect last leg down to complete 3rd wave and then it should go up in 4th wave (blue) as shown above and in the chart. More on this in next few days.
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Gold had made triple bottom around 1620 & has made a leading Diagonal in Wave ((1)) of new Impulse so a break down from this leading pattern could result a pullback in Wave ((2)) & in same time DXY should rise in Wave B the larger trend for Gold for this year should remain bullish until we breach 1620 a commodity boom in second half 2023 can push prices to new all...