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...
DXY has a 5 wave decline on Weekly charts & Wave 5 have formed a ending diagonal today's push could mean end of Wave A so now a 3 wave or 7 wave pullback can take us back to 110 levels confirmation will be Weekly close above 105.35 (40 WEMA Red Line) & this bounce in $ should see some selloff in Commodity & Equity.
decisions will be done on the basis of market sentiment with other calculations
GHCL, Stock looks good for going long. Good buy initiated from support
#EURAUD Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
#XAUUSD Looking for Buy trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
NSE:RVNL has given a Bull Flag Breakout. The stock seems to be resumin it's uptrend. Likely to head to new highs.
Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
Good morning everyone. #FinNifty - The global market indicates a neutral start. market nature is neutral to bullish. market may start with a slightly gap-down. After the gap-down market takes a pullback, then we will expect consolidation to pullback continuation. On the other hand, if the market breaks the major key levels, then we will expect a correction to the...