Bank Nifty Trend Analysis 29-1-2023As Per Line Chart .
Last day Trading Session We have Seen Heavy Selling in bank nifty.
Now Most Important Support Broke 41700 And Second Support is 40000 level..
40000 is psychological And Tend Line Support Also 200 Moving Average.
So 40000 3 Trend based Support . like horizontal, trendline and Ema .
If 40000 Level Break below Side New target Open 37800 next Support .
Waves
NIFTY: wave analysis and prediction on live price.Someone new to Wave-Counting might be a little confused. OR a lot confused.
Here's what I'm trying to explain: I have these 3 Correct Wave-Patterns (ABC) that are bullish.
You'll notice in the chart below that another higher price ABC.
An easily can recognize that impulsive sub-waves (1,2,3,4 and 5) of the higher degree of waves A and B.
At this time, Nifty is trying to complete ABC's corrective pattern of wave 4(of the higher degree of wave C). The price looking for a new high.
You can understand this by looking lower TimeFrame of the ABC pattern.
Another reason for the upcoming new high in nifty is that, the measurement of wave A=C.
The validation for this pattern requires more analysis.
#banknifty weekly TF analysis:-#banknifty weekly TF analysis:-
Let me post what exactly I am seeing on Weekly Chart:- We have come out of triple combo complex correction of the 4th wave and currently, the 5th wave is running, the bare min target of this wave is 47,570 and the invalidation level is 32,290.
We hope to see these levels in the next 6 months to a year.
Regards,
SG
Nifty futures 15 min chart Wyckoff Re-Accumulation StructureMultiple bullish signs clearly evident in the chart
- The structure of Higher Highs and Higher Lows
- Price Volume Analysis showing clear bullish volumes (volume increase on up move and decline on down move)
- Reversal Action and spike in volume at trendline support repeatedly
- Price Action and slope of the buying wave and selling wave comparison
- A Pennant pattern overall in a trending market
Can look for all these confluence factors in the annotated chart.
Please like the post if you find it useful as it will give me incentive and confidence to post more charts based on the powerful technique based on Wyckoff
Trading Signal For WAVESUSDT Trading Setup:
There is a Trading Signal to Buy in WAVESUSDT Waves
Traders can open their Buy Trades NOW
⬆️Buy now or Buy on 5.447
⭕️SL @ 4.687
🔵TP1 @ 7.691
🔵TP2 @ 9.688
🔵TP3 @ 12.214
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
Nasdaq Elliott wave structureElliott Wave view in Nasdaq suggests the decline to 11035.20 ended wave (3). Wave (4) corrective rally ended at 12225.70 with internal subdivision as a wave A-B-C in a zigzag pattern.
Final leg higher wave C ended at 12225.70 which also completed wave (4). The Index has turned lower in wave (5), but it still needs to break below wave (3) at 11035.20 to rule out a double correction.
Internal subdivision of wave (5) is unfolding as a 5 waves impulse structure, where wave 1 completed near 11400, Now wave 2 rally is in progress to correct cycle where wave ((a)) and ((b)) had already ended and now wave ((c)) of 2 to end soon and Index to turn lower. Should sell on rise, On the way upside Invalidation level is pegged at 12230, and RK's stop line on daily chart can also be a hurdle to go up side, which is pegged at 12070, On closing below 20DMA can show more weakness, which is now pegged at 11621, Once its gone then more journey towards south can start, towards 11500, 11394, 11291, 11145, 10959, 10729 and 10441 too.
Overall wave structure along with all the key levels
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
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 of your profits and your losses.
POSITIONAL TRADE, GHCL GHCL IS A MICROCAP STOCK, ,MCAP of 5500 cr
ROCE:-26% ROE:-24%
Fundamentally Strong stock
setup:- ENTRY(day timeframe) - only if we spot healthy green with good volume candle at our retest leval
entry should be taken above at the highh of that healthy candle
stoploss - only if the candle closes below our stoploss level
views are for educations purpose only
swing trade( bearish view) , AAPLstock price is already broken the structure of higher highs and higher lows, and currently the price is moving in the bearish structure( lower lows and lower highs, parallely the volumes are hevay when the price moves downward and volumes are low when price is moving higher, safe trade can be taken when the price hits the retest area and there should be formation of healthy red candle with the heay volumes ,
setup:-
entry can be taken below the low of that healthy red candle
stoploss can be above the high of that candle
views are only for educational purposes
Is Wave Ready for Reversal? $30 is the strong support area Waves moved 7X in few weeksand made high of 63. Now its showing retracement and 29-31 will act as strong support area. Currently trading at 31. Buy once you see a 30 minute strong candle near 30-31, We may see target at least 30-50% upmove