As we approach the close of this trading week, we're spotting some intriguing patterns in the BankNifty Index.
Wedge Drama Unfolding?
- Without giving away too much, there seems to be a rising wedge forming at the current highs.
- This might hint at a potential move towards a 45299 downside target.
Elliott Wave Analysis:-
Due to some management changes in bank there are certain fundamental changes taking place. Let the cloud get cleared, until that we wait for the clear sky.
B wave was formed.
Once C,D wave was formed then we can enter into the trade.
until that we watch the wave formation.
1631 as stop loss we enter...
Welcome to our Case Study of Nifty with Elliott Wave Prospective.
In this analysis, we'll be taking a closer look at the Nifty index using a powerful tool called Elliott Wave theory. Think of Elliott Wave as a way to uncover hidden patterns in the market's movement, a bit like solving a puzzle.
Imagine you're on a journey to understand where the...
Good Evening Traders,
This is Nifty 50 Weekly Candle Analysis.
Analysis Based On Wave Theory.
In Weekly Market is in Berish Trend.
Fib Golden Ratio 38% and 50% Nifty Will correct
till 18300 According to Wave Theory.
In daily candle Nifty Made Berish Head And Shoulder Pattern.
If you like my analysis the Give Like and Comment Below
I’m impulse with this share. For long run we can hold on and slowly accumulate.
It may give a correction at this level or slight up ad then a low and then the impulse rally begins.
At end of the day Im impulse in this scrip unless any bad news arrive in the fundamental.
More Foreign investor and domestic investors are accumulating and less retail investor are...
This is another type of wave formation.
A regular flat wave had been formed.
There are alternative waves I have posted it before.
We need to wait and watch the wave pattern that is going to form. Only then we can decide the point of our entry.
I have attached the previous chart below. Kindly look into it for clarification
If one more los is possible then this is a valid pattern else we skip this and move on to next bullish chart.
If consolidation continues furthermore then it may lead to triangle formation. If the previous high was broken then the Triangle get fail and it may complete flat pattern and one more low pending.
In Wave Thoery Market Driving in Channel Generally After
3rd Wave Market Start Up Trade. See in Today market open Gap up the
Reason we take Buying Trade.
I am Student. I follow Price action with wave theory.
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