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Fin Nifty is Bearish - Can hit 22680 in coming days! 1:3.5 RRWhy Short Fin Nifty: Current Market Price: 23879 Fin Nifty has completed its 1-2-3-4-5 subwaves and rejected the 261.8% level (24,027) yesterday. Risky players can short at current price but it has strong support at 23,750. Once this level breaks, the price structure will change, giving us double confirmation as Ichimoku will break both the TS and KS by that time. So this entry will be safer but SL will be little big. Stop Loss: 24,056 T arget: 22,680 Risk-to-Reward Ratio: 1:3.5 Note: We always prefer futures or option selling with an edge to avoid overnight risks. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:CNXFINANCEShort
by WaveMoku
Bank Nifty View in 15 mins TF - July 8thWave Analysis: Bank Nifty is trading in a range with a bearish bias. It has completed waves A and B and now appears to have entered wave C, suggesting we might see a sharp one-sided (wave 3 of wave C) move in the coming days. Based on wave analysis and Fibonacci extension, Bank Nifty can reach the mentioned demand zones. This view will become inactive if it breaches the mentioned levels. Ichimoku Cloud: Bank Nifty is trading below the Tenkan-Sen (TS) and Kijun-Sen (KS) in the 1-hour time frame and is standing at the cloud bottom support. If it moves below the cloud, it will turn completely bearish. If the mentioned inactive level breaks, the price will come out of TS and KS, resuming its uptrend. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions and for education purpose only. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYShort
by WaveMoku
Strong Wave 5th is happening! -Nifty Wave Analysis in DTFWhere are we standing according to Elliott Wave in Nifty? Wave Counting: The impulse that started after the COVID crash is almost near it's completion. Currently, we are in Wave 5th of the bigger Wave 5th. Wave 3rd completed in October 2021. Wave 4 (truncated) completed in March 2023. The Wave 5th started in March 2023 , and we are in the sub-waves of this final wave. This wave can extend since Wave 3 of Wave 5 was truncated (failed to reach 161.8%). The targets for Wave 5 of Wave 5 can be: 23897 (127% - minimum) 24608 (161.8%) 25394 (200%) 261.8% (maximum) - rare case Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYLong
by WaveMoku
1
Valiant Organics NSE by KRSChartsDate: 24th April 2024 Time : 10:45 Am Valiant Organics has been in my watchlist for a long time, Finally, it seems like its Wave structure of downfall is finished with March low point. Now in ABC Wave Structure C Wave is likely to reach till Depth of Correction Point which means Prev point of 4th wave is new Target. Apart from this There is a Double Bottom Chart Pattern is visible too with Bullish Div on Monthly TF with RSI. More Confirmation had arise when on 1st April its Gap up and Now showing Positive Order Block on Weekly TF too. SO, with a SL of 394 Rs. (D Closing Basis) we can long Valiant Organics for Target of 860+ Rs. But make sure if you want to little more safe entry it will be above POC line at any price.
NSE:VALIANTORGLong
by KRSCharts
A Breakout in HDFC can take Bank Nifty to one more High? July 243rd July, 2024: Bank Nifty Elliott Wave Analysis The impulse that started on June 4th after the election day crash is still ongoing and progressing through waves 1, 2, 3, 4, and 5. Bank Nifty has completed waves 1, 2, and 3, and currently, we are in wave 4 (at present, we're not considering further extension scenarios of wave 3). HDFC Bank & Bank Nifty: HDFC Bank has a 28.38% weightage in the Bank Nifty index, and currently, HDFC is standing at a multi-year breakout level. We shared the HDFC Bank analysis a few weeks ago; please check the link below. Buy Entry Points: Wait for a good dip near the 51600-51800 range and check if the price forms a W pattern and gives a breakout above the TS, KS & Cloud in Ichimoku. Exit Points: We have to wait for the wave 4 low point to determine the wave 5 target. We will update the status here. Stop Loss: 100-150 points below the wave 4 low point. We will update once we get confirmation. The risk-to-reward ratio will be great because wave 5 is expected to cross 53K. Note: This trade is not active yet. Confirmation is always good for entry and exit. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYLong
by WaveMoku
Bank Nifty 15 Mins Analysis - We're short again but why? Hello traders, Hope you all captured the down move we shared a couple of days ago. We are short again after a pullback today(please refer our today's post), and we have explained the corrective wave count (WXYXZ) in this chart, so please have a look. The price is rejecting 61.8% of previous swing highs, and we expect it to continue the downtrend tomorrow(could be a good trending day) Expected Targets: 52,032 51,933 51,863 Stop Loss: 52850 (If the stop loss is too big for you, then please set a smaller stop above 52,720 (based on a 15-minute candle close, not a spike). Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYShort
by WaveMoku
10
Axis Bank Wave Analysis: SIP, Levels, 1800+ in coming years! July 2, 2024: AXIS Bank Market Analysis Current Market Price: 1261.90 General Trend: After the COVID crash of 2020, Axis Bank hit a high of 865 on October 21st , 2021, completing Wave 1 and entered Wave 3 after completion of wave 2 on June 16th 2022. The stock is currently in a bullish mode and it's in extension, having completed subwaves 1 and 2 of Wave 3 and it has broken out of a consolidation zone and is looking to surge ahead with subwave 3 of Wave 3. Ichimoku Cloud: Applying the Ichimoku cloud to the chart shows that prices are trading above the Monthly, Weekly, and Daily clouds. Hence, there is a high possibility of the stock entering Wave 3.3.3 after small dip near 1150-1170 that will be our 3.3.2 subwave. Entry and Exit Points: Long-Term Perspective: The demand zone was a good area to buy the stock; however, we expect a retest of this zone, which can be a good opportunity for those who missed buying Axis Bank earlier. > SIP Mode is best for long term. Expected Target: Once Axis Bank gives a breakout above the recent high, it is expected to hit the first target of Rs. 1529 . The next target could be Rs.1859 and even 2000+ possible in couple of years. These targets are derived based on the application of the Fibonacci extension and channels. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:AXISBANKLong
by WaveMoku
1:5 RR Trade: Sell Nifty below 23877 with SL 24120, Tgt 22670Based on Wave Analysis and the Ichimoku 1-Hour Time Frame, we have a good short opportunity with a very small stop loss. Time: 12:52 PM, June 27th, 2024 Current Market Price: 24,024 Why Short Entry at 23,877? Wave Analysis: Nifty has completed waves 1, 2, 3, 4, and 5. Wave 5 hit 127% today at 23,899 and touched the 24,000 psychological mark. We will have the first sign of confirmation if Nifty drops below 23,898 and sustains this level for 1 hour. It has to go for a correction. We will be wrong if Nifty crosses our stop loss after the entry is triggered. Trendline Breakout: When Nifty breaks 23,877, we will have a trendline breakout, which will be our second confirmation for short positions. Selling call options or selling Nifty futures with a monthly OTM CE hedge is a good option. We will keep updating more in the update section. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYShort
by WaveMoku
The Big Correction in Bank Nifty? Short at 52575 with 53100 SLTime: 10:22 AM, 26th June 2024 Bank Nifty Current Market Price: 52,585 Stop Loss 53100 Targets: 47843, 44,897, 44,444 and 40135 We shared our view on Bank Nifty (BN) in yesterday's post. A few people asked us to share the complete wave count in BN in detail with trendlines. Bank Nifty has completed its degree (2020-2024 wave). It has to go down for Degree 2, which can be a time-wise correction or a price-wise correction. There is a high chance of a time-wise correction, which might take a lot of time. Therefore, option selling with an edge is the safest option, or shorting futures with a call option hedge. 1. It has hit the Fibonacci levels we predicted a few days ago at 52,500 and made a high of 52,734. 2. The price has hit trendlines and given a fake breakout of a few previous trendlines. 3. Proper Selling Angle with few breakouts in weekly and monthly time frame. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:BANKNIFTYShort
by WaveMoku
"Bank Nifty has broken all hurdles. Real breakout or fake?" Bank Nifty Monthly Chart Wave Analysis: June Candle: 2 more days left for the candle to close. Current Market Price: ₹51,575 We drew all possible resistance trendlines and channels, and Bank Nifty has clearly broken out above everything(just 3 days left for June candle to close), with the wave extending. Elliot Wave Analysis : Initially, we counted the October 2021 high as wave 3 in our past charts. However, the current momentum and breakouts suggest it could be wave 1, and we are possibly in wave 3 not wave 5th. REAL Breakout : BN will retrace slightly and then move up again with strong candles in the coming months and it shouldn't enter the big purple color channel and close below 50,100(July Candle closing). Buy on Dip: A good dip near 50,600-800 is a place to go long with a small stop loss below a 49900 day candle close. If entering at the current market price, the SL is the same. Possible Upside Targets : 53,700, 57,000 FAKE Breakout : The July candle will break the purple color fib channel, retest, and come down with huge red candles. The candle shouldn't close above the purple channel again. Sell on Rise: Sell only if the price breaks below the channel, around 49,900. In this case, short with a small SL. Possible Targets : 44,444, 40,000 Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:BANKNIFTY
by WaveMoku
Jayshree Tea : 58% to 1284% upside potential#Jayshree Tea 13 Jun 2024 "Life is Simple, we make it complicated, So is Trading. Discover Simple, Yet Powerful Ideas." In Play : HH : HL Summary • CMP : 109.65 • Clean Price Action with Vol favor's BULLS FOOT PRINT with FALSE BREAKDOWN • Nice consolidation for the past 36 months/3 years • Trading right AROUNG VP mountain Conclusion • CMP 109.65 • Looks good for going NORTH • Higher Levels could be around o Short Term : 173/236 o Mid/Long Term : 480/796/1514 Wish You Happy & safe trading "Always Respect Risk" Happy Trading Jai Hind Jai Bharat
NSE:JAYSREETEALong
by DhirajSinghBais
4
Don't Miss This Stock: Reliance's Bright Future- Elliott Wave Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? --------------------------------------------------------------------------------------------- Stock Overview: Since January 1996, Reliance stock started an impulsive rise from ₹12.95, unfolding a series of 1-2, 1-2 waves. Currently, Primary Wave ③ (blue) is in progress and has a long way to go. This wave is subdivided into green bracket waves (1), (2), (3), and (4), with wave (4) forming a triangle. Now, we are in bracket wave (5) (green). Current Wave Structure: Wave (5) (green) is subdividing into Yellow waves: Yellow Wave 1 completed at 3024.90 Yellow Wave 2 (one leg could be completed or complete wave 2 could be ended at ₹2718 on June 4th, post-election results) Upcoming Targets: Wave 2 completion is confirmed once Reliance surpasses ₹3050. Targets are: ₹3500 ₹4025 (162% of Yellow Wave 1, which peaked at ₹3024.90) Why Add Reliance to Your Portfolio: Stock bounced sharp upside from 2718 lows = 200 DEMA (White line) Potential to hit new highs. Expected to reach ₹4000 and later ₹5000 in the coming months and years. Conclusion: Reliance shows strong upward potential. Including this stock in your portfolio could yield significant returns. Let’s review the progress in a few months. Have a great Sunday! Visual Summary of Waves: 1. Primary Wave ③(blue) unfolding 2. Bracket wave (5) (green) in progress 3. Yellow Wave 1 completed at 3024.90 highs 4. Yellow Wave 2 completed at ₹2718 ( alternate -only one part in wave 2 completed at lows of 2718 & wave 2 can be confirm complete once it crosses above 3050 highs) Key Levels: Break above ₹3050 confirms next targets Targets: ₹3500, ₹4025, ₹5000 Plan accordingly and stay tuned for updates. --------------------------------------------------------------------------------------------- From WaveTalks Abhishek
NSE:RELIANCELong
by WaveTalks
4
Nifty X-Wave Volatility: Potential Wipeout of Recent RallyDisclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? --------------------------------------------------------------------------------------------- Overview: The Nifty Index is currently forming a complex WXY wave pattern on a higher degree wave. With Wave W and X completed, we are now anticipating a decline towards the psychological support levels. Key Levels and Targets: Initial Support Zone: 21950 - 22000 This zone is expected to provide psychological support. If the index holds below 22900 in opening session on 7th June 2024 and begins to fall, we anticipate an initial drop to this support zone 21950-22000, marking a fall of approximately 900-1000 points. Further Downside: Below 21900 If the index breaks below 21900, we could see a continuation of the fall towards the previous lows around 21281, observed on 4th June. Recent Rally: Rally Overview: The index recently rallied 1629 points from the low of 21281 on 4th June 2024 to higher levels of 22910 within the last 2-3 days. Correction Expectation: This rally may be wiped out as part of the corrective sequence, leading to a possible retest of lower levels before any further upside movement. Upside Potential: New Highs Target: Above 23338 After the corrective phase, we expect the index to resume its upward trajectory, potentially reaching new highs above 23338 as discussed in the last idea Last Idea - Nifty - Pre Exit Poll Outlook: Bulls Above 22,400 Trading Plan: Monitor Resistance: Keep a close watch on the 22900 level. As long as the index remains below this level, a bearish outlook is maintained. Initial Short Position: Consider initiating short positions if the index holds below 22900, targeting the 21950 - 22000 support zone. Break Below 21900: If the index breaks below 21900, further short positions can be considered, aiming for a retest of the 21281 level and even new lows are possible Reversal Signs: Look for reversal signs and bullish setups near the 21281 level to position for the next potential rally towards new highs above 23338. Conclusion: The Nifty Index is poised for a significant correction before resuming its upward trend. Traders should be prepared for volatility and closely monitor key levels for optimal entry and exit points. ----------------------------------------------------------------------------------------------- From WaveTalks Abhishek
NSE:NIFTYShort
by WaveTalks
24
Vedanta Target Achieved 14May (1May)As mentioned in the 1st May post, Vedanta has moved upto around 440 levels with a clear RSI divergence on daily chart under formation since mid of April. Currently, the risk reward ratio doesn’t seem favourable and RSI needs to cool down as well. It is safer to book profits at these levels and wait for a healthy correction (in the form of Wave 2) for any fresh entry. Any movement above 440 levels may seem exciting but could also be a trap. Let’s be watchful. Not all stocks in a sector move in tandem. Each has its own journey and timing. This is not a trade recommendation. Please do your own due diligence/analysis.
NSE:VEDLLong
by DhandhaPaani
1
Bold move of gold is about to hold1. Price is out of regression, Thats an outlier movement, which explained the intensity of the impulse, its a characteristic movement of 3rd wave 2. Internal wave structures & Primary wave analysis, 5 sub wave of 3 primary wave is am extension wave, price structure is quite stiff and resembles with Climax Top 3. Cup & Handle pattern target has achieved, have spotted 2 such a structures 4. Deviation from 200 ema Considering these counts, price could come to 67600 Or 62500, this would be complex correction & expected to see flag formation.
MCX:GOLD1!
by OK_Rane