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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
FET/USDT Breaks Out of Descending Channel and Forms Inverse HNS!Yello Paradisers! 🚨 Are you ready to catch the next big move in FETUSDT? Here's what you need to know right now: 💎FETUSDT has broken out of a descending channel and formed an inverse head and shoulders pattern, significantly increasing the probability of a reversal from this point. 💎If FET breaks above the resistance zone, it will validate the inverse head and shoulders pattern. We can then expect a bullish move. 💎In case of a pullback, we can expect a bounce from the bullish order block (OB) level. However, we need an I-CHoCH (Internal Change of Character) on lower time frames for confirmation. 💎If the price breaks down and closes a candle below the right shoulder and the bullish OB level, it will invalidate our pattern and the entire idea. In this case, it’s better to ignore the setup and wait for a more reliable price action to form. Stay disciplined and patient, Paradisers. Remember, consistency and waiting for the highest probability trading opportunities are key to long-term success. 🎖 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Midcap bearish angleMidcap nifty clearly has bearish angle in 1D 1H timeframes. I only consider it bearish ones it start giving closing below the channel levels. But keep an eye whenever these triggers it will give bigger trades. Please keep following the below updates which i do on regular bases. If any changes in the plan you will get glimps of it. Also market is so unpredictable now a days. I mostly try to capture big trends but always prefer small trades enter & exit as i am a option buyer. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. And market can always prove me wrong and i take that rights too. Best way is. Keep the one side view when level breaks then keep booking the profits. Enter again in bounce with proper SL/risk management. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST.ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS,RIGHTS RESERVED.I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:NIFTY_MID_SELECT
by ashishhc
10
BANK NIFTY - TIME TO SELL & RUN AWAY ?Symbol - BANKNIFTY CMP - 51720 BANKNIFTY is following a rising channel & headed towards its higher end. Currently It is trading 51600 - 51750 & trying to break it on upside. According to my analysis, BANKNIFTY will face strong resistance around round level 51500 - 52000 which is also upper end of the rising channel. In case it breaks it on upside, A breakout fail scenario is highly likely. I'm expecting Nifty Bank to show a reversal from these levels & It may witness a strong profit booking. Hence I am creating huge short positions in Bank Nifty July Futures at CMP 51720 I will add more position at 52000, if comes & will hold with SL of 52200 Targets I'm looking for on downside will be 49260 - 48000 & In case If it breaks this rising channel on downside, We may see huge fall till 45500 - 45600 which is the ultimate target if any major correction happens. RR is very favorable here. That's why taking more position than usual. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:BANKNIFTYShort
by akshit_official
Bitcoin - Classic Flat-Screaming for 72000 Target Upside Elliott Wave Flat Sequence with Wave C Ending Diagonal In Elliott Wave Theory, a flat sequence typically consists of three waves: A, B, and C. The pattern is generally labeled 3-3-5, indicating the wave structures. Wave A: A corrective three-wave move. Wave B: Another three-wave corrective move, often retracing Wave A by 90% or more. Wave C: A five-wave move, which can unfold as an ending diagonal. An ending diagonal in Wave C indicates a slowing momentum, often signaling a reversal. The ending diagonal structure usually forms a wedge pattern, tapering towards the end. This setup is crucial for identifying potential turning points in the market. Buying Trigger Above 66457 Target 71993 From WaveTalks Abhishek
CRYPTO:BTCUSDLong
by WaveTalks
2
Bandhan Bank -Potential Breakout in Progress (Upside Target-430) I suggested somewhere that market participants should start looking at this stock and hold it in their portfolio with an upside trigger of 265 and a final target of 430, to be reviewed later. No surprise – the stock has started moving from our desired zone of 155-175. What a low 169 . Will it cross 265 and later 430? Only time will tell. Pattern: Falling Wedge (Similar to Adani Wilmar as discussed earlier) Such patterns swiftly move towards its starting point. In this case it is 430 From WaveTalks Abhishek
NSE:BANDHANBNKLong
by WaveTalks
4
VINATI - LARGER WAVE - BREAKOUT - BULLISH - LONG TERMHi Folks, Vinati organics has been in price as well as time correction since September 2022. Almost, corrected for 2 years and maintained a falling wedge, cooling off RSI on weekly and Monthly timeframes while correcting for almost 700 points. Fundamentals Stocks in chemical/speciality chemicals sector are mostly sitting on operational capex with stable Margins, good order book and good PAT figures YOY. PE de rated and cooled down to their MEdian PE as compared to 2021 levels where it zoomed off. Operational leverage is yet to be played and PE expansion might kick in. Technicals 1. Clear breakout on Weekly timeframe from falling wedge. 2. RSI made higher highs eventually breaking from falling trendline. 3. Overall Structure of larger trend is bullish wherein we are completing wave 4 and ready fro larger wave 5. 4. Price might retest 30 WEMA or consolidate around it but shall continue its upmove. Not a trade recommendation, please do your own due diligence.
NSE:VINATIORGALong
by KunalSaxena10
Great Shorting opportunity in ABBABB is around the Long Term Resistance ABB is up almost 1200% in last 4 years ! Which is very extraordinary. If we analyse Monthly timeframe analysis then we can clearly see Stock is around the long term channel Resistance. Resistance is coming around 9200-9300 Also to confirm the same resistance, on a Daily timeframe we can see Rising channel which is seems working and stock is around the resistance. Right now stock is around 9200-9100 and if stock falls from the highs then we can expect stock to come around 7200-7300 Thank you !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:ABBShort
by FiveCircles
INDIAN HOTELS - Swing Trade Analysis - 8th June #stocksINDIAN HOTELS (1D TF) - Swing Trade Analysis given on 8th June, 2024 Pattern: FALLING WEDGE BREAKOUT - Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress Please Note: - Because of Fridays crazy move in the Nifty, there might be a pull back till the Trendline so ensure correct position sizing - If not, then it automatically gives us a small SL and you can pyramid into as it rises * Disclaimer
NSE:INDHOTELLong
by TradeRyteStockz