GMR Infra for shortshort below 42 as per target Good RR ration.
5th wave completed and probability of reversal is more
Wolfe Wave
INFOSYS
NSE:INFY
Chart Pattern Identified : BEARISH WOLFE WAVE
In its bearish version , the highs and lows are increasing and herald a downward reversal of an uptrend.
1) A significant maximum is formed, preferably an absolute maximum ( point 1 )
2) The price falls and forms a minimum ( point 2 )
3) The price rises and forms a subsequent maximum higher than point 1 ( point 3 )
4 ) The price falls and forms a subsequent low higher than point 2 ( point 4 ). Trendlines constructed by joining points 1-3 and points 2-4 must converge.
5) Point 5 is the maximum following point 3 and must cross the trendline joining points 1-3. This means that a "false breakout" from the pattern must form.
This point determines the completion of the pattern and the OPENING OF A BEAREST POSITION because according to the pattern, a new wave should form from this point and extend beyond the pattern.
PRICE and TIME TARGET
Following Wolfe's principle, we can set our PRICE TARGET at the point where the trendline extension passing through points 1-4 will intersect the price line . INTERMEDIATE TARGET is also set by placing it at the price level of point 4 , then we can also try to extend the final TARGET.
A valuable indication of the Wolfe pattern is tempo.
In fact, by extending the trendlines of the figure up to their intersection, a time target is identified, i.e. a hypothesis on the period of time necessary for the prices to meet the trendline that identifies the target price (ETA=Estimated Time Arrival ).
If once you get close to the ETA point, the price hasn't reached the target, you should consider exiting the trade.
STOP LOSS
The stop loss should be positioned above the maximum of point 5, perhaps slightly higher.
BankNifty (Bearish Wolfe Wave)Pattern is activated. Expected a pull-up till 40600 and forming double top before falling. Target till previous gap (39400-39500).
SUN TV Bullish Wolfe Wave-NSE:SUNTV is making Bullish Wolfe Wave
With stop loss of recent low which is around 400 , low risk entry can be Taken for Target of 500 around price level.
InfyInfy CMP 1556
though Infy is rising ...
but the structure is as such ...
if Infy trades below 1544 ,
with trend and candle turning Red...
Recent high as sl...
Possible tgt would be black line...
Just a View!!
Vedang :)
Banknifty - Cypher PRZ at Wolfewave Target
Banknifty had wolfewave and now price near to its target , interesting thing is wolfewave target and cypher prz are at same level. Current supply is tested thrice (including current attempt to break) Looks like it will trap bulls by giving breakout ... Upside a significant supply with left shoulder is waiting to pull price down. Previous quasimodo failed to break low hence we can say strong low has formed. and also two flag limits below (one with FTR) shows strong demand and which is hard to break .
*Cypher might turn into shark so next potential reversal zone will be at 886
Wolfewaves on DXY and coupled up with strong Fibonacci TVC:DXY Wolfewaves on DXY and coupled up with strong Fibonacci . Until DXY curtailed below 109 to 110 region, it could be said that it has made the top, and there needs a correction in the same. With strong supports around 104, where there could be a consolidation drama, then expecting it to fall till 98. This cycle according to my theory should complete by Feb 25th of 2023.
USDINR Move prediction for next 1 yearFX_IDC:USDINR Strong bearish WWs on USD INRs. Expecting the USDINR to top-out around 81. Incase that beats, then the next supply zone is near and strong at 83 levels. I expect a dual effect to creep in, i.e., weakness in USDs and INR strength. I am expecting the top to be made for next couple of decades, until 83 holds strong.
USDINR Move prediction for next 1 year#USDINR FX_IDC:USDINR . Move prediction for next 1 year. Very interesting double Wolfe waves formed and indicating a possible downside movement. Couple of strong supply zones ahead matching with the Fibonacci ratios.
ICICI bank 30 min Bearish wolfe waveICICI bank 30 min Bearish wolfe wave formed for tgt of 660 lvls
(this is only for educational purpose)
WW SHOWS SUPPORT OF TATA MOTORSWW seen in weekly chart of Tata Motors. seems good support for long term investment.
Nifty.....Uncertainty...Another Bullish View...PossibilityWith lot of uncertainty in the market on possible direction of Nifty, here's another possibility
with Wolfe Wave Pattern which shows probable bottom out at 14850 level and resuming
uptrend, with target of 20015!!
💎 ARUSDT : 250% Profit Potential in Next 4 Months💣💣💣💣last 2-3 weeks we seen huge buying in AR coin, in upcoming months its going pump very hard.
entry and targets are given on the chart. Please Like and comment if there are any queries.
DXY Bearish WWTVC:DXY NSE:NIFTY
Dxy Formed very bad structure
CMP 97
SL 98
Target 92
Looks like we are going to see a quick fall in DXY. May be positive for Emerging markets like India (Nifty)
nifty viewNifty forming internal bullish wolfwe wave , Wave 5 is forming, nifty wave 5 expecting range is 16550.
axis bank bearish wolfe waveaxis bank bearish wolfe wave, target and stoploss mentioned in the chart
wolf wave pattern in FSL1.) Possible (long) wolf wave pattern in FSL.
2.) Stock is in down trend since July 2021 and continuously making lower high and lower low.
3.) However, the recent price action is depictive of a possible wolf wave formation in FSL.
4.) Since the overall market sentiment is negative currently, long trade should be taken cautiously depending upon the conditions.
5.) major support and resistance levels are highlighted in the chart.
DXY ExpectationTVC:DXY Possible DXY movement has been mapped. Emerging markets like India (NIFTY, SENSEX), might be impacted due to this
LICHSGFIN | 1D | NSE | LONG | #Wake'N'TradeBullish Wolfe Wave Pattern
All details mentioned on charts.
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Analysis for Educational Purpose Only
