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BankNifty's Elliott Wave : Can It Reach Targets 49250+ & 49650+ As Elliotticians, this is one of the cardinal rules often overlooked, leading analysts and traders into traps. However, knowing the "line in the sand" where you could go wrong—48610—is crucial. Getting the opportunity and executing the trade is another challenge, leaving no room for emotions. Emotions in trading can be dangerous; in fact, managing emotions is equally important in real-life decision-making. As discussed earlier today, just 60 minutes ago, the question remains: Can we touch 49250+ and 49650+ upside targets? Always consult your financial advisor before making any trades. Regards, WaveTalks Market Whispers - Can You Hear Them?
NSE:BANKNIFTYLong
by WaveTalks
12
Nifty 15 min Chart Wave Analysis Nifty 15 min chart wave analysis I study of nifty 50 chart time frame 15 min see motive wave from 23596.50 to 2347.25 after that market in consolidation phase Question is how can read this consolidation phase ? First is it is a corrective wave this correction is complexity of waves Wave (w) as a internal abc Wave (x) as a internal wxyxz Wave (y) anticipate above 23274.....to 23480 -23500 range.......? after that we can anticipate wave ((x)) or next impulse on lover end of channel at this point deciding factor for down side or again wave ((z))...? it can be denoted as ((w))((x))((y)) because internal wave are in corrective wave formation and price travel in channel so possibility is upside for wave ((y)) after that down side view. Disclaimer it is my personal research only for education purpose not for buy and selling recommendation i am not SEBI registered financial adviser. Thanks
NSE:NIFTY
by meena_sn
1
Nifty 15-Minute Chart Analysis for Intraday Levels 21st-Jan-2025Hello Everyone, i hope you all will be doing Good in your life and your trading as well. Let's start analysis on NIfty for Intraday Levels. The chart highlights a well-defined No Trading Zone between 23,262 and 23,410. This area indicates indecision, where trading may lead to unfavorable outcomes. Patience is key while waiting for a breakout. Here’s what happens: A move above 23,410 may indicate bullish strength, leading to potential targets of 23,522 and 23,591. Conversely, a move below 23,262 may signal bearish momentum, paving the way for levels like 23,162 and 23,061. These levels act as decision points for intraday traders. A breakout above or below these zones could set the tone for the day. The RSI indicates underlying strength, but confirmation from price action is essential. Disclaimer: This analysis is for educational purposes only. Please trade responsibly and consult a financial advisor before making any decisions. If you found this analysis helpful, don’t forget to like, follow, and share your thoughts in the comments below! Your support keeps me motivated to share more insights. Let’s grow and learn together—happy trading!
NSE:NIFTY
by TraderRahulPal
Nifty weekly review - Jan 20 to Jan 24Movement was bit choppy last weak and price tested the patience of option buyers. Still 23400 zone acts as an important zone to decide the direction. Buy above 23220 with the stop loss of 23180 for the targets 23260, 23320, 23380, 23420 and 22460. Sell below 23140 with the stop loss of 23180 for the targets 23100, 23060, 23010, 22960 and 22900. As per the daily chart, price is still testing the support zone. Once the test is over, we can expect good move. Do your own analysis before taking any trade.
NSE:NIFTY
by vanathi
5
Trump 50 Rally or Dump ?Trump factor will decide trend this week for Nifty. Nifty 50 still trading in last week range a gap up open or nifty sustains above 23400 levels tomorrow could test 24k this week else it will range out repeat of last week until support area holds which is 23100 area below. Nifty Key Levels for Tuesday 21st Jan. Resistance:- 23400 If sustains above long for the targets of 23450,24500,24650. Support :-23270 to 23250 Area. if sustains below short for the targets of 23200,23150,23100,23050. Another probability is if opens flat look for rejection of last week candle high to play reversal downside. Educational purpose only do your own research before taking entries.
NSE:NIFTY
by rakeshreddym
Bank Nifty: Dynamic Trendline Resistance and Support BreakdownChart Description: Dynamic Resistance: Highlight the descending trendline acting as a strong resistance. Mark recent rejection points from this line. Dynamic Support: Add the upward-sloping support line showing recent price bounces. Key Levels: 47600: Potential target if support breaks, indicating a bearish continuation. 47600: Swing low zone, which could act as a short-term target in the bear trend. Bearish Breakdown: Indicate potential price action if the dynamic support is breached, targeting levels below 47500. Risk Management: Add possible stop-loss placement near the trendline resistance for short positions. Idea Summary: Watch for price rejection at the dynamic trendline resistance. A breakdown of the dynamic support line will signal a bearish move. Target levels: 47600 (swing low) and below 47500 in case of extended bearish momentum. Disclaimer : This analysis is for educational and informational purposes only. It is not financial advice or a recommendation to trade. Trading in financial markets involves significant risk, and you should only trade with capital you can afford to lose. Perform your due diligence or consult a financial advisor before making any trading decisions.
NSE:BANKNIFTYShort
by JoanJagan
#Nifty directions and levels for January 21st, TuesdayGood Morning, friends! 🌞 Here are the market directions and levels for January 21st, Tuesday: Market Overview: The global market is maintaining a bullish sentiment (based on the Dow Jones), while our local market shows a moderately bullish sentiment. Today, the market is likely to open with a neutral to slightly gap-up start, as the Gift Nifty indicates a +60 point positive opening. In the previous session, both Nifty and Bank Nifty had a solid pullback. According to the structure, it seems like a "flag pattern." If the market breaks the immediate resistance with a solid candle today, we can expect a further rally continuation. However, if we analyze the wave structure, it could represent the "C" leg, and also its a final leg of the pullback. So, In this scenario, if the market rejects around the immediate resistance, we can initially expect a 23% to 38% correction. A trend reversal (from bullish to bearish) will be considered only if the 38% Fibonacci level is broken. This is the basic structure. Let's look at the chart for more clarity. Both Nifty and Bank Nifty exhibit similar structural sentiments. Current View: The current view, based on Elliott Wave analysis, suggests that if the gap-up doesn't sustain or if the market faces rejection around the immediate resistance, we can expect a minimum correction of 23% to 38% in the minor swing. This is a major support level, so until the 38% mark is broken, the trend remains bullish. Conversely, if it breaks the 38%, we can consider that a trend reversal. Alternate View: The alternate view suggests that if the gap-up sustains and consolidates or breaks the immediate resistance level, then the rally will likely continue. In this case, we can consider that a flag pattern or the third wave of the new impulse.
NSE:NIFTY
by Manickamtraders
6
#Banknifty directions and levels for January 21st, Tuesday:Current View: The current view, based on Elliott Wave analysis, suggests that if the gap-up doesn't sustain or if the market faces rejection around the immediate resistance, we can expect a minimum correction of 23% to 38% in the minor swing. This is a major support level, so until the 38% mark is broken, the trend remains bullish. Conversely, if it breaks the 38%, we can consider that a trend reversal. Alternate View: The alternate view suggests that if the gap-up sustains and consolidates or breaks the immediate resistance level, then the rally will likely continue. In this case, we can consider that a flag pattern or the third wave of the new impulse.
NSE:BANKNIFTY
by Manickamtraders
NIFTY Levels for January 21, 2025 NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:NIFTY
by RainingMoneywithTech
BANKNIFTY Levels for January 21, 2025 BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly, the SL (Stop loss) for each SELL trade should be the previous GREEN candle above the given level. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and sharing ideas.
NSE:BANKNIFTY
by RainingMoneywithTech