HemantBhardwaj

HemantBhardwaj

It seems a breakout of the Ascending Triangle in Nifty as desribed in my earlier post. Now we have to just make a point of view of Being Bullish and look for only long trade until any significant movement downside. Break of the full E leg may take market more towards downside. We can make our self long, by Buying a Long Future of Nifty April Series and Buy a...

HemantBhardwaj

Just for Educational Purpose and Gaining Inputs from qualified professionals. It seems to me a ascending triangle formation on Nifty. Today Nifty gave a False breakout in the form of Leg "E" of the triangle. Seems that First leg of "E" wave is completed and formation of E will take time for tomorrow as well. A breakout above the trendline of BD, we can get a...

HemantBhardwaj Updated 

Good Evening! I was looking at the chart today. I have studied Elliot waves and Harmonic patterns. While analysing the chart, i concluded that we are in long bull run and this is a time bound correction. Elliot wave analysis: 1. This is a Corrective Combination which started in Oct 2021. First Leg was a "Flat Structure" and after completion of "X", market...

HemantBhardwaj

This is for educational purpose. My view would change very fast if i pick up signal otherwise. But expect the market to touch 16400.

HemantBhardwaj

Nifty prediction for weekly expiry. My view changes very quick. But little bit stable on long side. This is for educational purpose only.

HemantBhardwaj

This is for educational purpose. 1. My view is long on Nifty, this may change on any basis. But as of now my ride is till 17400. 2. My SL would be 17100 if market sustain above it for Significant time (May be for an hour or so). Will keep posting as i discover more.

HemantBhardwaj

Note: 1. Please note this is daily TF analysis. 2. Please take independent advice from your financial advisor. This is for educational purpose only.

HemantBhardwaj

A important structure of Neo Waves Pattern is complete called " Diametric Pattern". If all the "G" wave is retraced in the less time it has taken to form "G", we can see a sharp move upside till 16400.

HemantBhardwaj

Expect the breakout to be successful this time. In my opinion, market has completed its all structure downside. I am bullish for next few days, even after breakout. 1. Buy on dips to continue. 2. Until or unless, there is coming one more triangle in e leg of it.. which could reverse the move.. 3. Please connect line between in order to confirm it is a...

HemantBhardwaj

Nifty on daily time frame is forming a bullish ascending Triangle. Any break above 15850 on daily time frame should open the way for the First target of 16200. We have a divergence in weekly time frame but that should be taken care when we surpass 15850 on daily time frame. I am not a Financial Advisor, please do your diligence. This is for educational purpose.

HemantBhardwaj

We should open near Pivots Points today. Market is buy on dips today. 15765 is yesterday low and 15745 is first support. Any five minute candle closing above 15802, we should be long with a SL @ 15780. I am not an authorised financial advisor, please do your diligence before entering into trade.

HemantBhardwaj

Banknifty would be Bullish today as CPR suggested. Opening of bank nifty would mark the trend today. I suppose we should be long on bank nifty today. It is taking the support of trend line and formed a bullish candle in last fifteen minutes yesterday.

HemantBhardwaj

Nifty has become bearish yesterday. Many retail trader would be short yesterday, Nifty option chain suggested that market is bearish.. Here you catch the fear of others. Nifty would open @ 15770-15800.. In my opinion it would be single sided move upside. I am not an authorised financial advisor. Please do your diligence before hand.

HemantBhardwaj

According to Neo and Elliot wave, Market has completed its fifth wave in form of "E" today i.e. 8Th July 2021. Expect the market to go up to 16200 in coming week. I am not a registered investment advisor with Sebi. Above is my opinion, please do your diligence.

HemantBhardwaj

As per Elliot wave theory, Nifty is forming bullish ascending triangle. We are in E Wave of it.. In E wave there could be another triangle which could form. So i am expecting a breakout above 15915 this time. Disclaimer: I am not a SEBI registered person. Above are my opinion, please do your diligence. Pivots on Floor

HemantBhardwaj

Banknifty is all set for a breakout on the upper side. 1. Banknifty is in Ascending triangle in shorter time frame and which suggest that last push of Bank Nifty is on cards. Ascending triangle in every position and sense is bullish in nature. 2. As on today, According to wave analysis, target could be defined as largest leg of the triangle, and it could be...

HemantBhardwaj

Disclaimer: This is my personal view. Please consult your financial advisor before investing. This stock counter is open for swing trade for Next 20 Days. 1. Support : Stock has taken a meaningful support @750. 2. Wave theory : On hourly chart stock is in meaningful correction and currently in Wave - B or Wave - 2. When this completes Wave - C or Wave -3...

HemantBhardwaj

HDFC bank is in the up move for sure, but for short time duration stock has gone into the correction. This correction could take the stock to lower level for accumulation. This will result in the halt of price movement on up side. Uptrend will resume once the stock breaches the level of Rs. 1465. While on the short side, we could initiate the position on the basis...