2023 belongs to bear. Get ready to exit all your positions. Of course you will not find the crash in one day. It can't repeat. So wait for the gradual down move in 2023. CMP: 18127.
Buy Amara raja batteries for target of 950 to 1050.
Why we have seen 646 (13777-13131=646) points down move in Nifty in a single day. The reason was, from 12730 market moved to 13777 which was 61.8% in fib level for 3rd wave. Since 2nd wave was flat, the 4th wave was impulsive. So we have touched 61.8% and bounced back for 5th wave move. what happens to 3rd wave, if 1st wave gets extended. You have to learn...
EW proves that we will be seeing the breakout or breakdown with in few days. Triangles A triangle is a sideways movement that is associated with decreasing volume and volatility. Triangles have 5 sides and each side is subdivided in 3 waves hence forming 3-3-3-3-3 structure. There are 4 types of triangles in Elliott Wave Theory: Ascending, descending,...
You can also learn and get confident from my backtest chart with proof. Refer the chart for the same. The above chart illustrate what is Regular flat correction. 3*3*5 structure. Guidelines • A corrective 3 waves move labelled as ABC • Subdivision of wave A and B is in 3 waves • Subdivision of wave C is in 5 waves impulse / diagonal • Subdivision of wave A...
Everything explained in chart. Watchout for Nifty weekly MACD cross over and check this chart for more confirmation.
My previous post probability gone wrong. Couldn't able to cross 15900 range. Hence this new probability may work. This down move will be in zig zag and not a stright down move.
Nifty will touch 16000 with one more gapup this week. Expect down move again towards 15500 range again next week.
Nifty is nearing 61.8% Fib level. So Be caution. Compare my previous chart and take decision. PS: I am not a certified and SEBI registered analyst. All my postings are only for educational purpose. Please consult with your adviser before your take any investment decision.
Refer my charts linked below.
It seems market completed it's short term 3rd wave which is at 161.8%. From there market started to correct in the name of 4th wave. It looks for target of 15500* level. Expect a big bounce again from 15500* level to 16500 level. Ofcourse we need patience. 1 or 2 months of time. Buy on dips is advised.
Everything explained about Nifty's support and resistance for next few days. Please refer.
Nifty at Rising Wedge pattern for short term. The Rising Wedge is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows. In contrast to symmetrical triangles, which have no definitive slope and no bullish or bearish bias, rising wedges definitely slope up and have a bearish bias. Overall: This pattern...
check between 23 July 2018 to 27 aug 2018 with same Bollinger Band chart on weekly basis. Will history repeat this time for a small crash/fall. Please be caution. Check weekly MACD for more cofirmation too. #Nifty
Nifty bounced from 61.8% in the shorter time frame. Everything explained in chart. Also it took support again from the rising wedge support line.
Go long in ITC. Long in ITC for longer term with this small stop as mentioned in Chart. You don't need any indicator for ITC. Simply follow the chart and keep stop below 195 on daily closing basis only. If it doesn't close below that then expect 235/240/250/270 then 310/320/350. Just keeping less stop with bigger profit can give you good profit with good...
Nifty will bounce for intraday. Focus on chart. Interesting expiry day. CMP: Nifty 15680
I love Nift's long term target. Not only Nifty but also many stocks. I will post all my learnings slowly. I am not 100% right and I am not certified or registered analyst. Please consult your own adviser before trading and investing. Thanks and regards, Gopi J.