About meHonestly Speaking, I come from the web development field. Since I was studying in class 10th since then I have started my own trading and the fractures of the days within me have been developed since time immemorial.
Banknifty opened at the resistance of (3) wave 27701 nearby which is at value high. This resistance pushes it toward the control value at 27463(gravitating) and (4rth) wave at value low. Looking at it seems that short declining wave can start for the target.
Above all levels are for a spot.
Fantastic real-time TRIANGLE pattern on ITC
This is NSE equity stock and all level are for equity.
This is a perfect example of Triangle and already completed 5 waves in it. Ready for a breakout. Suppose to breakout, you will get new direction with a spike.
How to detect the direction side of SPIKE(means big and surge move)! Changing in volume will provide you...
Statement (1): As per "No trading activities", the price is not going to cross above the Control Price which drew by blue color.
Statement (2): Presently, Nifty is again going to high volatile as show by Remarkable box.
Statement (3): From the timeCycle, approximately move projected by (A),(B) and (C).
As per channel, the main support is 10525 below where...
These words may evoke many different intellectual images.
The technical analyst says that “the market is always correct".
Technical analysis is the study of prices in freely traded markets with the intent of making profitable trading or investment decisions.
There are two ways of technical analysis - "predictive and reactive".
1.Predictive- Individuals make...
If we ignore the RESPONSIVE result and initiative move, We get the Channel. As per channel, Final support 70 points far from current trading value. But in the meantime, previously acted 10916 support. Channel Support is at 10871 nearby.
The price is attracting toward the Gravitating Value side, which is already drawn by "a", "b" and "c". In the short time of period, how and why price again coming("d")?
At the "d" point, we've got DOJI(price rejection).
x,y, and z are the demand area from where price bounce to the upside.
The following scenario can be considerable,
1) If a price is moving...
Detected Tail: price rejection with sellers activities.
A box which was drawn after the tail is sellers area. If price surge with above it and we see the again tail will confirm of selling 28310 nearby.
I ll update later accurate target.
As per the daily chart, fall is still left but the question is where to sell?
Detected tail in the last secession.
Let's look at a smaller timeframe chart.
Banknifty resistance starting from 27777 to 28073 as per channel.
The last update was for paid customers at 27777 for sale which was below (4).
Nifty is going to...
Reference of "time-cyclecle (i)", We have protime-cycle]timeCyclethe (ii) for target (4rth wave) at 11280 expected 20th AUG 2019.
The control price also can gravitate the price toward 11280, if this 3rd wave is clear.
Worry for long traders 10923 below. Suppose to break this level will create a heavy short position.
Nifty trading in the middle of the channel.
The channel, “Gravitating Price” which is from (1) to (7) is a magnetic price toward it.
There’re 3 excesses already display in the chart.
In respect of excess(iii), Nifty will create excess (iv) presented which is the expected range of 10811 to 10600.
This range of excess(iv) will strongly attract Investors...