Kinnari_Prajapati

Kinnari_Prajapati

Price gaps can be classified into four types: common, breakaway, acceleration, and exhaustion , During moments of consolidation, common gaps appear and mean virtually little. The other forms of pricing differences are extremely significant. Breakaway gaps: Early in a trend, breakaway gaps appear. Acceleration gaps are simple to spot and provide a wealth of...

Kinnari_Prajapati

Elliott Wave Methodical Structure This is a motive cycle of the Elliott Wave in which you can observe waves 1,3 and 5 are in direction of a trend. Wave 2 and 4 are against the direction which is called a "Corrective Wave". Five-wave structures, numbered (1)-(5). In the direction of the main trend of one larger...

Kinnari_Prajapati

Do you ready for correction in NIFTY 50? The Wave (iii) almost moved into the "Ride Extended" wave. The price expecting correction(fall) very shortly after completing wave(iii). In the Corrective-Phase, you have 3 patterns: 1. Flat, 2. Zigzag and, 3. Triangle. I've applied here "( CHANNELLING )" which is one of the techniques to determine the upcoming...

Kinnari_Prajapati

I get a lot of questions about Elliott Wave but a particular question often received from the followers: Where to start wave counting on the chart? How do I begin/start wave counting on the chart? How do you do Wave Counting? I’m going to introduce working 3-tricks which are used by me while establishing Elliott Wave Counting on a chart. These are my...

Kinnari_Prajapati

Nifty can climb for the new high and the price is trading under the wave (iii). The 16593 is important to level for the long positional traders. The closing 16701 above can boost the price new high for you. We can see more upside gaps. Note: I don't expect the price of 16593 below.

Kinnari_Prajapati

(W) is still not confirmed but the price is 401 can be possible for an upside move. As per EW, very short-term traders can take long 404-407.5 in range with a protective stop below 401. Last update on SBIN:

Kinnari_Prajapati

Trades must active after a clear sign: 1. sell @418.2 2. sell @416.8 Potential Target: 409.35/401 and 395.9 Stoploss should be 420.1 above TF - 4hrs: Daily Chart TF:

Kinnari_Prajapati

I have given 2 examples of correct and incorrect wave count. You may lose opportunities due to incorrect wave count.

Kinnari_Prajapati

If wave ((4)) is completed at 2816 then we are on the (2) wave of wave ((5)) or We are still on the sub-waves of wave ((4)). stay tuned for new Update.

Kinnari_Prajapati

The wave clean and clear. The price is trading for wave 4 corrective of ((v)) impulsive wave. The long Entry can be as counter wave 4 sub-wave and the main trend is up. For the Entry level, we have to move lower TF.

Kinnari_Prajapati

It looks like the correction Phase is complete at wave (c). focus on key levels will be beneficial. we are going to ride on wave 3. wave 4 can't exceed the starting point of wave 1. There is invalidation below 2044. I will upload Lower Timeframe analysis.

Kinnari_Prajapati

Probability : wave 3 if ((iv)) completed. Suppose to (a), (b) and (c) correction. We'll be ready for correction wave (c) 260 at 0.382 and at 307. Lower TF is more recognize the clean and clear the corrective pattern. I suggest working on 4hrs or 6hrs TF. Let me know if you want me to work on lower at TF in the comment section.

Kinnari_Prajapati

Floor Pivot Calculations Pivot Point (PP) = (H+L+C)/3 First resistance (Rl) = 2*PP –L First Support (Sl) = 2*PP - H Second Resistance (R2) = PP + (Rl-S 1) Second Support (S2) = PP - (Rl-S 1) Third Resistance (R3) = R1 + (H - L) Third Support (S3) = S 1 - (H - L) Where, H=High, L = Low, C = Close ...

Kinnari_Prajapati

I am back with an exciting topic. I am starting this topic with a simple question, Are you finding consistent profit In your trading? If yes, then you can skip this chart and congratulations! Now let's talk about the rest of the traders. Indeed, most traders do not find profits consistently, instead end up losing their money. It doesn't matter which market they...

Kinnari_Prajapati

Prints when the market is indecisive. Price market higher lows & lower highs. It is the situation where supply and demand are near to equal. The trading range becomes smaller and smaller within the triangle. It represents a pause in the exhausting trend after which the original trend is resumed. 1) The minimum requirement for a triangle is four reversal points....

Kinnari_Prajapati

The price is under the (iii) wave and I already updated in my status yesterday to take a long position in nifty. Still, you can check my status. The Wave (iii) of wave ((v)) will be over soon and we can see fall shortly for wave (v) of wave ((v)). We can use retracement and correction patterns for identifying the wave (iv). Let's move to determine sub-waves of...

Kinnari_Prajapati

1.2124 is key level if you want ride on wave c of ((y)) but there is weakness bellow 1.2124. it suggests that wave iv is complete and USDCAD is heading lower.

Kinnari_Prajapati

formation Bellow 1.4073 is corrective.