Niftydirection

Niftydirection

Marked are waves from Covid low towards top as 5 wave impulse structure. Price from Covid low crossed 0.236 by good margin so next is 0.382 Fibonacci near 14300 While making low of 15183 price got thrown below channel the balance has set when price made high 17992 and was thrown above channel. Wave II of larger degree is currently in progress from 18605 and it...

Niftydirection

Gold Wave 3 ended after Covid Rally at 2075$ then went in consolidation for long time. Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern Wave B retraces 90% of A and then Wave C breaks low of A. Wave C is 5 wave impulse or diagonal structure Wave C in this case could be Ending Diagonal Pattern which is expected end between...

Niftydirection

Crude in WXY double zig zag correction. Currently wave C of Y in progress. All internal waves of C wave are overlapping one another that leaves only one pattern to be considered as "Ending Diagonal" or falling wedge Break of this pattern on upside would reverse price (at least temporarily as there is chance of Triple zig zag too) Looking at wave 5 of C we can...

Niftydirection

Details on chart just for study purpose. Don't jump on trade in advance this is just forecast so relax. In case Nifty breaks 0.618 Fibonacci and goes below 16000 then can consider dip started this has low probability. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock...

Niftydirection

Nifty currently in Z wave heading above 16k. Expecting 16050-16180 levels max on upside Rise would be slow. Details mentioned on chart. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any...

Niftydirection

Nifty post forming Leading diagonal now has staryed wave C which is expected to reach below previous low 15671. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading...

Niftydirection

Wave 4 expected to end near 16450. Wave 5 pending we will see it getting completed tomorrow near 16300-250. Consolidation is then expected as ABC correction. Not much happening this week. Fall should continue next week. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views...

Niftydirection

Banknifty recovered up after fall from 34820. Currently wave 2 of zig zag in progress. Risky option would to go short near 34700 with SL 34820 or can wait for confirmation break of 34530 for downside fall minimum target 34000. Wave 3 will go beyond 1.618 fibonacci extensions level. Channel break needed for sharp fall so watch as plotted on...

Niftydirection

If you Like Analysis then consider donating Tradingview Coins with Cheers!! :) First Look at larger picture on daily chart that we are in Triple three complex correction We are expecting wave iv or 4th wave of C to be Triangle but its advance assumption. Until wave D of triangle completes and bounces it can't be confirmed...

Niftydirection

Wave B looks to be completed and drop looks to be in progress. All other details on chart DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not...

Niftydirection

Banknifty Elliott wave count as shown in charts from wave 1 to 5. Currently we are in complex wxyxz correction. The final Z wave should be in progress which should break previous low. The new low is expected to be between 31400 to 30000 The drop from X wave can be looked as Zig zag correction on downside with current wave B in progress and will start C wave...

Niftydirection

Details as per added on chart waiting for day high 17724 to be taken out. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of...

Niftydirection

IDBI making leading diagonal pattern after recovery from 40 odd lows. Expecting it to move towards 70 in wave V of leading diagonal. Stop loss as mentioned on the chart. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own...

Niftydirection

Voltas previously moved out of flag structure and gave retracement. Now again made 3 white soldiers candlestick Pattern on daily chart. Upside expected towards 1440-1528 with SL 1243 DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to...

Niftydirection

Nifty running up from 15671 like there is no resistance upside. But when you take a closer look the the price is not straight up but its curving downside. momentum loss is shown by MACD with negative divergence. Hence the title THE END OF THE NEW BEGINNING Price is going up as wxyz correction to previous drop and expecting end between 17890-18200 levels The...

Niftydirection

Timken is moving in channel since Covid drop volumes looks returning On weekly chart MACD about to give positive crossover. Currently Broken out of Triangle and is in consolidation. It looks to be in 5 of 3 wave which should be sharp up. Can go long near 2150-2050 range with SL 1905 for targets given in the charts which are 0.618 and 1 fibonacci...

Niftydirection

Gail looks to have come out of wave 4 and now making leading diagonal for starting wave 5. Leading Diagonal chart as below Upside potential of almost 60% expected targets near 230. One can look for lower target as well of 0.618 extension near 190. Details of entry exits and targets as per charts. DISCLAIMER:There is no...

Niftydirection

Nifty is in complex correction going upwards from 15671 low which is called as wxyz correction. From low of 17006 nifty started final wave Z of which A and B looks completed today near 17199. Tomorrow it should start fresh up move after breaking 17308 immediate move is expected towards 17500. Z wave should end near 17800. Conditional entry above 17308 with...