Niftydirection

Niftydirection

Nifty made running triangle in wave B which is suggesting Correction phase in progress. This triangle consolidation break will bring 19800-900 zones. Triangle break can be confirmed after breaking 19600 or one can also wait for 19646 break. Below 19495 we need to revise chart. Nifty while going up also suggesting 20k break is delayed as it's in correction...

Niftydirection

The stock hit UC of 20% and has given Cup and Handle pattern breakout. Though the risk is with Stop loss its far away. Even with last possible support entry point at 279 and last invalidation point its more or less 15%. So if move goes against you be ready to loose 15-16%. Keeping in watchlist it may also continue upward trend but need to watch with caution....

Niftydirection

Cup and handle seen on Monthly and stock giving good result in last few quater. Can't share exact Stop Loss as price is already high and at risk. Targets can be 2-2.618 Fibonacci or more. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my...

Niftydirection

National Aluminum Triangle breakout seen. Upside potential till 1.618 fibonacci. All details in chart. DISCLAIMER: Educational Chart for awareness. Analysis is subject to market risks it can go wrong as well. Not recommended to take FnO positions based on this analysis. FnO Trading is Highly Risky business you can loose more that your trading capital. We are not...

Niftydirection

Nifty could have completed 5 wave impulse up at 18267. If this doesn't get broken then likely 3 wave drop towards 17550-400 zones possible. MACD negative divergence and open bearish gap suggest bearish trend to continue few days. 2nd Chart shows internal count of wave 5. It also shows 0 to 4 trendline about to be broken Next wave 2 of A will pullback Nifty up to...

Niftydirection

Stock near ATH, it has completed Expanding flat correction on Monthly scale. Following third wave rally should be huge. Had checked basic fundamentals looks attractive. Invalidation level given is based on weekly close which is 20% lower and is quite big SL and risky. Target 3x-6x based on fib extension 2.618-4.618 DISCLAIMER: There is no...

Niftydirection

Infosys is in Zig zag correction after making top near 1955. The Rally from covid low ends in 5 waves near 1955. Currently in Wave C which can head up to 1073 and worst case 700 which is 1.618 extension. Analysis invalidation level will be 1620. The LAST Time we analyzed it, moved as per chart DISCLAIMER: There is no guarantee of profits or no exceptions...

Niftydirection

In Elliott Wave this is referred to as Running Triangle whose final E leg pending. E could finish near 41400-350 zones in next session then break above 41680 will trigger rally minimum up to 42400. Analysis will be invalid if breaks 41250 DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels...

Niftydirection

Adani Stock are in limelight after Hindenburg research. Stocks have fallen heavily after the news and FPO had been withdrawn. Lets try to understand by combining Valuation fundamentals, Technical analysis and volatility. Also try to decode what usually happens after such wild moves. 1. Adani Stocks were on continuous rise after Covid drop 2. Valuations of some of...

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 and its levels discussed are solely...

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 but consolidation still doesn't looks...