Niftydirection

Niftydirection

IRCTC witnessed massive drop hitting 2 circuits. The drop took it to 0.236 fibonacci retracement levels. Assuming todays drop as Wave A next consolidation as wave B and see some pullback it could be till 5800. Wave C should drop towards 0.382 fibonacci levels. This ABC correction move should suck and digest all the rally it made so far then next Upmove as...

Niftydirection

Following are common things one can spot on weekly chart which happen before fall/crash of 2008 and 2020, similar thing can be found in other indices and on all time frames in chart 1. Price will continue to make higher high RSI or MACD indicators will show trend exhaustion with lower high not breaking previous high 2. Series of Negative divergence is seen on...

Niftydirection

Federal bank gave bullish close above falling trend-line and breakout point was placed at 92.5 It has given breakout from Inverse head and shoulders pattern. IH&S are most commonly found at bottom of downtrend they are reversal patterns. Can enter long near 89-90 with Stop loss 70 for 149 target DISCLAIMER:There is no guarantee of profits nor exceptions from...

Niftydirection

Fertilizer stocks on the move. Consolidation happened in Deepak Fertilizer in wave 4 is expanding flat correction which ended at 0.236 fibonacci retracement . Long near 420 with strict SL 380 for 600-640 and if got lucky then extended wave 5 targets of 800 possible. Channel Breakout will give extended 800 target confirmation. DISCLAIMER:There is no guarantee of...

Niftydirection

Markets often move in Channels be it range bound, Strong Up or Down. Channel helps to project direction and next reversal points. Combine Channels with one of momentum indicators MACD / RSI then spot divergences and channel moves will start making sense. Details are added on chart. Happy Learning.

Niftydirection

ESAB INDIA is forming flag volume has picked up in recent days. The Company stands 3rd position in terms of market cap in Electrode Manufacturing Industries. Entry near 2200 with SL 2083 for target 2550 and extended 5th wave target of 3040 aas wave 3 wasn't able to break channel. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The...

Niftydirection

Most common found pattern. Its temporary pause to extended rally. Key to identify this pattern is rejection after breaking wave A start. Always look for very smaller margin rise above start of wave A. C wave is sharp fall to reach 0.382 Fibonacci retracement of rally. All other details explained in chart. Comment your doubts.

Niftydirection

All details on chart wait for Confirmation entry and then long with proper stop loss as per your risk capacity 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...

Niftydirection

Refer Previous banknifty analysis below. Banknifty today started wave 3 which clearly visible with bullish candlea getting formed tomorrow gap up most likely to happen. Internal iii of 3 looks to retraced 0.382 fibonacci which is irregular correction on 5 min chart. Internal Wave iii of 3 reached 1.618 fibonacci level which was day high. So now wave v of 3...

Niftydirection

If you ask why Wave 4 (in blue) is deep almost touching Wave 1 then that's based on Elliott wave Alteration Guideline. Wave 2 was flat so wave 4 will be zig zag and went deep. Rest all stuff explained 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...

Niftydirection

Nifty today started 4th wave correction. Elliott wave Alteration theory says when wave 2 is simple flat/complex correction then expect wave 4 to be zig zag. Retracement entry near 17112 with SL as wave B top 17148 target will be 1.382 and 1.618 fibonacci extension of wave A. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study...

Niftydirection

THIS IS MICRO CAP STOCK don't allocate too much capital based on this analysis Stock has subdued upward move with increasing volume . Wave iii was channel bound and moved little more than 1.618 that means wave v will extend Wave v non extended target is at 0.618 Fibonacci extension 230 and extended target 280. Stop loss 160 and entry near 190 can be taken...

Niftydirection

Wave iv was complex wxy correction and found support 0.618 fibonacci level of wave iii. Wave targets 0.618 of wave i+iii 36034 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not...

Niftydirection

Tatamotors Came Up from recent low with heavy volume. Retracement happened near 0.382 fibonacci levels 281 Looking Good for start of Wave 3 towards 315 as 1.618 fibonacci extension DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while...

Niftydirection

Wave B is complex correction which retraced more than 0.618 fibonacci level of wave A. Wave B can strech upto 16695 which is 0.382 fibonacci. Stop loss of this analysis will be 16703 just a point above all time high. Downside C wave targets would be 16400 or 0.382 fibonacci level retracement 16250. DISCLAIMER:There is no guarantee of profits or no exceptions...

Niftydirection

Nifty wave A is 3 wave structure completed near 16376. Wave B was zig zag correction moving more thann 0.618 fibonacci level of wave A. Considering 16592 as top Wave C is expected to end in zones 16275 (100% of Wave A) to 16153 (138.2% of Wave A) DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal...

Niftydirection

Nifty retraced 0.236 Fibonacci with Irregular flat. Wave C of irregular flat was ending diagonal which finished at 16495.40 Upside wave 5 target is expected to move 0.382 Fibonacci extension 16660 or 16760 which is 0.618 Fibonacci. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the...

Niftydirection

Nifty 15 min chart looks wave iii completed today for upmove started from 16162. Wave iv is expected to end between 16505 which is 0.236 fibonacci retracement or 16453 0.382. Consider 0.382 fibonacci retracement wave V target will be 16716 if reversal takes place from 16505 the target will be 16770. DISCLAIMER:There is no guarantee of profits or no exceptions...