Niftydirection

Niftydirection

Dip towards 1070-50 long opportunity for 1200 SL 1000 on daily closing basis. Disclaimer: Calculated and plotted values may vary and change. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing.

Niftydirection

This is just analysis of Todays Nifty movement. As per theory wave 2 was sharp the wave 4 will be complex correction based on this identified wave 4 as Triangle when It completed wave D. Post that it was simple to ride both Wave D and E and then Triangle breakout on close above 11500 on 15 min chart which is wave 5. Just for study purpose only.

Niftydirection Updated 

Bank nifty sharply corrected today after extending wave 3 exactly 2.618 Fib level. Today it corrected to 23385 which is near to 0.5 fib levels 23250. Closed above major support 23605. Based on this we can conclude that despite big fall it didn't break impulse wave structure and likely to go up. This analysis will be invalid if touches 23211 then we may be...

Niftydirection Updated 

Kotakbank looks good for 1550 1680 levels after breaking out with good volumes. Long near 1450-1425-1400 Stop loss 1340 on daily basis. Disclaimer: The investments/trading ideas discussed may not be suitable for all investors/traders. Therefore, you must trust your own analysis and judgment on equity before making investment/trading decisions. The report provided...

Niftydirection Updated 

Stock looks bullish with Impulse 1 and 2 completed and started Wave 3 broken high of wave 1 All dip towards 1565-1500 long opportunity Stop Loss 1180 on daily closing basis, target 1990 short term. Disclaimer: Mid cap share so don't invest too much capital in it. This investment may not be suitable for all investors or analysis can be wrong so ask your...

Niftydirection Updated 

Stock looks bullish with Impulse 1 and 2 completed and started Wave 3. Break and close above 82.2 on daily chart confirms up move. All dip towards 80-75 long opportunity Stop Loss 60/58 on daily closing basis, target 130-135 in short term. Long term 250-270+ since fresh rally should break previous high and continue up move Disclaimer: Small cap share so...

Niftydirection Updated 

ICICIBank respecting lower line of pitchfork pattern. Tripple Zig Zag in C correction wave. Multiple major resistance 364,375,385 above which 410,442 is expected. Entry 360 Stop Loss 335 (7%) target conservative 410(13.9%), Aggressive 442 (22.7%)

Niftydirection Updated 

Century Textile gave contracting triangle breakout. Big volume breakout after consolidation. Long near 310-330 STOPLOSS 274 Targets 355, 380, 480-500(long term) Non risky can wait for confirmation close above 328 on daily charts. Disclaimer: Calculated and plotted values may vary and change. This investment/trade may not be suitable for all investors. Do...

Niftydirection Updated 

Bank nifty started up move after breaking 22440 to 23000-23200 as mentioned in previous article. Now wave 3 could be over expecting long and shallow 4th wave correction till 0.38 fib level which will be tough to trade. Current assumption is wave 3 of recent rally completed near 23682 which 1.68 fib levels where wave 3 usually end. Short all rise near...

Niftydirection Updated 

Stock currently in upward trend and may break upside. Wave 4 has formed skewed triangle and about complete final Internal Wave E. Long in the zones of 199-195 Stop loss 179 ( if hits loss will be ~10% of entry price) breaking 185 will be tough. Targets for Wave 5 235(as per fib extension drawn between wave 2-3-4),245-250(aggressive) Notable resistance 212 non...

Niftydirection Updated 

Stock post touching 650 broken Consolidation started going south till 152. From 152 it made retracement fib levels 0.5 completing first 5 wave impulse Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse. Long all dips towards 270 Short term...

Niftydirection Updated 

Deepak Nitrate shows Bullish bias for 3rd Elliott wave target 870. Conversely it's cup and handle breakout with cup height ~260+600(breakout point) =860. Stoploss 550. Entry on any dip towards 600. If Wave 4 retraces 0.382=712 then wave 5 target 960-70 If Wave 4 retraces 0.272=772 then wave 5 target 1032 Calculations and actual movement in stock may differ ask...

Niftydirection Updated 

All dips till 200 long opportunity for target 260, 286-300,360. SL 180 on daily basis. Disclaimer: small cap stock highly risky so consult your financial advisors before investing. Defined values may vary in actual price movements.

Niftydirection Updated 

Nifty formed Bullish candle today 19th Jan. Formed Cup and Handle formation if closes above 11430 we could see nearly 11700 Cup height or even Cup height 11900+ or 12k+. SL as per your risk capacity or 11270 Disclaimer: Do your own study or ask your financial advisors before investing/trading. This analysis can be wrong as well.

Niftydirection Updated 

Banknifty formed Parallel channel post march lows. Currently in Wave 4 and correcting. Now probably forming Tripple Three Elliot Corrective Wave which is long and shallow correction (0.382 fib level) between 21000 to 23000. If it reaches 23000 levels and starts reversal then we can definetly say it as Tripple three elliot wave and can plan for wave Z. Price...

Niftydirection

Stock post breaking Leading Diagonal started upside with big volume. Long all dips towards 330-310 Wave 3 has started which should move towards 400-420 (1.68 Fib level) zones. STOP LOSS 277 In longer horizon Wave 5 (equal to Wave 1) positional target 475. Wave 4 will be complex and long correction towards 365 (0.382 fib level). Disclaimer: Calculated and...

Niftydirection

VGuard broken falling wedge with big volume. Stock looks to all set to move up towards 230 levels if takes out 184 easily. Failure to break 184 will form symmetrical triangle. Any Dip towards 165 long opportunity SL 158 on daily basis. Target 180, 200 230+ Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave...

Niftydirection Updated 

Stock post breaking Triangle currently in consolidation at upper channel line drawn from 9929 level. Red Marubozu on Fri 14th Aug 2020 tells start of down move. Wave 2 is starting probably gonna consolidate and go down towards fib levels 0.382 (6385), 0.5 (6264). All bounce towards 6600-6700-6800 short opportunity STOP LOSS 6900 Potential to hit 6400 6300...