Niftydirection

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...

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 guarantee of profits nor exceptions...

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...

Niftydirection

Nifty is expected to first drop as X wave then Z wave going to take it Up. Downside expecting towards 17150 to 17050 which 0.382 fibonacci level of Y wave. Z wave expected to end between 17800-18000 levels 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

Stock on weekly time frame has given flag breakout and looking bullish. MACD has given positive crossover above zero line and MACD histogram also turned positive which are signals for upside Expecting wave 5 to extend more than 0.618 Fibonacci levels. Entry SL and targets are as per charts. DISCLAIMER: There is no guarantee of profits...

Niftydirection

Nifty came up sharp 1000 points from low of 16671 in just matter of 3 days. Wave B looks to be triangle consolidation and has went max 0.236 fib retracement now to break it gap up opening needed. Wave C minimum expected to go 0.618 Fibonacci extension then next 1 extension near 17500. DISCLAIMER: There is no guarantee of profits or no...

Niftydirection

As you read from image description that's pretty much all there is to learn on this pattern. Thomas Bulkowski in his book "Encyclopaedia of Candlestick Charts" mentions that this pattern predicts higher prices with an 83% accuracy rate. Do you Remember Nirmala Sitaraman Candle? Yes that's three line strike which was formed after budget was announced on 1st Feb...

Niftydirection

Infosys recently made high near 1845 and got rejected from 0.618 Fibonacci. The recovery it made from recent low 1665 was Flat abc(pink colour) correction where b was exactly touching start of a then wave c retraced up to 1.382 Fibonacci extension near 1845 On Larger degree correction not over yet and looks to be ABC zig zag correction which can take Infy...