Niftydirection

Niftydirection

Nifty completed today one five wave sequence up at 17220 then in b or wave 2 correction. Tomorrow any dip below 17000 to 16980 will get bought in for upside towards 17360-540 levels. Gap up opening or move above 17100 will be first confirmation of rally 2nd confirmation will be swing high 17175 break. DISCLAIMER:There is no guarantee of profits nor exceptions...

Niftydirection

Crude seems to be in expanding flat correction as wave A of B is clear 3 wave structure and B wave moved past start of Wave A. Wave C of B is extended 2.618 fibonacci levels. Wave 5 of C of B is getting rejected at 0.618 fibonacci level also MACD have given negative crossover these are couple of negative signals. Break of swing 88 will confirm downside as it...

Niftydirection

Nifty has completed channel bound ABC zig zag correction crossed near 70-80 of fall from 17800. Price has formed ending diagonal pattern in wave 5 of C also negative Divergence on 5 min chart. We may start dip tomorrow if breaks 17570 levels. Stop loss must be kept as top of 15 min candle breaking 17570 for downside towards 17430 then 17270 DISCLAIMER:There is...

Niftydirection

Stock looks to have completed Expanding Triangle pattern in wave 4 and have bounce after taking support near 3700. On longer term horizon stock is making rounded bottom pattern which after completing should make cup and handle pattern. Wave 5 targets Entry and stop loss as per charts. DISCLAIMER:There is no guarantee of profits nor exceptions from...

Niftydirection

Nifty enter more consolidation phase as wave Z looks have started will take 2-3 days more. Broken and closed above 0.382 fibonacci levels today next aiming for 0.618 fibonacci level at 17770 Bearish view will get activated as soon as breaks 17244. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart...

Niftydirection

Nifty looks be in deep correction currently in 4th wave which should be flat, triangle or complex correction towards 0.382 fibonacci levels. 5th wave to start after this correction. Alternative 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...

Niftydirection

Shyam Metalics and Energy seems to have completed ABC zig zag correction at 300 and came out of channel. Channel breakout confirmed after it crossed 338 and while coming out formed rising wedge pattern or leading diagonal pattern. Leading diagonal are found at start of new trend. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical...

Niftydirection

Stock looks to hgave broken out of consolidation 4th wave and started 5th wave 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...

Niftydirection

Stock is in wave 2 zig zag correction and dropping towards 0.618 Fibonacci. Good to add in range 2500-2200 with Stop Loss 1980 for long term for 2x-3x returns 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 research. You are advised to rely on...

Niftydirection

All details mentioned on the chart as per Elliott wave. 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 future returns....

Niftydirection

Any bounce in stock is short opportunity with SL 1809. Best to wait for confirmation break below 1669 for drop towards 0.236 fibonacci 1530 then 0.382 1330. 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...

Niftydirection

All details on the chart if you get any pullback towards 250-40 zones add with nearly 15% stop loss for 25-28% target 1. Mostly it will hit target 2 as wave 3 was not extended. Also channel on wave 3-4 broken so it would be bullish. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the...

Niftydirection Updated 

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 an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before...

Niftydirection

Thermax today came out of long consolidation and gave flag breakout. Wave 5 is started and expecting to go towards 1900. Other details with entry and stop loss 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...

Niftydirection

Ultratech Cement had stellar rally from 2900 to 8000+ looks to be heading max 8532 which is max possible upside for it as wave 5. Then a corrective wave will start towards 6300 which is 0.382 fibonacci levels. Notice MACD Negative Divergence price making higher high and MACD higher lows. DISCLAIMER:There is no guarantee of profits nor exceptions from...

Niftydirection

Nifty after going continuously up taking breather. Currently in triple zig-zag correction of which XX wave in progress which is expected to be flat till 17915-70 levels. The last correction wave is suppose to end near 17180 if we consider nifty starts drop from 17915. Z wave targets will change based on where flat ABC (or XX) end. Off course bounce is expected...

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...