KGHM the German commodity producer, on a daily chart, from the recent swing top, seems going down to make 2nd wave of the impulse possibly. There are difficulty in the assumption. Still with the invalidation line, we can assume the upward swing soon.
KGH is a German Copper and silver producer. From Lows of 9.5 TO 230.8 recently and then a down move. The EW analysis puts a possible upward movement in a short time.
From the lows in 1973 to the current further weakness in INR against USD may continue till the 5th wave, But may test the correction for a lower value and then going up again before going for a big correction further.
A long journey - From the low of 39 to highest value 80.2 on 1-Jul-22. The INR has been week against USD and may make stronger in coming days during the correction.
Was wondering of the new target that we take for bank nifty after the explosion from the last 32400ish. I am not a professional in trading. Just checking if the new target may make a sense.
Bank Nifty has been going up and down recently and an explosive upwards today. While checking the Elliot wave pattern for this, i find a possible triangle and the movements prediction based on that.
Bank nifty analysis was done yesterday to see where it is going by Elliot wave way. It was showing a trend to upside possibly further up, the invalidation line is not drawn up yet, or the target of 5th wave is not finalized.
