The_Trader14

01:16

The_Trader14

Wave 5 extended till 0.707 fib level. Expect good correction. It already shown a reversal in Daily timeframe from that level and closed lower. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14 Updated 

Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14

Levels as per chart. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14

The Wave 4 been a very challenging correction and a swift one. It been a learning phase in my Elliot wave journey. Apologise for the previous incorrect count. Had to remove previous points and do the count again. Chart has the latest points. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial...

The_Trader14 Updated 

Do stay entirely bearish as the big correction is still pending as 5th wave is not done yet. The Impulsive wave has one last push pending. "Be greedy when others are fearful." Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14

Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14

Bnf correction is done. I expect it to stay above the support area zone in the chart going further and will be looking forward for 5th wave. Entry point will be after closure of any green candle above the resistance line. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making...

The_Trader14

Updated chart. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14

Bnf has shown a good buying pressure and opened gap up breaking the upper trendline. Had to rework on my wave count and chart patterns. Bnf did sustain above the trendline and gave a closure about it. Hence above the trendline it is bullish and will continue making wave 5 if it sustains the bullish momentum. If bnf moves below the trendline then it will call...

The_Trader14

Wave "C" 5th wave will happen only after breakout of flag on downside. After which we can expect a good pullback upside as shown in the chart. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14

Our previous planned targets are met in span of two days. Hence had to work on next move. Follow the chart. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14 Updated 

As shown on the started BnF 5the sub-wave of the 3rd impulsive wave is completed with a wedge pattern. Hence it has started its trend for wave 4 minor correction. RSI is also confirming a divergence and signals for a correction. Wave 4 can make the double top and then go for fall as shown in the orange line or can directly go for fall as shown in pink. Let the...

The_Trader14

Keep an eye on it. If the neckline is broken with volume then the target is shown on the chart. If it takes reversal from resistance zone and crosses the low of right shoulder then pattern invalid. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14

As per chart it looks like 5th wave has started and it trends then it will go above or least test the higher levels of wave 3. Until and unless 5th wave is above the blue line it is tend to go up. As highlighted it is taking support on the blue line. Do not expect any upside momentum in BnF until and unless it breaks upside. The moment it breaks downside of...

The_Trader14

Currently, it has taken support of our leading diagonal lower line. Expect it to recover from here. If BnF breaks the pattern and enters into bearish zone then it will move into bigger correction zone which will result in more fall. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor...

The_Trader14

As shown in the chart BNF is in leading diagonal patter and currently 5th wave running. Expecting it to breach the third wave and test the resistance levels marked in the chart in coming days. Stay safe and trade safely. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14

Banknifty is taking a fall after a good uptrend. This fall is not surprising as it can be a profit booking after it made a new high. I am still on the bullish side and the probable reversal zone is marked. I will be entering there with the stop loss marked. If the trend starts reversing from the zone then it will make another high till a new correction is...

The_Trader14

Banknifty has broken the support in the second attempt. It has breached the support with long bearish candle. The flag pattern which we spoke about in my previous post became invalid with downside breakout. A pullback can be seen as highlighted in the chart but it could not close above the support as it faced rejection at the level and also at the green...