WaveMoku

WaveMoku Updated 

Time: 10:22 AM, 26th June 2024 Bank Nifty Current Market Price: 52,585 Stop Loss 53100 Targets: 47843, 44,897, 44,444 and 40135 We shared our view on Bank Nifty (BN) in yesterday's post. A few people asked us to share the complete wave count in BN in detail with trendlines. Bank Nifty has completed its degree (2020-2024 wave). It has to go down for Degree 2,...

WaveMoku Updated 

We can go short in BN positionally with very small Stop Loss.

WaveMoku Updated 

Bank Nifty Monthly Chart Wave Analysis: June Candle: 2 more days left for the candle to close. Current Market Price: ₹51,575 We drew all possible resistance trendlines and channels, and Bank Nifty has clearly broken out above everything(just 3 days left for June candle to close), with the wave extending. Elliot Wave Analysis : Initially, we counted the...

WaveMoku Updated 

Based on Ichimoku 1 hour, we are going long in Nifty with small SL. The target can hit in 3-4 days. Since it's positional setup, option selling with right edge is a good option. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before...

WaveMoku Updated 

Bank Nifty was trading in a small range for last few days and completed time wise correction. Bears failed to hold it below 50050(.786 fib level), so high chances of hitting 100% and goes up in extension to hit the channel top. As per daily time frame Super Trend and fib channel we have a great opportunity in long with small SL. Stop Loss below 50130...

WaveMoku Updated 

Please refer the chart. Long Entry Trigger Point - 51600 Stop Loss - 51406 Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions..

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CHOLAMANDALAM (CholaFin) Chart Analysis As per Elliott Wave analysis, CholaFin is still bullish. The price reversed after a strong bullish divergence in the MACD and has completed the subwaves of Wave 2 of Wave 3. Currently, it is moving up in Wave 3 of Wave 3. Use Ichimoku for entry & exits (Daily time frame): Entry Point: Look for a good dip to enter and...

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We are expecting Wave C and the targets mentioned in the chart. - Selling July Nifty Future (CMP Jul Fut - 23685) with July Month ITM CE Edge is safe. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.

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Analysis Date: June 24, 2024 Marksans Pharma Stock Analysis: General Trend: The stock was in range for years, the previous monthly high for Marksans Pharma was Rs. 115 in August 2015. According to Elliott Wave theory, this marked the completion of Wave 1, followed by a correction and completion of Wave 2 on March 2020 and entered Wave 3. A breakout above...

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We have a good 1:2.5 RR shorting opportunity in Bank Nifty. Entry: 51405 Sl: 51734 Target: 50554 Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.

WaveMoku Updated 

Reason for Going Long in Nifty: Wave Analysis: Nifty is rising gradually in a 12345 wave pattern after a quick crash on June 4th. Wave 4th was a time-wise correction and spent one week in a small range. Target: The 127% Fibonacci level is our first target. If Wave 5 extends, we can aim for 24600 too. Stop Loss: We will exit the long position if a 1-hour...

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We have explained everything in the chart. Please refer to it. Let us know your thoughts in the comment section. Thanks, Team Wavemoku Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.

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We received many requests to count the Nifty chart with subordinate counts and potential targets. Here is our Elliott Wave count with detailed markings. We are open to discussing this in detail. Feel free to comment! Regards, Team WaveMoku

WaveMoku Updated 

Reason for shorting: As per Elliott Wave theory, Bank Nifty has completed the 1, 2, 3, 4, 5 moves, and wave 5 went up in a contracting triangle ED (Ending Diagonal). It has completed a degree, and now we are expecting a correction. Based on Fibonacci retracement levels, our minimum targets are 0.618 and 0.786. Time Frame: Weekly Stop Loss: Above ATH...

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Is Indian Energy Exchange (IEX) all set to fire up? We are expecting big targets based on the following key technical points: Great Correction (Fib): The price underwent a deep correction of more than 61.8%, almost reaching the 0.786 Fibonacci retracement level from the top. Price Action Structure Change: The price has changed structure since it broke the...

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Nifty Analysis: Previous OI PCR: 1.3 General Trend: Nifty has spent 5 months near the middle of the channel on the monthly chart and is now looking to break out. On the daily chart, since June 10, Nifty has been trading within a narrow 300-point range. From June 5th to 14th, no candle on the daily chart has closed below the previous day’s low. Over the past...

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Disclaimer: We not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.

WaveMoku

Disclaimer: We not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.