I Told You So… The Market Whispers! Can You Hear Them? Back in April 2024, I warned you to be careful as the stock approached key resistance at 314, forming a Bearish Bat pattern with a Potential Reversal Zone (PRZ) between 300-275. The stock topped at 287, right at the edge of invalidation. Yet, if you got convinced of the rally above 300, then...
(Disclaimer: This analysis is for informational purposes only. Consult your financial advisor before making any trading decisions.) As anticipated earlier in the day at 12:03 pm BankNifty faced selling pressure right at the resistance zone of 49,600-49,665, leading to a sharp fall. Sharp Fall After 45 mins of Patience at 12:45 pm Was the sharp...
WaveTalks Market Update - Budget Day Breakdown (Feb 1, 2025) The much-anticipated Budget 2025 has failed to cheer the markets, triggering a sharp sell-off that aligns perfectly with a classic Ending Diagonal (ED) breakdown. Technical Setup - ED Play in Action! For those following the Elliott Wave roadmap, the Ending Diagonal (ED), also known as a...
Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions. WaveTalks Market Insight – The Next Big Move? As discussed in the last idea, the market witnessed a failed impulse as per the dea mentioned below, leading the Index to drop to slightly new lows on 27th Jan 2025 ...
As Elliotticians, this is one of the cardinal rules often overlooked, leading analysts and traders into traps. However, knowing the "line in the sand" where you could go wrong—48610—is crucial. Getting the opportunity and executing the trade is another challenge, leaving no room for emotions. Emotions in trading can be dangerous; in fact, managing emotions is...
As discussed early morning .... 49000 was our key & psychological level ... Index dropped & came close to 48500-48600 zone Falling From 49000 Level Support Zone 48500-48600 Makar Sankranti marks the Sun's transition into Capricorn and the beginning of an auspicious period. Historically, equity markets turn optimistic post-Makar Sankranti, driven by...
Rallied into the gap zone (51775-52000)—just as suggested! Did you read the last idea? Last Idea on Bank Nifty If yes, you’d have nailed the halt near 51740 & the pullback to 50951. What a session for the day ! Regards, WaveTalks Market Whispers! - Can You Hear Them
BankNifty Analysis Current Scenario: - As discussed earlier, the rising trendline has been limiting the upside movement since the RBI Policy announcement on 6th Dec 2024 - The price is the primary indicator; economic news often lags behind price action. Elliott Wave Analysis highlights this effectively, using channels and trendlines as key tools. -...
As per our last update via comment: “Bulls will remain strong if the index holds above 52,600.”... 5th December 2024 The rising trendline halted the index at 53,888. 6th Dec 2024 Post-RBI policy today, the index again paused near the rising trendline. The big question Will the buying zone of 52,500-52,600 come into play again? And if it does,...
As we discussed on 1st Dec 2024, an upside move towards the recent high was anticipated. If the recent high holds...then what? I'm glad to see we got a strong 900+ points bounce in Bank Nifty Index since Monday, 2nd Dec 2024. This aligns exactly with our weekend discussion. Elliott Wave Analysis (Advanced School of Thought) This could be a classic market...
In last week's video, we anticipated significant moves across BankNifty, Nifty, Gold, and Bitcoin, all aligning with NDA+ victory in the Maharashtra Assembly elections. Here’s a quick recap and what to watch next: BankNifty: What's Next? - The index could face resistance in the 51650-51950 zone as a Bearish Shark pattern unfolds along with falling channel...
As discussed in yesterday's video, we're expecting a thrust in Bitcoin towards the 100K USD mark. Will this milestone become a reality soon? 🚀💰 Irregular Triangle An Irregular Triangle has beautifully unfolded, setting the stage for an upside thrust as per Elliott Wave Theory. This pattern, characterized by its distinct higher highs and lower lows within...
As discussed last .....BankNifty unfolding a triangle & again took support close to 51000 which is most important support zone 50800-51000 Can we get Wave-E upside & achieve 800-1000 points target upside Strictly -----No Buying ------If Index drops below 51000 ................... Regards, WaveTalks Abhishek
As we discussed in the last idea .... Magical support zone gave us 1000+ point rally so far -which is part of Wave-E as per Elliott Wave Triangle #elliottwave #waveanalysis #endingdiagonal #fallingwedge #trianglecorrection #trianglewave #correctivewaves WaveTalks Snapshot Last Idea - Elliott Wave Triangle: The Black 2024 Effect Regards, WaveTalks...
Elliott Wave Triangle: The Black 2024 Effect – The Calm Before the Breakout The Endless Loop of Black (2024) Movie and BankNifty In Black (2024 ), a couple is trapped in a never-ending time loop, going over the same path again and again. The BankNifty Index seems to follow a similar pattern, moving in waves that repeat familiar highs and lows. This...
Disclaimer: This is for informational purposes only and is not a solicitation or offer to buy or sell any securities or products. Consult Your Financial Advisor As per last idea we proposed that holding 51000 & above BankNifty Index can push upside towards 52050 & Above 52100 - can look for 52900-53100 Happy We achieved 78% of the target & got the maximum...
Disclaimer: This is for informational purposes only and is not a solicitation or offer to buy or sell any securities or products. -------------------------------------------------------------------------------------------- Recap from 25th Sep 2024 Giant Crack Alert: BankNifty’s drop from 54,467 on 26th Sep 2024 to 50,194 by 7th Oct 2024 got its hint...
Disclaimer: This is not a solicitation to buy or sell; please consult your financial advisor before making any trading decisions As discussed earlier on 1st Sep Idea, Maruti’s performance above 12555 was critical. Now, the stock is pushing Up & Up & Away with new highs beyond 13680 in sight. Will it break the upper trendline and complete the highly...