Introduction In the world of financial markets, technical analysis plays a crucial role in understanding market trends and making informed investment decisions. One powerful tool in this domain is wave analysis, which has proven its accuracy time and again. In a recent BankNifty analysis, wave analysis beautifully predicted the index's movements, providing...
Welcome back to another episode of Wave Talks. Bank Nifty's Tidal Wave -Ride or Crash: Index can face a significant shift with the unfolding ending diagonal. Will you ride the wave to profit or crash on the shore? Unfolding wedge pattern It's time to reconsider Bank Nifty's pattern as it poses a risk. Let us discuss in details price objective & outlook for next...
Earlier in The Day - When Magical Level of 43350 Holds Ending diagonal Also known as an ending wedge, is a term used in the field of technical analysis to describe a specific chart pattern that signals the end of a trend or price movement. This pattern is characterized by converging trendlines that form a wedge shape and typically consists of five...
Educational Video : Triangle Pattern Unfolding Realtime Triangle is an Elliott wave pattern seen during sideways market consolidations, it is composed of 5 corrective sequences. Triangle presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility. What Next? Thrust...
It was all amazing last few days as we have discussing how bulls could be trapped on the top close to 39695- which is one the key levels in the unfolding triangular correction Have been student of astrology for last few years, it happened fortunately that I came across my bible book -American Ephemeris 2020-2030 on last Friday 24th March 2023 & Realised that...
The US Federal Reserve raised its benchmark lending rate which was already discounted by the market. Hope you enjoy the short video. Thanks
Index till the time holds below 39699 which was closing high for 17th March 2023 in gap up move tomorrow @ 21st March 2023 & falls 300-400 points down & remains above mini double bottom of 38926 & 38941 then we can have another push upside towards 39699 / 39914 / above 39914 towards 40690's approx. Thanks for watching the video.
Exciting Session on 16th March 2023 unfolded with a temporary bounce from day lows of 38613 towards 39300 approx & a fall back to 38750 approx without making a new low or breaching below 38613 - puts strong case of truncation. Truncation is rare to happen suggesting that ongoing trend could abruptly halt in between & take a sudden reversal which could be possible...
After a big fall of 2540 points from 41671 highs as expected in the last video published on 1st March 2023 - Are we done with the current impulse? Let us check out the simplest method of price confluence which is initial wave = final wave in the impulsive structure Wow!!! Indeed that's the case as we see over the video. 39132 could be most important low & if...
Holding above 1550 which is key & critical level & crossing yellow parallel channel on upside, stock can retest for targets mentioned below 1585 1615---1620 Stops Below - 1550 (Trade not valid if falls below 1550) Thanks
Expiry Week Outlook- A Short Video. Thanks Impulsive sequence unfolding from the tops of 44151 on 14th Dec 2022. From Budget day - 1st Feb 2023, Index has been doing a roller coaster moves so we need to be careful as next downside trend may start soon once key & critical levels are breached on downside. Thanks
Wow ....... Explosive Move By Cummins Holding 1550 to 1610 as published on 27th Feb 2023. Last Idea
Disclaimer - " This Idea is for Educational Purpose" ----------------------------------------------------------------- Stock Has Done 6-7 Years of Sideways Correction from 2016 tops of 895 & Getting Ready for Big Impulsive Move Upside Next Holding on the parallel channel bottom & above 400 strictly. Are You Ready as a Investor. Keep watching next waves for the...
Traders have to be careful as alternate bearish bat with XA 113% rejection zone lies in 41650-41700 zone. Once you see market commitments then you may also join the force for downside target as mentioned below 41425 41250 41100 Stops - Avoid Selling If fails to fall from the suggested zone 41650-41700
Strong Support Zone 41000-41100 as shown. Looks corrective fall from 41724 Highs, holding above the suggested support zone, Index can re test 41500 / 41700 / 42400 levels upside. Any selling can be expected only below 41000. Thanks
Short Video - How Index cracked from 42000 to 39000. Thanks for watching. Regards, Abhishek H. Singh, CMT
Sell Strictly Below 41000 once it drops with stops later of day high & target downside 40475 / 40175 / 39000. Thanks
Index has touched the channel top & close to psychological level of 43000 which is very important from trading perspective. Any bullish scenario next is strictly if Index trades above 43K or holds above parallel channel else going below 42700 - it will trigger downside Trigger level 42700 Bias can be negative till the the time Index holds below channel. Thank You