bijoy2526

bijoy2526 Updated 

this happens to be the 61.8 percent retracement level. Now is the question is the correction over?. May be and may not be. abc correction is over.this correction to 2 nd wave area is c wave. another possibility is that this correction is A wave and last hour bounce is B wave,it is the posssibility not certainity. then again banknifty may fall to 78.6 percent...

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Complete session of yesterday and Baring one hour of today's session was consumed by the complex 4 th wave correction of nifty. 4 th wave correction is deeper here 61,8 percent of 3 rd wave. when ever we get simpler 2 nd wave the 4 th wave becomes a headache. today after completion of Y we were expecting a rise but it gave away to Z and at last we could see 5 th...

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spectacular rally in bitcoin after two days of decline.. It appears wave C is an ending diogonal. Further upside still left.But some more correction is left before its up trend is resumed. Follow me to get updates. Like this post if it helps you.

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what you see and what you feel ? what you see impotant. as shown in the chart it is in 3 rd wave. Of course retraced 23.6 percent of it. in some cases when 3 rd wave is extended it can retrace 23.6 percent. It seems here it is extended here, Normally 4 th wave retraces 38.6 percent of 3 rd wave. Its result is tomorrow.In case of good result it can lift nifty along...

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here 2 nd wave is flat correction. It seems it has completed its 3rd wave and fourth wave has ended at the center line of the base channel. 4 th wave appears to be zigzag. Up side targets are shown in the chart. In the negative sentiment prevailing it is very tough to have positive side for hdfc bank. stop loss is must here though it is nota trading...

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Clear divergence between price and oscillator. This is four hourly chart. stochiastic is in overslod condition. It is not essential that divergence only confirms buying immediately. The on going wave is C wave..which should consists on five waves, In daily time frame it is not visible. we will check hourly chart later.22137 is important level. As long it holds...

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As from the chart there may be some pull back possibe both nifty and bank nifty as long as 21807 holds. if unable to hold 21807 ,it can slip to 21717. Greater chance of pull back is there. It seems A wave is completed and bounce for B wave is possible. In any case 21807 should be stop loss. If this post helps you like this. follow me to get updates.

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Nifty has crossed the trend line of the diogonal. next important level 22522. remember if crosses above 22600 the diogonal structure will be nagated. where the 3 rd wave will be shortest than 1st and 5th wave and upside will be open to more than 22700. As such looking at the overall structure starting from october23 nifty target above 22522 comes to 22750. do like...

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weekly chart of reliance starting from march 2020. Fits in to a leading diogonal.wave 3 is not the shortest.overlapping of wave 4 and wave 2.major 1 st wave ended in may 22.there after reliance had a pull back in 2 nd wave.Now 3 rd wave is in progress,inverted head and shoulder pattern can be visualised here. At least target of 3089.7 can be reached.this is weekly...

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Maruti it appears still upside left. Final 3rd wave is in progress.this is weekly chart and not a f&o recommendation. For investment it should work. Please like this post if it helps you. follow me to get updates.

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Big rally waiting for maruti. the chart is of weekly time frame. after post covid there was 1st wave move which was completed in jan 21, 2nd wave took much longer duration completed on march 22.after that slow and steadily its rise is continuing and it made all time high october 23.now it has crossed that high in final fifth wave of 3 rd wave.As 1st and 3rd wave...

bijoy2526

chart displays wave sequences of bank nifty from oct26 23 five wave upmove completes dec28 23. there after bank nifty corrected in zigzag formation ABC which was finished on jan25 24. so whole of elliot wave cycle was completed there with the completion of eight waves. It retraced 61.8 percent of preceeding motive wave.It could have been wave 2.It retraced just to...

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Important events ahead. Rbi interest interest rate decision on 8 th feb inflation rate on Year wise on 12 th. inflation data january on 13 th. Two extreme cases expected. in 1 st case bank nifty may fall further to the position of lower arrow. In the 2 nd case it may touch upper arrow in that case it should proceed to fill up the gap which has been already done...

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it looks unless there is complex correction Bank nifty is poised for a bounce. ABC correction appears to be over. In case of a bounce it should first try to fill up the Gap created by C wave that is 47212.8-48002. Divergence seen between price and oscillator stochiastic here. stochiastic is in oversold condition here.And divergence between price and oscillator is...

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Analysis is from december21st,23,when the up move was started.In the same month it made all time high. of course yesteday nifty has surpassed that.After that nifty had undergone retracement for 4 th wave which was time consuming and it terminated at w=y. next up move started from wedness day 10 th january and it has a spectacular run of more than 450 points. It...

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On of the most value creaters has started its up trend. Likely to strike at the red lines shown in the chart, Its ungoing 3 rd wave with in 3 rd wave seems to be extended one. i do expect it to reach other end of the channel and breaking it. But how soon that time will tell. Like this post if it helps you. follow me to get updates.

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Some respite.bounce has been observed at wave w=x bank nifty has to take out 47849 decesively for some further up move to take place. main concern bank nifty has violated 1 st week low. first week high is now difficult to violate. we cann't defenitely tell that correction is over. Traders normally do avoid this wave to trade. Bull market is intact. inflation datas...

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Sbi has been consolidating for last few days. It appears it is its 4 th wave of his on going 3 rd wave.4 th wave appears to be a triangle. very soon its break out likely to take place. Along with sbi,hdfc bank too is consolidating. stop loss should be the dashed line on closing basis. This is not any trading recommendation ,only my study. Please like this post if...