Wave (5) started from 23894 achieved its projection range and its sub wave 5 started from 24753 is also achieved its range and even extended so Nifty may give quick 1000 points fall from given range in chart and eventually it may decline 2000 to 3000 points from given range. 26200 is the Invalidation level for this analysis.....
In bank nifty from 50194 there is a bounce of wave B and in which w and x wave is completed and wave y is in progress and in which a and b is completed and wave c of wave y may give 1500+ bounce from given support range. One can place SL some points below 123% level given on chart.
In this Monthly chart wave (1) is completed at 2787 and wave achieved its minimum retracement range....If wave (2) is already completed at 1186 then wave (3) is already started and may achieve given targets of wave (3) in upcoming months or so....but if wave (2) is still in progress then 1458--927 support(buying) range for the stock....
In this weekly chart wave (1) is completed at 540 and wave achieved its minimum retracement range....If wave (2) is already completed at 336 then wave (3) is already started and may achieve given targets of wave (3) in upcoming months or so....but if wave (2) is still in progress then 345-268 support(buying) range for the stock....
There is a possibility of Triple zigzag correction OR Ending Diagonal pattern in Bank Nifty which suggest sharp fall as drown in chart...Kindly understand detail analysis and logic behind this conclusion and Trade safely with Risk management.
In this weekly chart wave (a or i) is completed at 137 and wave (b or ii) may be completed at 98 and (c or iii) is already started which can take this stock to 151-163-183 in coming months...
What a Chart !!! Its a very good Investment stock for upcoming years and it may give multifold returns....The reason behind this idea is the pattern which i have marked in chart where stock is formed multiple wave 1 and 2 and it may bounce sharply to justify the personality of wave 3.
In this weekly chart it seems wave (a or i) is completed at 904 and wave (b or ii) formed a WXY(double zigzag corrective) pattern and made low near 61%. So there is a possibility that wave (c or iii) is already started or it may start soon and this stock may bounce in given range in chart. Its again a good long term investment stock which is available at lower price.
In this weekly chart of Indigo paints wave (a or i) is completed at 1680 and wave (b or ii) retraced around 61% and followed by a green weekly candle...So may be wave (c or iii) is already started and it may bounce in given target range as wave (c or iii) in upcoming months....
In this monthly chart of Rajesh Exports bigger wave (1) is completed and wave (2) also retraced around 70% as an Irregular correction and currently it may forming bottom and can bounce again as wave (3) in upcoming months and years...So its a stock for those who likes Buying from bottom and stay invested for Long Term...
As shown in chart bounce from 43600 looks like a Double zigzag correction and wave (c or iii) may decline below 42500 in coming days...SL for this trade will be above 45312(Not exact).
This is bank nifty 1hour chart in which decline from 46369 to 43600 is (a or i) and bounce from 43600 to 44950 is corrective wave (b or ii) and now wave (c or iii) is already started and its minimum projection range is 42180-41527. Use 44800 as stop loss for this trade.
Nifty forming Triple zigzag correction pattern from 19254 and it seems currently it is trading in final abc where wave a is completed and wave b is completed or will complete around 19420 then final bounce of wave c above 19484.......from 19484-19556 range big decline is possible. One can plan stop loss above 19556.
Nifty may decline towards 18021-17425 range in coming days. wave (v) started from 17554 is extended so there is a possibility that it can retrace up to 17554.
Most probably wave (iv) is completed at 17574 and wave (v) projection range is given in chart. As long as nifty is trading above 17478, upside bounce towards 17955-18191 is possible.
From 16914 wave (c or iii) is in progress and from current high 17638 there is a possibility of one retracement towards 17467-17361. But one should not look for selling for that support range because its against the wave (iii) trend so safe strategy is to buy when it comes in the support range for the target of 300-495 points. If Nifty trades below 17361 then only...
On 16th Jan I have posted an idea of BN in which possibility of decline were mentioned. that decline is already started and now we are in 4th wave of that wave c decline. 5th wave of wave c is still pending on down side which is explained in this video in hindi language. Thanks for watching...
Bank nifty 2 hour chart suggesting abc- X - abc pattern where abc and X is completed and in second abc decline a and b seems completed and wave c is in progress. stop loss OR upside break even point is given in chart.