forextidings

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Natural gas has completed the impulsive cycle at 801 and started collapsing to form the corrective process. In this corrective cycle, the price has accomplished the corrective wave B and started constructing wave C of normal zigzag correction. There are two reversal points for natural gas: 1) Wave C can occur near wave (4) 2) wave C can accomplish its...

forextidings

In our previous article, we discussed impulsive wave C and its continuation. On 20 January 2023 , Price achieved our all given targets. Click here - ----------------------------------------------------- Timeframe : MCX Natural gas has accomplished the corrective wave B and started falling for impulsive wave C. Price has given a reversal from previous wave C,...

forextidings Updated 

NSE AAVAS accomplished wave (5) of wave C at 1698 and started an impulsive cycle from the parallel channel's lower band. Prices are forming into the downtrend channel, and wave (4) breakout can give a steady uptrend for bulls. Fibonacci Clusters: 1) Cluster range of 1749 - 1738.6 . Trend-based Fibonacci extension of 0.5 at 1749, and 1.618 reverse...

forextidings Updated 

Price has been trading in the long-term channels for more than 16 months. After making a low of 785 , prices started rising to the upper band of the parallel channel. Currently, prices are trading above 100 EMA . PEL has formed a value area with a cup and handle pattern. The neckline of the cup and handle pattern is also the upper band of the value area at 915 .

forextidings Updated 

SBI BANK has given a breakout of the 13-month-old Correction. RSI is above 65 , and the price trading above 200 EMA. At present, SBIN has accomplished the corrective wave (4) and started forming an impulsive wave (5). Price has already crossed the 1.00 Fibonacci extension of waves (1) through (3), so our next target should be Fibonacci's extension of ...

forextidings

MCX zinc has been forming the corrective structure in descending channel for more than 28 weeks. The ending point of impulse was 383.55 . At present, MCX zinc has accomplished the corrective wave ((B)) and started forming sub-waves of the impulsive wave (C). Price has completed 78.6% retracement, where wave A = C at 217 . Zinc has accomplished wave (4) of...

forextidings

Timeframe: Daily NSE EICHER motors have accomplished the corrective wave (4) and started forming impulsive waves (5). The price is currently forming sub-waves of the impulsive waves (5). Wave (2) was a sharp zigzag, so wave (4) formed the choppy structure triangle. Since wave (3) was an extensive wave, we cannot expect wave (5) to extend with a high...

forextidings

Timeframe: 8h Price started to form impulsive wave C after Bajaj Finserv completed correction wave B. There is also the possibility of altering the count with W-X-Y. Wave (b) retraced 50% of wave (a), which signals intense supply pressure. If the price breaks wave (a) at 1621, traders can sell for the following targets: 1594 – 1569 – 1549 . Calculations are...

forextidings

Gold has accomplished the final correction wave (Y) of wave ((B)) and has begun to form sub-waves of the corrective wave ((C)). Currently, the price is at 100 EMA & the lower band of the parallel channel. It appears that the movement of gold is being dominated by bears, as it is making lower lows and lower highs. If the price breaks down the parallel channel,...

forextidings Updated 

Nifty is forming in a descending parallel channel. Prices are building corrective pullbacks to manage demand pressure and fall from resistance since the start of the correction. Nifty has created a lower low at 15183 and given an upward move of 15927 . Nifty has faced supply pressure on the upper band three times. It indicates that bulls are not exceeding...

forextidings Updated 

Nifty has made a wammie bottom on the 4-hour timeframe chart. It is forming on the descending channel. Currently, Nifty is facing resistance on the upper band of the descending channel. There is a strong resistance as well as a confluence zone of 16400 . If nifty breaks the resistance level of 16400, it will be confirmation of an upward march for 16518 – 16708...

forextidings Updated 

---------- Timeframe: Monthly---------- After making an all-time high(ATH) in 1838 , prices have started collapsing to correct the previous move. The fair value area has given two resistance on the upper band, and four supports on the lower band of the channel. Excess is showing that sellers are very aggressive with their inconvenience levels. Key Level...

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Cipla has formed a downtrend channel for two months. Prices are moving below 200 EMA , which indicates a bearish atmosphere. We can see a downtrend channel on the 4-hou r timeframe chart. Currently, the price has taken support at the lower band of the parallel channel. It has made a range at 938. If the price sustains above 938 , It can touch the upper band of...

forextidings Updated 

As per the chart above, nifty entered into the support trendline again. That's clear sign bulls are stepping in. If it remains above the support trendline on Monday, we can expect target levels of 16490 - 16580 - 16680 . It could skyrocket up to 17000 level. And if it breaks the support trendline, then a downtrend will begin. What will happen in a downtrend?...

forextidings

Bull Gateway: 1852 Gold spot has created three consecutive positive bars in the last 25 trading sessions (36 days) for the first time. And it's above 200 MA. That's a good sign for buyers! If gold breaks the parallel channel, my upside targets are 1866 - 1882 - 1906 - 1920 . But, it hasn't broken the parallel channel in the last trading session. It's at the...

forextidings

Axis bank has been in the consolidation phase for more than 15 months. Prices fall rapidly after the crossover of 50 & 200 EMA . We can draw two control lines which can be helpful for target measurement. If the price enters into the parallel channel, and after retracement sustains above 680 , traders can trade for the following target of 692 - 714 - 752 ....

forextidings Updated 

According to EWT: 5th wave has already traveled for more than 2.618% reverse Fibonacci retracement of wave 4. Now, bullish momentum can push it up to 136 at 3.618% .

forextidings Updated 

Pokarna has completed its impulsive wave c of the corrective wave ((4)). Wave C has traveled 100% Fibonacci extension of wave A at 548 . Currently, the price has broken down the A wave at 585. If it sustains below 585 , traders can expect the following targets: 558 - 536 - 505 . 505 is strong support because corrective wave 4 accomplish near the corrective...