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Price Action Perspective: Price is creating a value area where supply and demand are equal. The control line of the value area has provided eight price touches to confirm the price move, and it has provided five reversals. In this view, Nifty is on the control line of the value area at 17615 . Price has drawn a doji candle on the control line. There are seven...

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Nifty is occurring a corrective wave ((iv)) on the hourly timeframe chart. It has broken the previous corrective (iv) of a lower degree and price fall to 17377 . The bullish scenario is valid till the price is above 17150 . According to the Elliott wave principle, wave ((iv)) can never enter the price territory of wave ((i)). Wave ((iv)) has retraced 78.6% ,...

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Time-frame: Daily Research report: Elliott wave and sentiment analysis Wave ((1)) Price has started an impulsive structure on 24 March 2020 . It has exceeded the supply pressure by creating demand. Wave ((1)) formed as a leading diagonal because there was the existence of seller and supply pressure. All the fundamentals were bearish before this move....

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-------------------------------------------------------------------------------------------- Timeframe: 1- Day Theory: Elliott Wave ------------------------------------------------------------------------------------------------ Click here to read research report 1:...

forextidings

JK Laxmi cement has accomplished impulsive wave ((3)) and has a complex correction of wave ((4)). After making a high of 816 , the price started forming a corrective channel for wave ((4)). It has made a low of 529.10 , and we can see a price surge to 630. However, the price reached the upper band of the channel, but it is facing dynamic resistance ...

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Preface APOLLOTYER is preparing for a bull run. After completion of the 3rd wave at 261.2. Price had started a corrective wave ((4)) and took 38 weeks to finish this structure. A trader can trade impulsive wave ((5)) to make a high confidence trade setup. Wave Formations and Fibonacci relationships: Wave ((1))is an impulse with a 5-3-5-3-5 wave structure....

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In my previous post, I have mentioned that nifty can make an upward move before making the last leg. Nifty was at 16999 , and it has made a high of 17400 on 31st December 2021. Nifty is out of the channel and near to the previous lower high. If nifty breaks up 17639 , we can expect a big upward move for 18210 , which indicates that correction is...

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According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)). Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal. If the price breaks wave (X) , the price will surely make a new high because it will give evidence of the impulsive move. Price may take retracement as wave x...

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Asian paint has started the impulsive sub-wave 'iii' of wave 5. Price has crossed the high of wave 'i', which is the signal of impulsive behavior of wave 5. A long position can be initiated after a pullback when price penetrates on wave 'i' to take support. And that cannot be a barrier for long-term investors. They can jump on it. But if you are a short-term...

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BAJAJ FINSERV is forming in the descending channel. After making the all-time high of 19325 , it has corrected 3000 points. The descending channel has the highest value of 19325 and the lowest value of 16273 . It has touched nine times on the control of descending channel. Even if the control line has provided reversal, the breakout of the control line...

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Daily Chart: Elliott Wave Perspective: Nifty has completed the corrective wave A of triple zigzag (Z) If the price gives a consecutive close above (X), it suggests that corrective structure has occurred and an impulsive wave started. However, the price has given three moves after wave A. Sub-wave a traveled 100% of wave B. The price is weak below 17639 and...

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Alembic is having a double zigzag( W-X-Y) correction of wave ((4)). Price is stuck on the ending diagonal of wave Y. According to the Elliott wave principle, if the price breaks up the ending diagonal, the price is supposed to reach the targets of 114-123-139 and more . However, the price must confirm the trend by breaking the wave (X). In case if price...

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Nifty is constructing triple three (x,y,z) right now. Price is about to accomplish sub-wave B of triple three. Buyers should be ready to exit from their position before the price reaches the nearest lower high at 17639 , which is wave (X) of the correction. According to wave principle, if the price couldn't sustain above wave X, then the current trend is about...

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Preface: IDFC First bank is ready to march upward. After making the high of 69.30, the Price has started the corrective wave four and took 179 days to complete. The ending point of wave 4 is the starting point of impulsive wave 5. Wave Formations And Fibonacci Relationships: Wave 1 is a Leading diagonal which has a 3-3-3-3-3 sub-wave structure. Wave 2 is a...

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Gold Price Slowly Going Upside Key levels: 48113 - 47616 MCX gold has been moving under the range of 48113 - 47616. It's a very crucial point. We may see a continued uptrend ahead if it breaks and close above 0.382 retracement level. That can be up to 48260 - 48490 - 48600 - 48700. And if it breakdown the 0.5 retracement level, then we may see 47496 - 47300 -...

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Nifty has completed the law of similar action. It has broken the corrective channels and touched the lower band at 16892. Price has faced support on the lower band and responded with demand by touching the upper band. At this time, the price is out of the downtrend channel. In my previous idea, I have mentioned that if the price can't break the pivot point,...

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Nifty hasn't given a continuous breakout of the lower high. If nifty couldn't give consecutive closes above lower high, there can be a failed swing low and signals resumption of the trend. In 30 minute timeframe, the price has made a value area box where supply equals demand. If nifty gives a continuous break to the upper band of the value area, traders can...

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Bank Nifty had stuck into the descending channel (DC) from 25 Oct to 07 Dec. The upper trendline of DC has broken and started moving forward. It has filled the 25 Nov gap yesterday and marching towards the supply zone. We have chances to see 37600 – 37800+ levels today. Intraday traders can take benefit of it. But you must note the second resistance of 36871 ....