forextidings

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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...

forextidings Updated 

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 -...

forextidings Updated 

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,...

forextidings Updated 

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 ....

forextidings Updated 

NSE Kotak Mahindra Bank has started marching upside because it has completed wave ((4)). Its fifth wave will end nearby the retracement of wave ((4)) of 161.8% and sub-wave of (4) of 161.8%. So, long-term investors may hold for the targets of 2345 - 2446 - 2536 . At present, intraday & short-term investors can also jump on this stock. Kotak bank prices may move...

forextidings Updated 

ESCORTS has completed the corrective structure. If it gives an upward breakout, our targets will be 1576-1630-1706-1748. Price can make a new low if It breaks the 1422 level.

forextidings Updated 

Nifty has continued forming the descending channel. Price has made three excess areas on the lower band. It means that bear traders are continuously trying to break down the descending channel. Price is following the control line with nine spot confirmation. The trend will change after a breakout of the upper band, and it will drag the nifty price at my pivot...

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Nifty has taken support at 17968, and It has made a triangle pattern on the support zone. If it gives break out above and enters in the channel, we can expect a recovery. Otherwise, nifty will break the support level and make a new low. Also, check my old idea if it enters the channel: Targets are valid.

forextidings Updated 

Nifty can bounce from 0.618% - 0.786% of retracement levels, and we may see 18350 again. According to the Elliott Wave Principle, it can drop up to 1.00% of wave i. And a breakdown of wave 'i' is a direct sign of a strong downtrend. Buyers must note that the price has broken 200 EMA. Don't buy without any confirmation.

forextidings

Zeel Is Sitting On The Ticking Bomb! Did you read the previous report of MCX Gold? If not, click the below link to read it. - Is zeel preparing for a bull run? Zeel has concluded a corrective structure and started an impulsive wave. The price is about to cross the recent high of 362 , but there is resistance. Breakout traders can enter after breaking...

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ZEEL is forming 3rd impulsive wave. Wave 2 has taken a reversal from a 61.8% Fibonacci ratio. If zeel is forming wave 3, we should at least get a 161.8% extension of wave 1. Target 1:390 Target 2:362 Target 3:335 Invalidation: Wave 2 can never overlap the starting point of the wave.

forextidings Updated 

UPL is forming impulsive wave 5. Price was having complex correction of the wave 4. Wave 4 retraced 0.382% of wave 3, and the price increased sharply. The price target for UPL is 964 because wave ((5)) ends at 161.8 % of wave ((4)). The buyers can initiate the long position on a pullback. If you are not a swing trader, you find sub-waves on smaller...

forextidings

Price has made extreme high, and impulse moves have started a correction. According to Elliott wave price confirmation, Safe traders can enter when the price breaks wave B at 40160 . Sub-wave C of wave 4 is about to complete. If price breaks wave B, It has the potential to make a new high. At present, the price has neither made higher-lows nor sub-waves of...

forextidings Updated 

Nifty retracted on the control line of the parallel channel C. If nifty gives channel breakup, we can get our price targets. Or price will be remaining in the channel. Click here to check the main idea:

forextidings Updated 

I have uploaded the Nifty Elliott wave study, and it has reached the first target of 18164. The trader can trade pullbacks on the nifty. As per the rule of the channel, Parallel channel B can provide support to the price. After the pullback, If the price is not giving any reversal signal, it's better to stay beside the market. If the price tries to fill...

forextidings Updated 

Nifty has continued growing in the corrective channels. It has filled two gaps and is currently on the third gap level. The third gap is providing support. Nifty has made a double bottom pattern on the gap level. And according to the gap theory, price gaps cause reversal. But if selling pressure exceeds buying pressure during the gap area, Trader can expect...

forextidings Updated 

If nifty breaks 2nd target of 18314, we may see a good move above. It can take a U-turn from 2nd TP to parallel channel C support trendline.