forextidings

forextidings Updated 

Nifty is forming corrective wave 4 of wave ((5)) Nifty has made a high at 18604 and started falling due to conclude of wave 3. It has broken the base channel due to high selling pressure on Nifty. The following terms confirm the nifty pullback. A. The common Fibonacci retracement of wave 4 is 38.2%. Nifty has entered the 38.2% retracement level. It seems like...

forextidings Updated 

Nifty was heaving correction in previous weeks. Now, It looks like it has completed corrective structure and marching upward. If you are following my daily outlooks, you can understand these charts easily. If the price is about to change the direction, It will make an initiative then confirm it. Nifty will confirm its bull trend by breaking wave B at 18350. In...

forextidings Updated 

This week nifty may break 18350, and this level will increase high buying pressure. The above chart shows that nifty seems price is forming a leading diagonal. Moreover, wave 5 is the ending point of the leading diagonal. And completion of wave 'i' the wave 'ii' will take place. The wave 'ii' is corrective. So the day traders can initiate buy position there....

forextidings Updated 

Wave 3 extended 161.8% of wave 1, and we can see a powerful rally in an extension of wave 5. Hind Petrol Futures can hit the following targets before Oct end. Target 1: 352 Target 2: 389 Target 3: 400 Where can we enter? The following rules can help you get the perfect entry. A. Upper band of the parallel channel at 290 . B. High of 3rd wave at 312 . ...

forextidings Updated 

HDFC (Closing Price: 2896.15) According to Elliott Wave theory, HDFC stock price will keep drilling upward. And we may see Housing Development Fin price at the following levels: 2986 - 3049 - 3153. But intraday traders should worry about the support trendline of the parallel channel because HDFC price may try to retest the support trendline before the trend continuation.

forextidings Updated 

Price had made extreme low at 795 on 20 Apr '20. It had started a quick recovery after an inviolable bottom-out. Due to bearish sentiments and no evidence of the verified bottom, It had constructed 2nd wave correction. The second wave retraced 38.2% of wave 1, which indicates a sturdy bull trend is ahead! The acceleration phase lasted for 246 days and, the...

forextidings Updated 

Nifty has filled the gaps. It has a very active gravitation line where price activities are on the bulk. According to wave principle, corrective waves form in deceleration and, impulsive waves break the declaration channel. If nifty breaks the corrective channel, we may see an upward move. Otherwise, the price will continuously form in the corrective channel. I...

forextidings Updated 

Price has completed the corrective wave 4. If the price doesn't break the 3rd wave's high, then the corrective wave will begin. Furthermore, the 4th wave can be extensive (between the range of 1014 - 1475). The target for Swing Traders: Target 1: 1525 Target 2: 1632 Target 3: 1764 The target for Day Traders: 1455-1479-1490

forextidings Updated 

If nifty breaks the upper band of the parallel channel, our following targets will be. 18164 18241 Nifty can remain in a parallel channel (PC) before further advance. That can be up to support line of PC (B) or control price.

forextidings Updated 

Bank Nifty has completed the corrective wave (4) at 31208. After the climax of wave (4), we have seen an impulse phase with overlapping nature. According to Elliott's wave theory, 5th wave can become an ending diagonal. I will update the intraday chart of the bank nifty soon. Stay connected.

forextidings Updated 

Intraday & Short-term outlook of Nifty 50: Nifty has completed motive wave (iii) at 17792 . Wave (iv) is forming and, it can have a common retracement of 38.2% . The nifty trader can see the following targets: Target 1: 17425 Target 2: 17270 Target 3: 17169 According to the rule of corrective wave, it remains under the channel. And the impulsive wave...

forextidings Updated 

Is Yes Bank Making A New Low? The YES Bank stock has started falling for a long period. If it breaks the consolidation area, it will keep collapsing, and we may see 10 - 9.60 levels soon. It's under that range from the last 17 days. But according to price action analysis, it will try to jump up to make a new LH. It can be nearby the 12.15 - 13.5 range....

forextidings Updated 

Currently, silver has jumped back into the uptrend area. It has also broken the parallel channel in the last trading session. But, the buy is not confirmed yet. The uptrend can be resume if it remains above 0.618 of retracement level and 3/1 & 8/1. If that happens, then you can buy for the targets of 63900 - 65100 - 65960 - 68454. What happens if it's...

forextidings

Eicher motor has completed a triangle at wave 4. After the 4th wave correction, the price has started moving upward. But we can't ignore the B-D line for accurate confirmation. I had published Eicher motor on 12 September 2021. Click Here:

forextidings Updated 

Price is moving under the consolidation area for 225 days . It has finalized sub-wave (C) of wave ((4)). If price breaks sub-wave 4 of wave (C) of wave ((4)), it is the beginning signal of Wave ((5)). We can get the following swing trade targets: 340 - 362 - 415

forextidings

Nifty is on the corrective structure. Wave (x) of the double zigzag is near to complete Wave (Y) has the potential to give a short entry for the following targets : Target 1:17426 Target 2:17328 Target 3:17260 Further information I will update you soon. Stay connected!

forextidings

Intraday traders and short-term investors can buy nearby sub-wave 4 of wave (3). NSE Eicher motors are making waves ((5)). We may see the following targets soon: 3005 - 3146 - 3223 - 3292 Invalidation: Wave 4 can never Exceed the starting point of wave 1. Sub-wave 4 can't touch sub-wave 1 of wave (3). If you have any queries or concerns, don't hesitate to ask...

forextidings Updated 

Tata Motor made the Elliott wave on the 4h time frame. The Elliott wave pattern started on the 24th of September 2020. And made the 4 waves, and the fifth wave is remaining. It has to cross 190 - 200 to complete the 5th wave.