kaushikwbslg

kaushikwbslg

BN has completed its ABC correction and looks like ready to go up higher. But unless it crosses 44500 level, it may hovering range-bound. Here the main concern is it has broken its prevous swing low of 43390 and hence its not clear what wave structure it is making. So, stay away from it trading is a wise decision. If trading is unavoidable, then trade with...

kaushikwbslg

Today Nifty has shown high level of volatility, but failed to break its life-time high. I think Nifty is about to complete its major 3rd wave of the cycle. I though it would touch its upper band of the channel and reverse back from there. Clearly big players cleaverly resorted to profit booking. Tomorror it may go up and break its LT high towards the upper band...

kaushikwbslg

BN has retraced fast and deeply today. Everybody was surprised about the furious downmove. I was expecting BN to pull back from 43900 level which was 50% (normal) of it's minor 1st wave of major 5th wave. But I was doubtful as Nifty has almost completed it's 3rd wave move by making an expanding triangle of minor 5th wave move and if Nifty started it's 3rd wave...

kaushikwbslg

BN opened gap-up and moved up to around 44120 making an Order Block o Price Action. It has returned back to high of OB. I am expecting another moveup. 44000 is a low risk-reward entry point with a SL of today's low. What is your openion, please leave a comment.

kaushikwbslg

BN is still having it's fire on. Though its become slightly weak, I would expect a minimum 100 points moveup from its current level around 44150 level. But trading BN is a bit risky now unless it get pass 44500 levels. As per Order Block as shown today's SL is much lower below 43900 levels. I am not going to trade today because of my risk appetite unless it comes...

kaushikwbslg

BN is looking bullish after a brief 61.8% correction of nearly 300 yesterday's strong move(looks like a minor 3rd wave) and heading beyond 44350 level. Now, SL is getting bigger below 44140 level. If I anyhow get it 44200 level I will buy ITM call for today. What is your view? Lpease leave comments.

kaushikwbslg

Yesterday BN made a smart moveup up to 44265 after it's recovery from the minor 1st wave of major 5th wave move (from 43823) as I explained previously. Now BN is hovering around 44100 after making a low 43970 (again approx 61.8% correction of the upmove) Now, I am expecting a surprise upmove, maybe beyond it's immediate high. What do you expect, will it move up...

kaushikwbslg

BN has recently broken out it's life-time high and went higher at around 44500 by making a minor wave of last 5th wave. And, now it is correcting and reached almost 61.8% of its correction. I would expect it to recover from this zone. Or if it can't hold this level, it can go further down and bounch back from 70.7% fib level and the trendline.(very likely) Anytime...

kaushikwbslg

BN is rising higher after making yesterday's low of 43390 which was probably a A-B-C correction of 3rd wave move forming the end of 4th wave. Though it's not corrected as I expected for 43000 level (approx 23.6% of normal correction of 3rd wave), it has actually corrected as per wave theory where C=A and B went near about top of A. So, it's correction has...

kaushikwbslg

Today BN looks like became bearish as it failed to cross it's life-time high. Instead going up it started coming down. Whole wave structure has changed. It looks 44152 could be an end point of 3rd wave (300% of wave 1 ) This is normal for a 3rd wave. It is probably making a flat correction as B went to nearly start of A and now third leg that is C would at least...

kaushikwbslg

After correcting to 18060, it has gone up to 18420 that made a perfect minor elliott wave structure. I could not explain here as it would make things unclear. Nifty is hovering around 23.6% Fib correction. Chances are that Nifty could open gap-up above 18460 lvel from today's close. If it will open below today's high it can drift down to lower near it's Fib...

kaushikwbslg

BN is struggling to move above it's life-time high. This is normal phenomenon when a stock or indice is a about to break its LT high. In such a time, I have seen from experiences that moct of the time it opens gap-up. And we're near the trendline support. So, most probably we can see a gap-up opening for BN. And, if BN manage to break it's LT high we would see a...

kaushikwbslg

Last Friday we saw a smart recovery of BN from it's Trendline support perhaps making it's minor 5th wave moveup.Most probably we could see a gap-up opening above it's lifetime high of 44152 by breaking it's major resistance(trendline & LT high) and if it happens then could see it upto its upper channel or 44475 around. In case BN fails to break its LT high or...

kaushikwbslg

I believe that the fire in the BN is still intact. The 5th wave has long way to go. Today in this morning it has opened gapped-up and drifted down and made a low of 43532. It looks like BN has taken a support of the trendline and we have seen a Pin Bar like candle. So, we may see a strong upmove in the coming days. This is low-risk entry zone with a SL below...

kaushikwbslg

BN is raising higher and looks unstoppable. There is the strongest resistance around the life-time high zone. Will it be going to break now? I think BN will correct slightly up to channel low or much lower around 42800 lvel unless it breaks it's life-time high tomorrow and go higher. It's clearly buy on dip market and major trend is up. Selling or put buying could...

kaushikwbslg

Instead of going down as bigger C wave(as I anticipated in my previous post) it turned around 42822 and moved up again to 43772. It's look like making an irragular or flat correction. We can expect a devastating downmove 42450 level unless it should move above 43772 and stay above this level. Again BN is struggling and unable to make sizeable move. What is your...

kaushikwbslg

After making approx 23.6% correction of probable 3rd Wave, BN is rising higher at 43533 at 12 PM and struggling to go higher. By analysing the wave structure I am in the opinion that BN is probably making bigger ABC correction and may make a downmove upto 42450 level or somewhere at support point. Then after it may form 5th Wave move higher. If youy're agree with...

kaushikwbslg

3rd Wave of BN has reversed exactly from 278.6% of wave-1 and made a short cycle A-B-C correction where C has came down to 138.2% (very common) and where the 3rd wave has corrected nearly 23.6% (very very common for an extended wave) of total upmove as 3rd wave approx 4466 points. And if it was a completion of 3rd wave at 43740 we might have completed correction....