Nifty 8641, is bullish, trading above all the moving averages, the signals are strong in bullish region but a negative divergence prevails, still it can reach to 8740 level, support 8550. In my count, I was expecting a fall from 8461, but it didn’t take place in expected time frame as we were in wave 3, so a further upside is expected again as wave5 up to...
Nifty is trading in a hourly channel having resistance 8426 and support 8307. on breaking 8426 it can show higher levels 8600
Bank nifty18843 Top was 19276, price didn't reach the expected resistance level red line. it is very obvious from the chart that we are in correction, may be a 4th wave and the target is intact 19260_ 19590 level. so be confident with a stop loss level at 18640 a 38% retacement of the total swing (not the only 3rd wave run, for maximum safety) otherwise keep...
This is an honorable & proud movement for every single individual people in India, because many legends fought for makes this day possible and some of them lost their life for the country so this is a right time to thanks every served brave souls for making proud to us as being an Indian.
Dear Friends, please read it for your benefit. it will be really useful to you all. i know you all doesn't have time, neither me. My job schedule doesn’t allow me to make a post in the mean while, but as you all my readers by now, know that, my Idea is to bring awareness of the trend, or a possible top, or bottom etc. and not willing to make any buy or sell...
DIVISLAB: 737.4 is near MEMA 89 is = 716 a strong support. A 61.8 % retrace of the total Bull run started from the early 2009 is laying near 645, has a confluence with the shown PF channel (subjective view) support.
Nifty 8400. Made a high 8461 with a Dark cloud cover on top, having negative divergence in MACD, can correct to 8285 _8230 level. If my count is correct, with the 5th of C is extended more than 62% the correction could be steep & swift. On the other hand the scenario is bullish above 8228 as external influences could be positive and we all are expecting a...
This 34 day cycle has many major tops
Nifty 8458 is a top next support 8285. break point 8228 as mentioned in earlier chart.
we have a long time trend line res: at 19980 , it can go there also, but it is not the way , i approach the target level, unless i see an extreme bull market, i cannot sat higher target. look at the indicators turning bullish, but notice that , they are all under bearish zone Eg: the macd is below zero line @venkaticr, External influences like an election, a...
Assumes that we are in Wave v of V of (c) projection for same is: wave iii 8307-8181 =126 1.27 x 126 point + 8228=8388 already achieved & next possibility is 1.618% of 126 + 8288 = 8431 ) (0.618 % of iii projection is 8305,above which its is considered as an extended wave ,and on conclusion of wave V of (C), a fall expected deeper if the case is...
Nifty 8288. Assumes that wave iv is concluded at 8228 & we are in the wave v th, which may conclude around 8312 _ 8360….. Now the reversal level is 5th of v th start level 8228. Although we are expecting a further move ahead nifty is facing many Resistances like a major five month Trend line BLUE, DEMA 100 resistance (not 34 sorry), and Daily MACD above...
BANKNIFTY 18287 The said 17600 level supported well, now the resistance is near18500. MACD is in bullish zone.
Currently we may be in a sub wave iv correction and nifty can go further up, to complete the v th may be around 8312 _ 8360….. Caution level is v th start level 8133. Although we are expecting a further move ahead nifty is facing many Resistances like a major five month Trend line, DEMA 34 resistance, and Daily MACD zero line resistance, and the indicators are...
Current swing count from 7916 low seems to be an ABC correction since only wave B can (wave 2 cannot) retrace more than 100 %.Wave A is internally an abc zigzag completed at 8251 with 194 points,Wave B is an irregular abc with an extended c completed at 7894 with 357 points, and C is always an impulse wave, is progressing now. if my assumptions are right,then...
Heromotor is in correction, and the pullback 2850 will face strong resistance near 3310. The bullish trend will continue only above this level
HDFC the financial major is in correction showing weakness in indicators, the MACD is having a negative divergence, the price is below the PF median line (subjective analysis but) which respect many supports and resistance shows its validity. Agreed? My target for HDFC is 990 is a 38.2 retracement of all the Bull Run and I believe that it is completed a cycle...
I was assuming that the current down fall is c leg of an irregular abc. I had many target including 7982, but it finally end somewhere at 7893. I think that a bigger irregular ABC is in progress for a target near 8350. My conviction is stable with the indicators showing a divergence and is positive now, While I know that the broader market is fearsome and...