In continuation of our view presented in Earlier post. We have been continuously mentioning Correction in Nifty was Due even before any event happening like FED meeting and announcement. We believe in working based on charts and factual data analysis. if you want to corelate market moves based on News you can get News on Daily basis. Correlating market moves...
Dollar index if makes low we probably will have RISE and Index and Vice versa this is correlation of Dollar index with Index in a particular Dynamics of Market.
AS it have broken level of 2247.1 of 20-Dec now it have formed a Lower low Incomplete sequence. with this it have open a door for its move to 20260 vicinity where it may find a support and we can look fir buying opportunity in this zone marked. Which also means their is scope for selling opportunity till that level. Wish you a Happy Trading
In continuation to my view published on 01-DEC As we have now breached 06DEC low 707.5 we are now in a incomplete bearish sequence by making Lower High and Lower Lows. This sequence started as a corrective wave after completing Cycle which started from MAr-20 and made high on 25-oct @ 687. and than started its corrective move which completed its 1st leg on...
We are looking for selling opportunity In Nifty as per levels mentioned Their are 3 probable moves that can happen in Nifty which are discussed in Breif
As per our view presented on 21Dec we initiated Short position in Wipro and now we are heading towards our expected level, we will book profit in our short position @ 600 underline stock levels. After starting 3 wave corrective move from (3) Blue we are now heading to 590 Level which is expected to find buying. We will be initiating Long trade with levels as...
Since 06-OCt Natural Gas is in a corrective move and is forming a Flat In Black ((A)) ((B)) ((C)). It seems in formation of Last leg (5) Blue down as indicated in chart this will complete correction and one can look for BUYING opportunity for long term. However to encash the smaller move in Wave (5) blue we have initiated a sell position with stop loss @ 4.045...
Favorite Stock again in Buying Zone, initiated Long for Target of 1175 1. After competing Wave ((3)) Black and making peak on 16-DEC stock gave 3 wave Regular Flat correction to complete (C) in Blue 2. During this Flat correction have reached 100% retracement of (A) Blue from Wave (B) 3. With the Blue Marked zone it is now expected to give at least a 3 wave up...
# 100% retracement level of Blue marked cycle # Confluence with 38% retracement of Wave ((3)) Black Good Buying and support zone Expected Now to give at least a bounce to 50% retracement of immediate cycle ((c)) black upto 1250-1300 level
Hello Friends I am Back after a week Long Snowy Vacation to Kashmir In continuation with previous view, I mentioned as a detour it may breach 17241 level and if so we will revisit wave count. It did and now we have rearranged the wave count, However our overall view still remains same that Nifty is expected to give Downside unless it breaks 18604.45 ...
Trade plan for HDFC Ltd in this Blood Bath In my view we have completed a 3 wave correction move down ward for shorter cycle. which is 100% from its recent TOP made on 15 NOV
As a follow up discussion with our view presented yesterday in NIFTY and Bank Nifty we are discussing the Alternate possibility along with sticking with present view and trade plan. WISH YOU A HAPPY TRADING Disclaimer: We are not SEBI registered advisory and views presented are personal views and if you want to trade based on these views please consult with your...
In continuation to our earlier view our selling position is still not executed in Nifty and will enter once the level is reached. Bank Nifty our sell order have got executed and we have booked 50% Qty profit intraday. Now will hold balance for further targets.
In my view cycle from Mar20 Low is completed with wave I red and now we are into formation of corrective cycle in 5-3-5 pattern ((A)) -((B))-((C)) black. Out of which ((B)) black is either completed as shown in BROWN path or can complete after one more leg up as shown in BLUE path or BLACK path. In either case we are expecting one more 5 wave down to ((C)) black...
In continuation of our earlier view on Nifty and Bank nifty so far are inline with moves expected and still in trade, Now we are again having an opportunity to initiate sell trade in both Indices before we reach at Wave ((C)) black in both the indices to complete the corrective move started from 19-OCt. once we are done we will be initiating BUY trade for...
We have completed 5 Wave move Up since Covid Fall and now in making of 5-3-5 Corrective pattern ((A)) ((B)) ((C)). Its too Early to confirm Connector ((B)) is completed however assuming it is done, we can now expect making of wave ((C)) Black is in process and we can have entry planned @ 31080 Level with target to en-cash Next Up move of Wave III red. Trade Plan...
In Smaller time frame 1. Nifty seems to have completed 5 wave Impulsive move from MAR20 Low 2. Its 5 wave down from all time high to form ((A)) black of a ZIGZAG correction pattern. 3. We should expect a Relief rally soon to form a connector ((B)) black which should extend @ 17500-17600 zone which is 50 % retracement of latest move down. 4. Once Done we can...
After making high it seems we are done with the FLAT correction (C) after a last leg 5 Red is finished as long as it doesn't extend much beyond 858.85 level. AS the connect (B) Blue seems very shallow hence their is possibility of it making a bounce and forming new connector (c) blue which means we can even have one more leg Downside to complete the...