sanketthakur111

sanketthakur111

Wave analysis of mahindra and mahindra. Hold for long term.

sanketthakur111

Nifty elliot wave analysis 🔹️ Rise from 16410 is in the form of impulse on upside suggesting that we are in 5th leg of impulse (might be truncated) on daily timeframe which started from 14150. 🔹️This are the internal wave counts of 5th leg 🔹️Important resistance and support are shown on chart . . . Remember this, wave counts can be change as market moves. Only...

sanketthakur111

🔹️This post is in continuation with last post. Please refer last post first to understand 360° view. 🔹️This are the internal counts of 5th of 5th wave on 15 min timeframe. 🔹️As per timecycle analysis, it is "expected" that fall should be over by Tuesday 2nd half. . . . Enjoy weekend and Merry Christmas 🎅🎄🎉🎊

sanketthakur111

Bank nifty elliot wave analysis for Dec 2021 expiry 🔹️ We are at the end of 4th/at the beginning of 5th wave of 5th wave. 🔹️ As per time wise correction, Wave 3rd of 5th took almost 17 candles on 1 hr timeframe whereas 4th wave which may/may not completed took 22 candles till now so it is "expected" that we have completed the correction and ready for 5th of 5th...

sanketthakur111

Nifty elliot wave analysis 🔹️we are in the 5th wave. 🔹️Possible wave projection for wave 5 is 0.618 to 0.786 of wave 3 (17765 to 17528) 🔹️17100 and above levels will act as strong resistance for 23rd Dec expiry. 🔹️Any bounce to 17100 will get sold into. 🔹️Sharp bounce after wave 5 will confirm the wave completion. Fun fact - wave 5 is where most retailers short...

sanketthakur111

Nifty elliot wave 🔹️Zone of 17450 to 17500 will act as strong resistance for 16 Dec 2021 expiry. 🔹️As long as 17650 defended on upside, maintain sell on rise stance. 🔹️ If 17650 get broken then whole wave count will change. Instead of impulse downside it will get change to some corrective pattern. Always follow the trend. trend is your friend 🤝🏻 and most...

sanketthakur111

Bank nifty forming ending diagonal as 5th wave on daily timeframe. Possible targets are 37500 to 37600 range. We all know what will happen after that. . . . Keep SL as per your own risk. Never risk more than 5% of capital in single trade.

sanketthakur111

Bank nifty forming diamond pattern on hourly time frame. Diamond chart pattern shows reversal sign. Possible target is 36000 before expiry of 16th sept. Keep SL of 36850. You can shift SL according to your risk. Never risk more than 5% of capital in single trade.

sanketthakur111

Bank nifty gave fantastic upmove on 24th Aug which signifies wave 5th of impulse wave structure. Possible targets are 0.618 and 0.786. . Might form ending diagonal in final leg. . . Always trade what you see, don't trade what you feel! . . Always use stoploss. Don't be in open ended trade. Never risk more than 5% of capital in single trade.

sanketthakur111

In continuation of previous post, never get trapped in fakeout.. Trade safely.. bear moves are more volatile than bull moves. Target level changed little bit.

sanketthakur111

Nifty completed its impulsive wave on 18th Aug and now is in corrective ABC wave. Expected targets are 0.5, 0.618 and 0.786 . . For further analysis need to see reaction at 16150. If breaks below, corrective cycle will continue and retrace to 1.618 levels. Trade accordingly. . . No trade should be open ended. Always use stoploss and trail your profits. Never risk...

sanketthakur111

Is bank nifty heading towards 37k?? 2 possibilities 1) we have completed corrective wave with ABC structure and now in the 5th wave 2) we are in the corrective wave X with wave structure of WXYXZ Positional long can b initiated once breakout on upper side. Don't chase the market, let the pattern form. Don't b in open ended trade. Always use SL. Never risk more...

sanketthakur111

5th wave extension of nifty. Nifty extended to 0.618 and now heading towards next level which is around 0.786 extension (16692). Zone of 16650 to 16700 will act as strong resistance and might b possible of reversal. . . Always use SL and never b in open ended trade. Never risk more than 5% of capital in single trade.