#nifty one more dip near today's low or a bit more, then an upmove will kick start, that's what I am seeing. WXY Correction, Wave Y last leg Wave 1,2,3,4,5- In progress. #elliottwave Regards, SG
#banknifty On Weekly Time Frame 45,214 will continue to act as strong support. The wave 5 min 61.8 % projection is complete but the price has given as breakout above the weekly trend line resistance and there is a pullback to the breakout. From the weekly time frame, the next direction is not very conclusive. On 1 HR TF analysis, till Friday's low is not...
#banknifty weekly time frame analysis:- Rising weekly trendline, two probable setups. a) Trend reverses b)Trend continues But when looking carefully at daily TF, the 5th wave is still not complete and the rising wedge can break on the upside and the rising wedge will turn to rising channel. #elliotwave #trading #stockmarket
#banknifty analysis for next few weeks:- #banknifty is currently in a complex correction phase and general traders should avoid these types of market. On the pattern formation, we see the head & shoulder patterns getting formed, the neck will break around 43,400, which gives us two targets on the downside (42,992-43,109) and (42,250-42,493). For swing traders,...
#banknifty is done a Double Zig Zag correction, the first abc is irregular(indicates this high 44,498 will be crossed) and the second c should not be broken (43,706). Be long until 43,706 is broken for a higher target of 44,498 and above. Regards, SG
#nifty what a beautiful setup has formed, falling wedge followed by ABC wave. Higher-ups target on chart. Enjoy the price action & enjoy trading. Regards, Subhag
#banknifty two possible #expiry scenarios are explained in the analysis:- Today in the 2nd session, there has been a structural breakdown in #banknifty. 1. Rising wedge becomes a rising channel & the price takes support and moves up. 2. The price continues to fall and we get into ABC correction & much more significant dent on #bankifty. Regards, SG
Here's a general explanation of how a flag breakout pattern works: Flagpole: The stock experiences a sharp price movement known as the flagpole. This initial move is usually in an upward direction but can also be downward. Consolidation : After the flagpole, the stock enters a period of consolidation, forming a rectangular pattern called the flag. During this...
An ending diagonal serves as the top stone of an impulse (wave 5) or a zigzag (wave C), so let's find out more about an ending diagonal pattern. The main rules for an ending diagonal This pattern subdivides into five waves. Wave 2 never ends beyond the starting point of Wave 1. Wave 3 always breaks the ending point of wave 1. Wave 4 usually breaks beyond the...
#nifty:- Are we heading for an ATH in nifty? “Alternate Projections of the AB = CD Pattern Although the AB=CD pattern is a great set-up when each leg equals the other exactly, there are many situations where alternative Fibonacci calculations are required to clearly define the Potential Reversal Zone. Although there might be a clear pattern developing, it is not...
#banknifty view on 30 min TF:- Wave 4 going ON, it will be complex as always (Docubel Zig Zag, #elliottwave). Wait for the lower side support area for buying opportunities. Invalidation:- Daily closing below 41,500.
#banknifty Intraday view:- Neutral Support:- 43,091 - 43,161 (Fresh Selling only below this level) Resistance:- 43,450 - 43,492 ( Upside 43,700+ gets opens above this resistance) Regards, SG
#banknifty view for the coming week:- Support Area:- 41,791 - 42,537 Immediate Resistance Area:- 42,856 - 43,025 If we assume wave 3 of the current upmove is over and we are currently in wave 4 on the move, then things are not clear we are in 12345 or ABC movement within wave 4. The structure will only weaken below 41,791 and bears will be active below that...
#banknifty can this be a cause of the recent rally? Really don't know, but to safeguard ourselves, make 43,000 as laxman rekha (above positive & below negative) Confirmation of this setup will only come if 42,500 breaks. Regards, SG
#banknifty expiry day view:- View:- Will look for reversals in the upper areas to SELL. Laxman Rekha:- 41,274 Regards, SG
What I see in #banknifty is the H&S breakdown, which can give a potential target of around 40,300 areas. Regards, SG
Breakout in Vodafone Idea, levels & stop loss in the analysis. #vodafoneidea #idea #stocks #stockmarket #elliottwave #trading
#BANKNIFTY Short-Term Positional View ( 1 - 3 months):- Let me post what I see: a double zig-zag painful correction in the market, where positional buy is only above 42,000 levels (closing basis). People will get trapped on both sides and until and unless, you are ready to read this complex correction in a minute way, making money will be challenging in the...