#banknifty weekly time frame hammer pattern formation Much-needed correction looks over in the market and we are heading back to ATH. If you don't do fishing in muddy water, then forget about creating wealth. Regards, SG
#banknifty 20 DMA placed at 40,183 and -2 Standard Diviation is placed at 38,440, so below 40,182, 38,440 becomes a logical target. Laxman Rekha for next week is 39,550 (If the price crosses above, don't be short) The market is expected to take support from 38,541 to 38,790 levels and bounce, 38K doesn't look like to get violated. This is a knee-jerk before the...
If Index Breaks this range (39,773 - 40,205), we will be heading much lower. Regards, Subhag.
#banknifty analysis for next week:- Wave 4 is always painful, hitting StopLoss left and right is a common phenomenon. Wait for the next wave 5 upmove Two analyses:- 1 HR TF for bird's eye view and 15 min TF analysis for day trading #elliottwave #nifty #stock #StockMarket
Tried to capture Elliott Wave Theory Patterns:- Elliott Wave Theory is named after Ralph Nelson Elliott (28 July 1871 – 15 January 1948). 3 Cardinal Rules of the Elliott Wave Theory Rule Number #1: Wave 3 can NEVER be the shortest impulse wave Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1 Rule Number #3: Wave 4 can NEVER cross in the same...
#banknifty view for 10th Aug'22:- Absolutely no weakness in the market, any dips must be utilized to build long positions. Live analysis free during market hours @ in.tradingview.com #Elliottwave Regards, SG
#crude analysis on weekly time frame:- Looks like we are in Wave C of the correction and we might see #crude get melted off. Always trade what you see, not what you feel. U won't need to join any webinar or seminar. Control your emotions and don't bet all your chips on a single trade. Regards, SG.
#banknifty positional view based on weekly time frame analysis:- Wave 4 corrections ( triple combo zig zag) seem to be over and Wave 5 has started, which gives an excellent target on the upside. Use every dip to go long, hopefully, we will have dhamaka Diwali this year. Regards, SG
#banknifty view for next week:- Wave 4 in progress, invalidation level 33,691 (30 min Candle Closed) Upside can be capped around 33,156 - 33,691, wave 5 can give 1400 to 2200 points on the downside. The live analysis will be available during market hours:- in.tradingview.com/chart/NAEb7esg/ Regards, SG
#banknifty expiry special:- Breakout Restest:- 34,722 20 DMA:- 34,648 PRZ:- 34538.00 Use the GREEN area to go long, the structure is OK, still, I don't see any issues. #elliottwave #nifty50 #stoackmarket
The key Fibonacci ratio that makes the Gartley apart from the other harmonic chart patterns is the shallow retracement of the AB swing leg which is only 61.8% of the XA leg. Another characteristic of the Gartley 222 pattern is the symmetry that can be found inside the A through D swing wave. The AB swing leg can be equal to the CD swing leg to offer us an ideal...
Rising wedge on #crude, expected a fall !!! Always trade what you see, not what you feel !!! Regards, Sg
#BankNifty analysis on weekly time frame based on #elliottwave analysis:- Posting analysis on BN after a long time of tradingview, this analysis will work as the bible for #elliottwave lovers, please do read, share & like & most important enjoy trading. We will try to decode the whole movement from 16,116 to 41,829:- • Wave 1 was from 16,116 to 21,967 • Wave 2...
Correction seems to be over in #paytm, go long with 900 as SL. ABC correction seems to be over and falling wedge breakout is happening.
#banknifty #budget2022 special analysis:- People were eagerly waiting for this budget day analysis and here you go:- 1. There is no weakness in the BN on the chart, price is above (5/10/20/200 DMA placed at 37,660/37,819/37,837/36,133) 2. There is a correction ( time correction) that is happening for the last few weeks, before the next upmove. 3. Friday high &...
No change in view, the view remains intact:- Use pullback for long. Pullback & Reversal should not get confused. View negates only below 35,865 closings. Regards, SG
#banknifty is heading towards the next 39,000 next week, till today's holds true. Corrections are normal, you shouldn't get panicked by this. Trade what you see not what you feel, enjoy trading. Regards, Subhag.
#ElliotWave & #Harmonic punched analysis:- Market might not come down and will continue to go up & up till 40K #banknifty #Niftybank Everyone is waiting for fall, including myself but the market is in no mood to give anyone a chance. Regards, SG