sufficientDog30325

sufficientDog30325

Vedanta for a fall. In the first long term wave, we are in the second correction of the wave two and if you see the wave, it is in a third wave fall of the 3 sub waves which could be as deep as .618 fib levels as per me. Also, it is now at a triangle resistance at the top of the trend line if you see the dark white line and the volumes have weakened...

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Nifty seems to form a 5-3-5 irregular wedge. Sorry for the cluttered chart, but the white waves are corrective and the yellow ones impulsive. We seem to be in wave 4 of the last corrective wave with 18000-18200 levels on cards before we fall further downside. SGX too, interestingly seems to be on a similar trajectory. Another interesting aspect is that the year...

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Bajaj Finance in overbought zone on the topside of the value area with several tops forming and a struggle to break above the zone even in a trending market. After a mini-bull run, if Nifty falls as per my analysis, this could be one of the first contenders to crash. Obviously, if analysis fails, then it could breakout and go up. But with weak volumes in the...

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GAIL seems to have done a Daily breakout after a long downtrend. The weekly and monthly chart also seem promising on pivotal support levels But the level is crucial as still, we are in a zone of uncertainty with respect to nifty. Either ways, with crude and natural gas bullish, GAIL seems long. But, being at a crucial support, market collapse could lead to...

sufficientDog30325

SGX Nifty seems to be forming an irregular 5-3-5 Elliot wave. As such, a kind of triple top is forming after a strong rally and the volumes seem to be weakening. With inflation on the rise, bond market yields increasing and USD peaking, fundamentally, the market seems to be set for another wave of correction in what could be a period of Quantitative tightening...