Nifty Bank has been corrected for about 800+ points today. It has retraced about 38.2% of the third wave. Mostly the index should continue to start its bullish trend at this level. Plan your trades accordingly. For educational and paper trading purposes only.
Nifty Bank formed a triangle kind of pattern which resembles a fifth wave after a good bullish swing. If the triangle pattern breaks, there is an opportunity for a long position. Note: For paper trading and educational purposes only.
A Quasimodo pattern appears on Midcap nifty on an hourly timeframe. Though most indices are hitting ATHs, the Midcap Nifty shows an apparent weakness. There is a chance to take a short trade with strict stop-loss. Note : For educational and paper trading purposes only.
Bank Nifty struck in a Parallel Channel and there is a potential for a good upward movement if the channel breaks out. We can plan a long position after the channel breakout. Note: For Educational & Paper Trading Purposes only.
Nifty Bank has formed a rounding bottom type of chart pattern along the lines of HDFC Bank, and both are at the breakout point. If the pattern breaks, there is an opportunity to long bank nifty for a good upside move. For Educational and Paper Trading purposes only. Plan your trades with strict stops.
Nifty set a new ATH yesterday and hopefully, the price action shows a little more upward movement is possible. A possible long position for a small move on the upside can be traded. Note: For educational and paper trading purposes only.
Nifty Bank gave a strong bullish move and is at the peak of the upper trendline of a parallel channel. If it breaks, there is a possible entry chance for long position. Note : for paper trading and educational purposes only
Nifty looks like ready for the big move as it appears like in the 3rd wave move after the wave C failure and extended 1st wave move.
Bank nifty formed a cup and handle type of pattern on a hourly timeframe. It is give a potential opportunity for short position if the handle gets broken. For paper trading and educational purposes only.
The completion of triangle pattern in the ABC correction of Elliott Wave is done.
Nifty Financial is ready to break its ATH. After bouncing from the lows, created during election results, Nifty Financial set an ATH and corrected testing the Fibonacci levels of .50 & .618 and ready to set a new ATH. For Educational and Paper Trading purposes only.
Nifty 50 gives a parallel channel breakout. The target is at 1:1 ratio. For Paper Trading and Educational Purposes only.
Nifty Bank forms a falling broadening wedge pattern and the resistance trendline is tested with a decreasing trend in volume. It is likely to give an upward movement. Markets are always right so follow strict stop-loss and risk management rules. This is for paper trading and educational purposes only.
Kindly correct the mistakes in plotting the Elliott Wave in this bank nifty chart.
Bank nifty formed an ascending wedge on a hourly timeframe and is about to give a breakout. A short trade is possible if it breaks the wedge downside. For paper trading and educational purposes only.
Bank Nifty gave a breakout of the Descending Broadening Wedge on a 1 hr time frame but it is yet to find the momentum to move forward. Meanwhile, a smaller ascending wedge is formed within the larger broadening wedge and ready to give a breakout. So trade as the price action develops. For Paper Trading and Educational Purposes only.
The Crude Oil formed a falling broadening wedge after bouncing from a support level. It gave the breakout and half way to reach the target. For Paper Trading and Educational Purposes only
Nifty 50 forms a bearish Gartely and is near the potential reversal zone. For paper trading and educational purposes only