Hey guys an upswing is awaiting the ways of Nifty for right shoulder. Watching closely.
In my view the BANKNIFTY is looking for support near 43700-650 and waiting for the 45200. Lets see when the support is taken and when the target is achieved....!
Please go through the chart I have marked some EW counts. In my view 3 wave much extended (2.786x of wave 1). Now It may go up to 44292 as per the extension of 3rd. And Max up to 45356. Wait price to come to lower end of the triangle and that could be the best level for entry with SL. The levels are marked on the chart. Regards
Bearish divergence refers to a technical pattern that occurs when there is a discrepancy between the price movement of an asset and its relative strength index (RSI) indicator. In the case of Bank Nifty on the daily chart, a bearish divergence on the RSI suggests a potential reversal or weakness in the uptrend of the index. The RSI is a popular momentum...
In this analysis, we'll be taking a look at the CONCOR chart, which has recently completed its five major wave impulsive move, with each impulsive move having lower degree impulses marked as (i)-(v), and corresponding corrective waves marked as abc/xyz. To begin with, let's first understand what an impulsive move is. An impulsive move is a five-wave pattern that...
The head and shoulders chart depicts a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. The pattern appears on all time frames and can, therefore, be used by all types of traders and investors. The head and shoulders patterns are statistically the most accurate of the price action patterns, reaching their projected target...
Happiest Minds | End of Bearish Sequence | Elliott Wave Analysis Hey guys this is the elliott wave analysis of the Happiest minds technology. The Stock is looking near the bottom. This video is not for any investment purpose this is for educational purposes. All labels marked for your reference in the chart. Regards
Infosys wave analysis reveals that 5 waves of (A) and 3 waves of (B) have already completed, and the current focus is on wave (C). As of now, waves 1, 2, and 3 of (C) are completed, while wave 4 of (C) is currently in progress. Regards
IOL Chemicals & Pharmaceuticals Ltd is a leading pharmaceutical (APIs) company and is a significant player in the specialty chemicals space. It serves the domestic and export market. It is the largest player of Ibuprofen (pain killer) globally with a worldwide market share of 35%. Firstly, let's start with the concept of Elliott Wave Theory. This theory is a...
The chart of #Tesla was analysed on 06.02.2023. It was seen that telsa would come for a retracement but we were too early as the wave 5 was pending upside. Now it looks it will come for 61.8% of retracement for wave (ii) and will resume it's uptrend thereafter. Pls stay tuned for more educational content. Regards
According to wave analysis, financial markets move in a pattern of five waves in the direction of the larger trend, followed by three waves in a correction of the trend. The five-wave movement is called an impulse wave, while the three-wave movement is called a corrective wave. In the case of Axis Bank, the completion of five waves of (A) and three waves of (B)...
Hey Guys ! I could not publish charts during last week and up to today. Today gone through the chart of Crompton and Greaves and its near its wave (2). The instrument can move from here or from 78.6% level which is around 209-210. There is less to loose and max to gain. The chart is higher degree chart and it should be considered for 1 week or 2. (1) in the...
It seems BANKNIFTY has completed 5 waves of (a) upside and we can witness a selloff till 39600. Hold your breadth and be ready to buy at bottom of 40000-100 for the target indicated above...! Pls like share subscribe. This is not a trade recommendation, pls do your own analysis for any trade or investment. Regards
INFY IS LOOKING SHORT It looks like the INFY seller distributing at current level of 1487 and it might touch 1476 today itself. Regards No recommendation to sell or buy ...!
NIFTY-LOOKS C COMPLETED...! Please go through the 15 min chart, this seems that it is near to complete the 5th of C. It is time to be cautious on longs... Regards
Today tried to customize the ichimuku indicator. The output is in your screen... Pls like if you liked it.
BANKNIFTY HOURLY CHART-UPDATE FREE SERVICE Guys in my view their is no such condition to be very bullish. In higher degree we are in wave 4 of which we have completed (a) and (b) now we are in impulsive move down, and it will be an impulse as I am sure we are in an expanding flat. If you will have money, you will be able to put it at bottom otherwise you will...