Banknifty Price Action-Price Pattern: The pattern of Head & Shoulder has come to the notice on 1/2 hourly chart of BANKNIFTY. The price may reach the target range if it sustain below the neckline. A retest of the neckline may take place in first 1 hour of trading in the morning. The analysis will be invalidated if the hourly candle close above the neckline. This...
Whatsoever the world market are showing the BANKNIFTY looking in 4th wave of downward impulsive move, I may be wrong but have an unbiased view about BANKNIFTY. I am expecting it to come down for wave 5th for 37576 and 36551 targets. This is my personal view not a trade recommendation. Thanks
Aarti Industries looking in its Primary wave 2. And seems from the chart it is doing a WXY Correction. The W is done near 786 and X is also completed near 994. The WXY correction is also called a double three correction where we have 2 pair of abc and one connecting wave x. The connecting wave X can be in any corrective pattern. We are in 2nd pair of abc where we...
It is clear from BANK NIFTY chart that we have completed a five wave structure near 41862 and we are in an impulsive down ward move. This move is 5 wave structure as seen from the chart. We may for tomorrow can go upto 38197 and a pullback of up to 38893 from there is expected. then we will resume its down move till 37071 and here hopefully we will complete the...
In godrej Properties we are correcting against the higher degree wave (1) that had moved till 2598. From the chart it can be observed that we have completed the correction at 1129.55 which is the recent low. Keeping this low as invalidation we can see that we have completed minute wave (i) and we are standing at low of (ii). We can witness higher price action in ...
Adani Wilmar wave analysis: Adani wilmar is doing well in terms of waves. So far we have done wave 1, wave 2 also looks completed. Now we are in a non-convincing up move but it looks like adani wilmar is making space for upward move. Investor can invest on advice of their financial advisor. This chart is not a trading/investing advice. Please ask your experts for...
DOW JONES Structure Looking Bearish From the chart it may be noticed that it is making a head and shoulder pattern left has been made head has been made now the up move up to 32900 will be considered as right shoulder and breaking the neckline would make it really bearish. This is for educational purpose only. Regards
Nifty-50 is showing the characteristics of a leading diagonal. I have mentioned all the rules regarding the leading diagonal and plotted them at the relevant level. Please go through the chart and try to understand which has been made very easy for you. Nifty may bounce back from the current level or from 15300 or from 14800. The level projected are purely based...
Nifty is doing wxy correction. Has done W & X. Now we are in A leg of Y. The correction will be 5 3 5 5 for A 3 for B and 5 C. 1st of A will end near 16800. The ultimate target may come to 15600 to 15800. Positional shorts or wait for investment strategy may be applied. Pls do your analysis or take the advice of your advisor before jumping for a trade. Smaller...
In bank nifty we are able to see the divergence in 3hr time frame. Indication of completion of wave B. I may also be wrong but what I see tell you guys. Thank you for your support. Regards
Bank Nifty is at a make or Break level right now if it has to resume it's up move towards recent high then it should not break the line, and then it can show you a good level of prices and if it break down the label highlighted by white line then it may go to the label marked by arrow . thank you
Please see the chart of GNA axle where in 4th has just completed and it's going for new uptrend. Guys do your analysis before any trade execution i can be wrong too.
I think reliance has doe it's correction for 4th wave .. May give an up move till 2800 for 5th wave. This is not a trading advice. Regards
See the chart, chart is self explanatory. A retransmit is expected after 18400-18420 levels. Pls follow,
Banknifty looks is doing its correction It may be long ago around 37k
Can buy Aegis Logistics for medium to long term. Long term targets 600+ Please check the fundamental at your own. Regards