Elliott wave analysis # resistance holding up-move
Tomorrow it may open above today's high and resistance can force the price down towards 15100 level.
Banknifty update:
Banknifty update:
Commento:
Possibility: If open is not wave 5 of C, up-move is pending. Now it might move up to complete the pending activity - either wave 5 of C or wave Z.
Don't trade it. I just go to watch it.
Don't trade it. I just go to watch it.
Commento:
Now from day low, either ABC or 123 completed.
If ABC, it can fall from here.
Not for trading.
If ABC, it can fall from here.
Not for trading.
Commento:
Update:
Nifty - from 24 May low to today high WXYXZ completed
Banknifty - from 24 May 9:20AM to 25 May 2:15PM Flat correction and then double-zigzag till today high
It should be impulse fall in Nifty and ABC fall in Banknifty.
Just sharing my view. Don't take it as trading advise.
Nifty - from 24 May low to today high WXYXZ completed
Banknifty - from 24 May 9:20AM to 25 May 2:15PM Flat correction and then double-zigzag till today high
It should be impulse fall in Nifty and ABC fall in Banknifty.
Just sharing my view. Don't take it as trading advise.
Commento:
Nifty Trade setup for 27-May-2021
BankNifty Trade setup for 27-May-2021
BankNifty Trade setup for 27-May-2021
Commento:
The above two charts are for 28-May-2021
Commento:
Invalidate my whole analysis if breaks today high (nifty 15455.55 and banknifty 35436.65)
Invalidated level: 15325