For the Day, #Nifty remains "Down" till below 18300 via @wordpressdotcom
#Banknifty Day/5 min. points to continued upsides holding 40150-200 for ATH & ATH There is distinct impulsive "5's" from 34818. Critical point to be revealed in the early part of next week is whether normal 5's unfolding or 3rd wave that started from 36876 would be sub-dividing
Breadth of Nifty50 is on the way down compared to a week ago, measured by the no. of stocks trading above 50DSma. 14th Oct: 41 above 50DSma 22nd Oct: 32 above 50DSma (And, 7 stocks are just 0.40 - 3.0% above 50DSma) Outperforming sectors: Banking & Finance, Select Autos.
#Banknifty IF moves past "40310" would be a break out. Broke out & trading now @ "40489" #Elliottwave Pointed out to "Settlement blast" yesterday And, today, a "5", followed by "abc" followed by another "5" unfolding..
#Hdfc 2850CE Part booking makes sense, Now @ "66" Reason being, it never featured in Top IV gainers for the day.
#Banknifty Broke 40200. #Nifty will drag it down !!
#Banknifty internals.. Holding "40200-40250" is critical.
#Nifty Below 18120 approx. is weak for the day. Holding "18120" is critical to revisit highs..
Didi you get in @ 2890 #Hdfc It fell to 2895 & now @ 2912
#Banknifty internals.. Impulsive "5" done.. "abc" underway...
#Nifty internals update. Not impulsive but corrective
#Hdfc 2850CE From 50 doubled to "102" Part book..
#Nifty internals.. Waves could sub-divide too. We'll know soon how it's going to unfold..
Generally, #Hdfc "Top Gainer" remains in Top position unless challenged by any other.
#Hdfc 2850CE almost doubling from opening low.. It's just 9.30AM !!
#Hdfc Week-Day-Hour "aligned" to take out ATH Making ATH From Day's low 2856 to "2905" so far.. 2850CE 50 to 81.
#Banknifty in early stages of it's major 3rd wave similar to #NiftyIT did in May 2021 lasting many months. IF key retrace of last rises is held, this should last many weeks. Simple, yet powerful.
#Axisbank throws up some interesting observations. Read the comments & labels on chart. Market alone would validate which kind of up move is going to unfold. What is in our control is "watch the last rise retrace from 792 & limit our risk" Any one has better observations ??
#Hdfcbank Held "1660", making a low of 1661 IF moves past 1695, it would be a break out from "Flag" consolidation with sharp & swift up move This is #Priceaction with #Elliottwave context IF MACD, #Trendindicator, which has turned up, triggers, it would give stability to upmove