#SBI - there is a potential bearish view here. It could make a truncated low too. This would be it's last move down to make a significant bottom for years to come.
#Hdfcbank - price below 1020-30 would be a sign of weakness.
#Nifty closed below 200DEma(10841) while 200DSma is @ 10760 via @wordpressdotcom
#nifty 10920 protected so far - "May" have done the vth @ 10928. Last update..🙏
#nifty may have done a truncated low for the vth @ 10957. This view gets negated below 10955.
#nifty - 2 scenarios at play for the day 1. IF holds 11060-80 approx. & moves up before consolidating in 11160-11060 zone 2. IF resists @ 11150-170 zone & breaks 11060 to move to 10980-990 & reverses Levels are approx. but the directions are labelled. Larger 4th would be choppy
#banknifty - 2 scenarios at play for the day 1. IF holds 20960-21010 approx. & moves up before consolidating in 21350-21000 zone. 2. IF resists @ 21250-350 zone & breaks 20950 to move to 20650-750 & reverses. Levels are approx. but the directions are labelled.😀�
#Nifty, keeping above 11060-080, likely to test 11250-300 zone. via @wordpressdotcom
#nifty to move to 11050 & lower. Low done 11025 & the 3rd wave is done from 11618.
#nifty tested 11085. 3rd of 5th wave done and after corrective upmove would go down again to make 5th of 5th.
#nifty - "Will try to break 11120" Broke it just now , low 11107 Logically should break 11085 & move lower. However, take profits periodically.
#nifty - Did not move above 11240 (High 11236), now @ 11140 EW, one of the true guides - easy if you have faith.
#nifty - IF "ABC" correction done fm 11794-11185-11618-11085,Nifty could reverse to make new highs. This is the last part of decline, if there's any🤔 For the day, remaining below 11240 & breaking 11185 would keep the bearish scenario going. EW with it's retraces guide you well
#nifty fell from 11250+ (High made 11259.55) to 11185. A critical retrace done @ 11231-11240 (High @ 11236) Any move above 11240 would negate bearish view in ST. Will have to wait for more clarity
#banknifty in it's last leg of fall and there are 3 scenarios presented in the chart. Only a move past 21600-700 would confirm that downtrend is over. Until then, sell on rise continues. For the day, last fall retrace of 21412 to 20958 is critical at opening session.
#nifty open price move would reveal which of the 2 scenarios unfolding 1. Either (ii) of vth wave is already done @ 11176 at close yesterday or it would be done in the range of 11190-210 & fall to 11050/ lower 2. Complex ivth wave continues till 11250+ & then fall to 11050/ lower
#Nifty, keeping below 11200-225, likely to test 11000-050 zone or lower via @wordpressdotcom
#nifty pause provided almost our selling zone 11170-185, high made 11169 ..
Ideal level to short #nifty is @ 11170-11185 zone with 11205 as SL.
#nifty has done a small 5 from 11250 to 11125; there will be a pause (as long as 11125 holds) after which downtrend resumes.