NSE BANKNIFTY – Wave Outlook
In our previous article, we mentioned the bearishness and unfolding corrective formation of wave Y structure. The price accomplished the expected price objectives by August 8, 2025.
Visit here: NSE BANKNIFTY – Elliott Wave Outlook
Timeframe: 4h
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NSE WIPRO – Bullish Setup
Timeframe: Daily
NSE WIPRO on the daily timeframe has completed an A-B-C corrective formation. The ATR stands at 5.30, indicating moderate volatility, while the ADX at 33.16 reflects a strong trend presence. The price has retraced to the 0.786 Fibonacci level near 237.39 and is currently trading below the 20, 50, 100, and 200 EMA cluster, suggesting continued bearish pressure.
The price is facing strong resistance at 246. A decisive breakout above this level could trigger a sharp bullish move, opening the path toward new highs. If 246 is breached, traders may look for potential upside targets at 252 – 256 – 265+. This setup is valid until it breaks 238.
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Indian market is just going insane, but the bullrun is not over:
This analysis very good
very different, your chart is good Setup!
good article, thanks for sharing
Very well put together.