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Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

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There Is Not More About BANKNIFTY Expected Channel Support

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Everything is mentioned in the chart

On Jul 18 2019 mentioned that Resistance(30840 nearby) available.

There is still more in small 4 channels of trend is up while 5th Channel is a flat trend.

On the date Jul 14 2019 BankNifty at support of channel

  • Banknifty also difficult to understand as wave movements.
  • Price is near the channel support.
  • Smaller positive new can boost banknifty to upward from the value low.

Banknifty is positive which indicate the direction is not clear and market waiting for news.

We have also gone to smaller time frame to get more confident for the way.

We detected 5 channels in recent created.
After breaking the channel, we have seen a minimum 1000 points move.

We are standing at the ending of the channel, ready for minimum 1000 points move.

Considering this, you will find two Flag Patterns which are indicated by a black line with an arrow. If you observe closely flag-pattern (i), and then you can clearly see a picture of the future if not wrong anything.

What we have mentioned in the past has verbatim followed, you can check out above charts also for clear perceptive.

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Channel Pattern Closed out for NIFTY?

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Pattern CLOSED?
As per our Theory, 5th wave always give you fired move as seen past. You can also check perfection on BANKNIFTY too.

If this is an excess of channel, then target is 11650 nearby and Resistance 11666.

–> Let us remind you.
On the date, Jul 12 2019 channel first drawn by us.

Exactly NIFTY was moved to (4) and U-Turn has taken directly to control price.

Jul 15 2019, In the chart it was pointed out (5) wave on this chart.

Finally, (5) wave was printed on the date of Jul 17 2019 and Taken Resistance.

Do you think that IS THE CORRECT visualization?

You can see in this chart today’s NIFTY move, it has exactly followed our words moved exactly to the same things we have mentioned.

Accurately happened what we predicted. Channel Was closed out.

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Reliance Ind with next move projection on chart

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Wait for Tail to trade. There are two channels, one is yellow which closed and another channel till final wave remain. A (5) wave projection is plotted on the chart with considering control price and no trade activitiess area.
I have also used the timeCycle but did not add it here cause of complexity.

  • Support as Value High at 1254 nearby.
  • Last candle showing price rejection.

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BankNifty footprint with clearities

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Resistance(30840 nearby) available from two factors,

  • 1 “Control Price” of main channel.
  • 2 (3) wave count of Channel.

In moreover I plotted 5 small channel the l into main channel. The 5th channel is absolutely different from all other channels which is shown with yellow color. There is still more in small 4 channels of trend is up while 5th Channel is a flat trend.

Something is going to become inaccurate. Look at the yellow two-box, if you detect this type of move during the market hours will result in your Big move in against direction.

Weekly Expiry.

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Visualized your clearly yesterday (5)wave of NIFTY

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Overlapping, and (5th) leg both are a sign of the big move. We can analyze the correct direct due to the live market from a higher timeFrame. I will update here direction and chart.

From TimeCycle, we are really very near to close pattern and Wave.

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Short JUBLFOODS Tail Is Created

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Get ready to start selling for JUBLFOOD. NOTE this is EQ. chart. SHORT eq. @1268

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