BANKNIFTY Can’t Wait to Fall – Even Without NIFTY’s Help

free nse BANKNIFTY daily tips chart

NSE Banknifty Break-out OR Fake-out?

Key levels: 36496 – 37060
Bank Nifty was following the uptrend channel from Dec 2020, and it had broken on 02 March ’22. There’s a new parallel channel unfolded.

In the last trading session, Banknifty has created a shooting star pattern. And this pattern is a single line pattern that indicates an end to the uptrend. At the same time, it is close to a parallel channel resistance line. Moreover, advance traders must look at 100 EMA on it. These signs are signaling further decline. And that could be from the parallel channel’s resistance line to control price.

An uptrend possibility comes from key levels breakout. So intraday traders can use it as an invalidation level. Moreover, Banknifty prices can hike up to that level this week.

If Banknifty doesn’t cross/close above the second level, you should prepare for the following targets: 36000 – 35800 – 35400 below

Where can be spotted after a breakout of 37060 level? I will update this soon with premium subscribers.

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Nifty outlook – Strong Recovery or Impending Decline

Free NSE Nifty chart calls

If bulls break the control line, we can expect the following target 17356-17472-17521. But The rejection from the control line will drive the price to 17150 – 17012- 16900. Nifty has completed Impulsive wave C of wave(c) of wave ((Y)) and started marching upward. In this initiative, we can see a sharp move with three gaps.

A gap down on Monday indicates island reversal and selling pressure.

Today we are going to update the BANKNIFTY‘s report at 8:30 AM.

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NSE NIFTY, Dwarkesh, Balramchin, & Britannia Trading Calls

free nse DWARKESH stock tips daily chart

According to Elliott Wave Theory, 5th wave has already traveled for more than 2.618% reverse Fibonacci retracement of wave 4. Now, bullish momentum can push it up to 134 – 136 at 3.618%.

NSE Balramchin & Britannia

Balramchin & Britannia Elliott Wave Projection: Click Here →
Wherein we recommended selling Balramchin & Britannia. Have you done this? Because both stocks have touched all targets.
What else do you want?

Nifty Is in the Fast Lane, But Where Is It Going?

Today, nifty has surged +331.9 rupees. And its overwhelming moves indicate that nifty may decline up to 15880 – 15686 before skyrocketing. But this could happen if it does not stay above the 16540 level. Intraday traders will see 16500 – 16540.

At present, the 16540 is a hurdle (resistance). If Nifty50 breakout this level and close above it, then you must understand that bulls have stepped in.

What happens next if that happens?

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NSE Balramchin & Britannia Elliott Wave Projection

NSE Balramchin – Traders are Anticipating Bullish scenario

Free nse balramchin chart calls

BALRAMCHIN has accomplished the corrective wave IV, and the price has started forming impulsive structure V. If the price breaks high of wave B, we can expect the following targets: 460 – 476 – 489+ for wave V.

If the price fails to break the high of wave B, we will wait for the pullback to enter. However, the breakout of wave B can be an intention that causes a new high, where demand pressure will exceed supply pressure. After accomplishing the final wave V, the price will start A-B-C correction.

Only premium subscribers will get entry, exit & stop loss.

NSE Britannia Sellers Are Active In Widespread Against Buyers

Britannia has broken down the crucial support level of 3320. It is the metaphor of a bearish move.
Traders can sell for the following targets: 3117 – 3073. Keep in mind that 3244 is a hurdle level where selling is a likelihood to start.

The invalidation point for free subscribers is the high of the previous sessions.

Entry-level & invalidation: Available for premium subscribers only.

NSE NIFTY Is Has Started Forming Wave C

How many of you traded on NIFTY call?
Click Here to read the previous article.

I had written in bold words, “Price has completed the sub-wave (iv) of wave C. Currently, we are riding on the impulsive wave V of wave C. If the price breaks the low of wave iii, traders can expect the following target of 16110 – 15978 – 15856.”.

It has touched all targets, and made a low of 15711. If you have traded even a single lot of nifty, you must have got 13000+ profit in just 3 days.

NSE INDHOTEL Has Potential To Continue Bearish Moves

I have also said to sell INDHOTEL yesterday. Have you?
Yesterday: NSE COALINDIA & INDHOTEL – BEARISH OUTLOOK?

I had written, “If the price breaks down the pivot zone & parallel channel, we can expect a down move for 180 – 173+“.

The first target of INDHOTEL of 180 had achieved yesterday. Will it touch the second target?

Free subscribers can book profit here. I will update all of these tradable instruments for premium subscribers.

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NSE COALINDIA & INDHOTEL – Bearish Outlook

EWT: NSE INDHOTEL Price Ready For Another Blast

Price Action Perspective:

Free nse indhotel daily chart calls

INDHOTEL is on the lower band of the parallel channel, and we have a pivot zone of 192.
If the price breaks down the pivot zone & parallel channel, we can expect a down move for 180 – 173+.
The invalidation point for free subscribers is the high of the previous sessions.

Premium subscribers will get a High-confidence trade setup on our application.

Elliott Wave Perspective:

Free nse indhotel hourly chart calls

INDHOTEL has accomplished wave B of wave ((Y)) and marching for final wave C of wave ((Y)). Price has broken down wave A at 193, and it is a bearish signal. Wave C can occur at 100% Fibonacci extension at 177 (wave A = Wave B).

However, if the price breaks the level of 177, it may fall for the lower band of the main corrective channel.

Indicator study:
I have used moving averages for confirmation. Price has broken down the 50 MA & 100 MA. It is a bearish signal.

NSE Coal India Bearish Again Rejected At the Resistance

Coal India has failed to break SEP 2021 high. And it took a reversal from the level of 197.75. Here, selling pressure is increasing due to speculators. We may see the following targets on Monday’s trading session: 177 – 172 – 165.

Entry-level & invalidation: Available for premium subscribers only.

Invalidation level has an important role here because that will change the direction of stock from downtrend to uptrend.

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NSE NIFTY Is Preparing For Final Wave C

Free nse nifty chart calls

Nifty is preparing for the final wave V of wave C of wave (C).

Price has completed the sub-wave (iv) of wave C. Currently, we are riding on the impulsive wave V of wave C. If the price breaks the low of wave iii, traders can expect the following target of 16110 – 15978 – 15856.

After completion of final wave C, Price will start a bull run. If the price fails to break this level, the price will reverse.

More bearishness will lead the price to the lower band of the parallel channel.

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