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NIFTY Weekly Overview – 05 December 2022

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Did you read the previous Outlook of Nifty 50? Click here: NSE NIFTY Weekly Overview – 31 October 2022 Result of the previous outlook: We discussed the importance of closing above the pivot level in our previous outlook. The price was trading at 17786, and it has broken out of the dynamic resistance line. My outlook for the month was bullish.
I had written clearly, “Can you imagine that one bullish candle could reach the 19000 targets in every advisor’s notebook?”
  • Price has made a new high of 18998 in the future market.
Where do we go from here? Timeframe: weekly Free nse nifty chart calls Continue reading

NSE TECHM – High Confidence Research Report

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Free nse techm weekly chart calls

Timeframe: Weekly

TECHM has made a high of 1838 and completed the impulsive wave (5). It is the ending point of an impulsive wave that marks the beginning of a corrective wave. After the breakdown of the base channel, the price has stated an ABC correction.

TECHM has accomplished an impulsive wave at 943.7 with 2.618% reverse Fibonacci of wave (B) and 1.618% of wave (A). Wave (C) occurred nearby the previous sub-wave 4th at 943.

The current price movement is near the recent high of 1164, which represents a resistance level. This level should not be ignored if you have taken a long position. 1164 -1196 is a strong resistance zone that can abrupt upward momentum.

If the price breaks this range, swing/Positional traders can buy for the following targets: 1262 – 1360 – 1436+. Breaks out of the previous high suggest start of an impulsive wave, but the range breakout will be a strong evidence for an impulse. 

Free nse techm weekly head and shoulders callsContinue reading

3-Tricks : Where to start Elliott Wave counting on the chart?

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Publish Date: 26/08/2021
UPDATE 2.0

how to wave count in elliott waves?

We get a lot of questions about Elliott Wave, but a set of questions often received from the followers:
  • Where to start wave counting on the chart?
  • How do I begin/start wave counting on the chart?
  • How do you do Wave Counting?
As a part of establishing Elliott Wave Counting on a chart, we use three working tricks. These are my steps/processes or tricks that can help you to start counting waves.Continue reading