Intraday Stock Tips

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Nifty Outlook: Is This The Last Pivot zone For The Bears?

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Free nse nifty chart tips

After creating the low of 17836, we have seen a price surge to 17623. Nifty again reached the pivot zone 17621.

If niftysustains above 17621, traders can buy for the following targets 17680-17765-17841+.

Also, a price above 50EMA indicates the presence of bulls in the current juncture.

Please note that the rejection of the pivot zone indicates that the price is not going above.

Free nse nifty chart tips

Price had broken out of the value area, and I suggested buying nifty after price entered into the parallel channel.
Price has made excess and entered the equilibrium area, where supply equals demand.

Currently, the price is on the control line. It controls the up and down movements inside it.
Nearly every up or down move in the value area stops at this control price line. It is pivotal support and resistance level inside the value area.

It is called pivotal because of how price oscillates around it.
If the price sustains above the control line, we have a butl bulllish scenario for, 17800+ as I mentioned above. But rejection of the control line will drive the price to 17226.

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Wave Counting & Head & Shoulders Pattern on multi-time frame for AXISBANK

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First, we’re going to do a review of the wave principle if you are new or beginners. The wave principle is a form of technical analysis that is based on crowd psychology and pattern recognition. What the wave principle does is provide the context of you and it does so by means of two different modes.

    • Motive waves and,
    • Corrective waves

Within the Motive wave family we have two types: impulse wave and diagonal. For the Corrective wave family we have 3 types: Zigzag, Flat and Triangle.

Let’s first examine what an impulse wave looks like.

This is what a classic or standard “Elliott Wave” impulse wave real-time example in above chart. It is a 5 wave non-overlapping move waves 1,2,3,4 and 5. Therefore, those who have some experience with the wave principle will recognize  the “wave 3” as an extended wave. Here, within this move to the upside, this impulse wave. The reason it’s so important is that it defines the trend of the next launcher degree, therefore this could be either “wave (1)” or “wave (B)”.

Now there’s some rules that pertain to the structure.

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EURCAD: Bullish Scenario is Active!

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Free forex currency eurcad chart calls

EURCAD is forming a downtrend channel.
Price is establishing a final sub-wave 5 of wave (5).

In my previous idea, I have mentioned that, If the price breaks down channel C, the following targets for Wave 5 will be 1.4313 – 1.42520 – 1.41652- 1.41156.
Price reached all the targets of wave (5).

Click Here to Read previous article.

Currently, the price is heaving correction, but safe traders can enter after the breakout of the C channel.

After making wave (5), if the price breaks the B channel, it can go for 1.4377 – 1.4466 – 1.4569 – 1.4645+. And Price will start a new 5-wave impulse structure. Invalidation is available for premium subscribers.

Please note that without a breakout, trend changes may not be possible.

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Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

NSE – Nifty Tips & Update

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Before:

Free nse nifty chart calls

Price was out of the value area, and It has given 78.6% retracement of the previous move.

To maintain equilibrium, However, price should enter into the value area.

The lower band indicates a crucial demand zone. But if the price fails to break the lower band, supply will exceed the demand.

Click here to read previous research report.

After:

Free nse index nifty 50 chart analysis and tips

Price has entered into the value area, and price surged to the control line, which is the controller of any particular trend move.

I have mentioned it in bold words,” At this juncture, the price has entered the value area. The lower band indicates the demand pressure. The price will surge towards 17369- 17487-17612.

28th January 2022: 

12:15 PM – Price entered into the value area. The first target of 17369 has reached, and the price has made a high of 17373.

1st February 2022: 

9:15 AM – Price has reached the second target of 17487.

12:00 PM – Price reached the final target of 17612.

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EWT: Will Crude Oil Reach 7000?

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Free mcx crude oil chart tips

Crude oil is forming impulsive waves ((5)).

After the completion of wave ((3)), the price had started complex running flat of the corrective wave ((4)).
Wave B has crossed the high of wave ((3)), but wave B couldn’t break the low of wave A.

Price has made a failure of swing low, which was a rejection of a downtrend, and crude oil gained momentum.
Price has exceeded the sub-wave B of wave ((4)).

Sub-wave 4 of wave ((5)) is in progress.

If their price breaks out the high of wave 3, we can expect the following target for final sub-wave 6697-6785-6865+. It means the price has bullish sentiments above wave three and vice versa.
Breakout of the parallel channel shows the weakness of the impulsive wave. Note that wave four can never overlap the starting point of wave 1.

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Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

Nifty Outlook: Is This The End Of The Bull Market?

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Free nse nifty chart calls

After breaking the parallel channel, the price entered the value area.

Price has started a seller initiative by going out of the price zone.
Buyers responded more to sellers’ initiatives with an excess.

At this juncture, the price has entered the value area.
The lower band indicates the demand pressure.

If the price does not stay above the lower band at 17250, it could move downwards to the lower levels – 16628-16410, because the price didn’t break the 78.6% level.
Otherwise, the price will surge towards 17369- 17487-17612.

Note that if the price does not break the control line, it can not reach the upper band.

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