Elliot Wave Theory claims that Markets form similar patterns of formations on smaller time frames that are visible on higher time frames, (higher/lesser degree). Crowd behaviour which the theorist defined for traders or market participants is predictable in a manner that it ought to cause a definite result after each sequential or circumventing interval. First...
SHOOTING STAR FORMATION IN UPTREND SUGGEST EITHER THIS IS CORRECTION OR HALT IN TREND WE CAN SEE UP MOVE IN FUTURE BECAUSE BEARS WERE UNABLE TO BREAK 11300 SUPPORT BULLS ARE STRONG THERE. EDUCATION PURPOSE ONLY.
IF THE CURRENT WEAKNESS IN NIFTY 50 CONTINUES THEN IT CAN HEAD TOWARDS ITS NEXT SUPPORT OF 10900 AND THAT WOULD BE A CRUCIAL LEVEL FOR NIFTY FOR ITS COMING MOVE AND IF NIFTY 50 MOVES UP AFTER THIS CORRECTION THAN IT CAN HEAD TOWARDS 11541 ITS NEAREST RESISTANCE. ONLY FOR EDUCATIONAL PURPOSE.
NSE:NIFTY today filled an old gap as well faced resistance from its trending channel.
Nifty Analysis at t.me/speakwithcharts
I am going to explain the basics on what to look for to learn how to trade Nifty 50 Indian Index and locate turning points in the stock market.There are many technical analysis trading strategies you could use to learn how to trade Nifty 50 futures and stocks within the Nifty 50 Indian index. In this video we are going to explain what you should be looking for on...