The_Trader14

The_Trader14

Nifty is trying to build minor wave 5 of sub wave 5. It will struggle for bullish momentum until and unless it breaches 22200. Once breached it will target previous high or new high. Wave 2 low is the invalidation level for above view. If Nifty faces any rejection before 22200 and breaches wave 2 low then 21100 and 21000 will be lower targets. Stay safe and...

The_Trader14

DAX is in the contracting triangle impulse and it is in the final leg of it. Sooner or later we can expect a correction in DAX and this will be a flat correction or sideways correction or timewise correction. As of now DAX is at the ceiling....as the pattern keeps developing more insights can be looked into it. Stay safe & Trade safe...

The_Trader14

Nifty is in final phase of correction and then it will move upside. Stay safe and trade safe. Note: The above information is just an idea and not a trade recommendation. Consult your financial advisor before taking any trade or trade at your own risk.

The_Trader14

A fall from here will take it to 19k and a breach of resistance will take it to 2050. If positivity in global markets continue then the fall will also continue. Stay safe and trade safe.

The_Trader14

HDFC has completed the impulse and ready to go for the correction. Expect correction till the rectangle box. Stay safe and Trade safe. Note: The above information is just an idea and not a trade recommendation. Consult your financial advisor before taking any trade or trade at your own risk.

The_Trader14 Updated 

Gold international is at the support area and looks weaker. If broken we can see it hitting 1935 and 1894 at the best case scenario. Dollar index is strengthening on daily chart and Market are moving to positive side. This will make Gold weaker and get the fall we are expecting. If Gold breaches 1964 on daily TF then the fall is negated. Inset Gold on weekly...

The_Trader14 Updated 

In my last post I shared that structure is not supporting more fall in GOLD. Because Gold was holding 2005 really well but yesterday when it slipped below it showing weakness in it. Below 2005 Gold is expected to test 1969 and 1960. Gold is falling as dollar index is strengthening. Support levels for gold are 1960 and 1944. If Gold goes below them then we can...

The_Trader14

Gold structure is not supporting more fall...Hence expecting one more pullback to upside. If incase the Gold international breaches 1978 on daily TF then we can short and targets will be updated then here. Till then market to retest 2050 or more. Stay safe and trade safe. Note: The above is not a trade recommendation. Consult your financial advisor before taking any.

The_Trader14 Updated 

Gold is accumulating after the big bearish candle. Gold will continue to be under bears influence until and unless 2067 is not breached. 2012 is imp support level if breached on daily TF then expect 1940 target in coming days. Invalidation point of our view is 2067. Long term = Bearish Short term = Bearish Fundamental news coming today as everyone are...

The_Trader14 Updated 

As published earlier Gold has respected the last high of 2048 and fell from their in five waves. Now it is in correction stage. Expect a pullback till 2022 to 2034 in form of correction. As of now we have wave B in making after completing wave A in three subwaves. You can take positions for wave C once wave B is complete. The small picture shows how last week...

The_Trader14

Gold has broken the parallel channel of last minor wave. The rejection is confirmed on daily timeframe by a long bearish candle on Friday. Hence we can see that the impulse wave of 5 waves is completed and we can expect market to give a good correction with initial target of 1857. If we take the 2048 as the high point of the impulse wave then it has taken 138...

The_Trader14

Gold has broken to the pattern on lower side and closed bearish on daily timeframe. More downside in coming days. Target 58500. Stay safe and trade safe. Note: The above is not a trade recommendation. Consult your financial advisor before taking any.

10:16

The_Trader14 Updated 

In corrective phase the more you look at charts the more ideas come up which can contradict your current position in the market. Hence get a simple outlook without complicating much and start working on it with good SL's & booking profits at regular intervals. If you liked the content in the video hit the like button and start following me. Stay safe and trade...

The_Trader14

Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. ***Ignore the Indiavix and Yield parameters below the chart.***

The_Trader14

Pound to face a good resistance from 102 to 105. We can expect fall till 80 in form of wave C. Invalidation level is 105.2956. Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade. ***Ignore the Indiavix and Yield parameters below the chart.***

The_Trader14

Nifty has broken the lower yellow trendline and took support at 200 EMA. Currently it is doing correction for the impulse wave which has broken the lower trendline. Nifty will continue to stay in correction phase until and unless it breaches the 200 EMA on daily timeframe. Currently it is in Wave C of the previous correction. Once 200 EMA is breached wave 3 of...

06:29

The_Trader14

Global and Indian markets are weak hence trade wisely. Stay safe and trade safe. Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.

The_Trader14

In my last post I did mention about the red zone acting as resistance. Banknifty did enter the red zone and took a strong reversal loosing almost 1000 points. Currently it is taking support on the red line. Both the levels are important for any side movements. Keep an eye on GDP news too. Play safe and Happy trade :) Note: Views only for educational...