aman12

aman12

Hey Guys, BankNifty bounced back quite nicely after the fall in September, Now it is ready for the bigger(Global causes also suggesting that) fall which is going to lead it towards 20500 levels if it completes the Head and Shoulder pattern.

aman12

Hi Guys, The current scenario for NIFTY 50 doesn't look good at all. 1. Let's talk about recent one, you can clearly see that it formed a Bearish Engulfing candle on the weekly chart. 2. There is a Head And Shoulder pattern formation is in the process, which is most likely to complete in December. 3. If you look at the Retracement Levels, You can see that it...

aman12

Hi Guys, Looking at the current scenario, the situation doesn't look good bank nifty can easily slip at 23500-23800 levels from here which is pretty much likely and if doesn't stop there it is going to slip to 20000-20500 levels where it has a strong support level. On the upside it has a huge resistance around 26000-26200 level, so to move upside it has to break...

aman12

Hi Guys, Titan is making a perfect head and shoulder pattern on the weekly chart which is bearish. It is the perfect time to get short(and get out if you are long). It made a bottom in November 2016 and then it never looked back. It had a good gap up opening in November 2017. Till April'18 it was making higher highs but in Aug'18 it wasn't able to cross previous...

aman12

Hi Guys, As you can see from the charts that SBIN is just sitting on the support level, And kind of working on Triangle waves formation which can take a while. Generally, it breaks out in the direction of the previous trend which was an uptrend. Triangle formation basically shows a pause the trend when it completes the trend resumes in the same direction. Price-...

aman12

Hi Guys, As you can see in the chart, It had a healthy correction and heading towards the upward momentum. And also crossed the 55 EMA line which is a good sign for it.

aman12

As you can see in the chart, clearly there was a truncated 5th wave after that it retraced 61% and working on forming a solid base around 250, there can be huge upside from here. And Electric Vehicles can be the trigger. Stop below 240.

aman12

There are 2 aspects to analyze any stock. 1. Fundamental Analysis: What to buy 2. Technical Analysis: When to buy 1. Fundamental Analysis, it seems like a good to buy because companies profit is increasing yearly, and operations profit is also increasing which is crucial for any company. Balance sheet also looks good. (Though I am not expert in fundamental...

aman12

Hi Guys, I have been away from the crypto space from last 3-4 weeks due to some reasons. And a lot has been changed from that point. It took some time to process that. Now let's talk about SKY coin. SKY has been very week in last 1-2 weeks and now gaining some strength. Now it's working on forming a strong bottom. According to the theory, the significance of...

aman12

Hi Guys, Here I am going to talk a little bit about the foundation of the Elliot waves then will discuss my idea. The form of the Wave Principle reflects the progress not of each man or company but of mankind as a whole and his enterprise. Companies come and go. Trends, fads, cultures, needs and desires ebb and flow with the human condition. Therefore, the...

aman12 Updated 

Hi Guy, There is a Bull flag is forming on the 1-hour chart which means it's going to break out soon. But Volume is my main concern right now because the volume is not confirming it. So There are 2 scenarios right now in my mind if it does not go below 7670-7680, it will possibly heading towards 7900 level for the 5th wave. The second scenario is that it has...

aman12

Hi Guys, Ox protocol(ZRX) have performed very well from last two months currently it's been in a pause mode and looking for the breakout again to form wave 3. If we see on the 1-Day chart it's forming the bull pennant which is going to break out soon. There is a little bit chance that it will go in the opposite direction because the crypto market is very...

aman12

Hi Guys, I posted the same thing before but I guess you people were not able to see the waves clearly so that's why I am posting it again so that you can see waves clearly. My apologies for that. Here I am going to analyze the 1-Month chart of NIFTY. So this is how it goes:- According to Elliot waves theory, the 1st wave of the next bull run starts from the...

aman12 Updated 

Hi Guys, If you see the one hour chart there is possible a bear pennant forming which will lead us to 7320-7340(Golden pocket) area which should hold and we can probably see a bounce back from that point. if that support couldn't hold we can see 7000 level again. I have tried to count the Elliot waves from the point of last crash at around 7050 but they are also...

aman12

Hi Guys, Here I am going to analyze the 1-Month chart of NIFTY. So this is how it goes:- According to Elliot waves theory, the 1st wave of the next bull run starts from the point of crisis or crash or war or all other depressing events. The major happened back in 2008. So from that point of time, the next bull run began. 1st wave: The first wave of the major...

aman12

Hi Guys, BTC currently following the channel 1 and looking to shift in the channel 2. It can possibly hit the lower line of the channel 2 at around 7500-7550 which will lead it to 8000 USD which will be a strong resistance. It will require a decent volume to break that resistance. Let's hope for the best. But still, my target is 9000 USD in coming 2-3 weeks...

aman12 Updated 

Hey guys, Looks like BTC is working on the leading diagonal triangle which is going to complete in next 1-2 days, decreasing volume is also confirming that. The target is around 7800 before going down maybe in the range of 7300-7400 possibly.

aman12

Hi guys, We saw a quick bounce of around 300 USD, which was without any significant volume. This is the thing we should keep in mind that RSI is also not able to cross the previous level so there is much of the possibility that it was a bull trap. tight your stop losses. There is much of the possibility that it will go down again. Not a financial advice.