Get started

Economic Cycles

Bank Nifty:Bow Tie Diametric pattern.End of wave E.Go short.Rise in Bank nifty seems to have taken a form of Bow-Tie diametric pattern.We have seen completion of wave A,B,C,D,E.Currently it seems like we are in the middle of wave F.Wave F equality target of wave B is coming at 34608.Also it seems like wave F internally is forming a flat corrective pattern of which wave A and wave B is done and today after price retracing wave A by 80% (at 35958) wave C has commenced.Internally wave C target of 100% and 161% extention of wave A is coming at 35163 and 3467
NSE:BANKNIFTYShort
by UNDERDOG-29
2
CNX PSUBANK:Time Cycle analysis and possible trade setuppsu bank index is following 55 days cycle meaning every 55 day we get a pivot low.so far we havent seen a lower low on psu bank index as compare to bank nifty or nifty.current 55 day cycle is ending on 31st may meaning around may end we can expect psu bank index to form important pivot low. adding moon phases to this cycle we can get to know the harmonic of the 55 day cycle.here it seems like post every full moon we are seeing either a significant rally or a consolidation meaning prior trend e
NSE:CNXPSUBANK
by UNDERDOG-29
1
BANK NIFTY:TIME CYCLE ANALYSISCYCLE PRINCIPLES: 1. The Principle of Commonality – Markets(Index) and security price(stocks) movements have many elements in common. In particular they tend to have common high and low points that coincide with cycles. 2. The Principle of Cyclicality – Price movements correspond to a combination of waves that exhibit cyclic characteristics. 3. The Principle of Summation – Cycle waves of different degrees combine to affect price movement and do so by adding the waves together. 4. The Principle
NSE:BANKNIFTYEducation
by UNDERDOG-29
25
NIFTY:TIME CYCLE INVERSIONConcept of Time Cycle: #A cycle is something that influences the price movement of a financial market to move up towards a peak, and then to move down towards a trough (or low point). #It repeats that action on a fairly regular basis or exist in continuous time. #There are multiple cycles which influence the price movement of any financial market.The multiple cycles that influence price movements combine in a very particular way. #This multiple cycle low's are synchronized as low are made on th
NSE:NIFTYEducation
by UNDERDOG-29
34
Bank NIfty:15 days time cycleBank nifty is following 15 days time cycle since Nov.2020, meaning every 15-16 days bank nifty forms important pivot low post which we can see rally. Yesterday we had 15 day cycle low day,post which we are seeing rally meaning cycle is still active and has capture past 3 lows perfeactly. Going ahead we can see this rally to continue and for short term 32155 can act as important pivot support for bulls.As we also have morning star pattern formation on daily chart. Focus should be to buy on dip'
NSE:BANKNIFTYLong
by UNDERDOG-29
My reasons and Your reasons behind losses while trading.Why do people take losses in trading? The reasons or mistakes behind a trader make losses. I suggest you these reasons should not be repeated. If you might have also come to cross from this reason and got losses, you can type in comment number of specific reason what you have faced. In case, you also have another reason except in this post, please or kindly specify it in comment section . We will discuss it for a solution. 1). Stop following the right/perfect "trade-setup strategy" eve
NSE:BAJAJFINSVEducation
by Trade-Technique
121
TATASTEEL:Morning star formationSeems like TATASTEEL might be ending flat correction which started from 1530 levels taking price all the way down till 1060.A bounce in the form of wave X can give good swing trade. Reason behind end of current flat correction. 1)Price reaching near 123% wave A extention in wave C fall 2)Price reaching 100% equality wave 1 target in wave 5 of wave C. 3)Price reaching wave 4 low's of higher degree(1050) 4)Morning star formation on daily chart. 5)Positive Divergence between wave 3 and wave 5 low
NSE:TATASTEELLong
by UNDERDOG-29
17
Bank Nifty:Diametric last leg ending soonAs it turned out price took form of diametric pattern in wave d(yellow),currently it seems like we are in wave g(green) of diametric pattern target of which is coming at 37650.Again we are nearing cycle low zone at 12.45 PM today.One should look to buy index if we get reversal candle which closes above previous candles high from now onwards,although it would be aggressive trade but worth while to take risk as time will be favoring bulls post 12.45.Ideally pattern completion would be above 38200
NSE:BANKNIFTYLong
by UNDERDOG-29
Bank Nifty:Elliot wave + Time cycle.Attaching 30 mins chart of Bank Nifty. It seems like Bank nifty is following 21 candles cycle on 30 minutes chart as it has captured most of the low's formed since 30-12-2021 (12:15 P.M. on wards).As per this cycle next low is due at 1.45 P.M. today. On wave front,i think it is either making a diametric pattern or an triangle,as wave B took less time then wave A in the labels shown from 25-01-2022 9:15 A.M. on wards. Scenario-1)Diametric As per diametric patterns guidelines, wave E target is
NSE:BANKNIFTYShort
by UNDERDOG-29