WaveTalks

WaveTalks

Disclaimer: This is not financial advice. Consult your financial advisor before making any decisions. Falling Wedge Pattern & Its Impact on Markets A falling wedge is a bullish reversal pattern that signals a potential trend reversal or continuation depending on the context. What is a Falling Wedge? Shape: A downward-sloping, converging price...

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Patience rewarded! EURUSD dipped right into the 1.02-1.04 box zone as projected in Jan & March 2024, marking the completion of Wave C before delivering a powerful bounce to 1.08883! 📈🔥 How many of you held steady? From 0.95358, we identified a leading diagonal wave, signaling a long-term uptrend. The retracement to 1.02-1.04 (50-61.8%) was all part of the...

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ONGC is making history, transitioning from oil dominance to renewable energy leadership. On Feb 28, Last ONGC Idea on TradingView I shared my TradingView idea, predicting Wave 5 completion at the bottom and expecting a bounce off the trendline. And here we are on March 6—ONGC surges from 215 lows to 232+ highs as of today’s close with a strong green candle. ...

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20th Feb 2025 Last time, ONGC traded at ₹241 on February 20, 2025 , as shown in the snapshot. Today, February 28, 2025, the stock hit a low of ₹223. The big question—Is this a buying opportunity, or is more downside ahead? Let’s break it down: Double Divergence Unfolding - The RSI image on the daily chart (shown above the price chart) indicates a...

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Life and markets share a common truth: Decisions made at crossroads define the journey ahead. Whether it's turning left or right at an intersection or navigating the ever-changing waves of financial markets, one thing remains constant—preparation is key. In trading, emotions often cloud judgment. The impulsive, last-minute decisions taken without a backup...

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I Told You So… The Market Whispers! Can You Hear Them? Back in April 2024, I warned you to be careful as the stock approached key resistance at 314, forming a Bearish Bat pattern with a Potential Reversal Zone (PRZ) between 300-275. The stock topped at 287, right at the edge of invalidation. Yet, if you got convinced of the rally above 300, then...

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(Disclaimer: This analysis is for informational purposes only. Consult your financial advisor before making any trading decisions.) As anticipated earlier in the day at 12:03 pm BankNifty faced selling pressure right at the resistance zone of 49,600-49,665, leading to a sharp fall. Sharp Fall After 45 mins of Patience at 12:45 pm Was the sharp...

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WaveTalks Market Update - Budget Day Breakdown (Feb 1, 2025) The much-anticipated Budget 2025 has failed to cheer the markets, triggering a sharp sell-off that aligns perfectly with a classic Ending Diagonal (ED) breakdown. Technical Setup - ED Play in Action! For those following the Elliott Wave roadmap, the Ending Diagonal (ED), also known as a...

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Disclaimer: This analysis is for educational purposes only. Please consult your financial advisor before making any trading decisions. WaveTalks Market Insight – The Next Big Move? As discussed in the last idea, the market witnessed a failed impulse as per the dea mentioned below, leading the Index to drop to slightly new lows on 27th Jan 2025 ...

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As Elliotticians, this is one of the cardinal rules often overlooked, leading analysts and traders into traps. However, knowing the "line in the sand" where you could go wrong—48610—is crucial. Getting the opportunity and executing the trade is another challenge, leaving no room for emotions. Emotions in trading can be dangerous; in fact, managing emotions is...

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As discussed early morning .... 49000 was our key & psychological level ... Index dropped & came close to 48500-48600 zone Falling From 49000 Level Support Zone 48500-48600 Makar Sankranti marks the Sun's transition into Capricorn and the beginning of an auspicious period. Historically, equity markets turn optimistic post-Makar Sankranti, driven by...

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Rallied into the gap zone (51775-52000)—just as suggested! Did you read the last idea? Last Idea on Bank Nifty If yes, you’d have nailed the halt near 51740 & the pullback to 50951. What a session for the day ! Regards, WaveTalks Market Whispers! - Can You Hear Them

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BankNifty Analysis Current Scenario: - As discussed earlier, the rising trendline has been limiting the upside movement since the RBI Policy announcement on 6th Dec 2024 - The price is the primary indicator; economic news often lags behind price action. Elliott Wave Analysis highlights this effectively, using channels and trendlines as key tools. -...

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As per our last update via comment: “Bulls will remain strong if the index holds above 52,600.”... 5th December 2024 The rising trendline halted the index at 53,888. 6th Dec 2024 Post-RBI policy today, the index again paused near the rising trendline. The big question Will the buying zone of 52,500-52,600 come into play again? And if it does,...

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As we discussed on 1st Dec 2024, an upside move towards the recent high was anticipated. If the recent high holds...then what? I'm glad to see we got a strong 900+ points bounce in Bank Nifty Index since Monday, 2nd Dec 2024. This aligns exactly with our weekend discussion. Elliott Wave Analysis (Advanced School of Thought) This could be a classic market...

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In last week's video, we anticipated significant moves across BankNifty, Nifty, Gold, and Bitcoin, all aligning with NDA+ victory in the Maharashtra Assembly elections. Here’s a quick recap and what to watch next: BankNifty: What's Next? - The index could face resistance in the 51650-51950 zone as a Bearish Shark pattern unfolds along with falling channel...

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As discussed in yesterday's video, we're expecting a thrust in Bitcoin towards the 100K USD mark. Will this milestone become a reality soon? 🚀💰 Irregular Triangle An Irregular Triangle has beautifully unfolded, setting the stage for an upside thrust as per Elliott Wave Theory. This pattern, characterized by its distinct higher highs and lower lows within...

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As discussed last .....BankNifty unfolding a triangle & again took support close to 51000 which is most important support zone 50800-51000 Can we get Wave-E upside & achieve 800-1000 points target upside Strictly -----No Buying ------If Index drops below 51000 ................... Regards, WaveTalks Abhishek