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Nifty 50 Elliott Wave Analysis: Potential Retracement LevelsNifty 50 Elliott Wave Analysis: Potential Retracement Levels The wave count for Nifty 50 has been structured from the Covid-19 lows of 23rd March 2020. Since then, the index has undergone a well-defined Elliott Wave progression, forming distinct impulsive and corrective waves. Below is a breakdown of the wave structure and the potential retracement targets. Wave Count Breakdown: 1. Intermediate Wave (1): o Completed in October 2021 with a high of 18,604.45. 2. Corrective Wave (WXY) - Intermediate Wave (2): o A corrective retracement followed, unfolding in a WXY pattern. o The correction concluded on 13th June 2022, with a low of 15,183.40. o The retracement was less than 38%, indicating a strong bullish phase. 3. Intermediate Wave (3): o Nifty commenced its third wave, subdividing into a five-wave structure of a minor degree. o This bullish wave extended significantly and peaked on 23rd September 2024, with a high of 26,277.35. Retracement Expectations: • Wave (3) exhibited an extended Wave 3, and according to the Elliott Wave principle, when Wave 3 is extended within a subordinate wave structure, a retracement typically occurs towards: o The bottom of subordinate Wave 4 or o 38.2% Fibonacci retracement level • Key levels to watch for potential retracement: o 38.2% Fibonacci retracement: 22,039.45 o Wave 4 bottom (4th June lows): 21,281.45 If the retracement aligns with Elliott Wave rules, we may see a pullback toward these levels before the next bullish wave resumes. Pls follow for such insightful ideas. Disclaimer : This analysis is for educational and informational purposes only and should not be considered as financial or investment advice. Market movements are subject to various factors, and past patterns do not guarantee future performance. Please consult with a certified financial advisor before making any investment decisions. ________________________________________ With these insights, traders and investors can monitor Nifty 50's price action closely to determine whether the expected retracement unfolds as anticipated.
NSE:NIFTY
by imkhushal
Nifty50 : My perspective !- Here is my perspective on what nifty should would and could do in the next one month. - All my perspectives are laid down on the chart itself. - 22,500 is a good support but unfortunately the 100 WEMA is below it so we may see some penetration below 22,500. - Whatever happens, it is important to keep your plan ready. - Follow this idea because we will keep updating it. Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
NSE:NIFTY
by TheChartereds
A BEAR TRAP coming up!!??As we can see NIFTY has formed more like an inverted flag-pole structure which signified bearish continuation but since it is trading around strong demand zone, it can potentially give false breakdown resulting in a TRAP and this trap could potentially change the overall structure of the market and can close inside the pattern hence we should wait for closing below the pattern to confirm the breakdown else the bear trap could trap us so plan your trades accordingly.
NSE:NIFTY
by Wealthcam
Reverse Hammer in Nifty (confirmation pending) sign of reversal.A reverse hammer pattern is formed in Nifty in the weekly charts. Usually This kind of formation signals trend reversal. For reversal to be successful we need a closing next week above 23044. If this happens investors and traders can breathe a sigh of relief from the on going market correction. If the reversal is not successful we might see Nifty fall further to 22427 or in the worst case scenario the next supports will be at 22132, 21718 or even 21302 as of now. On the positive side if the reversal is successful we may see Nifty rising to 23383, 23819, 24205 or close to 25K if we get a weekly or monthly close above 23044 level. Another point which goes in favour of Nifty is that weekly RSI currently is at 39.39. Last time the weekly RSI was this low was in March 23 when it was 38.80. After this point we saw a rally in Nifty which lasted almost 18/19 months. So a further small dip post which we can see a come back in Nifty as per the Relative Strength Index. Next week and the week after than will be critical for reversal of Nifty. Shadow of the candle neutral to positive this week. We might be near a temporary bottom (confirmation pending). Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
THE FEAR IS REAL. MAKE USE OF IT FOR THE LONG TERM!Disclaimer: The following article is not investment advice. It is solely prepared for educational purposes, specifically regarding the Indian markets and aimed at people interested in long-term investments. The numbers mentioned reflect the data available at the time of writing. Hello people, We are witnessing significant movements in the Indian markets, with news of small-cap stocks entering a ‘bear market’, mid-caps falling nearly 16%, and the major index, NIFTY 50, down about 11% since September. This has led to a decline in SIPs (by 109%) and raised questions about the resilience of common Indian equity investors. SMID stocks have performed the worst since the Covid crash, and various narratives are circulating, such as ‘BUY THE DIPS’ and others equally discouraging equity investment altogether. Regardless of these narratives, it is evident that during substantial declines or bear markets, even fundamentally strong stocks—those suitable for long-term investments—can be purchased at discounted prices. These are the stocks widely considered the right choice and can be made use of for this phase of the market according to proficient professionals. The question remains: which are they? This article highlights a few of these stocks based on my analysis. I share them to raise awareness, especially for those looking for such opportunities, but I am NOT advising you to buy them. What makes this content relevant is that it comes from someone who has been monitoring the market out of initiative, from a genuine interest over the past 3-4 years. So let's begin. My top pick stock ticking all the boxes is Mahanagar Gas . It has impressive financials and is a fundamentally strong mid-cap company. It's both a value stock and a good growth stock (two common investing styles are value investing and growth-based investing). The stock's P/E ratio is 12.6, indicating it might be undervalued. The current price is ₹1,343, and the intrinsic value (according to Screener) is ₹1,479. As a mid-cap stock, it holds significant growth potential with a medium risk level—lower than that of small caps. It’s currently priced at a 31% discount. Next I see Indus towers . Again good fundamentally, making it a good pick for long-term investors. As a large-cap stock, its growth potential is less than mid or small caps, but it’s still solid and carries lower risk of all. Its P/E ratio is 9.18, indicating potential undervaluation. However, one downside is that although its debt-to-equity ratio is 0.75 (which is good), its enterprise value exceeds the market cap, possibly suggesting high debt or overvaluation (which I doubt). Additionally, promoter holdings have decreased by 3% in the last quarter. Among the other options are Godawari Power and Andhra Petrochemicals . Godawari Power is a solid mid-cap stock, with one exception: its 10-year sales growth or compounded revenue growth does not exceed 10% over the last 10 years, a key criterion for long-term investments. However, its 7-year sales growth surpasses 10%, which is positive. With a P/E ratio of 14.5 and a 31% discount from its previous high, it seems undervalued and carries medium risk, with the potential for high growth. Last option is Andhra petrochemicals which unlike the others on this list, is a small-cap stock, making it suitable for those with a high-risk appetite. It has strong fundamentals and meets all the criteria required for long-term investment. The current price of ₹58.7 is below its book value of ₹64.8, and the intrinsic value is ₹154, indicating an attractive investment. It’s also interesting to note that when the price-to-book ratio is below 1 (P/BV < 1), it’s often considered an amazing deal .But again, this is a small-cap stock, so proceed with caution. Criteria Used All the stocks listed here have passed my evaluation based on four key areas required for a growing business: profitability, liquidity, leverage, and operational efficiency. Other factors considered include undervaluation, debt-to-equity ratio, and so on. Going forward, I am aware that there is a possibility of the markets falling further, which cannot be ignored. The narrative around March 20th and its significance in the market cycle is still present, and I would encourage caution. For those hesitant to invest now, I suggest keeping an eye on the charts. Wait for a solid bullish signal to appear, and confirm it with USOIL and USDINR charts. These are crucial for concluding about the trend of our markets. Additionally, perform a reality check on your investments: assess where your money is allocated, determine reasonable conservative targets, and evaluate the time frame for returns, apart from the projections made by portfolio managers and fund managers and their years of experiences too. Stats such as NIFTY MIDCAP 100 index giving negative returns from 2008 to 2014, is evident by directly observing the charts itself. I hope this information was valuable to you. Don't lose faith in the markets. Happy investing! “Be fearful when others are greedy and be greedy only when others are fearful.” – Warren Buffet
NSE:NIFTYEducation
by ThePassionate_investor
NIFTY : Trading levels and Plan for 24-Feb-2025NIFTY 50 Intraday Trading Plan – 24-Feb-2025 This analysis provides a comprehensive trading plan for the NIFTY 50 index on February 24, 2025, covering all possible opening scenarios. We will evaluate Gap-Up, Flat, and Gap-Down openings (with gaps of 100+ points) and outline structured action points, key levels, and risk management strategies. This plan is designed to help traders navigate the market with clarity and discipline. 📈🔍 🔹 Scenario 1: Gap-Up Opening (100+ points) If NIFTY 50 opens above 22,987 (a gap of 100+ points from the previous close of 22,887), it indicates strong bullish momentum. This opening suggests buyers are aggressively entering the market, potentially driving prices higher. If the price sustains above 22,987, it could target the resistance zone of 23,138–23,300. This zone is a profit-booking area where selling pressure might emerge due to historical resistance. If the price faces rejection at 23,138–23,300, a reversal trade could be considered, targeting a pullback to 22,764–22,887 (the previous close and support zone). Should the price break above 23,300 with strong momentum (e.g., high volume and bullish candlestick patterns), we might see a rally toward 23,400 or higher. ✅ Trade Plan: ✔️ Buy on a breakout and retest of 22,987 , targeting 23,138–23,300. Use a stop-loss below 22,887 to manage risk. ✔️ Short if the price rejects 23,138–23,300, aiming for 22,764–22,887. Place a stop-loss above 23,300 to limit potential losses. Explanation: A Gap-Up opening reflects optimism, but chasing the gap immediately can be risky. Waiting for a retest of 22,987 ensures confirmation of bullish intent, while the resistance at 23,138–23,300 acts as a natural profit-taking zone. A breakdown from this resistance could signal a false breakout, offering a shorting opportunity. 🔹 Scenario 2: Flat Opening (Near 22,764–22,887) If NIFTY 50 opens within the range of 22,764–22,887, it suggests a balanced market with no clear directional bias. This zone acts as a critical opening support/resistance area where price action could consolidate or break out. A breakout above 22,887 could drive prices toward 23,138–23,300, signaling bullish momentum. A breakdown below 22,764 might lead to selling pressure, targeting 22,510 (last intraday support) or even 22,235–22,156 (buyer’s support zone). ✅ Trade Plan: ✔️ Buy above 22,887 , targeting 23,138–23,300. Use a stop-loss below 22,764 to protect against a false breakout. ✔️ Sell below 22,764 , targeting 22,510 or 22,235–22,156. Set a stop-loss above 22,887 to manage downside risk. Explanation: A Flat opening often leads to consolidation, making it tricky to trade without confirmation. The 22,764–22,887 range is a no-trade zone unless a decisive breakout occurs. Traders should wait for clear price action (e.g., strong candlestick patterns or increased volume) before entering positions to avoid fake moves. 🔹 Scenario 3: Gap-Down Opening (100+ points) If NIFTY 50 opens below 22,664 (a gap of 100+ points from the previous close of 22,887), it signals bearish sentiment and potential weakness in the market. Immediate support lies at 22,510–22,400 (last intraday support). If this holds, a pullback toward 22,764–22,887 could occur. If 22,510 breaks with strong selling pressure, expect further downside toward 22,235–22,156 (buyer’s support zone). ✅ Trade Plan: ✔️ Buy near 22,510 , targeting a pullback to 22,764–22,887. Use a stop-loss below 22,400 to limit risk. ✔️ Short below 22,510 , targeting 22,235–22,156. Place a stop-loss above 22,510 to protect against a quick recovery. Explanation: A Gap-Down opening indicates panic or profit-taking, but prices can recover if support levels hold. Waiting for confirmation near 22,510 ensures the price isn’t just oversold, while a break below this level confirms bearish momentum for shorting opportunities. 📌 Risk Management Tips for Options Trading 💡 🛑 Always Use a Strict Stop-Loss: Protect your capital by setting stop-loss orders at key support/resistance levels to limit potential losses. 🎯 Take Partial Profits: Lock in gains at intermediate targets (e.g., 23,138 or 22,510) to secure profits while allowing room for further moves. 🕰️ Avoid Overtrading: Stick to the plan and wait for clear price action confirmation—don’t force trades in uncertain conditions. 💰 Use Proper Position Sizing: Risk only a small percentage of your capital (e.g., 1–2%) per trade to ensure longevity in the market. 📌 Summary & Conclusion 🎯 ✔️ Bullish Above: 22,887 → Target: 23,138–23,300. ✔️ Bearish Below: 22,764 → Target: 22,510 or 22,235–22,156. ✔️ No Trade Zone: 22,764–22,887 (Wait for a breakout). Trade with discipline, follow your plan, and prioritize risk management to navigate the NIFTY 50 market effectively on February 24, 2025. 🚀
NSE:NIFTYShort
by LiveTradingBox