Nifty Daily

✅ 1. Basic Setup ✅ 2. Current Market Context ✅ 3. Wave Count Summary ⚙️ Impulse Structure (Before Correction) 🌀 Complex Corrective Wave ✅ 4. Fibonacci Zones Wave Level Remarks Wave 2 retrace ~50% (23,846) & 61.8% (23,472) Relevant for backtest scenarios Wave 4 retrace ~23.6%–38.2% Observed overlapping region Current Support 23.6% Fib = 24,681.05 […]

✅ Fibonacci Levels (Recent Leg) From the chart: 🧩 Interpretation 🔹 Wave Count Possibility: This appears to be part of a corrective Wave 4 or microstructure correction within Wave 5 on 15-min scale: 🔹 Current Price Action: 🟢 Trade Bias and Setup (Intraday) Direction Entry Stop Loss Target 1 Target 2 R:R Long 24,702–24,710 24,675

🗓 Date of Analysis: 4 August 2025Symbol: NSE:ECLERXChart Timeframe: ✅ Daily (Positional)Current Price: ₹4087.30Volume: 447.07K% Change Today: +7.58% 🔹 2. Current Market Context 🔹 3. Wave Count Summary (Tentative) ⚙️ Impulse Wave – Likely Count In Progress Wave Start Level End Level Structure Status Wave 1 ~₹2000 ~₹3300 Normal Impulse ✅ Confirmed Wave 2 ~₹3300

📅 Date of Analysis: August 4, 2025📈 Timeframe: Daily (Positional)🎯 Symbol: HINDUNILVR (NSE) 🔹 1. Current Market Context Trend Bias:☑ Bullish (short-term spike visible)☐ Bearish☐ Sideways Current Pattern Status:☐ Impulse Wave in Progress☐ Correction in Progress☑ Possible Wave 1–2–3 starting OR ABC complete and new impulse starting Higher Timeframe Context: 🔹 2. Wave Count Summary

1. Basic Setup 🔹 2. Current Market Context 🔹 3. Wave Count Summary (on 5-min) Likely in Wave B or Wave 2 upward retracement of a larger corrective structure. 🔹 4. Fibonacci Zones Retracement/Target Level Remarks 23.60% Retracement 24,712.75 ✅ First minor bounce area 38.20% Retracement 24,781.65 ✅ Currently tested 50.00% Retracement 24,837.35 ⏳ Next

🔹 1. Basic Setup 🔹 2. Current Market Context 🔹 3. Wave Count Summary (tentative based on price structure) ⚙️ Impulse Wave (Prior completed 5-wave cycle possibly from April to July) 🌀 Corrective Wave (Current in progress or ending) 🔹 4. Fibonacci Zones Level Fib Ratio Target / Zone Confluence Wave 2 retrace 50%–61.8% 23,000