Jindal Steel & power had nice cup formation since last 15 years. If now it sustains above 750-760. It has huge runup to go. This can be a good wealth creator in future.
Ashok leyland has 5 years breakout. That too is cup & handle pattern. Targets are normally double from here. That too had bullish wedge breakout too. I am long since 165 though. There is double strength in the stock. I have also demonstrated example1 on the left side. past cup & handle pattern brekout and target. Used fibo extention for above 300 targets. Keep...
Hey everyone, there's a lot of buzz lately about Solana (SOL) being primed for a major price increase. While I can't offer financial advice, let's explore some of the reasons for the excitement: Growing Ecosystem: Solana boasts a thriving community of developers building exciting new projects on its blockchain. This could lead to wider adoption and increased...
Alright, let's see what happens.Strong possibility SOL reaches my target again, but caution is key.
According to the Elliott Wave Theory, the Elliott Wave Structure describes the pattern and arrangement of price movements in financial markets. Based on extensive analysis, it appears that the stock has completed wave 5 on the daily chart. A corrective wave (a-b-c) has begun in black circle. Currently, it appears that the first wave (a) of correction is over and...
Natural Gas has just finished its major bear correction ( ABC) after a major bull cycle (12345) as depicted on the chart. Most of the Fibonacci projection & retracement are holding true as per the rules (will publish it separately as a learning material). Also, after the ABC correction, there is sharp rise in the price. How do we plan an entry now? The price...
BUY BTCUSD 68800, SL 68100, TGT- 72000/73600 Hello traders, finally i got clear target in up side all liquidity already swept at 68200, and in 4H chart also clear show price geting 4 times support at 68400 so, price will break 72000 why break? because this is 5 times attempt, i observed many times price always break its S/R on 5th attempt and target will be 73600
The Elliott Wave analysis indicates that the stock has finished waves (i) and is nearing the end of waves (ii), which are shown by blue numbers on the daily chart. Wave (i), also known as the impulse wave, unfolded into five waves. Wave (ii), also known as the corrective wave, unfolded in an a-b-c pattern, as indicated in red. It is a buying opportunity on the...
Yesterday 10% fall seen as one of promotor has reduced 5% their holding that's why following many traders has sold this and it was at lower price. But i think in different way as someone has sold 5%, even someone has bought as well 5% and might be more because it was available with discount price then previous day. Basically stock up down is part of stock...
The current variation indicates that if the market breaks the 38% Fibonacci level, we can expect the correction to continue, potentially reaching the next Fibonacci level of 50%. If it finds support there, the 4th sub-wave may complete and start the 5th pullback wave. Alternatively, if the market finds support around the immediate support or if the initial market...
Good morning, friends! 🌺🍬 Here are the directions for May 29th: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also maintains a moderately bullish trend. Today, the market may open with a gap-down, as indicated by GiftNifty, which shows a decrease of 90 points. Today, both Nifty and Bank Nifty have similar...
India Cem CMP 213 This stock hasn't made new highs after 2007. The coiling in RSI is telling me this stock is preparing for a major breakout. One can buy it here or on breakout the choice is yours,
IGL CMP 473 the Oil and Gas sector has done exceptionally well but this stock has been a laggard. Technically this stock is now ready to breakout and make new highs. In my view it is a very good buy.
Background: Crude Oil made a high of 9996 during the Ukarine war which also marked the end of wave 3. This followed 4th wave with a flat correction (Marked as ABC) which finished at around 5290. Current Scenario : We are in minor wave 3 of sub wave 3 of major wave 5 (shown on chart) Trading Strategy : Buy on Dips. The entry, stop loss & target are mentioned...
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Good rising pattern formation with Ray Angle analysis in Deepak nitrite. It will activate ones it cross 2340 mark. Then you can look for above targets. Head & shoulders formation is also on the way.
Solana showing steady move and weekly breakout as per the fibo retracements. First resistance of the fibo bottom has bin decisively broken. It's ready to take the next levels.