harshit22

harshit22 Updated 

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...

harshit22 Updated 

An impulse is currently developing with distinct waves labeled as 1, 2 and 3. Should the nifty index decline in a clear ABC pattern towards the highlighted grey zone on the chart, and if we observe bullish candlestick formations such as the morning star or bullish engulfing, it may be a suitable opportunity to enter a long trade and hold it until the price reaches...

harshit22

For the past four and a half years, the stock has been consolidating. The stock is clearly in the 5th wave. We now need to ascertain our current position within the fifth wave. It made several unsuccessful attempts to surpass the psychological threshold of 1700. The most recent attempt (wave AB) was unsuccessful once more. The way it plummeted to point C after...

harshit22 Updated 

Ending Diagonal LTTS - Might give 9-10% Bounce from current Levels

harshit22

The stock has just finshed minor 4th wave of the major 5th wave. We may see an explsoive move on upside in the form of impulse. The risk reward is very good (~ 1:3.5) The wave counting, entry, stop loss are indicated on the chart Disclaimer : The above analysis is only for educational purpose. Please consult your financial advisor before making any investment...

harshit22

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...

harshit22

Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor before taking any investment decision Smaller ABC correction after an Impulse has ended near 61.8%. It can play out the below two scenarios 1. Major Wave 2 of New Impulse has ended - In this scenario it could be a good investment level with an upside target of at...

harshit22

Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor before taking any investment decision An ABC correction seems to have ended in UPL after a failed 5th wave. Currently it appears to have finished minor wave 2 of wave 3. It has broken a declining trendline with volume near the end point of wave 2 with high volume and...

harshit22

It's not easy to identify wave 2 when it is still forming. However, attempting to find its low gives an excellent opportunity w.r.t to Risk Reward. How do we plan our strategy? We can test the waters by getting in with initial 5%-10% of the total amount that we plan for this trade. We can gradually increase our position once we get a confirmation through...