USOIL has broken the higher time frame trendline, so we can expect a simple bullish move in USOIL and Crude Oil, as it is facing some resistance in smaller time frame resistance (shown above), it can break that level too. It's just a personal view, not a call.
Wave C might be unfolding here. Its tricky so have to wait and wathc
IT LOOKS LIKE BANK OF BARODA HAS COMPLETED ITS FIVE WAVE FROM BOTTOM SO IT CAN BE TERMED AS WAVE (1) OR (A) AND CORRECTION IS OVER IT IS EITHER WAVE 2 OR WAVE B EITHER WAY WHETHER IT IS WAVE A OR WAVE 1 IT IS GOING UP SIDE TARGET UP TO 51
Explained in the chart.
There is a continuous rise in the price of the share and now the Rising wedge is formed and is mos likely to fall. THIS IS NOT A TRADING IDEA, this is only for education
Double top in the making, The breakout was given on 440 and the stock has already moved up 10% This may be the right level to short even though indicators are saying long. This is only for educational purpose. The SL is just above the resistance.
It seems Bank nifty is in Uptrend I have done a study on harmonic patterns. As of now it is at the mid of CD leg so following things may happen... 1) If it sustain above 29412 then it may give a TGT 29550 , TGT 29825 , TGT 30170 , Final TGT 30625 2) Now if it start reversal from this level i.e. 29790 and breaks 28550 then we will get a TGT 27990 3) If It start...
Elliott Wave Cycle is formed up of a total of 8 waves (5+3 waves). Waves 1 to 5 are counted in the Impulsive phase. Waves A to C are counted in the Corrective Phase. 3 Golden Rules of Elliott Wave: 1. Wave 2 cannot overlap wave 1. 2. Wave 4 cannot touch the territory of wave 1. 3. Wave 3 can never be the shortest.
Picture says it all, comment if you have doubts.
Looking for a correction from previous lows of 255.
Truncation learning - shortening something That why Elliot used the word failure shorter 5-wave compare to 3rd Wave, forever it does not move beyond or higher the end of the third. We prefer the less connotative term truncation or truncation fifth wave as illustrated in the chart. Reason of Truncating in 5th Wave: In the bull market, weakness in price &...
Ek bade se W ke niche 10 crore.🤣🤣 Hope you remember the movie.
This post is for people who do not believe that technical analysis works. We gave this call in our ................... On 12th November 2020. Till 19th November, it was showing small movement of 1 to 2 %. But we waited. Then finally a 17% move in a single day! In technical analysis, we can find good opportunities but we don't know when the stock will start...
The stock can move to 150-200. It is back at its 2004 levels which on the chart is a demand zone. Not more than 1-2% of total portfolio should be risked here because it's a make or a break trade. SL around 60.