Trend continuation happened after undergoing a triangle correction wave. I'm just a beginner trying to learn Elliot waves.
HOW TO FOLLOW ALGO SIGNAL: Deciding buy/sell 1.Strictly use only on 1 hour time frame. 2.Wait for a ‘X’ sign before mind make up. A red ‘X’ means look for selling opportunity , a green ‘X’ means look for buying opportunity. Taking a position: 3.Wait for an arrow before entering into any position. A red arrow on upside of a bar pointing downward means open...
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It has made a Bearish Harmonic AB=CD today along with a negative bearish divergence. The mid point of the parallel channel coincides with the Ichimoku Kijun support near 12500. Failure to hold the level on hourly basis could trigger a short term decline till 12250-12000 which coincides with the expected fibonacci retracement of the bearish pattern, Ichimoku Kumo...
Beautiful move by the metals
TITAN is trading higher end of the upward channel on daily time frame, support is placed at 1250-1270 level, however strong resistance placed at 1340 and all time high also placed 1388, which is now trading 10% below all time high. As gold prices are falling, we can see a increase in jewellery sales,
GTPL Bullish above 118 Because range is being formed of 110.80 to 117.85 Sl 110 can be safe play for targets above all pink line resistances 125, 133, 140
SBICARD started making lower high's on daily scale, closing below 800 level will bring more weakness to this stock, next support placed at 720 level as per weekly chart. RSI was tried to reclaim 60 on weekly scale however it faced resistance at 60 and started sloping down. during result week it fell from 900 to 760, last week gains of 8% were evaporated by this...
This stock is making lower highs with same low level on daily chart by forming a Descending triangle, breaking 2000 level will open the downside upto 1800 level. as this Sep-2020 quarter results were weak. it could likely break downside.
Closing below 690-700 on daily basis will pull the stock to 200DMA, which is placed 625. 625-650 act as a potential buy zone.
support level is placed at 250 on hourly chart, buying seen from 255 levels, if it closes above 275 on 15min candle, we can go for buy for an upside upto 300 level.
head and shoulder
Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An uptrend line drawn through the bottoms. The higher lows indicate more buyers are...
ADANI PORTS - IN RANGE PAST 3 DAYS TRADE OUTSIDE THE RANGE WITH PROPER BREAKOUT WILL VOLUME AND PULLBACK
TATA CHEMICALS - AT STRONG SUPPORT IF HOLDS 310 DEN AGAIN 325/40 POSSIBLE
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