In the Five-Wave pattern, 3 of the waves are in the Directional Movement they are 1,3 and 5. The remaining 2 waves are Countertrend interruption they are 2 and 4. Waves 2 and 4 are necessary for the directional movement to happen. 3 Rules of Wave Pattern >Wave 2 can never overlap wave 1 >Wave 3 can never be the shortest >Wave 4 never enters the wave 1 Waves...
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 u ptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering...
Weekly charts are least noisy. They help in getting clear long term image of the stock. Please tell me in the comments, What do you think of this stock? Want to make money along with me? - Click on the follow button.
Maintain the demand zone as SL. Expecting the stock to go up.
BUY AT 2175 SL 2133 TARGET 2225------2245+++
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
SEEMS LIKE BREAKOUT HOLD IT'S SUPPORT.... PROBABLE UPWARD... DISCLAIMER: ALL MY POST ARE FOR EDUCATIONAL POURPOSE NON DIRECTIONAL AND NON ADVISORY
WIPRO - ONE WAY FOR SURE WHEN BREAKS ENTER AT PULL BACK ONLY
Crab Pattern. The chart shared is only for information purpose and not a trading recommendation
#NIFTY SPOT 15.10.2020 BEARISH ENGLUFING PATTERN FORMATION
A complete “U” turn from the benchmark Nifty50 as it fell close to 2.5% in today’s session. No respect for the immediate support of (11,780-11,800) as the index cuts through and retraces gains of past six trading sessions. Thanks to this sharp sell-off one aspect is now confirmed - our rising channel has yet again proven itself as a strong source of resistance....
trader who want to go long must watch that video...it really help
I have described the complete market cycle of elliott on the weekly chart of nifty as well as two model structural development which are Motive and corrective. Now that I've reviewed all types of waves, I can summarize their labels as showed in the nifty chart. If you have any query regarding to my chart or mistake in it, let me know throughout the comment. thank you.
AS PER MY ANALYSIS I THINK GAIL HAS COMPLETED ITS ABC CORRECTIVE WAVE AND NOW IT WILL GO UP
MGL GOOD TILL IT HOLDS 800 LEVELS