“Control your emotions or be consumed by them.” This is exactly how the financial markets play. You need to be cautious enough to surf the wave of emotions. An illustration as to how quickly our emotions change with respect to the market movement has been explained with the help of NIFTY’s weekly chart. Optimism: It is the hopefulness and confidence about the...
EDUCATIONAL NSE:BPCL is following smooth and pure action. It has been taking supports over T1,facing resistance against T2 and crafting a flat top triangular pattern while getting squeezed. NSE:BPCL had also made a falling wedge pattern inside the triangle and too respected it. I had entered in it at 419.2 with stop loss below 400 and patiently waiting for my...
seems a leading diagonal shall be formed here after the diagonal is formed , it shall retrace a bit ( marked two retracement levels i.e. 61.8 & 78 ) then the upside move towards 1200 .. so this is a watchout counter for next week that is last week of April 2021 Happy investing
it is moving above the moving exponential average and Monday earning it should test the level of 825. buy at current level 788 rs
can make ending diagonal in 5th wave
Nifty Pharma is looking for ATH breakout soon. I'm novice in charting, so please look for experienced guidelines.
Yesterdays Shooting Star and todays Doji currently ongoing. Do it suggest a correction at top. AB = AC Pattern completes at 660.00 levels which is almost todays high. Wave 5 is completing at same level of 666.00. Stock is again back from above. Is correction expected.
METROPOLIS COMPLETED 5 IMPULSIVE WAVE ON MINOR DEGREE FOLLOWING WHICH IT IS CORRECTING RIGHT NOW.POINT IS WHERE IT WILL END AS STOCK IS IN CLEAR UPTREND AND GETTING LONG IS IDEAL TRADE ON THIS STOCK TO TAKE AS WAVE 3 OF INTERMEDIATE WILL BE STIPPER AND RAPID. PRICE ZONE OF 2227-2211 CAN ACT AS GOOD SUPPORT REASON'S ARE AS FOLLOWS 1)PREVIOUS MULTIPLE HIGH'S...
Scenario-1 wxy done,currently we can expect either another wave x in the form of ABC or this could be start of an new impulse. As of now stock has retraced 61.8% level of 1493, after giving up move till 1557.Now where this retracement will end cannot be predicted,but generally if 61.8% retracement level is considered to be a good support,hence i am projecting...
DOWN SIDE IS STILL PENDING IN AMAR RAJA BATTRI.....
Amazon has form abc breaish pattern where b wave is triangle. It can come down up to 2580/2600 where c wave will equal to a wave
Here I share that not only impulse can have multiple inner wave, corrective too does (there is possibility that multiple double/triple-three combination correction). One who knows elliott wave can understand this.
Wedge Pattern - for Right Shoulder (Complex Correction)
Last - 30350 For Educational Purpose - Jumping on parabolic move such as yesterday where BTCUSD touched highs of 34800 can be extremely risky when the moves end. Not A Trading Call