Bata India (Daily) Chart Pattern - Head & Shoulders Wave Count - 4th (seems to be in the C wave of ABC / ABCDE) Indicators/Oscillators: MACD of the weekly is downtick MACD of daily is downtick and NCO too with solid red bars of the histogram BB about to get challenged on the lower side (BBCD) RSI is below 40 in oversold zone Stochastic 14,3,3 is NCO and...
Larsen & Toubro Infotech (LTI) - Daily Chart Pattern - Head & Shoulders Current Market Price* - 6613 (*at the closing on the date of posting this chart pattern idea) Target 1 - 6268 Target 2 - 5666 Price has entered the 4th wave in the daily timeframe as per the Elliott wave count -DI is above the +DI and the ADX is above 15 in the Directional Movement Index...
get ready foe a dip in NESTLE IND it will reverse from between 12000-14000 buy @ dip nxt target will be more than 8000 points
Debut Idea for Dollar Index Shown in oval shape was 1st leg of the triangle which topped out at 103.82 Published on 24th April 2016. Proposed triangle for wave-4 ( currently we are in final leg- expect rise holding above 89.20) & later "collapse" in wave-5 ( proposed ending diagonal) 24th April 2016 (Click the Idea)
Stock currently in upward channel and may break. Since Wave 4 in parallel channel usually end between wave 1 and 2. Long on dip towards 250-30 Stop loss is wide 190 Target of Wave 5 350 Further long term targets based on trend lines 430 and 615 Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not...
Reliance seems to be in a 4th Wave Elliotwave triangle. An agressive trader could go long now with a SL below the wave e ( red line) . A conservative trader could wait for the blue line above to be broken ( wave d high) and then enter. Thrusts out of triangles are swift and sharp
Nifty to probably hit 10240 and fill gap Just a study based on Elliot wave and Fib levels. Not recommended to take any position on this analysis