Attached: INDHOTEL Daily Live Market Chart as of 26th April 2023 An Ending Diagonal in Wave 4 marked as ABCDE and then Price has been moving Up since then, close to its All Time High Look at Peer Hotel Stocks, they are also making New 52 Week Highs and Breaking Out so Indian Hotels too should follow the Hotel Sector in its journey up Upside Target: north of...
Hello Traders! 1. This analysis is based on the previously published longer-term analysis. 2. The count has been stated along with certain warnings and guidelines. Do use proper risk management. Happy Trading. Profits, Market's Mechanic.
Apollo tyres, is looking currently in good momentum upside, it has broken resistance trendline along with good intensity of volumes along with challenging upper Bollinger band, also trend indicator macd is supporting same trend right now. As per Elliott wave projection it shows possibly we are in wave 3rd of wave 5th on daily time frame, which is a cautious sign...
Above is the view of #ASIANPAINT which can go downward from 3100-3120 range, of smaller blue Fibo 0.786 as one can see in above chart, Also which can be the area to short the price & start of the 3rd mini wave of minute wave 5 . Please take in consideration, If the high i.e. 3163 is broke then the counting is Invalid. Note - View's provided are for Educational...
Hfcl going long in Wave 5 of Int wave. for short term buy there are two targets. if it brokes low of 63 it is invalid. Note - View's provided are for Educational purposes only, please do your own Research.
It seems the stock might have completed its Wave 4 correction and now might be ready for Wave 5. Invalidation level is around 3310 and TGTS 4500+
DLF (Daily) - Bullish Flag 4th wave seems to be ending, making way for the 5th wave Stochastic 14,3,3 is in positive crossover +DI has just gone above the -DI in the Directional Movement Index (DMI) indicating the start of an uptrend However before going long / buying, wait for the following to become a reality: (1) Breakout of the resistance line (drawn in...
Indian Energy Exchange (IEX) - Daily Flag breakout - 4th wave flag/triangle seems to have ended and it is the start of the 4th wave MACD in the daily wave and weekly tide is uptick RSI is well above 60 in the overbought zone Stochastic 14,3,3 is in positive crossover +DI is above -DI and the ADX is above 15 in the Directional Movement Index (DMI) Seems to be...
Canara Bank (Daily) - Flag Breakout Seems to have entered the 5th wave after the end of 4th wave flag / triangle RSI is above 60 Stochastic 14,3,3 is in positive crossover +DI is above the -DI in the Directional Movement Index (DMI) It will be ideal to wait for the ADX to become uptick as well before going in in this though its value is above 15 On the...
Mindtree (Hourly)- Double Bottom Chart Pattern Current market price - 4653 Target - 4893 Bollinger band is challenged on the upper end RSI is above 60 Stochastic 14,3,3 is in positive crossover ADX is above 15 and +DI is above -DI in Directional Movement Index On the daily tide, all indicators / oscillators are positive too MACD of the daily tide is uptick...
Bajaj Finance (Hourly) - Inverted Head & Shoulders Current market price - 7360 Target - 7813.20 (depth of the head) Price has done breakout of the inverted head & shoulders chart pattern neckline Bollinger band is challenged on the upper end RSI is above 60 ADX is above 15 and -DI is above +DI in the Directional Movement Index (DMI) All indicators /...
HDFC Bank (Hourly) Chart Pattern - Inverted Head & Shoulders Target - 1610 (Depth of the head) Seems to have retested the neckline after the breakout Has entered the 3rd wave in hourly and 5th wave in daily RSI is above 60 and the stochastic 14,3,3 is in positive crossover Bollinger band is challenged on the upper end +DI is above the -DI in Directional...
GMR Infra - Daily Seems to have broken out for the 5th wave Suggested buying is not immediate but after it retraces for 2nd of 5th and then gives bullish reversal for 3rd of 5th You may be able to buy it cheaper then Watch the hourly ripple for a suitable buy signal Price action looks good in the weekly timeframe too
Zee Entertainment - Daily 4th wave has broken into 5th wave Currently it seems to be in the 3rd of 5th as per the Elliott wave count Bollinger band is challenged on the upside RSI is above 60 and ADX is above 15 According to the post triangle thrust (PTT), the target is around 408 Price action looks good on the weekly and monthly timeframes too
Indiabulls Housing Finance (Daily) - Trendline Breakout It seems to have entered the 5th wave after a long 4th wave And currently it seems to be in the 3rd internal wave of the 5th main wave as per the Elliott wave count This is the fifth attempt in which it has done a breakout of the long slanting trendline as shown in the image attached RSI is above 60,...
When ever if we see a 5th wave extending . We need to look at the following 1. Slope of wave 1 > wave 2 > wave 3 . 1.So trend channel will look like a megaphone pattern . 2. Wave 4 has to be deep becoz wave 4 will behave like wave 2 . 3. wave 5 may be 1:1 frm wave 1 to 3 extended from the end of wave 3 . (More on this later with a good example) But most...
moving to complete 5th wave Stop loss will be pink line 3rd wave has retraced from 50% you can also see bullish candlestick pattern at support double so we expect a good rally in Bajaj finance >>>>>>>>>>>>>> thanks.... >>>>>>>>>>>>>>