5th wave trade of CEATYou can observe the 9 and 200 ema cross over and price pattern has well developed into incline channel. You can also see the 5th wave transition, that is likely end within a channel only. The safest entry will be above 1210, target should be 1430-1440. Keep the stop loss at 200ema.
5thwave
Reliance-Risky or Rewarding (Ongoing 5th Wave ) (Wave Analysis)Last Fall /Wave Downside- 2022 to 1855 was done in fast & furious mode as suggested in the last idea mentioned below
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Last Idea- Last Leg Running upside in Triangle close to 2000- Get Ready for Fall!!!
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Trading Strategy
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• Channel can provide resistance below 2022
• Careful in 2000-2022 zone
• Sell strictly below 2022 for 1900 / 1850 & lower targets
• Buy strictly above 2022 (once crosses upside & holds above the level)
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Thanks & Have a wonderful week ahead.
HDFCBANK Leading Diagonal 5th Wave EndHDFCBANK retraced more than 61.8% from top. Leading Diagonal wave is 5 wave pattern which is formed in wave 1 of impulse or wave A of Zigzag.
HDFCBANK to start fall post close below 1093 on hourly chart. SL can be 1120-30.
Potential wave targets are in coming days
Wave A 1046/1020
Wave B 1075/1065
Wave C 1002/960
IN10 to 105.683You can use this to trade Interest rates futures or long bonds.
This is the 5th wave for Indian 10 year bond value. You can trade 645GS2029 IRF.
In it's support you can see the chart of IN10Y Monthly chart, which makes an inverted Cup&Handle. You can also see this same chart in monthly tf which maks a cup&handle but slanted.
EURUSD ANALYSIS!!EURUSD SHORT NOT COMPLETED YET?
EURO has been in a strong downtrend since FEB,18.
Apparently it might be in making of 5 wave structure.
If that's the case then 4 waves are completed and now heading down again for 5th wave.
5th wave of the daily structure is in also making of 5 wave but in that case 4th wave might completed now and now on it is going to complete 5th wave.
And might respect to the 61.8% monthly FIB level then shoot up again.
DIVERGENCE also appriceating the Short.
TRADE SAFE
GOOD LUCK
EW Analysis of RBL BankEW analysis in daily, shows that wave (iv) seems to be over, and wave (v) started.
Also price was in descending channel, then it broke out with good volume, that marked the completion of complex wave (iv) correction.
here 1st tgt - 595, i.e wave (iii) peak,
if wave (v) is getting extended, then we can see higher levels - 640(.5), 680(.618).
NIFTY SHORT TERM ELLIOTT WAVE ANALYSIS 03 MAR 2017Hi,
As i mentioned yesterday Nifty didn't touch 9018 level, Nifty fell into the range bound for another couple of days.
As per Elliott wave count Nifty finish its 5 of 3rd wave and 4th wave would be Range bound. Target for this corrective wave is 8700 - 8692. Its very tight range we can enter BUY on those level to capture the final leg of this entire B wave i.e. B of c of 5 of 5th wave.