Escorts seems to be turning from the support as well as it has completed its ABC correction which completed exactly at 1.618 of Wave A.
So, idea is buy above 1200 from where it has been rejected recently with stoploss of 1100
Can achieve fresh ATH
Hexaware is set to decline again to complete the Zigzag correction on the longer timeframe. Wave A and Wave B have already unfolded and targets for Wave C should be equal to Wave A which comes just below 200. 61.8% Fib comes around 220 levels. One can take short positions with stoploss above 380 for the targets of 220 and 190. Its a long term trade so it will take...
The EUR/USD pair has formed a wolfe wave. Now it has crossed the 5th wave. It has been also In the Elliot full wave correction So we expect a bullish movement up to the value @1.18500 which is also a good resistance zone.
Buy the pair once it crosses the trend line
The daily chart of the dollar index has formed a Full Elliot Wave.
It is due for a correctio n in the form of ABC Wave.
Also there is a possible double top pattern forming in the counter.
The pair has also formed a evening sta r pattern in the candlestick.
So as per the above analysis,we can expect a strong a downside in the Dollar index.
ACC is giving a Short Setup.. After a large rally ACC gave a 5 wave decline correction from 1740 to around 1590 Levers after which it has moved back up again in what looks like a 3 wave corrective pattern indicating that it will go down again for a Wave C or Wave 3 correction down. One can short the stock at current price levels with stoploss just above 1740 and...