As shared previously, (Motherson Bigger TF) chart still looks bearish need to wait to buy can go down till 52 or if it breaks 77 one can enter to BUY.
#Kims Harmonic Target achieved Target - 1454 / 1522 SL-1180 CMP:1269 @ 1 September 2022 Timeframe - 3- 6 Months
#HCLTech near to profit booking zone CMP:1002 @ 15 October 2022
Reasons for Short as follows: 1) Classic Head & Shoulder Breakdown Pattern 2) Price trading near 52 Week Low Zone 3) IT Sector is the Weakest and Leading the Bear Market 4) Global Recession means Slowdown in Revenue for these IT Companies SELL Weakness Stop Loss above 1420 Targets: T1= 1320/ 1300 T2= 1250 ish zone
The Short Setup is as follows: Elliot Wave Standing Point: Rise from Covid Lows can be marked as a Diagonal in the form of ABCDE and Wave E just completed in September For the Short Term as per Daily Time Frame, we can see the following Observations: 1) RSI gone below 40 ✅ 2) ADX at 24 rising, DMI in Sell Mode ✅ 3) Super Trend (10,3) gone in Sell Mode ✅ 4) MACD...
- So Wave E high did not get taken out all this while even though, hence Setup still valid - A 5 wave Fall (Wave i) on Hourly Charts can be Counted from Wave E high - A 3 Wave Corrective Rise (Wave ii) in the form of an Expanded Flat retraced 0.618% of the Fall from Wave E high - Price did Wave i and then ii, and now iii on Downside has Started📉 Wave i= Wave iii...
Attached: Hourly Chart A Clear Cut Distribution Pattern is visible for Bajaj Finance. This Pattern is called the Head & Shoulders Top Pattern and is a Trend Reversal Pattern. In this case, there is a BEARISH Implication One can Short at CMP Stop Loss above 7380 Downside Target open to 6900- 6800 Stay Safe And Happy Trading! If you like my work, then check...
IEX has been distributing since Oct 2021 and now in phase D of wyckoff distribution. Though SOW needs to be created before final leg of selling pressure.
banknifty looks stronger compared to nifty, but it should stay in the range or may fall, stay cautious
A wolfe-wave with Double top setup. RR is high. Good Setup. Invalid above todays high(1937)
#IDFC LTD Harmonic Target -66.40/71/80.60 SL-46 CMP:63@ 1 January 2022
D TF - Head and shoulders pattern on a falling neckline Ichimoku cloud - Bear RMO -bear RSI - bearish Once price breaks down - It will likely to take resistance at 58-55 - half of the height of the head Unlike to reach 46 area. At 55, dividend yield will become around 18%, which makes it lucrative for 5-6 yrs holding period.
Attached: Daily Chart as of 11th October 2022 Price has confirmed the Double TOP Breakdown today as 3450 Neckline broken✅ Price also broke Trend Channel drawn from May Low✅ Downside Target has opened to 3240🎯🔨📉 Stop Loss above 3450
It is Bearish Cypher pattern crudeoil daily tf can give good fall from coming weeks. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code for diagonal trendlines: green - bullish...
i dont know why many people are after gail, coz its penny stock may be. what i can see from my analysis, its going towards 79 level. i would like to stay away from this penny stock.
TCS seem to be falling for a next couple of days, may try to test 3000 again
Bears are still in the game following the free fall that occurred in the US market last night, which served as a wake-up call for Indian traders. #bears_are_still_in_the_game
indian markets showing bullish signals, and dow jones have more downfall to come. indian market will be remain volatile, until dow completed its correction.