So , I am publishing this idea on Monthly charts of Nifty 50 , I am new to Elliot Wave Concept still studying and exploring. Your valuable corrections and guidance will make this analysis more useful.
As Per charts ( Monthly Chart ) Nifty 50, Indices are forming waves pattern .
As per Fibonacci Golden Section Rule, which results in a .382/.618 split, Certain...
#shreecement selling with high volume since a week. Momentum and trend in short term is bearish.
another red below the support zone where it is currently good give a short opportunity
that could more than 10%.
THE RESULT PUBLISHED ON 26 MAY 2021 AND SEE THE PRICE MOVED ON 27 MAY 2021
Berger Paints India Ltd reported a 101% YoY increase in consolidated net profit to Rs 208.60 crore for the quarter ended March (Q4).
RSI BEARISH DIVERGENCE GIVES THE SHORT OPPORTUNITY
Description:
The counter NZDCAD forms a peculiar chart pattern, the head and shoulder formation from 26th February. The high at the price of 0.9328 forms the head and the two lower highs around the price of 0.9255 form shoulders. The neckline is the core of this pattern at the price of 0.9204. This pattern is very supportive of the bearish trend. Yesterday the...
DESCRIPTION:
The counter EURCAD is maintaining its price below the flat-top resistance line at the price of 1.5379. The resistance line has been tested twice . Today the counter hit the resistance line and the price started falling downwards. The resistance line is very strong so that the counter can't able to break the line. The downpour of the price indicates...
According to this Analysis the Upward trend is over(Higher Highs)
And it starts Making Lower Lows. Analysis through Elliot Impulse wave.
Confirmation of lower trend - Fake upward Trend was seen @ !6 July 2020( Dows Theory ) i.e. confirmed by the volume.
Time to Short The Share.
Its Just our Analysis not the Recommendation to Anyone.
Thanks.
Simple patterns are the ones which I like to trade the most, bcos they give you clear idea of what to instead of complex things. Here we have bullish flag in LT, so I expect the usual upside breakout but will take downside trade also if breakout happens otherside. We are in bearish trend also, R3 will attend his last policy meeting today, only banks will be...
![LT: Larsen& Toubro [L&T] : BullishFlag in Bearish trend](https://s3.tradingview.com/l/lrjWMlQG_mid.png "Larsen& Toubro [L&T] : BullishFlag in Bearish trend")
