bse downtrend will continue
as it seems to be in zig zag correction
5-3-5 formation
downfall came in five , sharp upmove came in 3 steps
now again down trend continuing possible five wave formation may form ,
let's wait and watch
it is an analysis , not a trading advice trade with your due diligence.
Adani Enterprises - As per technicals, the stock is likely to complete 5 waves on a larger degree which could result in a trend change in short-medium term.
NSE:TATAPOWER
Tata Power technical outlook: If it continues the momentum then 260 is possible in next 10 days. It is very bullish above 270.
Can Tata Power repeat what Adani Power has done? Probably Yes.
Should you invest aggressively at this point? No. Wait for the breakout.
Can it fall from these level? Yes, it can but that will only give buying...
Nifty has a trend line resistance and a higher timeframe supply nearby.
Aggressive entry will be shorting at 18200 with a stop loss of 60 points i.e., 18260
Another reason for shorting is Nifty gave an up move of almost 240 points and I'm expecting a correction at this point.
Even if it takes stop losses can try to enter the trade once it gives downside...
Hi there!
Let's talk about this small trade in Reliance.
Reliance CMP:- 2524.05
-->From 30th sep to 1st Dec Reliance has formed HH and HL and was in Uptrend .
-->Since then Price is in correction and approached 0.618 Fib level of that up wave.
What's in my mind?
-->If we observe the price action there is an untested demand zone at this 0.618 Fib...
Avenue supermarkets Ltd. has been proven to be a vital business for country's consumer and it will continue to be.
Coming under 'necessary retail' I expect it to get hit lesser in any black swans from here-on.
Fundamentals are healthy and the chart is in the process of looking better, good amount of correction is over.
Expecting a fall from here of ~10% in the...
See the long term chart of Wipro. Coming to retest its channel breakout of 340 levels. Buy here for 600 as T1 and may be new high.
Another scenario may occour i.e. restest of channel at 200 levels, which should come in my opinion if level 335-340 breaks.
Happy New Year 2023 - Follow me on Trading View for daily Nifty50 chart.
Nifty is moving in upward trajectory with major resistance taken in Daily Chart and now headed towards 18337 levels and further up to complete red 3 wave. Yesterday US markets were closed / and Dollar Index move today has been only favourable for Nifty50.
With earnings season coming up,...
JSW Steel Ready to break out. Multiple time faced resistance price of 769 to 775. Once break out with the volume. it will shoot like rocket.
Keep Eyes on JSW Steel.
note : this is only for education purpose. do your own analysis before taking any trader and consult your financial advisor before taking any trade.
The stock has made a head and shoulder pattern and given a strong closing today. Sell above 19550 level for both intraday and swing .
first target 5% Carry only on day closing above trigger basis.
This is a risky analysis I was trying to fit patterns here but couldn't fit any and the best fit I got was The cup and handle and which might not be right here but it looks more likely to be good and the analysis is that the market is more likely to go up if external factors don't affect them. I've set up the targets for both Bullish and bearish market. You can...
This chart analyze the fluctuation zone of the stock in which it may render most of the time in the current time but As the PE ratio of the company is 59rs which is too high and the company is currently so much overvalued that more chances are that the prices may drop and the there would be a significant difference. for short term I analyzed the chart and it has a...
Here I've provided both possibilities for the bank-nifty going bullish or bearish with their corresponding support and resistance levels. Though the EMA is pointing bearish its more likely to go bearish. But let's see what happens on Monday (02-01-2023).
Also I'm open for any corrections or suggestions you'd like to share with me.
The stock has made a double bottom pattern and given a strong closing today. Buy above 277 level for both intraday and swing.
Intraday target 300
Positional first target 315,320. Carry only on day closing above trigger basis.
Positional traders can take good advantage of this opportunity, as the market is slowly turning bearish due to covid crisis world wide, we might see correction in individual stocks as well, here LT has formed a head and shoulder pattern and it is currently near its neckline, a solid breakdown from that point can make it fall to around 2075 levels.
