Correctivestructure
Nifty - Corrective Wave + Bearish Bat (Selling Below 15045)Reasons for sell
• Falling Trendline can act as resistance connecting 15336 & 15045 Highs
• Corrective wave close to end its structure which started from 14416 lows
• Bearish Bat Harmonic structure PRZ below 15045
More confirmation for selling to be confirmed
• Once Index takes out 14890-14900 zone
• Slips below gap up zone 14828-14892 zone
Target Downside
• 14765 (Target 1)
• 14725 (Target 2)
• 14605 (Target 3)
• 14415 (Target 4)
• 14350 (Final Target)
Stops or Invalidation Level*****************
• Rally upside above 15045
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Last Idea Published
MegaCorp is Ultra Risky and currently Correcting!BSE:MEGACOR is currently undergoing correction and support areas are marked in the graph.
Its is a very risky penny stock. Beware!
Rising NBFC, Mega Corporation has normal fundamentals.
Should wait for stability to form in the company. Will get enough entry points in future when it becomes tradable.
IOL Chemicals & Pharmaceuticals is trapped in Corrective ChannelNSE:IOLCP is undergoing its correction and I see more downside in the stock.
It has given some stellar returns in the past and a corrective pause is inevitable.
Patiently waiting for the price to visit the price reversal box drawn in the chart
One last Pull to the downside C'mon NIFTY lets get over with !NSE:NIFTY can give a push to downside trying to test the bears sitting on 14000 levels. Can put a trap for sellers and then never look back?
The moves back a few sessions don't feel trending enough yet to start a bull run.
So I see a bit more fall before we are done for once it for all!
Come On Nifty! lets test 14140-14000 box and become a BULL after that.
NBCC collecting Rockets! Will Blast off to Rs60 or more?BSE:NBCC has been in correction phase past couple of weeks and seems Rs34.50 can be a good level for reversal of winds for NBCC India, This is Breakout Ready(as it reaches Rs34-35!)
If not sustained the level of Rs34, the line of invalidation at the end of channel drawn in the chart will be the final level of fall for this to become Rocket in upcoming sessions after that.
Nifty Correction is likely to take place till 12400As you could see Green area in chart we had a bad crush in 2008-2009. After the fall Technically we saw a bull rally of 1.6 times of the fall and market made high of 9180 before having corrective move till previous high of 6200 which is also 38.2% of the bull rally which is drawn as white dotted line in Green area.
Similarly, This time also as we can see the white area, Market had fall from 12400 to 7500 and the bull rally also continued till 1.6 times similarly like 2008-2009 and reach to 15400. Similarly , this time also we will see a 38.2% correction of current bull rally before it moves further.
The 38.2% of the current bull market also comes at previous high around 12400 and this is not a coincident but a well known Retracement Theory in Technical. Hence,that we will trade lower till 12400 before entering new bull run.
SRT Ran Finance Short Trade Setup !TRADE SETUP !
CHART PATTERN !
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 6k to 12k Profit.