TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! 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 CONFIRMATION ! Risk:Reward: 5-7 times.
1.2124 is key level if you want ride on wave c of ((y)) but there is weakness bellow 1.2124. it suggests that wave iv is complete and USDCAD is heading lower.
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! 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 CONFIRMATION !
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...
TREND ANALYSIS & TRADE SETUP ! ELLIOTT WAVE ANALYSIS !! 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 CONFIRMATION ! Reward is 8-10 times .
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.
Have a long term perspective in business of IEX .
NSE: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
NSE:ASTERDM did give a very good volume on buying side but could not breach the walls of the channel it is trading in, seeing further downside till july.
NSE:TORNTPOWER has some good news with its Solar projects but there is some correction in price left further. Stocks can run 1 or 2 days on news but eventually follow the base trend it is in.
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.
NSE:GLENMARK has upside to witness further after it broke all time high. The 45MIN chart here shows support area to which it will test its fall and reverse from the "Box of Price Reversal"
NSE:MOREPENLAB has completed its corrective structure and given a breakout which it will retest and then wont look back in few days to come. NSE:CNXPHARMA is gaining pace and hence most of the Pharma stocks. A new rally is in motion!
NSE:JUBLFOOD showing correction and that is about to get over. The box shows Price reversal area from which probably it is going to bounce up and run. Wait for confirmation when it breaks out of the channel if you like, being observant pays good.
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...
TREND ANALYSIS & TRADE SETUP ! ELLIOTT WAVE ANALYSIS !! 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 CONFIRMATION ! Reward is 8-10 times .
As 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...