It looks like the correction Phase is complete at wave (c).
focus on key levels will be beneficial. we are going to ride on wave 3.
wave 4 can't exceed the starting point of wave 1.
There is invalidation below 2044.
I will upload Lower Timeframe analysis.
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
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
hello guys :)
came back with a new Idea and I think so that many of you have doubts about this stock like when and where to enter?hold or exit? etc...
I also posted previously Idea that you can enter in this stock;that time it was 800 to 850 levels...
I also bought this first @830 and after that I also bought @726 as I founded it bullish according to my...
TREND ANALYSIS & TRADE SETUP
TRIANGLE 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.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
Bajaj Finance fell today post result declaration. A mega bull run has halted temporarily.
Much need correction in price has been started.
Scrip is following consolidation followed by a brief upmove strategy, Thus shifting price levels in a ladder-like structure.
It will retest the 3115-3130 levels on further correction( lower levels of Top-most rectangle). And...
EURUSD trading on final leg of complex corrective pattern on medium term. On short term price reached its monthly support levels and also as per wave count i am expecting EURUSD found minor bottom @ 1.1050 level. From here i am looking corrective upside upto 1.1130 level.We can clearly see wave 2 of this count took more sideways action so wave 4 we...
NSE:NIFTY got stiff resistance around 11860 levels, moving above head of hypothetical pattern will make the pattern invalid and holding above it for sometime will only push stock towards 11935/65/00 levels. If the H&S pattern comes into action, index may fall towards neck line of the pattern and if breaks and hold below neckline may push further down towards...
INFOSYS IS SELL FOR TARGETS OF 590-550.
1. IT IS AT A UPPER DIAGONAL OF A RISING WEDGE (BEARISH PATTERN).
2. 5TH WAVE OF DOMINANT WAVE IS COMPLETED. NOW CORRECTIVE WAVES WILL START.
STOPLOSS: "ABOVE SWING HIGH OR AS PER RISK BEARING CAPACITY"
EUR/USD pair has formed a full Elliott wave and it is currently forming a corrective ABC wave in the 4-hour chart.
We expect the counter to make a sharp bullish move once it reaches the point B. Traders can also look for cues in the shorter time frames to take long positions.
GBP/JPY has broken its bearish trend line. The price action has also created a higher low.
The price action indicates that it will move towards the next resistance placed at 148.092.
If it makes a bullish crossover above the resistance,then we can expect the price to move towards the major resistance of 149.967.