This is the Elliott wave analysis of Force Motors on DAily TF, below are the inferences -
1. Stock is in C wave, which is the end of correction after an impulse.
2. It can still continue correction further after creating the bottom. This correction might be time-wise or sideways correction.
3. But currently, the C wave is yet to be completed.
4. Projections or...
Hi Friends,
Tata Motors is in up move from a couple of weeks.
The move is expected to continue after a brief retracement. Retracement levels are marked with Fib retracement.
A zone around 452 can be a potential reversal zone.
2 daily closings below 61.8% fib marking will confirm the trend change.
In TATASTEEL ending diagonal has been formed at the end of Wave B, If there is downward breakout one can expect down move which is the start of wave C, if it didn't breaks the invalid level placed at 1386.7, then the marking are invalid.
Shriram Transport Finance (Daily)
Head & Shoulders Chart Pattern
Lower bollinger band is challenged
MACD of the daily wave and weekly tide is downtick
RSI is below 40 in the oversold zone
Stochastic 14,3,3 is in negative crossover and oversold zone
-DI is above +DI and ADX is above 15 in the Directional Movement Index (DMI)
Seems to be in the C wave...
Tata Chemicals (Daily)
Head & Shoulders Chart Pattern
Seems to have entered the C wave
MACD of daily wave and weekly tide are downtick
RSI is downtick too, one can wait for it to go below 40 in the oversold zone and Bollinger Band to get challenged on the lower side to be doubly sure
Stochastic 14,3,3 is in negative crossover
-DI is above +Di
Possible...
HDFC (Daily) - Head & Shoulders Chart Pattern
Possible top fishing of the right shoulder
Seems to be the start of C wave
MACD downtick in daily and weekly timeframes (wave and tide)
Stochastic 14,3,3 is in negative crossover
-DI is above +DI and the ADX is above 15 in the Directional Movement Index (DMI)
Fake breakout of the 50 ema as well
Target 1 -...
BTC continues to be in sideways movement and traded in a range of $32,699K to $36,660. It formed a monthly red candle for June, with long upper and lower wicks and closed the month with a 5.95% decline. On the weekly TF, it formed a Doji candlestick pattern which depicts indecision between the bulls and bears, it closed the week with minor gains of 1.66%. It is...
ICICIBank respecting lower line of pitchfork pattern. Tripple Zig Zag in C correction wave.
Multiple major resistance 364,375,385 above which 410,442 is expected.
Entry 360 Stop Loss 335 (7%) target conservative 410(13.9%), Aggressive 442 (22.7%)
As i have observed market has been long form the log time after 2008 crisis if we impose the five wave pattern in it as i show in chart Please correct me if my wave count is wrong i just want to discusses weather we have right now a big short or not i feel in before march 2021 market will fall and it been in 2008 Please share your view on it.
Some point which...
As we know NU has been in a very good down trend since Mid March, and it seems like it has completed the 5 wave structure of the B leg and now it is about to begin it's way for the C leg.
Divergence is also appreciating in that case for NU LONG.
I'd prefer .6420 for SL in case of Buyzz.
And target would be .6971.
GOOD LUCK GUYS.
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