#NIFTY WAVE COUNT. Whats next ?NSE:NIFTY
Nifty Analysis for next week.
#Impulse wave + correction wave
Nifty last correction wave ended on the 22nd of May and it triggered the start of an impulse wave and successfully Completed three waves and then we are now in wave 4 and this correction wave can complete around the 18455 - 18400 zone.
To start a wave 5 needs to break a range of 18,580, a target price of 18850.
Some stocks:-
1. Deepakntr
2.Aartiindus.
3. Asianpaint
I hope you like the idea.
please like and comment with your views on this idea.
Keep learning,
Happy trading.
Thank you for watching.
Deepaknitrite
Deepak Nitrite showing continuous sign of uptrend.I have added all my observations in the chart.
H - High
L - Low
HH - Higher high
HL - Higher lows
briefing all the points,
Technically
Stock is not in overbought zone.
No signs of divergence with respect to prices with RSI graph
50EMA line just crossing 100EMA line
Stock making higher highs and higher lows
no bearish candlestick patter visible on daily chart
Stock seems to be in uptrend
Stock above 200DMA
Fundamentally
1. Stock showed increased operating profit from last 3 quaters.
2. No cons visible on screener site.
3. Increased Investments from DIIs for last 2 quaters
Summary
Stock seems like is in uptrend, with no negative indicator in sight.
DeepakNitrate ... Another Multibagger born - Long Term BuyDeepak Nitrate has came out of weekly correction with Roar today 10% up.
Medium Term targets 3000+ 40% upside & Long Term Targets 2x Possibility 4500+
LTP - 2135
SL - 1880
Target 1 - 3100+ in 6-8 Months
Target 2 - 4500+ in 12-15 Months.
Superb Stock for Long Term Investment.
Positional tradegood accumulation, VCP pattern
u/d ratio more than 3
sellers exhausting.
accumulation going on around 50ema
21ema going towards 50 ema with changing angle
sl is less than 8 percent, which is reasonable for positional type trade.
one big volume bar might reveal accumulation.
buy if stays above 1900.
Deepak Nitrate - Bullish patternDear Chartist, trader and investor,
Deepak Nitrate is moving upward and follow the Dow Theory Tenant - Higher High and Higher low and today break the previous high and entered into suppliers zone.
Waiting for through back and then entered into a long position.
All the details are mentioned in charts.
Ready for Next move
Good Day ,
Hello Traders,
Deepak Nitrate is giving a trendline on a Daily basis. Strength is coming from the bottom.
Good candidate for the Portfolio, near term targets are 2377 / 2679
Chart Self explanatory.
Time Frame : Daily.
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
Deepak Nitrite Long PositionHello Traders/Investors
Recently Deepak Nitrite shows a breakout of trend-line and it is re tested as well. RSI and other indicators are supporting this breakout as well.
There is a possibility of 25-30% Rally in this stock in coming months.
Targets can be seen in Chart
Note: Trade at your own risk. this is just for Educational Purpose
deepak nitritehi traders .,
1. deepak nitrite finally break the channel top also we can take it as bull flag.
2 . after 12 months consolidation period finally its broke
3 . in day wise its formed inverted h&s pattern
4 first target around 2400 & for long term target 3000
5 target period 15 - 20 days for 2400 (swing trade )
DEEPAK NITRITE - Falling Wedge Breakout - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Cup and handle Pattern breakout in DEEPAKNTRThe cup and handle pattern is one the most reliable pattern if it shows these signs in its formation:
Big volume buying on the reversal from lows which shows that institutions are buying.
Volume dry up on pullback shows in handle shows that the supply is being consumed by institutions showing no selling pressure.
2x or 3x the average volume on pivot breakout.
Big price candle on breakout
Entry - 2185
Stoploss - 1930
Target - 2500/2600
I hope this analysis helps you take better decisions on the stock.
Thank you
Saurabh Yadav
DEEPAKNTRNSE:DEEPAKNTR
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose