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Demand-supply

Insecticides India - Upward journey to continueOn Weekly/Monthly chart it seems we are in a great long 3rd wave in progress. On Daily chart, we may have just completed 4th wave and might enter 5th wave on the yellow trendline break as shown hereby. We will have to see the price action and momentum near 640s and 650s and then plan to seek an upward journey until end of 5th wave on Daily time-frame. There is a great demand zone on daily chart too from which price is trying to bounce up. So let's wait and watch. This is a good scrip for educating and practicing ourselves on Elliott Wave and Demand-Supply models with Price Action as primary staple diet :)
NSE:INSECTICIDLong
by champvimal
2
Bosch Ltd - Great Long Term PickIt seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't been in this boat, a great opportunity to buy for longs can come at the nice green 1 day demand zone bar shown hereby. We will have to see the price action and momentum near 26100 to 25800 and then plan to seek a bounce for an upward journey. Again, I will post those ideas which are great opportunities to educate and practice ourselves on Elliott Wave and Demand-Supply models with Price Action as primary foundation.
NSE:BOSCHLTDLong
by champvimal