Balram Chini looks like could be starting iii of 3rd wave through which a rally can come soon..
Buy in the zone 365-72
Stop loss could be 355 or 348 levels for a target of 450+ soon
Candlestick with Trendline with Moving average with Chart pattern with Elliott wave with Harmonic patterns study with copper
i just want to show here it does'nt matter what you know what you use.its important how perfect you are in your study.
why i ve buy this @ 620 on sept expiry.
and what my next view...
Ocean in a range of 10% sell at the top and buy at the bottom simple as that 3d wave trend giving a signal of this sale
although a buy breaking through the range and above the 144 average would be much better. For that we should wait if that were the case.
Biocon Ltd looks fundamentally very disappointing but there are few patterns on charts that makes it technically interesting at this point of time. Betting for an upside with a calculated risk doesn't seem as a bad option for now.
BIOCON ON CHARTS:
- Biocon has formed a Bullish Wolfe Wave.
- After 10 Weeks the Weekly closing has been above prior candle's...
It seems to be correcting in a wave iv of 2 lesser degrees . But since the wave iv is very sharp it seems to a just wave A of a very long time consuming triangle in the future . Where will this wave iv end , most probably it should be supported by the base channel . Kindly note this correction should not go beyond 0.618 .
we can see that NIFTY is at correction. And there is good amount of negative news creating fear right at support zone. I see huge volume coming in at this stage, a best place for institutional players to accumulate. There maybe some price push down to show retailers, that they are in right direction. At present global cues are also going well. Best place for...
HGS with a good fundamental we can expect a good bull run in upcoming days.
still there may be an slight correction pending.
It may or may not take place.
Here we can see DXY has completed ABC on a higher degree and is moving inside triangle at the bottom. Though the wave count looks complete we cannot decide yet and in looking for a 3 wave drive upside which is being supported by the triangle forming ABC correction.
A beautiful example of Lower Low broke zone in Bitcoin chart. These zones are very important price action range areas. Look at Lows of Jan, May , June & Nov, whenever this zones are broke , new zones and another new lower lows created. I want say if Nov month Lower Low break then btc will show another lower low like past month.
Graphite India in Bullish Wolfe Wave. As this analysis has been done in weekly time frame so having patience is advised for the target and return.The Rate Of Change has been customised for a better fit. The ROC indicates the initiation of a uptrend. However, the major up move is expected for 587 when the stock closes above 418 on Weekly basis. So it is advisable...
This stock has been behind when Nifty and all other heavyweights were rallying.
Eventually it will catch up.
Bullish Wolfe wave pattern with double bottom in sight.
Wait for price to close above 6800 for safe entry.
BOMDYEING in Bullish Wolfe Wave. It can be bought with a SL of 79 for the target of 94.80 and 108.80. The Directional movement on the downside seems exhausted and a reversal is expected.
( It should also be noted that the result date is 4th Nov 2022, the uncertainty remains high so please put a strict SL)
CHART & ANALYSIS
-- ADARSH DEY
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
