2020 muhurat trading price movement. Note this for 2021 trading session
Current pattern: WXY double correction Both correction have taken Bow-Tie diametric form(7 leg pattern,Expansion in first 3 leg and compression in last 3 leg). Right now it seems like second correction is done and current fall can be wave X or wave 1(star of new impulse on the downside) Shown horizontal dashed lines are retracement(23,38,50,62) levels of second...
Watch for HH, HL when the price comes at 493.80 and take your entry.
APL APOLLO ON Rising Cyclical Upside . Change of Polarity , Taken Support and Started Heading Upside With Increase in Volume .MACD is About To Give Bullish Cross Over and RSI Rising . What Else You Ask For .. Strong Bet With Targets 1000 in Short Time . Enjoy The Ride >>>
M&M stock formed a 5 wave advance but as prices go past the high of 895. Then we get an extension. A situation where 5 waves can convert into 9 waves and that means adding 4 more waves to the rally. This means recalibrating the wave count and coming up with Fibonacci extensions to project the size of the extended wave on the upside. That is where M&M is this...
Expecting Drredy to bounce back for targets of 5075 soon with stop loss of 4725, currently trading at 4850 ! ( RR 1:2 )
GOLD INR NIFTY Ratio Chart to rebalance Equity and Gold.
Major hurdle for nifty as of now is 18022 which will act as a major resistance and supply zone
As we can see in the chart, stock goes into the consolidation or creates flag and whenever it comes near 44 SMA, there is a breakout. After the fall of 47% we can see that stock is creating new swing high. We can consider each breakout as small flag and pole or look at the bigger picture and see that stock is moving in between 2 parallel lines which are...
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Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...
Let me start with small story. In the town, new cake shop opened and he kept the price as Rs. 20 / cake. Now, everyone realised that the price is too cheap, so on a daily basis he received orders of more than 200 cakes, whereas his production capacity was just 100. After few days, he increased price to Rs.30, still he used to receive order of more than 150 cakes...
Kindly Refer Chart to know the trend of nifty using wave analysis.
Since making a panic bottom in March 2020, Indian Markets, along with rest of the globe, have rallied in an impulsive fashion. The entire up move can be plotted as a five wave impulsive structure. The wave counts here also coincide with the prevailing social mood and the level of broader participation which has progressively increased with every successive up...
Covid has induced an long term commodity inflation cycle. First there was a Huge inflation in Steel Prices, then - Copper, Rubber, now in Textile too(partly due to flood in Indonesia & nearby countries). Hence, to encash such cycles one should have caught such cycles during the starting. Else may get trapped in highest levels. Additionally, Copper price can...
GPIL is a midcap steel derived products, power generation and iron ore mining. This stock has had a tremendous bull run (almost 9x YoY) and still trades at a reasonable valuation Expecting further value unlocking to happen as the Steel bull run continues.
For education purpose only - Once tapped into OB, look for LTF confirmation ( BOS) and enter the trade