Timeframe: 2h
As per our previous idea, we have identified a market scenario characterized by supply pressure and bear dominance. At a price level of 44154, we observed the occurrence of Wave (3), followed by a corrective phase known as Wave (4). Wave (4) exhibited a double three pattern.
Currently, the price is in the process of forming the final sub-wave (c)...
In this assessment I will try to answer a few questions:
1️⃣where is the market trading?
It is trading near its all-time high 18887.60
2️⃣How it is behaving near this resistance?
🚩It reacted sharply from near the resistance level but took support near a previous swing low of 18670.
🚩Then it rallied even much sharper back to the resistance and this time the...
NSE:CNXFINANCE
Hello Traders,
In this video, I have explained a Breakout trading setup that will generate only high-probability breakout trades, that have high success rate than another breakout.
The setup is based on a pure price action structure and does not require any indicators just we are using volume as a confirmation tool.
Why does this setup work? ...
Hello Friends,
Here we had shared some major points and characteristics of Zigzag Correction pattern of Elliott waves.
Also we had shared real example chart study of zigzag pattern as a case study of NaturalGas, in which their are some principles and guidelines, which are perfectly going through in chart of NaturalGas.
Principles and Guidelines of Zigzag...
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On the last session of previous week price breakout a more then one year old resistance and gives a good close above that resistance and it is a highest weekly close ever by this stock so it seems a good opportunity to go long in this stock.
Target Identify by two ways-:
1- One is theoretical way to measure a triangle breakout which is trading on it's all time...
Gold prices rose due to a decrease in the USD, but investors remain cautious about the Fed's interest rate strategy and other economic signals. However, gold prices are still close to their lowest level of the previous session as investors wait for signals from the Fed before making investment decisions. The USD Index decreased by 0.2%, providing support for the...
Hello Friends,
Here we had shared some major points and characteristics of Expanded Flat Correction also known as Irregular Flat Correction in Elliott waves.
Principles of Irregular / Expanded Flat correction pattern
1) 3 waves corrective pattern which is labelled as A-B-C
2) Subdivision of wave A and B are in 3-3 waves
3) Subdivision of wave C is in 5...
HINDUSTAN UNILEVER ANALYSIS!
HUL Daily Analysis!
HUL Analysis with combination of Patterns and RSI!
Double Bottom Pattern Formation and Breakout in HUL!
Flag and Pole Pattern Formation and Breakout in HUL!
HUL has made Double Bottom pattern on daily timeframe it has given a breakout to the neck level and retested it's support level on the Neckline only. The...
Jindal Steel Cmp 520 dated 26-5-2023
1. Morning Star Candle @ Support (Reversal
Candle)
2. RSI Reversal
Buy above 523 target 535-550-560-580 SL 500
It is just a view, please trade at your own risk.
Hey everyone!
While trading and investing offer the opportunity for profit, there is always the potential for loss.
Here are a couple of time-tested tips to help you in understanding and managing your risk better.
📝 Develop a Trading Plan
─ Many traders jump into the market without a thorough understanding of how it works and what it takes to be...
After the five year resistance breakout , the stock given significant return and retrenched to 50% fib level .
In chart, falling wedge breakout is visible and momentum strength confirmed multiple factor i.e., ema, volume and rsi.
Entry at current level, Stop loss below Rs 580 and Target 1 & 2 pointed in chart.
Thanks
-AJ
Disclaimer: The information and...
Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above...
Chart -> Mazdock Daily
Inverse head and shoulder breakout with volume!
CMP: 810
Good Range: 770 to 810
Target: 936
SL: 750 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
The stock is making an ascending triangle pattern and consolidating in a range for sometime now.
Buy above 1377 level (carry only on day closing basis) for positional targets of 1420, 1440 and 1465.
This is purely a positional call.
Learn & Earn,
Dr. Tanya Kumar
