Crude oil is looking Bullish ahead Reasons are mentioned below
Inverted head n shoulder Neckline Breakout
Price taking support from RK's Mass psychological cloud and RK's stopline in daily time frame
Possible wave counts on weekly chart
Possible wave counts on Daily chart
Possible wave counts on 4 hourly
Possible wave counts on 1 hourly
Naukri (info edge)
Friends, please go through details shared below, which are making our bearish bias very strong.
All the key levels are mentioned in chart along with stop loss and Targets.
Possible wave counts on Daily time frame
RK's mass psychological cloud is also suggesting Bearishness ahead.
Bearish divergence in MACD, RSI and STOCHASTIC...
As Per Elliott wave theory NSE:BALKRISIND looks bearish for short time, formed channel in wave C expecting minute Wave 5 will reach till fibo ratio 0.786 or 1688, and possibly reverse. if price goes beyond the invalid line or breaks channel upward then markings need to recheck.
Risk management is Imp, use stop loss, Happy trading.
Godrej Properties has shown good strength for its upside. It has also formed an interesting structure
at the bottom which is called inverse head and shoulder. The breakout of the neckline may further accelerate the move
towards our fist target of 1494 and breaking that will achieve our ultimate target of 1553 of our internal wave 3. Staying
with the stock may...
As per wave structure wave 1 and wave 2 of bigger degree has been completed and now, possibly we are unfolding smaller degree wave 1 of bigger degree wave 3.
It has given breakout with good intensity of volumes on hourly chart. Well, Overall crude oil is looking good to go long at these levels with stop loss of $ 85.70, for Targets of $ 90, 92, 93.70, 97.86,...
#banknifty analysis for next week:- Wave 4 is always painful, hitting StopLoss left and right is a common phenomenon.
Wait for the next wave 5 upmove
Two analyses:- 1 HR TF for bird's eye view and 15 min TF analysis for day trading
#elliottwave #nifty #stock #StockMarket
MUTHOOT FINANCE LTD came to my Radar today when I see it fall like an apple from the tree.
Generally people say stay away from a falling knife but what if an apple is falling from a tree? so I started to analyze MUTHOOT FINANCE LTD.
The full analysis is before your eyes.
Primary 3rd has Finished and we are in Primary 4th.
It appears that...
#crude analysis on weekly time frame:- Looks like we are in Wave C of the correction and we might see #crude get melted off.
Always trade what you see, not what you feel.
U won't need to join any webinar or seminar.
Control your emotions and don't bet all your chips on a single trade.
Credit Access Gramin Weekly Chart Analysis I feel the below counts are at present working:
I] in higher degree complete
II] in higher degree complete
1 of primary degree complete
2 of primary degree complete
3 of miner degree complete
Miner degree 4th in progress
will complete miner degree 5th around 1350
This chart is not a buy/sell...
As Seen in the chart there is possibility of reversal as one can see wave C is completed with 5 waves and 5th wave is ending diagonal. So, there is a probability that price can go and touch the median line of the channel which is my first Target & can be pulled back for some time and then further can touch to the upper line of channel.
Note - before taking trade...