After giving a five waves down , the stock has made a 3 wave upmove in a parallel channel whose breakout was seen in the friday's session. One should make a short position keeping a stop loss a bit higher of just recent high that is 2500 level and wait for the target below the recent low which is 2077.
Last Price - 1947 / 17:13 Hrs / 5th Dec2020 Traders Sell Only below 1895 for Target- 1835 /1750 *Not falling below 1895 will suggest Wave-4 is still on going & will take few more sessions to complete -------------------------------------------------------------- Last Selling Done at the Tops of 2095...
analysis mentioned on the chart.
On a larger degree front , AUDUSD made a 3 down & 3 up wave formation which suggests that a FLAT pattern is in formation,as long as it maintains below the previous highs. An ending diagonal is forming on lower degree as wave-c which suggests that the 3 up formation is going to exhaust . We should see a five wave down rally if the flat corrective pattern is forming !
It seems that wave c of ABC correction started in bank nifty which may lead it to 28175 to 27500 level. rest explained on charts disclaimer : for education purpose only
(Note- Please read the levels carefully- Last Nifty Idea was suggested not valid above 11930 levels- You need to manage your own risk) ------------------------------------------------------------------------------------------------------------------------------- Idea in Nifty (History May Repeat Again) - suggested that -Expected X-Wave can be 3-Wave Sequence...
The five wave declining structure suggests that the stock is going to give a zig-zag correction as wave-4 formation.
Last Price - 11860 / 10:37 Hrs -4th Nov2020 This view is not valid if Nifty crosses above 11930 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Already suggested in last video idea - US Markets are doing retracement for...
Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
Quick Recap on Auropharma Hindalco Reliance Finally shall with NIfty Index review for idea published yesterday. Thanks for watching the idea.
Elliott waves Ending Diagonal pattern (ABCDE) Short entry @ point E. Target Support trendline & then 0.618levels.
Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
Short Term Trading Plan Last Price- 819.40 Short Term Buy Above 820 (Strictly follow the levels) for 835-840 If crosses above 840 / 845 zone then extends upside to 855 / 870 - Long Term Trading Plan Careful at the tops as fall may start later for downside target 735 & even lower in Larger Degree -Wave C...
fourth wave completion. One should go short with SL of territory of wave (i).
Review - SP500 Index / Review of Indian Indices - Nifty/ Bank Nifty Last Ideas - NASDAQ 100 / Indian Stocks - ITC Review Done-6th Oct 2020 / Indigo Wave Analysis -5th Oct 2020
Heading for 2nd Target - 157 Last Idea Review published on 9th July 2020 Thanks for all positive comments (Special Thanks to Sourav Ghosh for putting his precious time) Short Term / Long Term Update Review Quick Recap - Stock Indigo ( Airline Stock)