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Elliottwaveforecasts

Nifty - Bounce & Collapse (Buy & Sell)Buy - Strictly Holding Above 14590 -14600 for 14765 (Target 1) & 14850 (Target 2) Sell - If Index pushes upside into the zone 14850-14900 zone & halts or stops with strict stops above 15000+ for downside 14590-14600 (Target 1) / 14260 (Target 2) / 14050 (Target 3) Happy Weekend -------------------------------------------------------------------------------------------------------------------------- Last Idea ----------------------------
NSE:NIFTY
by WaveTalks
20
EURGBP : is this the time to do 1-2-3-4-5 for upside ?After a whole 1 year from march 2020 to april 2021 , the currency pair EURGBP has shown a corrective structure of three waves , Wave- a , wave-b as a triangular wave, and wave- c of impulse decline. The weekly price action suggests that there is quite bullish reversal chances from the recent bottoms. The evidence can be considered with the help of Bullish reversal candlestick pattern : THREE LINE STRIKE , a channel breakout & a higher higher highs & higher lows in the lower time frame. One can go long on EURGBP for the targets of 0.88 to 0.9 in the coming weeks.
Long
by TradingSutra
1
NIFTY: preparation of a zig-zag correction ?Nifty can repeat the fall of september again which was in a form of zig-zag having the initial run as leading diagonal. Trading strategy : 1. Buy nifty on dips for target of 15000-15050 , holding 15050 can extend to 15200-225. maintain SL of 14465 on the downside. 2. As soon nifty reaches in the resistance zone and starts rejecting then , create sell position close to 15250-300 with SL of 15350 for the downside objectives of 13700-500 .
NSE:NIFTYShort
by TradingSutra
7
HDFC- 2777 Will it Stop!!! • Multiple Tops on lower degree have halted stock close in 2750-2777 zone • Push Above 2780 – can take stock to new highs 2850/2950 • Careful at the Tops later as current geocosmic signs at the moment may trick you. Always be cautious & false breakouts & breakdowns are common phenomenon in this period • Risk Management is most important so traders should know first how to use stops before even they start trading & use trailing method to protect your profits --------------------------------- • Trading Strategy --------------------------------- Plan A – Buy Above 2780 for 2850 & 2950 Plan B – Crosses above 2780 & fails to reach the targets as mentioned in Plan A or only partial target is done at 2850 & drops back below 2780 – Become cautious on long or buy positions-That is also a plan Plan C- Sell below 2600 for Target – 2365 & Below 2365 to 2200 which will be 200 DEMA support
H
by WaveTalks
14
Granuels India - Final Waves Unfolding from 2008/2009 Bottoms• Final Waves could be unfolding for the sequence which started from 2008/2009 bottoms post financial crisis • Suggesting Corrective Flat Sequence WXY from 2008/2009 Bottoms till it moves slowly & in time consuming pattern – taking this as primary or main view. • Wedge or Diagonals are Time consuming patterns which can be a possibility once more price details are available • Alternate Scenario / view- If Stock moves vertical above 600-700 zone that could be early signal that it has potential for bigger moves later but failing to cross the suggested zone will also call markets participants to be cautious at the new highs • Short Term Trading Buy in 300-325 zone with stops below 280 for Target 1- 375/380 & Above 380 for Target 2- 450/500+ or Buy Above 380 if fails to drop in 300-325 zone. • Long Term Trading Once stock has new highs possibly in 600-700 zone & fails to move further or consuming lot of time then participants have to be careful & review would be required at later stage. *** Avoid Taking Long Positions if stock falls below 280 levels *** Thanks & Best Wishes
NSE:GRANULESLong
by WaveTalks
7