The current price action has formed a bullish triangular pattern which suggests that one should go long with SL of 67$ & look for the target of 71$ -72$
USDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2760 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.27650 for the tgt of 1.2400 / 1.2250 and 1.2000
Axis bank is heading towards its all time highs in an impulsive manner. One should go long on cmp with SL of 750 & look for the tgt of 850
This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal , a swift & a...
A formation of ending diagonal spotted on GMDC chart. Buy with SL of 62 for tgt of 81-82. Stock can break the recent highs.
After an impulsive move AUDUSD should head south for a three wave correction. Keeping a SL of 0.72810 one should sell the currency pair for tgt of 0.72000
After forming a high of 501 stock is falling in a corrective manner. This correction should reach upto 50% of the previous rise i.e. 50% of the distance travelled between wave 2 and wave 3 . The correction can be extended to the previous 4th of the lesser degree i.e. the region of 300 zone .
This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp...
Elliott Wave Theory is a way to organize the market into waves and sub - waves . This strategy is useful for identifying patterns in several timeframes . These structures usually follow Fibonacci Retracements . The main structure is a five - wave patterns ( or impulse ) for a rally or drop . The ABC ( or consolidation ) pattern Usually acts as the next wave movements .
Stock has completed its 4th wave & is ready to move in higher for 5th wave. Sustaining above 1440 will bring the prices up for the tgt of 1500/1550. even higher. One Should buy the stock with SL of 1380 for tgt of 1500/1550
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...
As per the current wave structure wave 4 has been registered. One should buy this stock with minor sl of 3090 & look for target of 3300/3350/ 3450.
From The Last Idea Published..... Closing comment - "Struggling to go below 15800 ---------------Avoid Selling ---------------Do not Sell-------If Index holds above 15800-------Thanks & Best Luck. Trading Strategy ------------------------------------------------------------------------------------------------------------------------- Plan 1 - Sell Only...
Sell Below 15700 - Target - 15505 / 15400 / 15350
Sell Trades Only Below 15900
If Index holds above 14850-1875 zone - it can push & retest 15137+ levels & complete the wedge. Valid only above 14850-14875 zone ---------------------------------------------------------------------------------------------------------------------------- Sell suggested at the tops today in the below mentioned idea comment. Hope You Enjoyed...
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 ...
after a zig-zag correction the stock has given a breakout over the channel . One should buy the stock from the current level maintaining a SL of 380 and look for the target area of 435/460.