AUROPHARMA : FLAT CORRECTION (update)Sell on rise keeping the SL above the level of wave -1 that is 862. for the downside targets of 780's & 750
Elliottwaveforecasts
TATA MOTORS : Impulsive wave completionSell on rise for the target zone of 155/145/130 keeping SL of 185
AUROPHARMA : FLAT CORRECTION (first try)Create short position keeping stop loss above 923 for the very immediate target of 850.
Afterwards: tgt are : 822/755/795
AUROPHARMA : internal structural change (update to the previous)TRADING STRATEGY:
Go long in the zone of 886-880 keeping stop loss of 862 , for the target of 908-910 / 930/945
For aggressive players:
Go short in the zone of 845-867 zone keeping stop loss of 870 for the target of 862/822/750
BankNifty - Cracks from Top @ 30900+Index opening weak tomorrow can finish the downside target of 27750-28000 as suggested to sell below 30700 / close to 31000 in last idea
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BankNifty Last Idea
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Reliance Getting The Crack from Top of the last wave in the proposed triangle
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NIFTY: ONE more push to the upsideBuy with SL of wave -1 that is 13597 for the target of 13700/13750/13800/13850
Reliance -Last Leg Running Upside (Proposed Wave-4 Triangle)Video Update- Reliance Expected Move & Bank Nifty Quick Recap
EURCHF: wave 4 of c completedanalysis mentioned on the chart.
Go short at cmp , keeping sl of wave 1 that is 1.08135 target 1.07400/1.07050
EURCHF: Is it the starting of Stormy 3rd wave ?In this video detailed explanation of applying elliott wave principle has been discussed taking an example of current price structure of a currency pair EURO-SWISS. i.e. EURCHF .
One should go long in the region of 1.07000 - 1.70400 keeping a SL of 1.06618 for the target zone of above the wave 1 highs that is above 1.08710
UPL : A ZIGZAG Correction Trading plan:
Sell on rise near the level of 468-470 keeping the stop loss above 495 for the target of 415/380/350
AXIS BANK : Buy for the Last ThrustTrading plan :
Go long above 630 keeping SL of 620
Tgt 1 : 650
Tgt 2: 670-75
ITC: Exam time , Pass or FailTrading strategy :
Key level is 210
1. Go long above 210 keeping a mino Stop loss of 203 , for the target area of 240 & later 280.
2. Go short below 210 if it starts rejecting from the zone of 210-220 for the target of 190/175.
3. If it starts taking support near the zone of 175-180 again go long with that recent low as SL & ride till 210 & above 210 follow plan 1.
Bank Nifty - Strictly Follow The Levels (Trigger Level - 30200)Trading Strategies
Buy Only If Bank Nifty Holds Above 30200 for 30750/31000 Target
Sell Only If Bank Nifty Slips below 30200 - Downside Target is 27750-28000
Trigger Point - 30200
BANKNIFTY: Ending diagonal , Buy for the last legBanknifty is forming an ending diagonal for its third wave on lower degree. Possible targets are 30750-30800 range. Keepin SL of 29190.
Reliance - (Update) 5th Wave May Start SoonSell Setup not activated & was clearly suggested to sell only below 1895
Trigger Point - 1950 ( Once Stock Falls- Manage Your Risk Accordingly) - not valid above 1950
Target Downside - 1895 / 1835 / 1750
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Last Idea
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Reliance -5th Wave May Start Soon Below 1895
COFORGE: ZIGZAG CORRECTION , confirmation 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.
Reliance- 5th Wave May Start Soon Below 1895 (Wave Analysis)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
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Last Selling Done at the Tops of 2095
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Nifty Elliott wave analysis for 7Dec 2020 onwardWave (5) started from 10790 is looks like a three wave move as of now. wave (c or iii) started from 11535 achieved 100% and 123% while 161% is coming at 13534.
12868-12613 is immediate support range and nifty is positive as long as trading above 12613. Nifty turns negative only if trades below 12613.
