AXIS BANK : Buy for the Last ThrustTrading plan :
Go long above 630 keeping SL of 620
Tgt 1 : 650
Tgt 2: 670-75
Elliottwaveforecasts
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.
Indigo- Careful At Tops 1745 (Wave Analysis) Next impulse may have started downside - if correct. Stock can fall to 1325 from where thrust started upside on 11th Nov2020
Holding below 1745 - Expect 1325 (Target 1)
Thanks
Nifty50 in 3rd of 3rd waveHi everyone,
Heavy inflows of foreign money & intensity of rise & gaps in every rise is giving indication that we are in 3rd wave of 3rd bigger degree
and I wont be suprised to see this trending 30000 levels in nifty
the fall we saw at 7500 can be 2nd of 3rd as 2nd wave fall is generally seen intense ,bigger degree 2nd waves are seen at 61.8% to 78.6% while in the 3rd wave the 2nd wave is generally seen not more than 50% retracement as 3rd wave is developing and its very impulse in nature.
1st and 2nd wave is generally seen near MA while 3rd and 5th is seen elevated above MA & similarly this developing 3rd wave is going to elevate above the MA
hence I think this run is not going to stop till 32,000 level & may be by 2023-24
yes time cycles are giving some 23.6%-38.2% crash indication in 2026 end so may be we see 4th of 3rd bigger degree from there ..
Please understand the chart and I will be happy for open discussion rather than trolling posts !!
* for educational purpose, trade at your own risk !!
Graphite Ready For ActionGraphite impulse wave count gave trendline breakout with volume wave 3 target 400 and wave 5 would be 450+ long at current price 211 or dip towards 200 with STOP-LOSS 160
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Ready to blast ?as per elliot wave count , it seems that corrective wave 4 ( which is a triangle) has been completed and wave 5 has started. it should head towards 150 plus and if market supports then may be near 200. rest is detailed on chart
disclaimer : for education purpose only
Nifty- Buy Above 12625/12625 for 12770/12850This is short term view & holds valid till Nifty Index holds above 12625/12650 - You can expect impulsive move towards 12770/12850 - targets upside ( careful at tops) - if crosses 13K then structure has to be reviewed back. Thanks
You need to be careful as suggested in closing comment of Reliance Idea published last (mentioned below)
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Last Reliance Idea
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Reliance- Cracks 3% - Has Wave 4 started? Downside (Top-2093)Not A Trading Call. Just for Educational Purpose
Last Price-2010 / 11:46 Hrs / 11th Nov2020
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Recap
Fall Below 2060/2065 which was updated in the last idea published as mentioned looks like an impulsive Wave-3 down finished the fall from 2310 to 1835 lows.
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Present Day @ 11th Nov2020
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From 2370 Highs - It can be counted as 1-2-3rd wave done at 1835 lows - wave 4 possibly done today @2095 & falling in wave 5 next
Current upside move from 1835 to 2095 retraced close to 50 % can be possible wave-4 done at the tops (not confirmed yet)
Next Support (Don't forget) -1990-2000
Question to ask - Was that Wave 4 done at the tops today or a part of corrective sequence
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Early Snapshot
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Bank Nifty - Emotional Trap Above 26K+ (Butterfly Can Trouble) (Note- Please read the levels carefully- Last Nifty Idea was suggested not valid above 11930 levels- You need to manage your own risk)
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Idea in Nifty (History May Repeat Again) - suggested that -Expected X-Wave can be 3-Wave Sequence (if crosses 12025 highs)
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Bank Nifty
• Butterfly above 26K+ can trouble
• Is this the Emotional Trap?
• Post Leading Diagonal which finished at 25232 Highs- Index looks to be running into irregular
correction which at times can deceive traders by its look & appearance- make you believe that it
was an impulse move
• Butterfly can stretch 127 to 162% anywhere in between & has reached minimum criteria of 127% -
which is the lower levels for butterfly harmonic pattern
• Manage your risk & trade accordingly.
Thanks for reading & have an exciting week ahead.
Regards,
Abhishek
COFORGE: A ZIGZAG CORRECTIONThe five wave declining structure suggests that the stock is going to give a zig-zag correction as wave-4 formation.
