From the high of 2680 stock has given a correction in an Expanding Flat category. The post market price action of an Expanding flat is very powerful. Based on this observation HDFC stock is likely to extend the gains towards 2710-2715 in the coming days. Any weakness should remain above the level of 2632 however, nearest stop loss can be taken as 2649. Buy:...
NSE:NIFTY retraced near sub wave 4 Channeled correction in WXY seems to be getting over with RSI Positive Divergence. Wave 3 Rally to New Highs shall resume soon.
NSE:NIFTY Wave 2 correction seems to be getting over. Rally in Wave 3 higher shall resume.
Price has been trading in the long-term channels for more than 16 months. After making a low of 785 , prices started rising to the upper band of the parallel channel. Currently, prices are trading above 100 EMA . PEL has formed a value area with a cup and handle pattern. The neckline of the cup and handle pattern is also the upper band of the value area at 915 .
BSE:SBIN Breaking out in Cycle Degree wave 3 Long way to go higher.
BSE:RELIANCE Long term Elliott wave Forecast Wave 3 Bull market long way to go.
FRED:DJIA SUPERCYCLE Degree Wave 5 in Play. Bull Market has Much Higher to go.
BSE:SENSEX Long term Elliott Wave Forecast. The Bull Market has much higher to go.
NSE:NIFTY Long Term Elliott wave Projection. Bull Market has long way to go.
NSE:TATASTEEL Long Term Elliott Wave Count. Cycle Degree wave 5 in play.
Skipper ltd, this stock is looking in good momentum on daily, weekly, and on monthly too, along with cup and handle chart pattern breakout along with good intensity of volumes too, also wave structure is suggesting bullish bias at the same time, one can go long at current levels and can add more in dips (if any), overall, its looking good candidate for longs....
Apollo tyres, is looking currently in good momentum upside, it has broken resistance trendline along with good intensity of volumes along with challenging upper Bollinger band, also trend indicator macd is supporting same trend right now. As per Elliott wave projection it shows possibly we are in wave 3rd of wave 5th on daily time frame, which is a cautious sign...
NSE:CNXMETAL seems to be breaking out in 3rd wave of Bull Market. And ready to scale New Highs. It is resembling the pattern made in 2020 before mega Rally. Will The History Repeat? I guess so. The Technical Patterns repeat because the Stock Market moves are driven by Human Emotions. And Human Emotions never change. And hence the Chart Patterns work.
Trend indicator macd for SAIL is turned negative now on daily time frame, also with price closed below 20DMA along with follow up seen in today's session, price retraced up to 50% Fibonacci level of recent fall and turned back towards south. Also, possible Elliot wave counts are suggesting correction is pending ahead, if our counts are going correct then price can...
Crude oil is looking Bullish ahead Reasons are mentioned below Inverted head n shoulder Neckline Breakout Price taking support from RK's Mass psychological cloud and RK's stopline in daily time frame Possible wave counts on weekly chart Possible wave counts on Daily chart Possible wave counts on 4 hourly Possible wave counts on 1 hourly Price...
Timeframe: Daily NSE EICHER motors have accomplished the corrective wave (4) and started forming impulsive waves (5). The price is currently forming sub-waves of the impulsive waves (5). Wave (2) was a sharp zigzag, so wave (4) formed the choppy structure triangle. Since wave (3) was an extensive wave, we cannot expect wave (5) to extend with a high...
Timeframe: 8h Price started to form impulsive wave C after Bajaj Finserv completed correction wave B. There is also the possibility of altering the count with W-X-Y. Wave (b) retraced 50% of wave (a), which signals intense supply pressure. If the price breaks wave (a) at 1621, traders can sell for the following targets: 1594 – 1569 – 1549 . Calculations are...
The JPYINR pair has just broken out of a downside wedge (classical charting). Wave counts indicate a complete ending diagonal (Elliotwave count) with all subwaves visible. Moves following the completion of diagonals are fast and we can expect a quick move to the 60.00 - 61.00 as an initial target subject to the recent low of 54.63 holding