Stock is making a diagonal pattern, (should be treated as leading diagonal) . Anticipating a bottom formation one should go long on the stock on current levels with SL of 320 (clbs) and look for the target of 410 and 450 .
Stock is has formed a bullish flag pattern on weekly chart being the support region near 850 zone & resistance area at 1000 zone. Any sustained move above the level of 1000 will lead the stock to the new highs in a very sharp upside rally. Stock is consolidating from last 1 year , so the momentum after the breakout wil be strong. Trading strategy: Buy above...
Stock is rising in an impulsive manner and the current fall can be taken as a zig-zag 4th wave correction. One should go long on the current levels for investment purpose and look for new all time highs as targets.
After breaking the parallel channel, the price entered the value area. Price has started a seller initiative by going out of the price zone. Buyers responded more to sellers' initiatives with an excess. At this juncture, the price has entered the value area. The lower band indicates the demand pressure. If the price does not stay above the lower band at 17250,...
Price has broken down the wave (a) at 382. We can see a corrective channel, which has held the corrective structure. Wave c can travel for the following targets: 360-356-342+. Price has also created the head and shoulders pattern, and the right shoulder has broken down the neckline. Impulsive wave will start after the breakout of the corrective wave...
ICOMODEX ENERGY is forming an impulsive wave 3. Price has finished the corrective wave (iv)of wave 3, and the price is forming an impulsive wave (v) of wave 3. Price is about to make the last leg v. If the price breaks the high of w. iii, it can make an upward move of 7135 - 7290- 7355 -7477. After the accomplishing of wave 3, the price will fall and break...
Nifty completed today one five wave sequence up at 17220 then in b or wave 2 correction. Tomorrow any dip below 17000 to 16980 will get bought in for upside towards 17360-540 levels. Gap up opening or move above 17100 will be first confirmation of rally 2nd confirmation will be swing high 17175 break. DISCLAIMER:There is no guarantee of profits nor exceptions...
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern. TRADING STRATEGY: Buy Crude oil :...
Crude seems to be in expanding flat correction as wave A of B is clear 3 wave structure and B wave moved past start of Wave A. Wave C of B is extended 2.618 fibonacci levels. Wave 5 of C of B is getting rejected at 0.618 fibonacci level also MACD have given negative crossover these are couple of negative signals. Break of swing 88 will confirm downside as it...
Targets: Traders can initiate short positions for the following targets: 2400 - 2376 - 2301 - 2279 BUT DON'T TRADE BLINDLY . Read this following research to get how it is making selling opportunities for the intraday traders. PEL is forming a double combination pattern on the 4-hour timeframe chart. Price has constructed LL(lower-low) and LH(lower-high) to...
Keeping SL of 0.71852 one should go short on AUDUSD for tgt of 0.70550. It looks like pair is corrective in a three wave fashion after formation of a leading diagonal.
Stock looks to have completed Expanding Triangle pattern in wave 4 and have bounce after taking support near 3700. On longer term horizon stock is making rounded bottom pattern which after completing should make cup and handle pattern. Wave 5 targets Entry and stop loss as per charts. DISCLAIMER:There is no guarantee of profits nor exceptions from...
Even in such weak market the stock did not fall which indicate strength Wave 2 is about to get over Wave 3 is waiting for us to ride Follow stop loss and enjoy
Hello Friends, Here is Bank nifty Forecast as per Elliot Wave Theory Buy Bank nifty near 39000 to 39200 with Sl of 38700 clising basis for the TGT of 40200 and 41900. Happy Trading
Tata Chemicals Limited is an Indian global company with interests in chemicals, crop protection and specialty chemistry products headquartered in Mumbai, India. CMP: 944.05 Target: 976-1003 In Tata Chemical Sideway trend completed also given breakout and form 1st Elliott Wave. Best for Long term. For Intraday On 31st Jan 22 Watch opportunity to buy. ( Must...
Crude oil is forming impulsive waves ((5)). After the completion of wave ((3)), the price had started complex running flat of the corrective wave ((4)). Wave B has crossed the high of wave ((3)), but wave B couldn't break the low of wave A. Price has made a failure of swing low, which was a rejection of a downtrend, and crude oil gained momentum. Price has...
ACE construction is forming a contracting triangle of waves ((4)). To draw parallel lines, I have connected wave ((2)) & wave ((4)) and merged with wave ((3)). Wave ((1)) - Five wave impulse wave ((2)) - Sharp correction - 50% retracement of wave ((1)) Wave ((3)) - Five wave impulse - Power extend Wave ((4)) - Contracting triangle - sideways...
Nifty enter more consolidation phase as wave Z looks have started will take 2-3 days more. Broken and closed above 0.382 fibonacci levels today next aiming for 0.618 fibonacci level at 17770 Bearish view will get activated as soon as breaks 17244. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart...