Rest of this year belongs to PHARMA now!NSE:GLENMARK has upside to witness further after it broke all time high.
The 45MIN chart here shows support area to which it will test its fall and reverse from the "Box of Price Reversal"
Elliottwaveprojection
What RELIANCE is Upto? Will Keep inside the Channel for Weeks!BSE:RELIANCE is correcting its Up move of last year if not the one of Decade!
Either way it will keep Oscillating between the Channel Lines for weeks to come!
This is an Update on the Idea published on Reliance some time ago.
Airtel to start 5th WaveAirtel 2nd wave was shallow but 4th is deep zig zag and 3rd wave is normal went upto 1.618 that is 622. 5th wave minimal target 0.618 is 641 but would get extended 100% or beyond as well. Signs of extension will be 641 break and channel drawn 3-4 break.
Long on any dip towards 530-515 with stop loss 499.5
Top of wave 1 is 481 ideally that should be stop loss.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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BTC : ABC WaveThis is likely to be a C wave structure, once it’s breakout the diagonal channel it is likely to fall at 42000, before that I have drawn few minor support levels
Bajaj Finance forming Weekly Hammer and to start 5th WaveBajaj Finance in wave 4 made double zig zag(wxy) and took support in zones 0.5 and 0.618 fibonacci level wave 2-3.
On weekly chart hammer is geeting formed which is trend reversal sign still one day left to complete week.
3rd Wave didn't went above 1.618 so its not extended so as one (sometimes two) of the wave five waves gets extended.
5th Wave least target new high which is equal to Wave 1 6400 or bit more 0.618 fibonacci extension of wave1-3 viz 6900.
Most like 5th would get extended till 100% or more of wave 1-3 length target comes around 8400.
STOP LOSS Should be 4000 which below 0.618 fibonacci level or in case it forms tripple zig zag and comes down again to test 0.618 fibonacci then Top of Wave 1 which is 3749
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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UBL In Tripple Zig Zag correction countFrom chart one can easily spot W=Y=Z.
Stock has taken support at lowet channel formed hammer candle on weekly and daily charts.
X wave coming down has broken channel on downside which is shown by excess tail of hammer. So on account of this good chance of breaking uppar channel as well so targets 1470-1500
Strict small stop loss 1051
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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Nifty-What A Crack-600 Points -Double Bottom at 14250Buy Only Above 14300 for Target 14500/14525
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Last Video Idea - Nifty The Choppy Structure
Nifty - The Choppy Structure 10th April2021Trading Strategy
Buy if Index halts or stops in the zone 14790-14810 for short term upside move 14880/14925
Sell if index halts upside in 14925-14950 with strict stops above 14985
Strictly Avoid any selling if Index crosses above 14985/15000 levels.
Thanks
Pattern Formation on Chart of Natco Pharma! Upside PotentialNSE:NATCOPHARM
Observations well explained on the Chart.
I see a huge upside in Natco Pharma.
The simple Cup and Handle formation is in the process.
Hope to see it does what I made in the chart.
Predictions are merely for education purposes.
Gujarat Alkalies Flag formation and start of Wave 3Stock in flag consolidation since long time and on verge of breakout.
Long near 360-70 with Stop loss 302
Minimal target 512-15 of Wave 3 or C.
Agressive targets posted as Wave iii can be possible as consolidation is quite high
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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Ashok Leyland Eyeing New All Time highAshok Leyland has completed wave 4 and looking to head towards new all time high 170+
Long near 120 with stop loss 107
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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Nifty C wave Pending of FallNifty short near 14730-40 zone where 2 of C is expected to complete with SL 14780.
Or on confirmation fall 14649 break for downside target 143360-200-100
3-4-5 waves are imaginary and can change
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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Astrazeneca starting 5th WaveStock moved 14% last session with 2931 stop loss we can ride 5th wave for given targets on chart
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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Info edge 4th wave double or triple correctionInfo edge could be completing 4th wave correction or may give final correction in Z wave till 0.618 fibonacci level.
Other details on chart. Since exact end of 4th wave not know so Swing low would be stop loss
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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REC in Pitchfork PatternREC moved in channel formed by Pitchfork pattern.
It appears Tripple zig zag correction WXYXZ going up.
Entry near 125, stop loss 91.7, target 190
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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Adani Enterprises 5th of Wave ASell on 977 break for 947. Stop loss will be high of previous candle breaking 977.
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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Tata Steel Ending diagonal in 5th WaveTata Steel started fresh impulse post march 2020 lows. It had retraced deep from previous high 748 to 250 levels.
Currently 5th of Impulse is ending diagonal with upside range towards 893 and all time high 902.
If breaks 902 which is tough if will head towards 1100 chart may be re posted with updated targets
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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JSW Steel Extended 3rd and 5th Waves and Channel ResistanceStock has spectacular rally after March 2020 lows due to extended 3rd and 5th Waves.
The channel has been drawn between mar 2020 lows and previous all time high.
Now V of 5th is ending diagonal and Negative divergence seen on MACD.
Break of lower channel line of ending diagonal would confirm downside which is expected to go 0.618 or more.
Alternative to this analysis If stock moves past 460 it can head towards next Fibonacci extension points 485/524
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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Asian Paints 5th wave startingLong zones 2500-2400 stop loss 225
Target 3100-3150
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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IFB Industries 5th wave Long near 1070-1100 SL 970 target 1700+
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study 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.
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