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Elliottwaveprojection

Minda Industries Leading Diagonal end Wave 3 StartStock post breaking Leading Diagonal started upside with big volume. Long all dips towards 330-310 Wave 3 has started which should move towards 400-420 (1.68 Fib level) zones. STOP LOSS 277 In longer horizon Wave 5 (equal to Wave 1) positional target 475. Wave 4 will be complex and long correction towards 365 (0.382 fib level). Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
MLong
by Niftydirection
6
Tata Steel Downward Parallel Channel breakout on Weekly chartElliot Wave Analysis of Tata Steel with Fibonacci retracements. Currently in wave A of parallel channel correction or about to end Wave 3 of Impulse start of wave 4. Daily chart shows shooting start on 11th Aug and on 13th Aug resisting 430 levels. Tata Steel Downward Parallel Channel breakout on Weekly chart. Testing Trend line drawn from wave 1 start and wave 5 start. Safe Trade 1 - Short on close below 409 on 15 min chart SL 415 target 405 401 Risky Positional trade Short all bounces towards 420-435 SL 443 Target Fib levels for downside 0.236 Fib level = 388 0.382 Fib level = 361 (most likely to come) 0.500 Fib level = 340 Disclaimer: Calculated and plotted values may differ little with actual stock movement. This investment/trade may not be suitable for all investors/traders. Do your own study or ask your financial advisors before investing/trading.
NSE:TATASTEELShort
by Niftydirection
9
A good stock from the pharma sectorAfter the initial euphoria surrounding the remdesivir medicine, it seems the stock has consolidated well and is moving in range for some time now with lack of volume being observed. The stock is now close to giving a breakout anyday and with another 4 days of trading left this week lets hope for the best we get to see it this week. The charts are clearly marked for the breakout and initial achievable targets as well supported with volume. The setup would be irrelevant if stock breaks 628 on closing basis.
NSE:CIPLALong
by VigneshIyer
Reliance Extended Third Elliot Wave Reliance continuous run-up with extended(3.618) 3rd wave to end near 1997. Volumes are dropping suggesting it may not extend beyond 2000 levels. 4th Wave should start from there which could end between 1625-1570 zones. It has also formed inverse head and shoulders pattern which post breakout target 2333. All details marked in chart. Stock may not follow exact plotted numbers there could be small variation. Disclaimer: Trading based on this analysis may not be suitable for all investors/traders. Consult your financial advisor before trading/investing.
NSE:RELIANCELong
by Niftydirection
4
ICICI Bank - Target Upside 380 & Above 380 for 410Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------ Plan A - Buy with strict stops below 345 for Target- 380 / Above 380 for 410-420 (Not Valid Below -345) Plan B - Sell ----------If Stops bet 410-420 zone upside Target 380 / 347 /338 / 325 /287
NSE:ICICIBANKLong
by WaveTalks
5
Firstsource Solutions Third wave with Cup and HandleFirst source solution (FSL) looking for breakout from parallel channel. Third Elliot Wave has been started which can be confirmed by volume blast. Formed cup and handle pattern which is near breakout point. All dips towards 42.3 - 40 are long opportunity Stop Loss 34.9 on daily closing basis. Check chart for more details. Third wave target 58 Fourth Wave target 47 Fifth Wave 61+ All details marked in chart. Stock may not follow exact plotted numbers there could be small variation. Disclaimer: Trading based on this analysis may not be suitable for all investors/traders. Consult your financial advisor before trading/investing.
NSE:FSLLong
by Niftydirection
TataSteel -Playing The Wedge(Holding Above 337 look for 343/348)Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. ------------------------------------------------------------------------------------------------------------------- Trading Strategy Plan A - Buy strictly above 336-337 ( Strict Stops Below 336) for Upside Target 343 & Above 343 for 348 Plan B- Sell Later close from 348 Highs - Target Downside - Target 1- 328 / Target 2- 312 / Target 3- 300 --------------------------------------------------------------------------------------------------------------------- Last Tata Steel Wave Count on the Larger degree --------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- Thanks & Regards
NSE:TATASTEEL
by WaveTalks
3