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.
Elliottwaveprojection
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.
ICICI Bank - Target Upside 380 & Above 380 for 410Disclaimer
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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.
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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
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.
Elliott wave projection / basic of wave Hello! Friends,
I can with new research an idea but, before to start talk about technical Let's share your LOVE by giving me LIKES and COMMENTS. Thanks in advanced.
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All in chart no need for description...
Thanks...
TataSteel -Playing The Wedge(Holding Above 337 look for 343/348)Disclaimer
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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.
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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
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Last Tata Steel Wave Count on the Larger degree
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Thanks & Regards
Bharat Dynamics Explosive volume What next?Stock made its explosive move towards 1.618 fib level 380 from wave 2 and completed 3rd wave, extension 2.618 (478) is less likely.
So fall to 0.382 or 0.5 fib levels expected in coming sessions.
Sit tight and wait for entry near 315-295 target 400 Stop loss
Nifty-10300 to 10550-An Awesome Run Upside- Is It Done & Out ?Disclaimer
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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.
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The Last Nifty Idea - Buy Above 10300 for 10550
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A Question which you need to ask yourself - This Time I am not giving any direction. You need to suggest what you think about Index with your own charts.
Pour in your answers with awesome charts. Let us have a constructive talk.
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Cheers & Best Wishes
ITC - Bearish Gartley Final leg Pending 205-207 Target Disclaimer
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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.
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Current Snapshot/ Photo @ 11:59 Hrs / 30th June 2020 – Expected Buying Close from 195
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TradingView Status Update at 11:55 Hrs / 30th June 2020
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11:55 Hrs / 30th June 2020 -ITC Stock Update- Buy ITC If Holds 194.70-195 Zone - (Don't Take The Trade if Goes Below 195) -Upside Target 200 -Above 200 -Look for 205-207. Publishing Video Idea on TradingView
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Trading Strategy
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Plan A ( Short Term Buy )
Buying Close From 195 for Target 1 - 200 / Above 200 Level- Target 2 – 205-207
Which will complete final leg in the Bearish Gartley upside
Plan B (Short Term Strategy- Sell Later)
Getting Resistance in 205-207 Zone once Plan A is targets achieved- Traders can plan for Sell later – Downside Targets
Target 1- 200
Target 2-195
Target 3- 190 & More on downside later to be reviewed next.
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EW analysis on Nifty- Are we heading downwards?After an impulsive move from 12430-7511 we saw corrective move in the form of Zig Zag correction from 7511. It seems wave A took form of leading diagonal followed by B wave (3 wave correction-zig zag) and then C wave which is generally 5 wave move. On closer inspection of C wave it looks like it is near completion range. It is better to stay cautious on long positions.
Nifty -Possible Leading Diagonal-Selling from the Tops @10550Disclaimer
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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.
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Leading Diagonal (Type 1 Diagonal) Question in Level 3 CMT Exam
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Real-Life Story - In 2015 - Got Question in The Final Level 3 -CMT Exam - What is Type 1 Diagonal which I got a logical solution just by connecting the pieces & thinking about Ending Diagonal (Type 2 Diagonal) which ends the structure whereas Leading Diagonal (Type 1 Diagonal) starts the structure- helped me to crack the question.
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Questions which we need to ask ourself in the current scenario - Is this a Big Leading Diagonal from 7512 to 10552 then also deep retracement is possible & holding 7700-8000 zone with minor supports 8800-9000 can open the extreme bullish scenario
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Trading Strategy
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Selling From 10540-10560 as suggested in the previous video ideas & status update or Sell Below 10300 for 10000 / Below 9950 for 9700-9725 / Below 9700 for 9550 -More on the downside if 9500 gets broken
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Reliance-Wave Talks Part 2- Careful at 1600 Highs/Nifty/DowJonesDisclaimer
-----------------------------
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.
Saturn when about to enter Capricorn in Jan 2020 - Had resulted into Global Pandemic- Covid19 (Corona Virus) - Saturn Moved out of Capricorn in late March 2020 & resulted in Global Index bounce almost retracing 80% in Dow Jones & SP500 & price-wise it has done very similar activity as it did 90 years ago in the 1930s
Now, Saturn retrograde (reverse) (July-Dec 2020) -if planets are going to repeat the same path -it is very obvious that the same set of activities shall be repeated by all of us.
My dear followers, I would suggest only one thing to be cautious at every push upside. Don't trade using emotions -Let market show you the next way round - So, get ready for yet another exciting journey.
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Trading Strategy
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Plan A ( Long Term Analysis)
Selling From The Tops for 1395 / Below 1395 for 870
Plan B (Short Term Strategy- Sell)
Holding Below 1800 Levels Strictly - Short Term Sell for 1750 (Target 1) / 1700 (Target 2)
Plan C (Short Term Strategy - Buy)
Buying if holds 1700 & close by levels for new all-time high 1800 (Target 1) / 1850 (Target 2) ---Follow Plan A (Long Term Strategy) once tops form
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Balkrishna Industries in 3rd wavePositional mid to long term 1100-1200 with final target 1520 if wave structure remains ideal.
Depending on wave 4 movement wave 5 target will vary.
Stop loss can be below 990. Follow and like my smart-work :)
Nothing is for sure in the world of stock market thing can go opposite any time. Ask your financial advisor before investing.
Auropharma - B- Wave Shift Can Cause Havoc 790-810 Disclaimer
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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.
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Trading Strategy
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Plan A ( Long Term Analysis)
As suggested several times 790-810 is the danger zone so you better be careful as any small indication of the fall below 810 can take this stock deep down which will be reviewed later
Strictly - No Selling if crosses above 810 levels
Plan B (Short term)
Any move above 810 - You can expect upside push to 830/840 zone but strictly above 810 levels only
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Nifty for 19th June 2020
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Review of 18th June 2020
Intraday Push of 100 points above 10000. Hope you enjoyed.
What Next - 19th June 2020
Have Bearish Gartley Structure at 10100 Levels Exact
Plan A
Selling Strictly below 10100 levels for 9950 -Target 1 & Dropping below 9950 -Expect more on downside
Plan B
Moving Above 10100 - This harmonic pattern -Throw away & expect 10170-10200 as suggested earlier -strictly above 10100 levels
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