Larson & Toubro about to start Downward 5th Impulse wave which will be truncated. Stock did retraced 0.382 fib from march lows and looks to have completed Tripple Three Wave at 1025. Case 1: Upside looks limited as have made Three black crows and move towards 980-1000 is ideal short entry with SL 1025 or 1040. Then going towards 890, 860, 840, 692. Not...
After the panic fall bajaj finance made an ending diagonal as a wave c whose breakout given a massive upside rally. Current structure suggests that the stock is completing its 5th wave of 1-2-3-4-5 upmove as an ending diagonal. So one can short it on a rise near the level of 3810-20 with SL of 3150 for the target of previous 4th which is 3150.
After giving a retracement from the level of 588 stock has corrected to 50% of it previous wave & resumed its journey as a 5th wave. One should be careful in the zone of 600 as there is a completion of 5 waves & we can see a sharp correction on a larger degree.
Analysis mentioned on the chart.
The present support zone will act as wave 4 where the internals have a-b-c waves , being wave a = wave c . If the level intact, the price will move up as depicted on the chart.
Nice Risk To Reward Ratio. . .
After a breakout from an ending diagonal, stock of PVR reached it ultimate target that is the starting of the ending diagonal. It is obvious that this is an area of profit booking. The fundamental condition of the stock also suggests that there is not much possibility in the future results of the company. Sell position must be taken for the targets of...
Heavy Short selling can be seen if failed to sustain the level of 1.7500 and it will bolster the view if prices slipped below the level of 1.17000
analysis mentioned on he chart.
This view is not valid below 2060-level which is the key level. Till the time stock holds above 2060 -We can expect 2200- upside target. Target Upside - 2200 Stops Below 2060 -------------------------------------------------------- 31st Aug 2020 -------------Day Started with the Fall After Completing -Wave-D Upside at 2160 Approx...
Analyze And Understand This Very Important Chart Deeply ! :) NSE:BAJAJFINSV
I think this count is High Probable & that's why this is my Preferred Count. NSE:UPL
I think it'll terminate, which is high probable scenario...
Great Upside Opportunity !!!
Beautiful Picture And Beautiful Risk To Reward Ratio !
Bank nifty sharply corrected today after extending wave 3 exactly 2.618 Fib level. Today it corrected to 23385 which is near to 0.5 fib levels 23250. Closed above major support 23605. Based on this we can conclude that despite big fall it didn't break impulse wave structure and likely to go up. This analysis will be invalid if touches 23211 then we may be...
BUY ONLY IF THE LEVEL OF 480 HOLDS FOR THE TARGET OF 520/545. AND Finally reverse the position for the retracement of this extended rally for the target of 450/400/370.