Hindalco - WaveTalks- Proposed Triangle (D-Wave Upside)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
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Break of the Rising Channel Upside - Look for Targets 115-120 zone. Remember, if you can't hold your trades then you should book partial profits in between
Plan B
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Portfolio Stock - Best Buying can be seen in the 115-120 zone for below-mentioned targets later
Target 1 - 145
Target 2 - 175
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Plan C-
In case of stock crosses 175 & 220 highs then it goes beyond 300+ in months & years ahead.
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Previous Ideas can be checked from TradingView Profile Page
in.tradingview.com
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Thanks for watching this video & Thanks for your precious time. Have a wonderful week ahead.
Elliottwaveretracement
Elliott wave analysis on relianceAfter completion of B leg of Flat correction it seems reliance has resumed C leg. Two types of entries are possible in this scenario
1) We wait for retracement of wave 1 upto 61.8% levels and after confirmation intiate short position
2)We enter short after close below the end of wave 1
SL in both case will be invalidation point above which we will have to reassess our wave count.
Expected Target for wave 3 will be 161.8% of wave 1
Counts will be updated as the waves are unfolded untill that possible levels are plotted on the chart.
Trading is a game of probabilities. Always before initiating a trade wait for the position to reach levels and initiate position after entry criterias are met. This is an educational post. Trade on your own risks.
Nifty #Elliot 4th wave retracmentConsidering 1st wave at 8840 after sharp correction to 7600,
2nd wave corrected to fib 0.618 level to 8070 ,
3rd wave have raised sharply to 9300,
4th wave correction 0.236 level 8571 and possibility of 0.382 level 8360.
5th wave can be expected to raise 1.618 level of 9500 before correction for wave A.






















