USDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2760 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.27650 for the tgt of 1.2400 / 1.2250 and 1.2000
NSE:ADANIGREEN Long above 922 level, Ending Diagonal in play
CRUDEO OIL FUTURES (SEPTEMBER FUTURES) BEARISH SEQUENCE, 45 Mins TF Confirmation to Sell @ 5080 - 5075 odd levels Invalidation level @ 5159 BTST Target: 5030, 5010, 4990 Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities...
We started to write about the ending pattern ni the Nikkei in late July, but if time was a science we could have said it will take another month to complete. The pattern did not change only the point where wave e ends did. We now have a breakout and a strong rally for Japanese stocks as the next impulsive rally begins. Japan longer term is a turnaround market in...
A small correction is in progress. After that, another up-move is possible. BankNifty:
After 2 failures to hold on to the upward trend and corrective rallies, it is clear that this bull has no bones. The dollar index has been in a bear market since 2018 and each attempted rally has failed. This time is no different. The dollar bulls are about to make the most classic giving up of their opinion and they will do it all at once. It will be a meltdown...
In this 45min chart impulse wave started from 15513 wave (1), (2), (3) and (4) is completed at 15817, 15746, 16702 and 16376 respectively. from 16376 61% projection of wave (5) is already achieved and it is in extended zone. After completion of wave (v) started from 17055 nifty can give sharp decline towards 16376.
Axis bank is heading towards its all time highs in an impulsive manner. One should go long on cmp with SL of 750 & look for the tgt of 850
An impulsive rise from the recent bottoms & a formation of ending diagonal. one should go short with SL of very recent top i.e. 414 & look for the tgt zone of 398/380
Flat correction is in progress and wave B of the flat is completed at today high. BankNifty:
HINDUSTAN COPPER, Elliot Wave Outlook Bullish Seqnce, Daily Chart MarketCap: 11,546 Cr, PE: 104.52 Confirmation to Buy @ 113 to 114.5 odd levels Invalidation level @ 109 Swing Target: 125, 132, 156 Holding period: 1 to 20 days NSE:HINDCOPPER Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of...
MAHINDRA & MAHINDRA, Elliot Wave Outlook Bearish Sequence Market Cap: 89,821 Cr, PE: 49.56 Confirmation to Sell @ 768 to 775 odd levels Invalidation level @ 804 Swing Target: 726, 710, 681 Holding Period: 1 to 20 days NSE:M_M Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance....
potential elliot support resistance flag formation last month's high let's go
Nifty can climb for the new high and the price is trading under the wave (iii). The 16593 is important to level for the long positional traders. The closing 16701 above can boost the price new high for you. We can see more upside gaps. Note: I don't expect the price of 16593 below.
If the 4th wave crosses the resistance line then it is a good breakout but if it cannot make a breakout then it can go 2200 again as a 5th Wave.
Extending wave (5) should easily travel above 18000 and is likely to continue toward 18480. Target 1: 18000 Target 2: 18142 Target 3: 18350 Target 4: 18480 Stay tuned for the next update.
A steep fall which can be counted as 12345 impulse , suggests that vedanta stock is taking a correction in the form of a ZIGZAG pattern. The current rise looks like a corrective sequence of short term bearish trend which will complete this zigzag correction. One should look for short opportunity near 310 zone. keeping sl of 328 & target for the region of 260 /240 .