Nifty broken all the resistance levels which we have mentioned in our last update. Updated Elliott wave analysis explained in this video. so kindly watch video carefully.
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Crude oil has started moving forward since May. It will not stop here. It's just a WXY correction.
According to Elliott's wave theory, it has completed the sub-wave under the 4th wave. It's consolidation time. Crude oil prices may fluctuate between the range of 4000 - 5400 . Hence, long-term investors can keep buying crude oil.
So, what about short-term...
NSE:NIFTY
- Nifty index looks almost at the verge of extended 5th wave and showing sign of rejection at higher levels. Nifty is following a parallel channel and has broken short term bullish dynamic support.
- Based on the Elliott ABC correction waves, NIFTY can correct to highlighted levels in the medium term.
Banknifty looks bearish
Confirmation signal
Dancing lady power pattern
Market lies at supply zone
Market can come to fill the gaps
Market will face strong resistance at all time high authentic zone
Alll the details is given in the chart
Please follow risk to reward
Do your own analysis .
It can be wrong
It is only for fun😄
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Stock seems in impulse wave 5 and the previous supply zone should act as demand zone on retracement. That would be good entry for 0.618 and 1 fib level target as shown with fib low level as stop loss.
After a 5 wave advance the Nifty PSE index , is making a higher high. The implications are that the move upwards is not over and extending into multiple legs. 13 waves or 17 waves only time will tell. We know that it is not over and that is a good starting point.
The current price action clearly suggests that AUDUSD is rising updward in an impulsive manner & just finished it 4th wave. one should buy on cmp with SL of 0.73600. & look for the tgt of 0.7500 / 0.75500 as a wave 5.
Intraday traders and short-term investors can buy nearby sub-wave 4 of wave (3). NSE Eicher motors are making waves ((5)). We may see the following targets soon: 3005 - 3146 - 3223 - 3292
Invalidation: Wave 4 can never Exceed the starting point of wave 1.
Sub-wave 4 can't touch sub-wave 1 of wave (3).
If you have any queries or concerns, don't hesitate to ask...
DR REDDYS LABS (30 Mins)
Bullish Sequence
Confirmation to Buy @ 4680
Invalidation level @ 4652
Intraday Target: 4700, 4755 NSE:DRREDDY
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 markets including Equites,...
The current price action has formed a bullish triangular pattern which suggests that one should go long with SL of 67$ & look for the target of 71$ -72$
