After an impulsive move AUDUSD should head south for a three wave correction. Keeping a SL of 0.72810 one should sell the currency pair for tgt of 0.72000
In this 15min chart currently nifty is in support range and it will hold this range then wave v targets are given in chart.
And If nifty breaks and trades below 16591 then next support range is coming at 16476-16336 which we have discussed in 30min chart of our recent video ideas.
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Current wave count as per my view.
Cycle : wave 2
Primary : wave A(In case of zigzag correction) or wave B(In case of Flat correction)
Intermediate : wave 4(In case of zigzag correction) or wave A(In case of Flat correction)
Primary 5 has taken a form of an ending diagonal with an truncated 5th intermediate wave.This is followed by 2-4 trendline and wave 4 low...
In this Nifty Elliott wave analysis video I have discussed nifty targets and down side breakeven points with detail explanation of wave count.
kindly watch video.
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The stock is moving in an impulse & right now it has just completed its 4th wave as a triangular stucture.
BUY HDFC BANK: 1555. SL: 1533 TGT: 1575/1590 .
Wave B is complex correction which retraced more than 0.618 fibonacci level of wave A.
Wave B can strech upto 16695 which is 0.382 fibonacci.
Stop loss of this analysis will be 16703 just a point above all time high.
Downside C wave targets would be 16400 or 0.382 fibonacci level retracement 16250.
DISCLAIMER:There is no guarantee of profits or no exceptions...
(W) is still not confirmed but the price is 401 can be possible for an upside move.
As per EW, very short-term traders can take long 404-407.5 in range with a protective stop below 401.
Last update on SBIN:
Volatile start for the week!
Gap up- downward trend in the first half - closing in positive.
Currently, we can see a symmetrical triangle and breakout/down can happen, with the immediate range of 16587 and 16373.
21 and 55ema are also closing in.
Option buyers should stick to buying ATM strikes and should maintain tight SL
Nifty wave A is 3 wave structure completed near 16376.
Wave B was zig zag correction moving more thann 0.618 fibonacci level of wave A.
Considering 16592 as top Wave C is expected to end in zones 16275 (100% of Wave A) to 16153 (138.2% of Wave A)
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal...
After forming a high of 501 stock is falling in a corrective manner. This correction should reach upto 50% of the previous rise i.e. 50% of the distance travelled between wave 2 and wave 3 . The correction can be extended to the previous 4th of the lesser degree i.e. the region of 300 zone .
TATA MOTORS LTD (TAMO)
Bearish Sequence
Confirmation to Sell @ 302.10
Invalidation level @ 305
Intraday Target: 299, 296
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, Derivatives,...
