GLENMARK PHARMA 2 DAY Time Frame Next support is at 488.75 level, wave A still in play NSE:GLENMARK
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...
Coal India is forming ED(rising wedge pattern). It will go up for W5 and then will fall sharply till W2 bottom
once BNF moves above 35663 price point and sustains, can take a long trade for today high as T1
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...
Will the entire structure being created be an ED with wave 1 extension. Its kind of a quiz .But only market knows the truth . Regards
NSE:NIFTY Nifty 50 Sideways Corrective Structure, wave 4
(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 .
View the chart for analysis. BankNifty analysis:
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,...
Detailed Levels on Chart.. It could give 40-50% returns from here.. Start SIP in it..
This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal, a swift & a sharp...
Since making a panic bottom in March 2020, Indian Markets, along with rest of the globe, have rallied in an impulsive fashion. The entire up move can be plotted as a five wave impulsive structure. The wave counts here also coincide with the prevailing social mood and the level of broader participation which has progressively increased with every successive up...
Adani Total Gas is now in Elliot 3rd wave, which is a very bullish sign for the stock to travel a long distance.