ICICI BANK GAVE BREAKOUT OF 613 IN TODAYS TRADING SESSION.NOW AS PER NEO WAVE IMPULSE RULE IF ANY PREVIOUS DECLINE IS FOLLOWED BY EQUAL OR HIGHER LENGHT OF RALLY IN LESSER TIME THAN THAT OF DECLINE IN QUESTION THAN WE CAN ASSUME IT TO BE START OF NEW IMPULSE. BUY@619 SL@590 TGT@666 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The...
NIFTY 50 INDEX SIDEWAYS CORRECTIVE STRUCTURE
I tried to give higher probability for coming 2-3 days based on Nifty and Banknifty's the current wave development. Banknifty's detail:
MACD has already given a sell signal at 17. Signal confirmed if price breaks the support below 16.70 to 16.50 Hence the sugar rally is likely to take a breather under corrective wave C.
Wave (2) is in progress and there are possibilities that which inner wave is in progress - either wave C of (2) or wave B of (2). Once wave (2) completes, there will be strong up-trend but if current wave is wave B of (2) it may take some time for wave (2) to be completed.
At present wave B of (2) is in progress. Fall to 14416 ends the wave (2). If there is any up-move from here, it will be part of wave b of B of (2) and may test 14970 level.
Glenmark is expected move in expanding Leading Diagonal. V wave of leading diagonal always moves beyond end of wave III. V wave expected to move minimum 100% of length 0 to III somewhere near 1400+. Most likely to 138%(1.382) or 168%(1.618) which are near trend line. The prospects and analysis are for long term if anyone wants to keep stop loss then they would...
3 potential entry points for XRP. 50-50 Diversification. If xrp breaks both the wedges, the next target will be $1.83
This is Nifty 2hour chart. From 15431 its looks like complex correction is going on and its still not completed. As of now from 15044 last abc is going on and in which a and b is completed at 14416 and 14967 respectively and wave c started from 14967 may complete below 14151 to complete triple zigzag correction started from 15431. Have a Profitable trading..
After a long consolidation, stock has successfully broken the resistance with big volume. One should look for buying opportunity near the neckline which should act as a support and look for the upside targets. Investment strategy: Buy cmp , add on dips near the neckline , maintain the SL of 1050 and look for the target of 1340 (measured tgt for cup & handle) ...
Nifty shows bullish trend as per Elliot wave analysis and may head to break 15000 mark by the end of this month.