First SHORT Target 1623 NEXT First LONG Target 1878 Second Long Target 2037
SPY LOOKING FOR CORRECTIONS IN THE COMING WEEKS
Nifty went below channel a tail can be seen right below channel drawn. Expecting wedge pattern to end by Throw over above channel 15500-600 could be zones to watch out for. Dip can be expected in zig zag fashion towards 15200-100 levels. Just for study purpose only and should not be interpreted as a proposition to buy or sell in any securities.
Axis Bank at CMP 740/- ooks like Wave 5 has ended and the correction should take it down till min 700 levels. SL can be red line i.e. 765/-.
After a long consolidation for almost 6 months , finally the stock has given a breakout of the triangular structure. Assuming wave (e) completed around 1655 , Indigo is ready to give an upthrust out of the bullish triangular wave. One should buy the stock on cmp and add on dips (if any), maintain the SL of 1655 which is the area of wave(e) and look for the...
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION ! Reward is 8-10 times . Regards @MohitArora
Hi. I'm publishing this post as part of my self learning. This is purely published to get critical feedback from the community members. Please do not trade basis this analysis. If you choose to trade, the same shall be at your own risk. Please do share your feedback and point of view on how this can be improved upon. Thanks
Elliot Wave formation in TCS , wait for support market as 3 and good to go long .
My previous analysis is still valid. Just the correction is being extended. Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking trading decisions.
Tomorrow it may open above today's high and resistance can force the price down towards 15100 level. Banknifty update:
Buy with sl of 1800 closing basis for target of 1950-1965 region ! Be careful as this is the terminal thrust for the current trend.
All details given in figure.