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.
Nifty shows bullish trend as per Elliot wave analysis and may head to break 15000 mark by the end of this month.
CURRENT STRUCTURE:WXY DOUBLE CORRECTION CURRENT LEG:WAVE Y SUB WAVE C COMMENCEMENT WAVE Y TYPE:EXPANDED FLAT TARGET ZONE PRICE FOR WAVE C OF EXPANDED FLAT : 290-280 MACD NEGATIVE CROSS-OVER SUGGESTING DOWNWARD MOVEMENT IN NEAR FUTURE. AVOID LONG TILL PRICE HIT'S 290-280 PRICE ZONE.SHORTING IS NOT ADVISABLE AS RISK-REWARD IS NOT FAVORABLE. ALSO IF CONSIDERED...
Three white soldiers formed on weekly chart. Dip towards 75-73 long opportunity 5th wave expected to be extended reaching anywhere between 1 to 1.618 levels. If channel drawn on iii and iv gets broken aim for 1.382-1.618 levels. Other details on chart DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the...
An impulse from 22nd April is completed and correction is in progress. Detailed wave count from 14966 :
Did some chances from my previous analysis. It is an impulse as wave5 from 19th April and inner wave 1 completed and inner wave 2 is in progress. Detailed wave count for fall from 33297 level:
Nifty came down in Zig Zag wave with C wave reaching 14650. This is important support near trend line, interestingly that is near 0.618 Fibonacci level Until 14782 gets broken there is no upside confirmation. Once breaks will attempt new high as 1.618 Fibonacci extension above 15550+ or minimum 15210+ Bearish below 14460 so 14782-14460 is no trading...
after a zig-zag correction the stock has given a breakout over the channel . One should buy the stock from the current level maintaining a SL of 380 and look for the target area of 435/460.
Sell on rise near 225-30 region with sl of 238 or sell below 210 keeping SL of 230 AND look for the target area of 195/175
After long term correction, stock has given a breakout of a long term downtrend line & restested as well. On observation we can find an inverse Head and Shoulder pattern. The prices has given a breakout above the neckline of the inverted H&S with strong volume on weekly chart. On the perspective of wave analysis, we can clearly count the up move from the bottoms...
Nifty is unable to decide its position and forming various Doji's and for me markets going to correct now as per Dow Theory principles. Nearest Support will be 14750, 14673, 14570 & will face resistance near 14928, 14979, 15044.