Nifty in Final Z wave of complex tripple three correction. While coming down it is always making abc corrections then they are getting converted into double or tripple three correction internally in this triangle like structure. The last wave Z itself is complex, currently can be said to be in double three correction with a and b done. c of y can turn to ending...
If you are long 1454 is STOP LOSS, If you want to go for SHORT, SELL only when it's a breakout from the CHANNEL pattern. BELOW 1454 LEVEL. And as per ELLIOTT WAVE, it seems completed a 5 impulse WAVE structure since it's the INCEPTION. So Next ABC correction pattern.
NSE:LINDEINDIA seems to be in rising channel and here is something which might seem relevant to its rise.
IN CASE OF WAVE 5 STOCK HAS 2 POTENTIAL TARGET OF 5450 AND 6350. IN CASE OF WAVE X IT CAN GO UPTO 4850-4900
NEW IMPULSE OR ABC ZIGZAG?????AS OF NOW A DIAGONAL PATTERN HAS FORMED WHICH IS CURRENTLY BEING RETRACED.WHERE IT WILL END??? PRICE CONFLUENCE COMES @1471.80(61.8% RETRACEMENT OF WAVE 1 OR WAVE A) -1468(1:1 WAVE AEXTENSION ALONG WITH PARALLEL CHANNEL LINE).THIS DIP SHOULD BE USED TO ACCUMULATE IF ANY REVERSAL CANDLE APPEARS NEAR PRICE CONFLUENCE LEVEL @1466-1470...
TATASTEEL HAS COMPLETED 5 WAVE'S OF IMPULSE.IT SEEMS LIKE CURRENT CORRECTION HAS TAKEN FORM OF ABC ZIGZAG AS WAVE A DROP IS RETRACED TILL 61.8% COMING@ 911.50.YES PRICE DID CROSSED THIS LEVEL ON THE UPSIDE BUT FAILED TO SUSTAIN IT ON CLOSING BASIS,INDICATING END OF WAVE B.IF WE GET BOUNCE TILL 900 THAN STOCK SHOULD BE SHORTED AS CANDLESTICK IS ALSO SORT OF...
CASTEX is trying hard to get fundamentals strong for the company well before the Electric Vehicle boom acts out in coming years. No doubt its a very risky stock but what's the harm in watching what it's doing. Observance develops patience and patience is the key for the market.
Eicher Motors Bullish Sequence above 2404 level 240 Mins Chart (log scale)
Details in chart DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors...
U.S. Dollar / Swiss Franc FX:USDCHF
NSE:MOREPENLAB has completed its corrective structure and given a breakout which it will retest and then wont look back in few days to come. NSE:CNXPHARMA is gaining pace and hence most of the Pharma stocks. A new rally is in motion!
L&T FINANCE HOLDINGS Bearish Sequence till 80 to 75 odd levels Daily Bar Chart (log scale)
SRF LTD Daily Bar Chart (log scale) Neutral Sequence Accumulation Zone at 5896 to 5749 odd levels
Details on chart Uncharted territory GO for 5 -10 % profit SL - as per your comfort