Wave C is expected either be a ending diagonal or zig zag going down in the channel as shown. Once this move is done near 15580-50 levels another big move UP will take place. Target 1 level as you can see 0.618 Fibonacci retracement near 15580 or 1.382 fib extension of Wave A. Target 2 level is 1555 is 1.618 Fibonacci extension of Wave A DISCLAIMER:There is no...
Buy with SL of 119 & look for the target of 130-135 / later 140
CORRECTION WAVE COULD TAKE IT TO 600
NOW COULD BE A START OF THE NEXT CHCLE OF ITC
With a long-run prospect, stocks look in the consolidation zone. It is consolidating in the channel indicated by the red trendlines. It is expected that the stock will face strong resistance at the level of 252. Above 252, it has to break the resistance of 315. It may retest from these levels. It will become unreliable if it breaks the bottom trendline....
super cycle degree-white cycle impulse-yellow, cycle correction-red, primary impulse-blue currently we are in super cycle degree wave 3 which is supposed to be most powerful impulse,hence as an individual one should always look to buy this stock be it for intraday,swing or positional trading as higher degree will always have bigger impact on price movement. In...
ITC is taking base from 199 and has completed 12345 and ABC pattern from March low. Since then it has restarted 12345 and ABC patern again. Curently in minor corrective wave ii of wave 1. Once this gives a reversal which is likely to happen above 200, then target is at least 240.
Currently in minor wave v of wave primary wave 5. At least should be breaking the high of wave 3 which lies at 420.
Final part of up-move is in progress from day low. It is an impulse and wave 1 2 completed and wave 3 is in progress. Once this impulse completes, wave B of (2) also will be completing. After then, we can expect good fall for wave C of (2). BankNifty update: Disclaimer: This is just my personal view. You are advised to rely on your own analysis while taking...
Mothersumi has completed corrective wave 2 in wave 5. And now embarking on wave 3. Assuming conservatively wave 3= wave 1, target is 297.
Wave (2) is still in progress and wave B is about to complete in 1-2 days. Banknifty update:
FIB EXTENSION TAKEN FROM SECOND IMPULSE WAVE AS THAT WAS THE START FOR DCB SELL OFF IN 2020 AND BECAUSE FIB EXTENSION IN THIS REGION MATCHES SUPPORT RESISTANCE THE MOST WE CAN NOW SEE ITS IN A CORRECTION PHASE GOOD PRICE TO ENTER IS AROUND 94-95
Linde India is bottoming out near 20 week average and 38.2 retracement level cluster. From Elliot Wave perspective, the next move should either be 5th Wave or an explosive iii of 3. Targets and Stoploss marked on chart. PS: Not an investment advice.