Hi friends, Nifty has been in downtrend for a while. Recent price structure as per Elliot Wave Analysis suggests it can continue to drift down a bit further. But as per Elliot wave the current down move doesn't show any major reversal yet in Nifty. Key note is that >>> till major resistance is not taken out...all trades to be taken on the negative side in...
ASTRAZENECA PHARMA Weekly Chart (log Scale) Bullish Sequence Wave A completed at 3005 level, wave B in Progress next Target at 3978 to 4209 odd levels
VIEW: Crude oil appears to be ripe for down move... Structure/Pattern: Impulse + correction ==> Impulse ==> wave c/wave 3?
Nifty short near 14730-40 zone where 2 of C is expected to complete with SL 14780. Or on confirmation fall 14649 break for downside target 143360-200-100 3-4-5 waves are imaginary and can change 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...
BUY above 535 for tgt of 555/575/580 keep sl of 510
BAJAJ FINSERV LTD 480 Mins Chart (log scale) Neutral Sequence NSE:BAJAJFINSV
CRUDEOIL APRIL FUTURES (SWING CALL) 60 Mins Bar chart (log scale) Bearish Sequence Wave 5 of 2 currently in progress Expected Target towards downside is @ 4100 to 3957 odd levels
Apollo Hospitals seems to have completed a W-X- Y correction, there are other ways to label the correction but that leads to the same conclusion - indicating a resumption of the uptrend. Look to enter on strength above 3040 levels expecting new highs
Wipro seems to have completed a W-X-Y correction at its recent lows. Note that X wave is a triangle which is clearly evident. The subsequent upmove can be charted out as an 1-2 with waves 3-4-5 still awaited A lot of the India IT stocks are headed up - see recent posts on Mindtree/TCS
STAT BANK OF INDIA Daily Chart (log scale) SBIN is projected to go up over the upcoming period. This projection most likely represents the longer term forecast, based on the time range that's analysed. Confirmation to Buy @ 330 to 321 odd levels Holding Period: 2 to 10 weeks Projected Target: 490, 510 Any of our investment or trades we share on our blog are...
Shilpa Medicare looks to start Wave 3 and shall make new highs soon at CMP 345/-. Study would be invalid below 300/- on closing basis.
After a 3 wave correction the nasdaq composite managed to move up in what even I thought maybe 3 corrective. But maybe it is a leading diagonal and that changes everything. We have extensions long term and a new impulse wave up in wave 3 of 3 started for the Nasdaq. Then it changes the entire perspective for stocks. Bullish gaps as of now typical with 3rd waves