VIEW:
USDINR appears to be poised for an up move as per Elliot Wave Analysis.
STRUCTURE:
Impulse(1-2-3-4-5)+Correction Sequence
Trading Plan:
Entry -- as nearer as possible to invalidation point with proper risk management according to one's risk appetite.
Exit -- at or near or in the target zone as shown in the chart.
Stop Loss -- Invalidation point
Good...
BERGER PAINTS INDIA
60 Mins Bar (log scale)
Bearish Sequence
Zigzag structure labelled as (A-B-C) 5-3-5
Next projected target @ 668 to 639.30 odd levels NSE:BERGEPAINT
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 before...
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 before...
Definitely not copy of someone's analysis, but impressed by their analysis. There was some count that I couldn't accept, so I thought to do my own.
Previously my approach on reading waves was completely different. I realised that I was completely wrong on that approach. Now I identified what I had missed out on wave reading and verified in multiple time periods.
NIFTY 50 Index
30 Mins Candlestick (log scale)
Bearish Sequence
Short Term Update
Elliot wave View (FLAT Structure labelled as A-B-C, 3-3-5)
Nifty finished @ 15322.10 88.6 % fibo level on 12th March'21 our projection was @ 15419 level, but the index reversed from 15320 level.
Next Projected target for Nifty to the downside is @ 14736, 14367 & 14138.95 odd...
NSE:ACC NSE:ULTRACEMCO
ULTRATECH CEMMENT
Daily Bar (log scale)
Bearish Sequence
1st Motive, i.e., Impulse move finished @ 6944.20 level
Our Upside target was @ 6974.85 but the stock reversed from 6944.20 level
We are expecting a fall in ULTRATECH CEMENT in coming weeks
ACC LTD
Daily Bars (log scale)
Bearish Sequence
Wave 5 of 2 in Progress, but there's...
Nifty may have completed first cycle of wave V @ 15431 which was 1.618 Fib Retracement of the whole Down Move in Feb-Mar 2020.Generally Corrective waves retraces around 38.2-50% of the move.So I am expecting to retest 12400 which was earlier Nifty high.
This holds true till 15430 is not taken out otherwise it will be fifth wave extension and can go to 16400.
