Just for study purpose only and should not be interpreted as a proposition to buy or sell in any securities. Price was thrown out of channel making 15432 top now thrown under channel but only to go up. 14300-13900 reversal zone
Just labeling... I am working on past data.
Wave 3 or wave 5 itself seems to have completed. If it is wave 3 completion then 38.2% retracement lies at 1220. If its wave 5 completion then 38.2% level is at 1167. Price has also fallen below MA.
1. Intermediate wave cycle seems to have completed, and stock is up for correction, currently retraced less than 23.6% which is at 400, breaking 400 can open gates for another 13% correction till 348. Usually it should at least retrace by 38.2% levels therefore 348 seems likely. 2. Nifty IT index is weak too.
First target 23655 and if that breaks next target would be 20948 which is 0.38 retracement of the Mar'2020 rally till the top. Intermediate wave 1 to 5 seem to have completed.
Folks, In continuation to my Nifty update (published on 21st Feb), I'm now posting an interim update in the 15m timeframe. Things have set course into the right trajectory as I had envisaged, at a timing which couldn't have been more right!! I've labeled the Waves in the larger degree in Red. Scenario 1 - We've completed Waves A and B (Wave count marked in...
Debut Idea for Dollar Index Shown in oval shape was 1st leg of the triangle which topped out at 103.82 Published on 24th April 2016. Proposed triangle for wave-4 ( currently we are in final leg- expect rise holding above 89.20) & later "collapse" in wave-5 ( proposed ending diagonal) 24th April 2016 (Click the Idea)
Note : This is Chart 2 (Hourly Time frame) and is a part of the previous Bata India analysis that I just published. Please study both charts before taking any decision. Cheers !!
TAKE MY WORD FOR IT - THERE MAY BE LESS TO MAKE OUT HERE, BUT PLENTY TO LEARN IN THIS ONE Was talking to an expert who told me that Bata India is a "Long", so I pulled up the charts. Here's what I found that stunned me. Initially, all looked hunky-dory on the Weekly chart (refer 1st chart), but when I moved on to the Hourly (refer 2nd chart), the story turned...
Hi Folks, Maruti has completed it's 1st and 2nd of the larger degree and also seemingly the 1st of one smaller degree (the "ONE-TWO, one-two" phenomena) of the main 3rd. The 2nd of one smaller degree seems to be brewing now. When we zoom into the section of one smaller degree on the daily charts (This daily chart is in the comment section), wave A of the 2nd...
Infy is a "Short" in the smaller i.e. Hourly/15m timeframes and undoubtedly a "Long" in higher TFs. It seems to have completed (or about to complete) an Impulse 5 move up which is a part of wave 1 of one larger degree which is in-turn a part of wave 3 of the largest degree, if you understand what this means. (Since strangely Trading View doesn't allow you to...
Someone told me - "Horses shouldn't be Shorted"... Yet those who had the courage to leash this animal called Nifty last March, must be owning a stud farm somewhere. Exactly a year after, I'm tempted to dare and Short the Nifty, because prices are so ridiculously high that they appear rigged and if senses prevail, the following Wave count should hold true. As...
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The poke above the neckline & an abrupt reversal suggests that the move was a corrective sequence against a downtrend. EURUSD should resume the downtrend against the high made in yesterday's session. Any rise should be taken as selling opportunity for minimum target area of 1.1800 region.
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...