RELAXO has given a breakout from the trendline and it has formed a symmetrical triangle pattern on the price chart. If it retests the trendline it can be good long move. Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing. Happy Trading.
HINDALCO has given a breakout from its three-year trendline. We can go Long once it retests either the 200 price level or the trendline. Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing. Happy Trading.
Analyzing SGX NIFTY FUTURES for future movement of NIFTY INDEX is a good IDEA. Here ALSO the 'B' wave of 4th wave completed at 12821. next would be ABC down leg to unfold. since 4 th wave B has gone more above start of A ,we can expect a running correction (0.618*A) 11523 or an Expanded or irregular correction(1.618*A) 10156. Having our GOVT anounced...
This is short term view & holds valid till Nifty Index holds above 12625/12650 - You can expect impulsive move towards 12770/12850 - targets upside ( careful at tops) - if crosses 13K then structure has to be reviewed back. Thanks You need to be careful as suggested in closing comment of Reliance Idea published last (mentioned...
Shorts can be initiated as fifth wave is completed. First target can be 1400 and then 1240
Reliance is in the correction for 2nd corrective wave. Hit like if your like it.
analysis mentioned on the chart. Invalidation if it holds above 3600.
39.33 is the key level , if it holds crude oil will become CRAZY !! buy on dips suggested for present case !
Wave are going to be broad therefore, expecting 4rth wave expanding triangle. Very soon, I will give you clear number on it.
analysis mentioned on the chart
On the 5th, I'm expecting Throw-Over for this parallel channeling. By utilizing the 2-wave and 4-wave to determine the wave 5th connected parallel channel but herein, I suppose to break the upper band of the channel causing taking a table of U.S. election by the Biden expecting. In essence, after the completion of the 5th wave, we are going to correct A, B, C....
(Note- Please read the levels carefully- Last Nifty Idea was suggested not valid above 11930 levels- You need to manage your own risk) ------------------------------------------------------------------------------------------------------------------------------- Idea in Nifty (History May Repeat Again) - suggested that -Expected X-Wave can be 3-Wave Sequence...
analysis mentioned on the chart.
TREND ANALYSIS & TRADE SETUP ! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. Reward is 8-12 times
From March Lows Bank nifty is slow mover but now formed leading diagonal which is sign of uptrend coming in future. But right now we will experience corrective wave to 5 wave leading diagonal before uptrend. Current price 26798 and at parallel channel resistance max 27000-27162 can be expected. We can see zig zag wave (a)-(b)-(c) from 27000 levels. Wave (a) is...