Diagonals provide a tight zone of Entry and Exit. Here the Risk Reward ratio is 1:3. This method is straight forward with easy identification of risk and reward. Any guesses, what those question marks are? Could be a stoploss!!!!
This trend of TATAMOTORS made the Elliott wave pattern . After the fifth wave, there is a symmetrical triangle. If there is a breakdown of a lower line of the symmetrical triangle, the target will be 120.60 . But if the consecutive candles cross the upper line of the same triangle, the target will be 153.60 . In the Elliott wave pattern, 2nd wave is 100%...
#HCLTech ( Now forming #Descendingtriangle pattern, keep your watch list take your trade after pattern breakout, the triangle mouth is pattern target)👍
Hul in symmetrical triangle, impulsive wave breakout possible
The coming week is a very very volatile week. There is the Bihar election, London and Paris have declared a lockdown and there is the US elections. If you have faint at heart, I recommend that you stay out of market next week. The last two trades have been profitable and you can choose to enjoy that. I am also a little faint at heart, so maybe we can try buying...
Waves have been marked on chart for easier assimilation .. As per counts, it appears that wave (i) of Wave 3 and its corresponding corrective wave (ii) r complete .. The fall that was witnessed appears to be wave i of wave (iii) .. same was followed by corrective leg pulling Nifty to approx 11660 levels in a 3 wave pattern n the same has been marked as wave a .......
forming zig-zag where Wave B retraced from 68% of Wave A. wave can retrace upto 50% but 38 % is 230. so for we can buy it @ cmp for target 230. and then it will move for wave 5.
Software company having book value 98 which is very high and it may form double bottom if we see it in monthly time frame . but at the end it has made 5 wave of Elliott , after the 5th wave it has formed contracting triangle . if it breaks out then buying price will be 25...
DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of...
One can let this correction to complete , wait for strong reversal on 2 Hour candle before taking buy set up , You can also view there is an Text Example of Expanding Flat or its Named as Irregular Flat as per Elliott wave theory at this Junction one can wait no need to go for short sell as the trend is about to complete its move Look for buy set up Good Luck
Hi friends , I have seen most people complicate their life trying to find out some thing holly grill , and there is not holly grill in the stock market , all you do is to follow the method you believe , You will trade what you belief system , One of the known method widely used in Financial market is Research made by R N Elliott and they named it after...
Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
Plan 2 - Levels as mentioned on the chart & Plan 1 is Be Proactive Trader Better Insight, Better Trade Execution Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE RIGHT, TO BE WRONG'' "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior at Battle field