Levels mentioned on the chart. Followups Be Proactive Trader Better Insight, Better Trade Execution Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. ''I HAVE A RIGHT TO BE WRONG'' "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior at Battle field
As expected, Nifty opened gap down, completing Wave v .. Thereafter, Nifty spent the entire day correcting ... The correction pattern appears to be flat with Wave a and b already completed ... Wave c is in progress ... Expecting Nifty to open gap up somewhere between 11730-40 or if it opens flat, expecting a rally till the mentioned level, completing wave c ... ...
The waves have been marked on chart for easier assimilation .. While marking, I have basically taken two scenarios into consideration Case 1 (Marked in black) . Correction of Wave 1 is a flat/extended flat correction and Wave C shall unfold as a rally towards level of 11960. Case 2 (Marked in red) . Correction of Wave 1 (Wave 2) is complete and what we witnessed...
Nifty has ended sub wave Zig-Zag Correction & will look upside from here
Divislab is retracing from a key resistance point, now is a good time to short!
5 WAVES POSSIBLE WITH A SMALL STOP LOSS
Waves have been marked on chart for assimilation.. Presently, the correction of first impulsive downward wave of 15 Oct is going on .. it appears to be a flat/ extended flat correction.. wave (a) of this correction appears to be over n wave (b) is in progress.. it appears that minor degree wave a of (b) completed yesterday .. expecting it’s wave b to unfold n test...
Some time prices tend to stay in an intend to correct more before resuming the New Trend direction ( deep slow move indicate consolidation phase ) My Long term view is still intact as 83 , this consolidation pattern formation indicates the price will high likely make one more move down if you are in long position , Take an exit at or near 74.10 + , and wait...
may be it is a flat correction to complete 5th wave.
I've used here 2hrs timeframe to zoom the chart for clear picture of sub waves. The Primary Four Wave has formed 3-3-3-3-3 Expanded Triangle. The Five already initiated with gaps and trying to develop a leading contacting triangle. After mature triangle we will see sharp move that can be upward.
Quick Recap on Auropharma Hindalco Reliance Finally shall with NIfty Index review for idea published yesterday. Thanks for watching the idea.
Earnings play: Max 3 day trade Buy- +1-2500 PE- 8 +1-22650 PE- 20.5 +1-2850 CE- 25 +1-3000 CE- 8.94 Sell- -2-2600 PE - 20.5 -2-2900 CE - 18.95 Net Credit - +10305 Cap Req - 2.9L approx BE - 2529-2971 Max Profit - 35305 Max Loss - 14695 POP - 88%
Tata steel bullish trend analysis based on Elliott wave theory together with Fibonacci retracement / extension.
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...