Crudeoil sports clear 5 waves with wave 5 taking the form of a diagonal triangle. Crudeoil should head down for a few weeks to months.
Analysis mentioned on the chart.
Levels mentioned on the chart....parallel channel in action Followup trade plan Be Proactive Trader Better Insight, Better Trade Execution Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect Risk" Happy Trading Jai Hind Dhiraj Singh Bais Warrior @ Battle field
The present support zone will act as wave 4 where the internals have a-b-c waves , being wave a = wave c . If the level intact, the price will move up as depicted on the chart.
The current rally is not an impulse. It should face supply soon
Long term chart of Deep Industries with beautiful bull flag & bear flag showing the simplicity of a chart reading. MAGICAL WORD IN SUCCESSFUL TRADING ''KEEP IT SIMPLE BABY" Presently, @ channel low. Do comment what to expect at this point. Contribute knowledge to prosper all together.... Be Proactive Trader Better Insight, Better Trade Execution Views...
After a breakout from an ending diagonal, stock of PVR reached it ultimate target that is the starting of the ending diagonal. It is obvious that this is an area of profit booking. The fundamental condition of the stock also suggests that there is not much possibility in the future results of the company. Sell position must be taken for the targets of...
Analysis mentioned on the chart.
Heavy Short selling can be seen if failed to sustain the level of 1.7500 and it will bolster the view if prices slipped below the level of 1.17000
As expected, Nifty opened gap up today, completing wave 3 of lower degree, as marked on the chart and that was all that happened today.. Being expiry day, Nifty kept correcting the entire day and still couldn't manage to finish of the correction till EOD. As marked on the chart, last leg i.e wave c of Y couldn't complete .. View for tomorrow remains to be bullish...
Added 25% of total qty with SL 435 on WCB Next Buy Range = 490-460 Reason to buy:- 1. Trading above 50 RSI 2. Trading above 200 EMA 3. Weekly zig-zag brkout.
BLUEDART seems in ACCUMULATION phase for last 100 Days and huge trading volume on last trading (21 Aug) day. Volume Pattern looks bullish. Plan your trade accordingly. Levels mentioned on chart. Views are for ‘’EDUCATIONAL PURPOSE ONLY’’. "Trade what you see, Not what You Think" Happy Trading(:)
This is just analysis of Todays Nifty movement. As per theory wave 2 was sharp the wave 4 will be complex correction based on this identified wave 4 as Triangle when It completed wave D. Post that it was simple to ride both Wave D and E and then Triangle breakout on close above 11500 on 15 min chart which is wave 5. Just for study purpose only.