As plotted on the chart, HDFC bank has completed its wave 4 and commenced with wave 5.. Hence view on HDFC bank is bullish with targets as mentioned below Target 1 - 1201 Target 2 - 1227 Target 3 - 1260 SL - 1104 Time frame would be 8 - 10 trading days Note - Views expressed are purely personal and solely intended for educational purposes. Same may not be used...
It appears that Wave 3 might have got completed on 19 Aug at level of 11460 ... The entire movement from thereon till date appears to be corrective ... From pattern it also appears that the first corrective leg emerged as a extended flat correction ... Point to note here is the high made by Nifty of 11794 is not the top of the flat pattern, instead the top of the...
After giving a retracement from the level of 588 stock has corrected to 50% of it previous wave & resumed its journey as a 5th wave. One should be careful in the zone of 600 as there is a completion of 5 waves & we can see a sharp correction on a larger degree.
OANDA:USDINR USDINR SPOT WE ARE STILL IN COMPLEX CORRECTIVE STRUCTURE LABELLED AS W-X-Y-X-Z
NSE:MPHASIS NSE:AJANTPHARM
Crude short term analysis seems to be Bullish till 50 to 61.8 % Fibo Retracement levels. We might expect a corrections in the upcoming weeks, In this scenario the count suggests that Crude is projected to move up and then we might expect a fall.
Commodities Outlook (Base Metals) NICKEL SEP FUTURES & COPPER SEP FUTURES Outlook
NSE:ADANIGAS So, ADANIGAS is foretasted to go up over the coming weeks. The entire sequence is Bullish, but at the current leg we are in to a corrective structure labelled as wave 4.
Elliot wave Bearish Sequence in Precious Metals
Detailed Analysis using Elliot Wave Nifty from march lows formed Leading diagonal and its abc correction till 8806, fresh 5 step impulse wave was triggered till 11794. Nifty opened gap down on Friday 04th Aug, Gap was wide and didn't get fill. It has also broken swing low 11325 so this suggests start of fresh corrective wave. Nifty to again test 11111 levels...
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.