TREND ANALYSIS & TRADE SETUP
TRIANGLE CHART PATTERN !!
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
August Series Option can be traded.
Wait for entry setup, if available then Long/short.
Reward is 8-10 Times
As plotted on the chart, wave v of wave (iii) is under progress ... Expecting the same to complete at the resistance zone marked on the chart (11730-11740) ... From there, expecting a correction till the support zone marked on the chart (11560 - 11540) ... For Monday, expecting a gap up opening, followed by a rally till 11740 and probably wave a of the corrective wave.
And the markets crossed the 78.6% level in style! The upswing after covid is a trend. Not a correction. A proper trend.
Long Term: In long term, the fact that the rebound was a trend is established and the NIFTY breached the 78.6% level of the decline in March. That is bullish.
Medium Term: In the medium term, we are actually close to the medium term maxima...
GUJARAT ALKALIES shaped up in beautiful continuation pattern and breakout through neckline with huge volume.
Trend seems to remain intact .
Levels mentioned on chart.
Plan your trade accordingly.
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’,trade at your own risk.
"Trade what you see, Not what You Think"
Happy Trading(:)
Om Namah Shivay
Brothers, IndusInd Bank is taking turns like a vertical move. And We are trying to analyse, are there any pre-indication which makes this dramatic call to be predicted.
Tried to put the count little differently. Then Tried to understand the big change. Have put one structure. I am a new learner. Experience feedback is welcome.
The...
ICICIBank respecting lower line of pitchfork pattern. Tripple Zig Zag in C correction wave.
Multiple major resistance 364,375,385 above which 410,442 is expected.
Entry 360 Stop Loss 335 (7%) target conservative 410(13.9%), Aggressive 442 (22.7%)
As per short term view, GOLD is in the last phase of corrective wave-y, which is unfolding as an impulse. Currently the price structure suggests that there is a formation of a triangle & this triangle is being formed as a wave-4. This wave-4 triangle formation often takes place as a preparation of terminal trust and after that the 5th wave of the impulse get...
Long ago a surge in GOLD price rally stopped in the year 2011 & the point has been designated as a primary wave-5 by all the elliottician. From that level we have seen a correction upto the level of 1045 $. A nice corrective move.Right from that level GOLD price raised up & currently trading in a all time new highs range. But this rally from the lows 1045$ is...
Om Namah Shivay
Brothers, Bajaj Finance looks a flat correction. The A of the flat is made, B making is in progress.
The B should be a 3 wave structure. Not able to catch the a,b of B from the current structure. There are some assumptions on the movement, structure will be clear going forward.
If the levels are respected, trend line is respected,...
Om Namah Shivay
Tech Mahindra taken some more time to decide the intermediate count. Counting from last dip.
It looks running the impulse with leading diagonal as leg 1.
The Possibility of leg 3 movement is imaginary,
This is just an personal analysis, There is no suggestion on trading.
Om Namah Shivay
Bank nifty started up move after breaking 22440 to 23000-23200 as mentioned in previous article.
Now wave 3 could be over expecting long and shallow 4th wave correction till 0.38 fib level which will be tough to trade.
Current assumption is wave 3 of recent rally completed near 23682 which 1.68 fib levels where wave 3 usually end.
Short all rise near...
Its drawing nothing to suggest its shorter degree Elliot Wave which is on most confusing wave 4 it may reverse from 14.6% or 23.6% or max 38.2% show if you agree You can follow up this trade
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