JPYINR 1D VIEW, FX_IDC:JPYINR
LONG VIEW, JPYINR almost retraced till 61.8% Fibo level.
We are still in the 5 wave structure, which subdivides 5 waves inside.
IOLCP Might be correcting in the coming time and them move up again as per the Elliot Wave analysis. NOTE: I am learning Elliot Wave analysis and fellow members, please review
Starting from its retracement from the 52 week low, there's a pattern where we can see if the Elliot theory fits in. Wave 2 though has a strong pull back to 59 level but the solid price rally for Wave 3 forces one to give it a serious look. If this has a final wave 5 strong enough to shoot above 75, there is a good prospect for buy.
HEROMOTO, 1D SHORT VIEW
First & Foremost we have finished the 4rth ongoing wave, with a corrective pattern of ABC.
At this moment the scrip has almost retraced 48% from its bottom level of 1475.
HeroMoto will fall dramatically, because now we are in the 5th wave structure & price could go beyond its previous level of 1475.
So the 1st Target would be 1840 level.
Have observed a complete Elliott wave bull cycle (1-2-3-4-5)
Stock is ready for bear cycle (A-B-C) from the current levels.
Target 436 on the short side
Time frame for reaching target - Minimum 4 candles max 12 candles (60 to 180 minutes)
If the stock doesn't open gap down - then the opportunity is huge.
This is my first Elliott wave analysis - kindly do not...
Good morning everyone...... to watch niftybank now forming BAT pattern ...
resistance levels (20886)
once the market will break that
level it will go ( 21388)
TGT levels
20450 to 20180
NSE:ASIANPAINT
ASIANPAINT , 1W T.F.
We are in the completion of the 5th Wave of the first impulsive move (Motive wave) the next target would be seen @ 1926.75 or 2043.70 levels.
Then we can see a Reactionary wave (which is a fall in the Price) with the opposite direction.
HINDPETRO WEEKLY T.F. Hindsight
August 2017,the stock Price started falling from its Peak level of 492.80
Now we are still in the corrective mode i.e, the Reactionary wave.
WXY.Its internal structure is (3,3,3) indicated that the WXY wave pattern is composed of three distinctive corrective waves.
The next level is @ 280.95 & then we can see a massive downfall...
NSE:CIPLA
CIPLA Weekly TF,
First & foremost we have completed the Actionary wave followed by Reactionary waves.
Now we are in the 3rd Impulsive wave which have impulsed much more than 632 level.
In weekly TF, the stock will start falling from its Current Market Price till 516 & 478 odd levels.
