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.
BALKRISHNAIND Weekly Time Frame, BALKRISHNAIND is in a three-wave corrective reversal, after the intial five-wave rise at the beginning of March 2016. We know that once an impulse fully develops (in this instance wave 1), that is when a contra-trend reaction may follow Reactionary wave. At the moment we see price can fall till 743.50 to 679 odd levels, ideally...
ITC DAILY VIEW I think we will see ITC price Plummet in the coming days, Swing call. Next Target is seen @ 164.95 NSE:ITC
GODREJCP DAILY VIEW, We are in the last wave cycle I think we will see GODEREJCP price Plummet in the coming months. The Reactionary wave is still going, its a clear indication of a decline in the price. The stock has started falling from its peak from 05/09/2018
I have plotted only motive phase & will update for corrective phases. I think NIFTY will make the bottom around the 6800 zone. While forecasting the exact bottom is nearly impossible but we can use it to take short term positional trade. In two of my previous Nifty 50 charts, I have described how bearish candlestick is forming near Elliott wave 4. This further...
A clear cut wave 5 is seen. I have set the targets at Dinapoli points of Agreements. Targets are set according to Fibo time series.
I have assumed that intermediate Wave (1) of five wave down has started. This is tentative because the correction (A) (B) (C) can turn into complex correction. 9385.25 is the starting point of Wave (1). Any move above this will invalidate the count. Shorts can be taken with this as Stop-Loss. 8900 is the end point of Wave 1 of Wave (1). Move below 8900 will...
A medium to long term target using multiple indicators all confirming a downward trend. It looks like a 5th Wave downwards Guppy Multiple Moving average setup would be confirmed once the prices go below 25th April low. Dinapoli agreement (confluence between fibo retracement and fibo expansion)
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One can wait for drop reversal or strong close on 15 Minits for entering long , and look to book near forecast , it will be positional that means , there will be some disco dance in the price movement , if you are not comfortable in between the trend , Take the exit Good luck
One can look for short sell set up once closed below the Structure Look to book near the forecast
The current Congestion price move is not convincing of any start of new move up , One can wait for drop to new low and strong close on daily will give an indication of Possible end of bear Grip , Kindly note it will not be easy to move up side in rapid manner , so look to trade with small terminal impulse leg until some New Reforms or Economic developments...
Expect a Gap up and straight move ahead , this is one of the classic Guerrilla Technic once used to occur in Wall street, now i see the same pattern , We are already in long position with Pre-defined stop , Lets see how it unfolds , Good luck
Good morning everyone...... Nifty now forming new wave that may be go high impulse TGT (9090, 9147 and 9203.40) support levels 8943 to 8878 once market break the support levels go for sell that TGT (5865)
HDFC Weekly Time Frame, What a massive bull run it was for HDFC from March 09, the price was at 223.80 level. Almost a decade passed we saw a massive growth in the company, price ranging from 223.80 to 2499.90 till 13th Jan 2020. So now we have almost completed the First Cycle of wave theory ( IMPULSE WAVE ) Now we are in the corrective mode. I dont recommend...
USD/INR SPOT Price: Indian rupee aims to refresh record low versus the US dollar. Dollar is heading up to 77.13 to 77.82 odd levels. We are in the completion of the 1st cycle as per wave theory, last impulse move in the price till 77.82 levels. Dollar has beaten Indian rupee rigorously.