Looks like the correction has completed in QUESS CORP. and even if it is a third wave of the continuing elliot ,the target for fourth wave is coming out to be 900-920 levels which will be correction wave. (1100-580=520 )61.8% of 520....around 320-330 levels.. Low is 580, According to theory,target will be 580+320 which is 900 Trading now @ 690 levels. FOR MORE...
If Retracement levels will come(with Corrective pattern) then it will be a buying opportunity with stop loss of 10622. This retracement levels will change according to new fresh high of tomorrow. If impulse started from 10494 is wave C then it will not go much higher above 10780. OR If impulse started from 10494 is wave 3 then...
Escorts is in the correction phase. Wave 4 near to complete. Position 1:- At the 38.2% (681-682) retracement (current position) take short with SL of 796 (In case this Fails) Position 2:- At 50% (725) retracement as shown in the chart with SL of 735.
All idea is depended on Wave structure. An expanding wedge is a part of a flat in this case and it is completed or about to be complete. But this can be a or it is a start of the next impulse up which will be the C wave of the Flat.
The first wave is about 38-40 points which has retraced to levels of 130...which is 50% retracement. So buy cmp. 143-144 with a sl of 136 for the first target of 167-170 levels.
Has completed 4th wave @ 300 levels.........which is 61.8% of 3rd wave. 310 is a good support now....... Buy between 314-317.....with sl placed at 307 levels for the target of 337-340 levels
It seems wave (A or 1) is completed at 10565 and retracement levels for wave (B or 2) are given in chart. which can be used as buying zone with stop loss of 10333 which is of almost 100 points so plan your trade by analyzing wave pattern on live chart tomorrow. Good luck.
SUN PHARMA will possibly "Boom To The Moon" As Soon As Possible. . waiting eagerly NSE:SUNPHARMA Everything is depicted !!!
Here in this chart wave (5) and wave (v) will be in extended zone after breaking 10486 and 10408 respectively. Maximum range of both waves is coming at 10351-10325. so after completion of both wave Nifty can bounce up to 10543 and further it can also extend to 10700.
Short bank nifty around 26300-350 levels with SL of 26400.
FACDEBOOK FINAL PHASE OF CORRECTION , MAY BE
BAJAJ AUTO HAS TAKEN A DOUBLE SUPPORT @ 2700 LEVELS...........BUY THE TRADE WITH SL OF BELOW 2700 FOR THE TARGET OF 3050.........TO BE CAUTIOUS TRADE AFTER THE ELECTIONS RESULT.....RSI AND PRICE ARE ALSO MOVING IN THE SAME DIRECTION .
Sell at the market. SL would be just above the swing high of the Pattern. TP would be 0.618 of 0-5 move
Nifty pattern is suggesting one more decline to 10547-10455. where 10547 is minimum target for nifty.
Take a 50 % position at the current level, and if get a chance, add another 50 % around 450-460 levels. Maintain SL of 433.
If you get opportunity to say bye bye to bollywood actors we were blessed to have such actors like kaka and asha parekh - Won't you be interested to say good bye. Thanks for watching the video and your precious time.