Long near 110 level with a stop loss 106 and target of 138.
Natural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.
M&M after completing a Ending diagonal in the downward impulse made the thrust up. Expected Wave could could be A completion. Entry: two part entry at 1283 and 1277 SL conservative: 1260 SL aggressive: 1271 Target: 1323 and if like part booking 1310 is a option Expected hold period minimum: 5days. Entry 1280 Average entry 1283 & 1277 SL ...
Cipla weekly looks in a Triangle correction. prefered counts is Wave(4) and alt count is (X) so cipla is going to get choppy for sometime. I feel its better to avoid long term longs in this counter Long term positional short SL 645 CMP 592 TGT 537.5/430 Remember D leg comes around 537.5 after which E leg pullback towards the barrier is expected. Trade at your...
Strategy: Buy @ 2407 and add more for 2600+ target ------------------------------ TCS 0.25% was on uptrend and correcting it's uptrend after hitting 2700 resistance zone . Correction was on running flat correction which was supposed to be completed below 2100 levels. Post 2100 support reach, script was able to jump and tested 2550, We are calling it's five wave...
Correction needs break out so still upside Valid for Target 9336 as upside target Downside we cold see only in correction So be prepared if have to short have longer correction 8526
Looking at first glance, I can find that 1-2-3-4 Waves have been made and 5th is running. While The secondary waves has also been seen till yet. Expecting prices to trade higher till 5th wave near 92-93 and We can see primary corrective trend A-B-C till 80 or levels.
Looking at first glance, I can find that 1-2-3-4 Waves have been made and 5th is runnning. While The secondary waves has also been seen till yet. Expecting prices to trade higher till 5th wave near 92-93 and We can see Primary corrective trend A-B-C till 80 or levels
Strategy: Buy the dip of 355 --------------------------------------- GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are calling consolidation from 374.90 price and expecting this consolidation will be zigzag correction and can extend to 355.
Strategy: Buy the dip of 355 --------------------------------------- GAIL is trading in consolidation mode after hitting it's target of 400+. We were long from 325 and book profit at 390. We are expecting this consolidation will be zigzag correction and can extend to 355. Break of current price 375 will expose to 364 and post that 355.
Talking Points: Technical Strategy: Bearish Elliottwave Count: Either wave (C) continuation or B wave of (B). HTG Note: Larger outlook on weekly chart is showing weakness on long and short term. EURO vs Indian Rupee price is testing weekly trend line. Last time this line was tested on September, 2015 and post that we seen nice pullback towards 77.80...
BOSCHLTD_LONG FOR T1-25550, T2-27877
It is been observed on a hourly chart that the price action was correcting in a flat correction as per the Elliott Waves principles. It is a three waves structures marked as A,B,C. Now, after the completion of the sideway move or a flat correction, the price action moved sharply up to previous resistance levels but failed to break it and then retraces above the C...
price aspect to move sideways. so let’s have a closer look, dark cloud indicate bearish. may b price about to start correction
Auropharma is giving a buying opportunity towards 50% retracement. One can go long at current price with stoploss below 620 and targets around 760. I could go even higher but conservative targets around minimum of 760. Buy & Hold with Stoploss. Happy Trading!!
In this article I'm doing Elliott Wave Analysis of Nifty and discussing Swing Trading Strategies for the same. As of now it seems that the 1st leg of impulse has completed near the recent high around 8980, but there is a slight possibility that the Wave 5 of this impulse might head a bit higher, however from a trading perspective this implication will have no...
Zeel is giving a Buying Opportunity above 445 when it breaks the down trendline completing the current leg of correction. I would trade it long with a stoploss around 424 and Targets around 500/510 levels. This could be a corrective price action or a new impulsive wave.. Evidence will be seen as to which form of wave is forming based on the price action and how...