Chart and description has all the explanations. Stop loss 3035, entry 3070-3080, target 3200 if trend line crosses ...then 3400 also possible
The wave pattern in CESC suggest that we are in 5th wave of C. It could end anywhere in the region marked in blue rectangle. Once done , we might see a decline to 790 levels. One should use lower time frame to identify trade setup. as of now the stop loss is too far to take a trade position based on daily charts.
If 1915 doesnot cross , this stock is headed for 1730 levels. Complex corrective pattern under way, current in c wave of Y
Why did it fall because the 5 wave impulse was complete . I have not shown the Elliott channel it would be cluttering . But it sticks to the Elliot channel. Shorting a bull market is not good. So a buy at 283 (preferable) or at 250 ( u may not get). I have observed that ABC after wave 5 is always bought into . So wave 5 in an impulse or a correction has been truncated
Granules has resumed its up trend today, Wave pattern suggest it is in 5th wave. Currently within 5th wave , 1 and 2 is over and 3 has started today. This upmove could target 166 levels. Lets see how it goes
It appears that asian paints is forming a traingle .If true the stock is likely to get resisted at around 1165 levels and will move down 1090 levels to complete the pattern. Once the pattern completes , we should see a resumption of up trend
As suggested above 402 - we shall look for final push to 425-430 Zone. It was hot trade for the day & look it got resistance exactly at 430 - started falling back. Bharti Airtel - The final push for 425-430 zone.
abc down move done, next should target 367. the correction took support exactly at 50% retracement level. in hourly charts we are seeing wave 1 up, wave 2 dip to 333 to buy with stop loss of 327, target 367
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Short term we could see a move to 65.20 levels , but monthly charts suggest a price move to sub 59 levels
Silver is a creaming buy on monthly charts , should target 22 levels. use lower time frame to spot entry levels.
If 49.14 crosses then expect 83 once 49.14 crosses , 42 should be the stop loss
There has been price squeeze in GDX for quite sometime. It appears that either this price squeeze is complete or getting close to completion. Trading idea - Buy GDX at cmp (21.80), stop loss 18.68, target 27.42
It appears triangle is forming in wave 4. which is about to complete. Based on it, we can have some trade plan Buy DCTH at 0.1273, stop loss 0.1183, target 0.2571 and above, check red lines for 3 upside targets
Short sell AMD at 14.10, stop loss 14.48, target 13 38 pips risk 110 pips return
in small correction support on fibo 1.68 and trendline....
BTST axis bank , stop loss 503.35, entry 508, target 518
Wave c = wave a Even when nifty is rallying up, this is struggling to cross 625. The rise was a slow grinding upmove, characteristics of a corrective wave. next should be a down move. Has potential to go below 438 again sell relinfa @615, stop 630, target 475