Infratel is giving is buy setup of 15 min chart.. On a daily time frame the stock has completed it 5 way down move and could go up from here.. One can buy at current levels with stop loss around 280 and Targets at 330 / 350 levels.. Happy Trading!!
In the last analysis my view was that a breakout trade should be initiated and Nifty went from 8652 to test the important resistance zone of 9000 as expected. As of now it seems that Nifty will retrace till the red zone of 8430- 8300 to complete the Wave 2 (Red) within Wave 3 (Double bracketed Blue). It is also possible that the retracement is shorter in that...
Hi Everyone, Nifty approaching strong resistance zone @ 8975 - 9018. As per My elliott wave count b wave of entire corrective structure going to be end. Enter Short on Nifty target for c wave 6725 level.
A Leading Diagonal 'wave A/1' followed by a sharp fall in 'wave B/2'
Wave count in this scrip looks like the wave C of the flat correction is under progress. Break below 260 can take this script to a minimum target of 230.
AuroPharama is giving a Buy Setup!! One can Buy it at current levels with stoploss around 669 and Target around 790 levels.
Arvind is giving a potential short setup on daily chart with Wave B up move completing at 61.8% fib levels and Wave C correction starting now going around the targets of 300.
Technically it looks like JPPOWER has completed an impulsive wave 1 and a 100 % correction. A safe swing long trade with stop loss 3.4 and a minimum target of 1.618% projection of wave 1 which is 7.85
AuroPharama is giving a Potential Short setup for Wave C down for ABC correction. One can short at current levels with stoploss just above 731 and Target around 670.
IDEA has been correcting since a long time and looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction. Happy Trading!!
Buy Silver for long term..
Hi Every one, Nifty trend should continue next month also but in near term there is two MEDIUM term trend lines are ahead. So i am expect possible TRUNCATED 5th wave. Next month target should be around 8900. Possible reversal dates 10 or 14 FEB 2017
BankNifty is reversing after giving an ABC correction... It could very well turn out to be a Wave W of larger correction but for now BankNifty is reversing and is giving a Buy Setup for a Target of around 18750 and 19100 with Stoploss just below the recent low around 17575.
The major trend line is broken now and dont miss this trade
Area marked in rectangle is a elongated flat formation, I missed to identify this. Normally elongated flats are part of larger triangles. C of flat has already retraced 1.38 times of B and can retrace beyond 1.68 times on few occasions. Right now I would like to wait and watch for next move
Nifty moved up for Wave B and is ready to go down for Wave C as Zig Zag Correction in final hour of Expiry.
Monthly Chart Since Late 2008 -Maruti from its low@433 had travelled almost in an explosive manner upside, giving us wave-3 which travelled 361.8% of Wave-1. Recent Month Fall was impulsive down likely finished wave-(A) & travelling in wave-B- Once Wave B is done on Top- We shall have wave-C downside hitting in the zone 3000-3200 where it travels 61.8% distance...