ApolloTyre is giving a Buying Opportunity with a Short Term Target of around 204 levels. One can keep stoploss around 178 levels for the long positions. This move can possibly extend and go higher but I am giving short term targets keeping the current wave setup as a correction. Any inputs are welcome..
The pattern formed in TVS motors suggests that it is undergoing a zig zag correction. Wave A and Wave B of the correction is already over. I am expecting wave C to be either 100%, 138% or 161.8% of wave A. Also it can be noticed that the support line in wave B is broken. The complete pattern assumption becomes invalid, if the high 380 is broken. Let's wait and...
Tata motors falling down still showing weakness and no sign of strength returning yet. Trading near Fibo supports of earlier daily swings. 428 is a key fibo to watch failing with 392 is the next fibo support. EW wave counts shows WIII in progress inside w3 and W III done first 2nd tgt. and retracement now should bring wIV for a quick swing trade for hit n...
Colpal Trading near Monthly TL support is expected to have completed WX/AB waves of correction as Elliot Wave. Now 1033 high is key for longer term bulls. any close below the monthly TL support which is near a small demand zone too, should trigger Monthly TL-2 target and Weekly TL tgt. SL above 1033 longer term shorterm players should wait for a retracement r...
It is been observed on daily and weekly chart that the price action making lower highs and lower lows indicated a downward trend. Now, It is also been observed that the price action completed Wave 4 and now it is in progress of Wave 5 in the prevailing downward trend. For last two trading session, it is been bearish when Marked acted positive. I believe sellers...
JetAirways is giving a potential Buy opportunity as it was forming and ending diagonal with divergence.. With bullish candlestick pattern supporting the analysis for long I would buy now for target of 400 and beyond.. Happy Trading!!
Last week was a hectic schedule for the official presentation -so could not answer most the guys. Let us solve the puzzle. Excited to see the way it is developing- going above 8210- larger wave-(2) will continue & shall give us y-wave to finish this larger corrective sequence- wave-(2). The depth of the wave cannot be determined in current state & its shape but...
are we on the flat correction for TATA motors or does it have a alternate count...
Cadilahc has more downside to come before going higher. Wave A and Wave B are completed and Expecting Wave C/3 to go atleast around 270 Levels on the down side to complete the correction. Happy Trading!!
TV18Broadcast is at the lower trendline support rite now.. Its time when it will either bounce back and go higher or break down and go lower from here..
HCLTECH is giving a potential Buy Setup!! The Zig Zag Correction seems to be over with today's low made around 730 levels. I would expect the stock to go higher from here and breakout of the corrective channel that it has been in from long time. My stoploss is around 725 levels and First Targets around 950 level and above. Happy Trading!!
Hey Guys, How's your Saturday panning out ?! Today we are going to do an analysis which is different from our usual style. Actually we are gonna take Xauusd & Nifty for comparing the market dynamics & to realized how they work in sync. I had this in back of my mind for a while but cudn't post due to other works, so Now its the time. Take a look at Nifty what...
If that bullish harmonic pattern kicks upto its full potential Horse power, the Tatamotors will accelerate to 600's. A daily close above the trendline (red) will ensure that. I drew Elliott at the end of my analysis, so you may or may not use wave counts - there is no issues. We can analyse Tatamotors simply with support & trendlines. Support zone at 500's is...
Acrophobia - Fear of Heights and a fall from the highest level can be dreadful. That's what we are looking in BankNifty, though Nifty & Gold has fallen a bit, here we are still at 20k's at the top almost forming a Double top. Whether this Double top will fail or work - we are unsure about that. This post is insync with our recent post about Nifty & Gold, remember...
Hope I have explained most of the scenario's within chart itself & the one I missed out is Nifty reaching 8480's n reversing. I tried Elliott's on hourly & its just as bad as it can get, so I simply skipped that, whichever you don;t feel comfortable with - Skip it. If there is any doubts in this chart or other, feel free to drop a comment to reach out. I'm not...
How is your saturday going ?! Hope the weekend starting off on Good Note. Today morning I was looking for some stocks to accumulate on medium term (4-7 months). AxisBank was one of them which I kept in radar for past 3 months. Though I'm not sharing about all the stocks in My Portfolio, now its time to post it out for you guys as I did LT a year back, we caught Lt...
Completing W4/alternate count W4.W with internal structure ZZ. Apollo trye can have immediate trend up for a X wave r W5. immediate short term target can be 203 which is the TL resistance. Long term targets if its W.V is 223/244/256/278/297 if W.4.X then 207/212/217 Entry 193 SL 188 Target 1 203 Target 2 TSL risk 5 ROR 1 2
I expected an 161.8 projection of wave1 to form wave 3. But it looks like the wave 3 is done with 131.8% projection. Right now the formation looks like a flat or a complex correction. I am also expecting this series will be spend in forming wave 4. I am netral in medium term.