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...
ApolloTyre is giving a Buy Setup for Wave C rally towards 210 levels.. Stoploss can be around 179. Should be a nice risk reward trade.
Impulse moves during downtrend completed on daily charts. Now ready for counter-trend corrective move. Target 1: 670 Target 2: 725 Stoploss: 601
(( ))- circled wave Corrective Wave, which started from 930 lows has fulfilled the minimum criteria of kissing the zone of 1035-1040 as expected in previous updates by making a close recent high@1032- where it travels 61.8% of ((ii))-((III)) wave distance & could be a double top which is not confirmed yet. Trading strategy It should hold below 1030 to give us...
Nifty has corrected around 50 to 61.8% Fib Levels for previous upmove. Once the Price Breaks out above 8110 Nifty gives a Buying Opportunity for the C wave up move towards 8400. I will be buying Nifty @ breakout above 8110 with stoploss below 7980 for Target of 8370/8400. If the price continues to go lower below 7920 and make new lows then the above analysis would...
BHARATFIN in W5 has done 2.618 W1 and hit a EW W5 trendline tgt found bulls exactly there with a big bull bar. But the w5 structure shows it can go for one more low and only pullback is happening. above 600 any dip can be bought for a hit-run target of 630. Bears climax is soon. after that bulls can feel safe Long on dips above 600 Target 630 SL 579