Seems like an opportunity for around next week time. ** Educational Purpose Only**
Colpal is looking is bearish and might go down further.. Targets for the downside is around 900 levels. Happy Trading!!
AmubjaCement is ready to go higher from current levels.. After completing the correction the stock is ready to move higher. One can go long on the stock at current levels with stoploss just around 240 for the Target of 300. Its a nice risk reward trade.. Happy Trading!!
Nifty would go higher from current levels with first targets around 8775 and second targets around 8900.
BankNifty would go higher from current levels with first targets of 19700 and second target of 20050.. One can keep a stoploss around 19050.
ITC did a correction with the marked in green ABC. Then it had made a 5 wave move up and a zig zag correction marked in blue. We can expect wave 3 to end at a 138% or 161.8 % projection of wave1, which is 300/- or 320/-.
As per Elliott Waves, it is been observed that the price action has completed 5 waves by reaching to 585 levels today. Wave 5 was counted as Extension of Extension Wave which made it the largest among rest waves. Now, it is a good time to look for a short opportunity. I believe a double top can be seen in few days which may act as a good opportunity to short....
Mind Tree after making the all time high went into corrective phase and price is still trading inside the price channel. though there is no confirmation yet that the correction is over. some piece point to the end of correction. 1. wave 5 inside wave 5 of C has made 0.617 of w1 of c 2. wave 5 almost made 0.618 w1-w3 in wC with this clues Trading strategy can be...
Even I'm wondering how I get these title's in minutes. ok, lets not boast so back to analysis of Nifty ! So what are the components of today's chart ? We got, (i) Bullish Gartley - The Gladiator (ii) Bullish ABCD completion (iii) Elliot wave counts (iv) Trendline in Support zone We have the Gartley & ABCD pattern completion in our support zone 8500's (approx.)...
is all set to go higher from current levels. One can go long on the stock at current levels with stoploss just below 80 levels and targets around 88.5 / 90 levels.
CrompGreav is giving a Short Setup breaking the trendline would take the stock lower toward the first target of 70 and probably further lowers toward 50% and 61.8% retracement levels. Details are giving on the chart. Stoploss should be just above the 89 level and can be trailed for the trade. Happy Trading!!
The simplest Elliot wave count & its potential corrective waves are shown in the above Nifty chart. The corrective waves(abc) just started, so it may or may not happen, we will findout soon what Nifty thinks. Before going into today;s analysis, Yesterday's Cypher was still valid, it neither hit My stops or Targets. So what we can expect today ? (i) There is...
Nifty is giving a Short Setup at current levels. After giving a 5 way decline nifty moved up in three waves above 61.8% fib in a corrective pattern which indicated that Nifty will go down further. One can Short the Nifty at current levels with Stoploss just above recent high around 8971 with targets of around 8620. Its a Nice Risk Rewards trade.. Happy Trading!!
with sub degree of (5) showing extension and near end and with near weakly demand region.. can idea give weekly pull back of (B).. CMP 82.2 longs r good near the near region of 69...
Formation looks like an expanded flat for Dabur. The final corrective wave C is o=in the formation with the completio of wave 1. The correction is expected to pull the price to around 200 levels in the long term. First target can be around 250 ~ 230 levels.
Fourth correction of the recent impulse move is about to complete. Since the third wave looks to be normal, we can expect a extended 5th wave. Targets are around the price levels 163.
SBI has began its final wave 5 of the ED. During this time one can be long on SBI till a level of 275/-. After which one can expect a corrction to around 230 levels. Once can also notice the divergence in MACD.
CESC is giving a short setup. The stock has been moving in an upward trend channel which is about to be broken down.. Expect a substantial correction or sideways movement in the stock before moving higher. Happy Trading