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.
We need to rush through this description bcos there are potential chances arising already. There are 3 components we have used to examine the dynamics of BankNifty, (i) Elliot waves - Simpler the Better (ii) Trendline (iii) Patterns There is no need for you guys to know each n every component for analysis. Just any one of above 3 component is perfectly fine to do...
Nifty is making a Flag Pattern which is coming near the lower trendline with MACD Divergence.. I would expect the price to go higher from there which gives a potential buying opportunity.. If it break the Flag upper trendline line then My Markets are at the all time highs around 9120. However, if it continues to go lower then I would wait to see what pattern is...
Lupin after falling from highs is expected to complete ZZ correction with WC =0.618WA near Now the possibilities of lupin are 1. create complex correction with W as ZZ 2. Create Double ZZ 3. Create change in cycle. now one minor cycle 1-2/1-b is expected to be completed in lupin. cmp 1495 SL 1440 Target 1 1570 Target 2 1636 Reward min ...
Nifty after a strong impulse from 6824 didnt get a strong impulse move up. and started moving in different channels at different wave time. the wave counts posted are just a possibility and should be traded with caution. its invalidated if the high is broken 8964. if the high holds strong then trend change is here in nifty.
Looks like Hero MotoCorp is undergoing an A-B-C correction, Where Corrective A and B is over and now 3rd wave of C is underprogress
Sintex could not cross 81-83 zone and quickly retraced to the area where we saw a very high volume sell off on 28 july. Volume is above average in this latest rally from 71 to 88.
Ashok leyland has been consolidating for a long time. The chart formation looks like it has completed wave A of a flat correction. The wave A has unfolded into to three waves marked in green ABC (3-3-5). We can anticipate a 3 wave up move B which should unfold as a 3 wave move. The current move in the counter has completed a 5 wave impulse move which went above...
Ashok leyland has been consolidating for a long time. The chart formation looks like it has completed wave A of a flat correction. The wave A has unfolded into to three waves marked in green ABC (3-3-5). We can anticipate a 3 wave up move B which should unfold as a 3 wave move. The current move in the counter has completed a 5 wave impulse move which went above...
Yes bank has been correcting from a High of around 1440 level. It may see levels around 1050 in the coming days. SL @ 1330
Looks like the third impulse wave of TATA motors has come to an end. Expecting a complex correction for wave 4 around 515 ~ 540.
Auropharma is giving a Buy Setup!! After the correction in 5 wave.. I would expect it to give an upward correction towards 50 to 61.8% fib levels. Happy Trading!!
AbirlaNuvo is potentially breaking down and would go lower for target of around 1250.
Hey Guys, How you all doing ? Hope you are good... Its been a while right,since I posted ? Yep, I'm Back... Take breaks quite often guys.. what's the need for money ? To enjoy the life, so when you make money we should take care of the fact that making Money itself won't become a stressful work. So frequent breaks always helps. Let's jump into analysis & see...
It is been observed that the price action trending up on daily chart and recently breaks out of downward correction channel on daily chart. Today, Nifty corrected on a big move but the price action in this doesn't change. Bulls are in control and dominance in current scenario. It has completed 8 Waves cycle and now moving onto a new impulse wave. It is a good time...
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!!