NIFTYFMCG heading to 31880 on 5th Wave of Elliott Wave . Good for investment.
It is been observed on the daily chart that the price action is forming lower highs and lower lows from Higher Highs and Higher lows, indicating a change in trend. It is further dip down and next support levels. Target 1- 1725 Target 2- 1700 SL - 1775
in weekly, wave C is going on. in closure look, there are a lot much left of wave C. wave B retraced 50% of wave A, so wave C should be extended. Now counting the fractals of wave C shows that, sub wave going on. looking at the retracement levels it can plunge below 560 levels. So one should exit in every bounce. Note: this is for educational purpose.
Can Butterfly Support ? It could be too early to suggest whether Z-wave is completed or takes another complex form itself but yes butterfly can help to give some relief next few days Long Term Analysis We need move above X-factor@732 - Double Top which will suggest that correction is done & out & we will be looking for all greens in pharma sector. Previous...
Nifty hourly chart clearly made double top and broke the neckline. It seems that downtrend is not yet over and we may see even lower level in coming days. I would observe 9966 - 9990 price Zone and short there on weakness anticipating the 5th wave to work for a good risk to reward trade.
NIFTY to rise for 9930-9950 to test 20dma and then sell off for 9530-50 by completing the EW.
At 9980 we anticipated a reversal and advised to be cautious on basis of broader markets action (look at nifty ADL divergence idea), we shorted bank of india and profited more than expected with the market fall. Now where is the market headed? This idea would talk about very short term and analysis is done on nifty spot daily chart. The index is at a crucial...
Well we don't have any confirmation yet but it looks USDINR has traced 5 wave impulsive sequence from double top@69.05 to 63.56 & Nifty touched 10138. Beauty is that now people talk about geo political tension between North Korea & U.S. - will that be the reason for market melt down or waves were indicating same. I have no idea & so cannot predict where markets...
The Stock has shown a zig zag ABC correction on 60 min charts with 5-3-5 legs of ABC which is generally the end of a longer leg. The C wave has given its 5th leg and in my opinion, it is completed. A trade to go long with 69.40 as a stop-loss and 79 and 81 as targets give a risk/reward at 1:4 and 1:5 respectively. CAUTION ADVISED, STOPLOSS IS YOUR GOD AND YOU ARE...
Medium and short degree counts suggest some downside for bank of india. Longer degree counts might disagree. Never the less, it can be looked at for shorting opportunities in short term till the latest daily chart swing high is protected.
USDINR seems to be taking too long deciding a break out of the range of Rs 65 and Rs 64. Keep an eye on Rs 63.95....
This is weekly charts of zodiac, When we observe the daily charts, we can see that 4th wave of c is in progress, with 5th wave likely to come to 192-190 levels. Investors should look to buy around 192 levels with a stop loss of 174, we are likely to get a move towards 260 levels, At 260 levels one can evaluate weather to hold or exit. For now consider buying at...
The risk reward looks very favorable, Hence posting this wave count. Remember the overall market is overbought and hence the stock needs to be constantly monitored for changes in wave pattern. for now we go with what we see. Stock likely to consolidate between 682 to 650 for few more days. Any decline closer to 650 should be used to buy. stop loss should be at...
Chart is well labeled Adani enterprises is likely to find support around 136 and move above 144, stop loss should be at 132.75
Chart and description has all the explanations. Stop loss 3035, entry 3070-3080, target 3200 if trend line crosses ...then 3400 also possible
The wave pattern in CESC suggest that we are in 5th wave of C. It could end anywhere in the region marked in blue rectangle. Once done , we might see a decline to 790 levels. One should use lower time frame to identify trade setup. as of now the stop loss is too far to take a trade position based on daily charts.
If 1915 doesnot cross , this stock is headed for 1730 levels. Complex corrective pattern under way, current in c wave of Y