It is interesting to watch the price action forming a leading triangle as it can represent a new Wave 1 after a all time high breakout. This chart pattern is generally known as continuation trend pattern and subdivides wave structure in 3-3-3-3-3-3 that indicates consolidation between buyers and seller to move prices.
The breakout from here on will define trend...
There is an opportunity to invest as the price action is moving up to Wave 3 after confirming and completing a regular flat corrective structure. Now we shall short corrections and high jumps in price movements.
Target 1: 56
Stop: 49
Happy Monday Friends !
Probably,few have Monday blues but we are the ones who wait for Monday...This particular post is kind-of educative analysis to determine overall view of the markets purely based on prediction from my experience.
Let's check our surfboards right away & get it ready to surf along Nifty waves...
Next resistance level for Nifty around 8800's...
ACC is giving a Short Setup.. After a large rally ACC gave a 5 wave decline correction from 1740 to around 1590 Levers after which it has moved back up again in what looks like a 3 wave corrective pattern indicating that it will go down again for a Wave C or Wave 3 correction down. One can short the stock at current price levels with stoploss just above 1740 and...
I have observed that the price action of ICICI on monthly chart is trending up and building a clear leading diagonal. It is been moving in 5-3-5-3-5 waves pattern that is narrowing gradually with the price action. At present, It is been observed that the leading diagonal has completed its Wave 1, Wave 2, Wave 3, Wave 4 and now it is preceding towards the...
Arvind is giving a Buy Setup for Either a C wave move or a 3rd wave move. Short Term targets are around 325 with Stoploss around 295.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
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Now there will be 1000 reasons and theories why Nifty dropped down from 8720's.To check n validate whether those are right or wrong is not our job and that's not worth our time. Let those reasoning's be right, it cant make any real money, but if you have traded in right direction with your trade plan( Be it fundamental or technical) ,if you made money you are...
JustDial's correction is potentially completed which also retested the breakout trendline around 78.6% fibs. One can go long on the stock at current levels with Potential Start of 3rd Wave Rally which would take the stock higher and at a faster pace. Short terms targets are around 750 and longer term targets are around 1000 levels and more. Details are on the...
Dishman Pharma has given a Breakout from its correction and has retested the breakout. It is now potentially ready for an upmove. One can go long the stock around current levels with SL just around 150 and Targets at 250.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook:...
BEL is giving a Buy Setup.. One can go long on BEL with stoploss around 1180 and Targets around 1375. Could give a breakout and upmove soon.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com
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TataElxsi is giving a Buy Setup and is ready for a substantial upmove upon breakout. I would be buy stock around current levels with stoploss just below 1590 for a Target of 1800 / 2000. Details are on the chart.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook:...
CastrolInd is giving a Buy Setup on 60mins timeframe. It correction can break on the upside soon.. One can Buy the stock at the breakout with stoploss just below the low with targets of around 465.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com
Twitter:...
ACC is giving a Bullish Flag Pattern Consolidation.. One can Buy ACC at CMP with stoploss just below 1650 and Targets around 1725/1750. Details are on the chart.
Happy Trading!!
Siraj Hudda, CFTe
Web: www.prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: www.facebook.com
Twitter: twitter.com
LinkedIn: in.linkedin.com
