We have seen volume spurt in hourly candle of 28-11-22. Stock is showing increasing trend since couple of weeks. As per the Elliot wave analysis stock can go up to 132 in next month itself. Stock is having PE ratio of 2.82 and PB Ratio of 0.58 only. Company is Maharatna status in PSU unit.
As seen in above chart Lauruslab is in complex correction Wave WXY, wave Y is in progress which is subdivided into ABC , in which wave C is in process can go down till 410-390 one can keep it has target. Risk management is Imp, use stoploss, Happy trading.
Here is my wave analysis on Bank Nifty at daily time frame, BN is about to complete it's 5 wave move to the upside, ending diagonal triangle formed at 5th wave is a sign of reversal. Time to be cautious.
The global market indicates a negative start. the market nature is bearish to neutral. market may open a little bit of gap-down, so we will expect correction continuation. On the other hand, if the market takes a pullback of around 38 to 50%, then we will expect the pullback to rally continue.
The global market indicates a negative start. the market nature is bearish to neutral. market may open a little bit of gap-down, so we will expect correction continuation. On the other hand, if the market takes a pullback of around 42380, then we will expect the pullback to rally continue.
BEL looks bearish for short time if broken below the line good to sell can go till 94.
SBI BANK has given a breakout of the 13-month-old Correction. RSI is above 65 , and the price trading above 200 EMA. At present, SBIN has accomplished the corrective wave (4) and started forming an impulsive wave (5). Price has already crossed the 1.00 Fibonacci extension of waves (1) through (3), so our next target should be Fibonacci's extension of ...
28 Nov 2022 TWL In Play : HH : HL CMP 183 BO with good volume, after 3 months of the consolidation period, momentum is likely to continue for higher targets of 191.65-211-224, RT of TL can be used to initiate trade for the mentioned targets… Wish You Happy & safe trading Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk. "Always Respect...
The global market indicates a negative start. as per the structure, the market nature is bullish to neutral. We have already discussed that Nifty and BankNifty structures differ from each other. Nifty has bullish sentiment and BankNifty has bearish sentiment. hence, the market may act based on that which is dominant here. and another one will take consolidation.
The global market indicates a negative start. as per the structure, the market nature is bullish to neutral. We have already discussed that Nifty and BankNifty structures differ from each other. Nifty has bullish sentiment and BankNifty has bearish sentiment. hence, the market may act based on that which is dominant here. and another one will take consolidation.
#28 Nov 2022 #Long Intraday Levels 1.Market Structure = ABC Or 12345 2.Support = Zone 3.Long Entry = Above 18470 4.Stop Loss = 18425 5.Targets = 18600 #Short Intraday Levels 1.Resistance = Zone 2.Short Entry = Below 18425 3.Stop Loss = 18470 4.Targets = First = 18246 , Second = 18133
#Elliott Wave Analysis #Daily Wave 5 = Target Achieve #H1 = All wave Complete
ITDC 27 Nov 2022 We witnessed a sharp rise in price which is supported by volume, exactly at the TL after a long period of consolidation. In Play : HH-HL Summary • Sharp rise in Price • Price rise supported by volume • POC 404 • Resistance 466 (Pre SH) • ATH at 747 Conclusion • CMP - 404.55 • Test qty can be initiated on break of TL • Add to the position on...
1.Support = 4260 2.Resistance = 6403 3.Market Structure = Bullish 4.Entry = 4985 Above 5.Stop Loss = 4255 6.Targets = First = 6397 , Second = 7588
BHEL 25 Nov 2022 The stock was showing a good price action for the past couple of weeks, today BO of previous resistance TL with good volume. In Play : HH-HL Summary • Clean TL BO with Vol • Trading above VAH • Next Resistance 108 : SH Conclusion • CMP 80.65 • Test Qty can be initiated • Add to the position on RT-TL • Higher Targets could be around o Short Term :...
25 Nov 2022 Reliance Stock is hovering in the zone of 2500 +/-10% for the past 1 year, now showing some strength. In Play : HH-HL Summary - Stock bounced from the VAH zone - few weeks of low volume PB - TL likely BO - ATH is at 2856 Conclusion - CMP 2618 - Test position can be initiated on BO of TL(as of now BO...
25 Nov 2022 GSPL Stock BO of previous TL on 15 Nov 2022 with huge volume, after spending 2 weeks in the zone fresh BO is seen with volume, likely momentum to continue. Summary • BO/RT done • Stock has shown a good support @POC around 238 zone • 76 days of accumulation • Fresh BO Conclusion • CMP 260.45 • Initiate test qty • Higher targets could be around ...
The global market indicates a neutral start. The market nature is bullish. The market may start a little bit of gap-down, if the market breaks the previous day's high, we expect a rally continuation with little consolidation. On the other hand, if the market breaks the bottom of the pullback sharply, we expect consolidation for a correction.