30 Nov 2022 UltraTech Cement
Stock BO today with volume after 1 month of sideways movement
In Play : HH-HL
Summary
- Stock faked BO on 21 Nov to the lower side
- BO with Volume
- TL BO : Confirmed
- Above POC
- Text Book Head & Shoulder Pattern
Conclusion
- CMP 7077
- Long Positions can be...
jindal steel going to give good buy at 394, wait to enter.
targets and stoploss can be seen in chart can be seen in chart.
(all analysis based on elliot wave theory)
it is evident from EWP Voltas had ended its bearish impulsive wave.
one could have a long position to benefit bullish corrective A-B-C wave or W-X-Y with a price target 1050 witch is significant as it as end point of wave 4 of one lower degree
The global market indicates a positive start. market nature is bullish to neutral. market may open gap-up. there is going subwave 3rd continuation. once the 3rd finish then we will expect 4th minor consolidation to 5th rally continuation. on the other hand, if the opening market rejects sharply, then we will expect range bound market to correction.
The global market indicates a positive start. market nature is bullish to neutral. market may open gap-up. there is going subwave 3rd continuation. once the 3rd finish then we will expect 4th minor consolidation to 5th rally continuation. on the other hand, if the opening market rejects sharply, then we will expect range bound market to correction.
BEL has completed impulsive wave 5 at 258 and started declining for corrective formation.
BEL has completed corrective wave 5 of C of B at 250 . Now, BEL is forming lower degree's waves of wave C. If it sustains below 245 , BEL can fall for following support levels: 235 - 224 - 215.
Wave C can complete near 100 of wave A at 215 . It is called A=B .
I...
WTI has been forming a flat A-B-C correction.
According to Elliott's wave projection, the oil future looks bearish.
Oil Future has accomplished wave A at 193.17 , and sub-wave (c) of wave ((B)) is creating an ending diagonal.
The ending diagonal is a formation of five waves. WTI is to occur in wave 5 of an ending diagonal.
If you are a safe trader, you can...
NSE:TI is showing bullish price actions:
Technical Reasons:
A double bottom W patten is created
Tried to see if it's a Harmonic XABCD patten, not fully complying with this
Volume is going up,
Current trend is uptrend
Strong Momentum: Price above short-, medium- and long-term moving averages
Fundamental Reasons:
1. FII / FPI or Institutions...
NSE:PCBL is showing the following bullish patterns:
A rounding bottom formation (saucer pattern)
The current price action is negotiating a long term resistance, about to breakout.
Volume is double than the average volume for last two sessions
The price is above the adaptive moving average and in uptrending
Trade: Buy above 144, SL: 140, T: 147/152
...
The global market indicates a neutral start. market nature is neutral to slightly bullish. market may open neutral if the market takes pullback, then we will expect the range bound market to rally continuation. on the other hand, if the market takes a sharp correction,(market should break fib level 61%) then we will expect correction continuation.
The global market indicates a neutral start. market nature is neutral to slightly bullish. market may open neutral if the market takes pullback, then we will expect the range bound market to rally continuation. on the other hand, if the market takes a sharp correction,(market should break (18585 to 18549)then we will expect correction continuation.
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.
