$CHFJPY looking for this third wave correction with excellent risk reward but tight sl risky but worth it lets see
Grasim spot cmp 1750 levels cup and handle pattern formation, where breakout can be confirmed above levels of 1835 , need 2 consecutive daily close above levels for confirmation symmetrical triangle pattern formation, where counter have resistance zone around 1790-1825 levels and support zone around 1690-1720 levels. decisive breakout on any side would lead to a...
Is MCX crude oil downtrend a trap? According to the Elliott Wave analysis on the crude oil daily chart, it has completed wave (4) and trying to move out from the Parallel channel’s (PC) control line (CL). If that successfully remains above CL, crude oil prices will hike from CL to the resistance line of the PC. That’s a direct call for target levels of 7800 –...
As per elliot wave theory counter is on verge to mature its motive phase, ascending wedge pattern formation have resistance zone around 355-361 levels counter have given bearish reversal on smaller time frame below 354 levels now zone of 354-360 would act as strong resistance zone for counter. bearish divergence on rsi with respect to price, use rally in counter...
* I personally don't give too much attention on moon-phase for price-action * BUT One very interesting observation I have. Just use a simple prediction where the Nifty can go from there. A couple of observations: The dotted line is the prediction based on the last 50 days similarity pattern of the price action. Its going up for 14 days (1 moon period),...
GOLD and SILVER have been in a downtrend after a surge in Mar of this year which was a reaction to the Ukraine invasion. A lot of "GOLD is a safe haven " traders may have entered in post the invasion and have been stuck for over 6 months as the metal moved down over 21%. Of course the continuous downmove since then may have forced a lot of exits. We can now see...
Crude oil is looking Bullish ahead Reasons are mentioned below Inverted head n shoulder Neckline Breakout Price taking support from RK's Mass psychological cloud and RK's stopline in daily time frame Possible wave counts on weekly chart Possible wave counts on Daily chart Possible wave counts on 4 hourly Possible wave counts on 1 hourly Price...
GODREJPROP Looking Good for Small R:R Swing Trade All details Provided on chart itself
NSE:ASTERDM chart is showing a bullish breakout pattern consistently. Starting around 243 level, it's actually an Elliot Wave 1-2-3-5-6, every time nice flag and pool pattern is creating. The EW motive pulse is the pool and the EW corrective pulse is the flag consolidation. And it's now in Wave-5, the most prosperous wave of EW. Go LONG with a SL of 243.
MCX zinc has been forming the corrective structure in descending channel for more than 28 weeks. The ending point of impulse was 383.55 . At present, MCX zinc has accomplished the corrective wave ((B)) and started forming sub-waves of the impulsive wave (C). Price has completed 78.6% retracement, where wave A = C at 217 . Zinc has accomplished wave (4) of...
#banknifty weekly TF analysis:- Let me post what exactly I am seeing on Weekly Chart:- We have come out of triple combo complex correction of the 4th wave and currently, the 5th wave is running, the bare min target of this wave is 47,570 and the invalidation level is 32,290. We hope to see these levels in the next 6 months to a year. Regards, SG
Nifty's rally from Mar '20 topped out on 18/Oct/21 at 18594 (near month futures contract) - almost a year ago. Since then we can clearly see a sideways move that has gone within the earlier range for almost a year. One can see the subdivisions tracing out a complex W-X-Y correction. The upmove from 15676 starting early Mar this year topped out last month at 18123...
Timeframe: 8h Price started to form impulsive wave C after Bajaj Finserv completed correction wave B. There is also the possibility of altering the count with W-X-Y. Wave (b) retraced 50% of wave (a), which signals intense supply pressure. If the price breaks wave (a) at 1621, traders can sell for the following targets: 1594 – 1569 – 1549 . Calculations are...
$BTCUSDT looking for short oppurtunity as it have completed a corrected wave to the upside now looking for the downside in short term
tata steel good for long at current price of 100.25 stop and target mention on chart. more than 1:6 RR trade lets see, whats market plans now, i m going to buy this tomorrow on deewali. HAPPY DEEPAWALI.
NSE:LUPIN has just completed wave 1 which was a leading diagonal, with deep corrective wave 2 almost 0.236 of fibo retracement and also healthy volume built-up which looks good to buy, with Sl of 594 and Target of 733 , 881 .
As we can see a clear 5 wave down and a 3 wave pullback, this can go down further. A great risk reward sell trade can be taken with a stop just above 0.9880.
#banknifty Can Reach ATH by Diwali if 40,650 HOLDS? After two days of consolidation above 40K, we might head toward further upmove!!!y Fasten your seat belt, if today's high is breached. #nifty #Elliottwave #elliottwaves #stocks #StockMarket