Escorts good long candidateEscort elliot wave study and price action study,, counter is on verge to complete its 4th corrective wave of impulse phase and giving breakout from symmetrical triangle pattern formaiton,,
Good long candidate
Elliotwaveanalysis
Bank nifty good long candidateBank nifty .. Elliot wave counts and Equivalent ABCD harmonic formation,, all information mentioned on chart,,
Good long candidate
Hindustan Unilever Limited - EWAThis stock has broken out from complex corrective pattern and has completed 1st , 2nd and 3rd Wave on daily chart. This can further be confirmed by looking at hourly charts. Look out for complex correction in Wave 4 before 5th Wave breakout.
Happy Trading.
Tata Motors Gearing Up for Impulse Wave 5 Tata Motors after Mar 2020 low 63 moved up by making wave 1 as leading diagonal
Next sub impulse wave (1) and (3) were normal waves without extension.
So (5) was explosive up raising 300% or wave (1)+(3) at 357.
After 357 high it retraced very small portion 0.232 Fibonacci level or 23% which is common in case of wave extended wave.
It appears to be making cup and handle pattern which could reach well towards 0.618 Fibonacci zones.
This rise from 280-360 is also observed to be leading diagonal
Minimum target of Wave 5 will be 0.618 of wave 1+3 combined which is 460
Long near 325-310 zone, with Stop loss 380, target 1 460, target 2 570
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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Lauruslabs long signalNSE:LAURUSLABS Lauruslab all time high..in daily timeframe and as per elliote wave projection in 15 min today it had 2nd wave that correction and ay tomorrow it start 3rd impulse wave which ll go upto 720-23 ...hope for good...
caution: its only for education purpose tarde with ur own risk.
Nifty zig zag 4th Wave correction on the wayWave C is expected either be a ending diagonal or zig zag going down in the channel as shown.
Once this move is done near 15580-50 levels another big move UP will take place.
Target 1 level as you can see 0.618 Fibonacci retracement near 15580 or 1.382 fib extension of Wave A.
Target 2 level is 1555 is 1.618 Fibonacci extension of Wave A
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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#banknifty analysis for 31th May'2021 #banknifty analysis for 31th May'2021
Decision Line:- 35,142
Resistance:- 35,524 / 35,960 / 36,326
Support Zone :- 34,751 / 34,410 / 34,142 / 33,850
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
INDIGO: Bullish Triangle BreakoutAfter a long consolidation for almost 6 months , finally the stock has given a breakout of the triangular structure. Assuming wave (e) completed around 1655 , Indigo is ready to give an upthrust out of the bullish triangular wave.
One should buy the stock on cmp and add on dips (if any), maintain the SL of 1655 which is the area of wave(e) and look for the target of 1880/1960/2020
#banknifty analysis for 28th May'2021 #banknifty analysis for 28th May'2021
Decision Zone:- 34,860 - 35,006
Resistance:- 35,200 / 35,550 / 35,960 / 36,350
Support Zone :- 34,751 / 34,410 / 34,142 / 33,850
Rising Wedge is not a good sign, book profit at higher levels.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards,
SG
#Escorts Great Investment Escorts appears to be a sensible purchase as a larger wave 1 & 2 has completed, indicating that there will be a substantial rally in the uptrend, leading to a goal of 2415.55 if it breaks all of the targets listed below.
The targets for a strong positional investment during the next 200 days are shown below.
1st Target - 1486.20
2nd Target - 2054.70
#bullish on PSU Bank SegmentSince the NiftyPSU is on an uptrend, looking at the waves indicates that it will be a smart buying as wave 5 has just begun.
Below are expected resistance levels
1st Resistance level at 2497
2nd Resistance level at 2667
3rd Resistance level at 2741 (Breakout level)
It can provide a target of 3067.
Nifty Redraw Elliot Wave Count and New High ProjectionFollow Blue count Wave (1) Leading was made when recovering from Mar 2020 low we are currently in wave (3) which is extended and still in progress.
Follow Orange count Five moves started in Oct-Nov 2020 which triggered massive rally wave (iii) extended nearly 261.8% of wave (i).
It came to end at ATH 15432 then this whole (i) to (v) wave sequence got corrected in the form of triple three retracing bit more than 23.6% at 14151.
Follow Pink count here wave 3 extended more than 200% and looks to have finished. So 4th was complex correction in the form of triple three.
The target for 5th wave in pink would be 16400 (38.2%) or 17789 (61.8%) of wave 1. This needs breakout confirmation 15432.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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Is this a Bull Trap?As Nifty completes its 5 Waves, Wave A and currently completing wave B Followed by C which is expected down side for a approx target of 13882.
Nifty Next Move (Continuation To earlier Chart)Wave C seems to be ended today near 14590
v of C was ending diagonal with internal zig zag moves.
Fresh Impulse has started 1,2 done and 3 started or a,b done and C in progress.
Expecting 1.382-1.618 when 3 or C goes up beyond 1.618 level extension is expected.
###Earlier idea link can be found below####
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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Glenmark Expanding Leading Diagonal on Monthly ChartGlenmark is expected move in expanding Leading Diagonal.
V wave of leading diagonal always moves beyond end of wave III.
V wave expected to move minimum 100% of length 0 to III somewhere near 1400+.
Most likely to 138%(1.382) or 168%(1.618) which are near trend line.
The prospects and analysis are for long term if anyone wants to keep stop loss then they would 405 or 161
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I am holding some shares in this and may sell or buy additional anytime.
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Bank of baroda 5th Impulse startThree white soldiers formed on weekly chart.
Dip towards 75-73 long opportunity
5th wave expected to be extended reaching anywhere between 1 to 1.618 levels.
If channel drawn on iii and iv gets broken aim for 1.382-1.618 levels. Other details on chart
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis
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Nifty impulse wave count and conditional upside breakout pointNifty came down in Zig Zag wave with C wave reaching 14650.
This is important support near trend line, interestingly that is near 0.618 Fibonacci level
Until 14782 gets broken there is no upside confirmation.
Once breaks will attempt new high as 1.618 Fibonacci extension above 15550+ or minimum 15210+
Bearish below 14460 so 14782-14460 is no trading zone.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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Muthooth Finance Extened 5th Wave and Pole Flag FormationAll analysis visible in chart.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
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HDFC BANK good short candidateHdfc bank spot cmp 1430
Sell on rise candidate
Currently counter is trading in corrective phase , impulse wave B of corrective phase,,
Wave C might unfold from levels of 1450 or from 1490 levels,,
Wave C might extend to levels of 1250-1200..
View gets negated above 1500 on closing basis..
Head and should pattern formation have right shoulder peak around 1460-1480 levels,,
From there it might take turn towards neck line which is around 1360 levels,,
Bearish divergence on RSi,, RSI facing Resistance of falling trendline,,,
Good short candidate...
