We expected a gap up opening, however Nifty opened flat .. However, the market headed in the same direction as suggested in yesterdays post.. Moreover I had also mentioned that, in case of a volatile market, we may able to witness the first leg of next impulse post completion of correction .. Nifty after correcting till 11430 level, commenced its next impulsive...
Analyze And Understand This Very Important Chart Deeply ! :) NSE:BAJAJFINSV
What Nifty has been witnessing since 27 Aug is a correction and the same continued today as well ... Hopefully expecting the correction to complete tomorrow ... Presently, my overall view on Nifty is bullish ... The zone of 11530-40 is critical and Nifty took resistance from there today ... Expecting market to open Gap Up tomorrow, probably at the zone itself ......
I think it'll terminate, which is high probable scenario...
Great Upside Opportunity !!!
Stock looks bullish with Impulse 1 and 2 completed and started Wave 3. Break and close above 82.2 on daily chart confirms up move. All dip towards 80-75 long opportunity Stop Loss 60/58 on daily closing basis, target 130-135 in short term. Long term 250-270+ since fresh rally should break previous high and continue up move Disclaimer: Small cap share so...
As plotted on the chart, wave v of wave (iii) is under progress ... Expecting the same to complete at the resistance zone marked on the chart (11730-11740) ... From there, expecting a correction till the support zone marked on the chart (11560 - 11540) ... For Monday, expecting a gap up opening, followed by a rally till 11740 and probably wave a of the corrective wave.
Stock currently in upward trend and may break upside. Wave 4 has formed skewed triangle and about complete final Internal Wave E. Long in the zones of 199-195 Stop loss 179 ( if hits loss will be ~10% of entry price) breaking 185 will be tough. Targets for Wave 5 235(as per fib extension drawn between wave 2-3-4),245-250(aggressive) Notable resistance 212 non...
Analysis of Today So as we had discussed yesterday that it appeared that a 5 wave pattern has completed, but Nifty had something different in mind and decided to gap up and complete the pattern further ahead than what we thought of ... So Nifty opened at 11610 and attained a day high immediately at 11617 thereby completing the 5-wave pattern ... But as we...
As suggested yesterday, Nifty after initial fall did continue with its bull run .. Also I had mentioned that 11540-11560 will act as resistance and Nifty did take a pause at that level ... Today the chart plotted is from a broader perspective .. It can be seen that Nifty has formed a diagonal pattern (rising wedge) ... To me it appears more of an ending diagonal...
Bullish Triangle Running – A Classic Scenario for MCX Gold ------------------------------------------------------------------------------------------------------------------------------- Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy,...
If only if this up-move is in the motive phase up !
Deepak Nitrate shows Bullish bias for 3rd Elliott wave target 870. Conversely it's cup and handle breakout with cup height ~260+600(breakout point) =860. Stoploss 550. Entry on any dip towards 600. If Wave 4 retraces 0.382=712 then wave 5 target 960-70 If Wave 4 retraces 0.272=772 then wave 5 target 1032 Calculations and actual movement in stock may differ ask...
Amazing Setup. :) NSE:LICHSGFIN
If this count is right, then we'll see more upside for wave (v) of some larger degree impulse leg. NSE:DRREDDY
NSE:NIFTY Till date Nifty on wave 3 on larger degree of Elliot wave Explanations:- ** If we subdivided wave into shorter degree or in 5 wave its match with Fibonacci retrenchment levels in all subdivision of wave 1. ** On wave 2 which is a corrective wave also match with Elliot wave rules and its take corrections within 50% of wave 1. ** On wave 2 ...
Stock post breaking Leading Diagonal started upside with big volume. Long all dips towards 330-310 Wave 3 has started which should move towards 400-420 (1.68 Fib level) zones. STOP LOSS 277 In longer horizon Wave 5 (equal to Wave 1) positional target 475. Wave 4 will be complex and long correction towards 365 (0.382 fib level). Disclaimer: Calculated and...
Let it correct with proper corrective structure ! NSE:GODREJCP