SBIN seems to be in Big Green rally
As it has completed wave 1 at 428
wave 2 be expected to be ongoing
wave 3 target would be around 596
Followed by wave can go below till 428 which is the main support for it or it can bounce back at 490
For a target of 767 if it crosses 661 and sustains NSE:SBIN
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
Since 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.
This is internal move of nifty we can call iii of 3 completed at 15044.
Wave ii was shallow and complex
Wave iv is zig zag retraced nearly 0.618 Fibonacci
Reversal expected near 14605
Stop loss is top of wave i which is 14557
wave v of 3 is expected to go towards 15120 levels
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical...
Hi friends,
Nifty has been in downtrend for a while. Recent price structure as per Elliot Wave Analysis suggests it can continue to drift down a bit further. But as per Elliot wave the current down move doesn't show any major reversal yet in Nifty.
Key note is that >>> till major resistance is not taken out...all trades to be taken on the negative side in...
Market Commentary
As suggested over the last idea - comment this morning @ 09:51 Hrs / 27th Jan2021 - 1890-1900 is the important zone - If it holds then another upside push is open & it can travel to 1975/2000/2020
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******** Note- ...
Small Modification - Possibly Last Impulse ended in truncation at the lows @ 1855
Why Traders Have to be Careful-
Channel Resistance
Corrective in next higher degree possibly close to end
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Recap from last idea...
In cycle, A upward wave (5) ends with a terminal impulse of 1.36194. Hope thrust reveres back to at least
1.34687 to 1.34295/1.34033 and completely retracement at 1.31839 referring to terminal Impulse effect
or around 38.2% to 50% of the former big cycle in 4h time frame chart.
1h time frame wave (a) assumes finished, wave (b) is unconfirmed but the price...
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before...
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...
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
Review - SP500 Index / Review of Indian Indices - Nifty/ Bank Nifty
Last Ideas - NASDAQ 100 / Indian Stocks - ITC Review Done-6th Oct 2020 / Indigo Wave Analysis -5th Oct 2020
DISCLAIMER:There is no guarantee of profits or no 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 investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial...
