Stock is on an ongoing impulse in daily, weekly, and Monthly timeframes.
Currently in 3 wave of short term. and 5 wave of Long Term.
Stock must be accumulated at every dip. The target zone is marked on the chart.
The analysis is only for educational purposes. Please trade at your own risk
BSE:METAL has broken out of 12 years of consolidation.
Advancing higher in wave 3. The Larger wave 3 and 5 can take Index and Metal stocks Many fold.
Metals can be multibaggers. There is lot of opportunities for growth in this sector.
NIFTY 50 Analysis based on Elliot Wave Theory
1) 5-April-2022 to 17-June-2022: NIFTY 50 formed a 5-wave bearish impulse wave down from 18,100 to 15,175
2) 19-June-2022 to 13-Sept-2022: NIFTY 50 formed a 5-wave bullish impulse wave up from 15,175 to 18,075
3) 18-Aug-2022 to 13-Sept-2022: Waves (4) and (5) of the 5-wave bullish impulse wave were also the...
Long 75 stop loss 67 targer 92-112
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...
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...
After completion of B leg of Flat correction it seems reliance has resumed C leg. Two types of entries are possible in this scenario
1) We wait for retracement of wave 1 upto 61.8% levels and after confirmation intiate short position
2)We enter short after close below the end of wave 1
SL in both case will be invalidation point above which we will have to...
