Wave 4 of the ending diagonal completed and wave 5 started. Normally wave 5 should reach the wedge top. Occasionally it may overshoot or undershoot depending on the market behaviour. Be ready for a volatile market on tomorrow and Thursday.
Analysis Done on Spot / Cash Data ----------------------------------------------------------------------------------------------- Status Update at 09:13 Hrs / 9th April 2019 Last Price@11598 Buy Close to 11550 – 11560 zone ( No Buying below 11550) ----------------------------------------------------------------------------------------------- Key /...
This is not a good sign for the bulls, if the pattern is completed today, then we may see 10860/10900 levels soon. If we look at the chart, it pushed from the major support filling the gap and closed near 10780. If this is start of an impulse then bears will take the grip soon, assuming its 'wave a' then completion of 'wave b' can be in 10860/900 level. From the...
Bank nifty forming an ending diagonal of wave C for a steep fall soon. Long bank nifty for target 27900/28000 Only and only if touches 27369.
ICICIBANK has completed a large Ending Diagonal on Weekly and Monthly charts. We should see a rapid decline in on ICICI Bank. The targets lie around 140! yes 140! Similar patterns are also seen on Bajaj Auto, Hero Honda, Yes Bank, Motilal Oswal Financial Services and we have already witnessed what happened. Expect a similar rapid decline on ICICIBANK too
WE WON’T MAKE IT.’ ‘No, wait, should we?’ ‘No, we won’t.’ ‘Well, let’s make it!’ This probably was the conversation that took place before Jaguar came to the conclusion that an SUV is a must in their portfolio. Hence the Jaguar F-Pace The immaculate designing skills of Ian Callum & his team won’t stop with F-pace as it gets ready to launch E-Pace. E-pace packed...
Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving...
Axisbank is forming an Ending Diagonal which is also complete.. I would be buying Axisbank at current levels for Target of 550 and above and stoploss around 420 levels..
SBI has began its final wave 5 of the ED. During this time one can be long on SBI till a level of 275/-. After which one can expect a corrction to around 230 levels. Once can also notice the divergence in MACD.
HDFC bank is about to complete the ED formation after which it can correct to 38.2% levels i.e 1250 levels before it can move to further highs.
SBI is about to complete a 5 wave bullinsh cycle in an ED. One can look for shorting options as already it has made the high of around 270/- in the wave 3 of ED which corresponds to the 100% projection of wave 1 in the bigger cycle. Can the correction be a zig zizg ? Let's wait and watch. Also MACD has already started showing the bearish divergence.