EW
M&M swing trade to 1323 comingM&M after completing a Ending diagonal in the downward impulse made the thrust up. Expected Wave could could be A completion.
Entry: two part entry at 1283 and 1277
SL conservative: 1260
SL aggressive: 1271
Target: 1323 and if like part booking 1310 is a option
Expected hold period minimum: 5days.
Entry 1280 Average entry 1283 & 1277
SL 1260 Conservative SL
Target 1 1310
Target 2 1323
Reward min 30
Reward max 43
risk 20
ROR1min 1.5 At first part book level
ROR2max 2.2 At last target
CIPLA WEEKLY Waves analysis Series #01Cipla weekly looks in a Triangle correction. prefered counts is Wave(4) and alt count is (X)
so cipla is going to get choppy for sometime.
I feel its better to avoid long term longs in this counter
Long term positional short SL 645
CMP 592
TGT 537.5/430
Remember D leg comes around 537.5 after which E leg pullback towards the barrier is expected.
Trade at your own risk and I have all rights to go wrong.
Banknifty probable EW countsSeems we are in final wave from the low of 17607 so caution should be exercised in long positions.
Seems wave (iii) may have ended and Irregular Correction is unfolding in wave (iv). If its a case then Wave C can extend till 123%-138% of A, where initialing a long would be prudent.
Negation above day high.
BHARATFIN EWA bulls not be happy yet !!BHARATFIN in W5 has done 2.618 W1 and hit a EW W5 trendline tgt found bulls exactly there with a big bull bar.
But the w5 structure shows it can go for one more low and only pullback is happening.
above 600 any dip can be bought for a hit-run target of 630.
Bears climax is soon. after that bulls can feel safe
Long on dips above 600
Target 630
SL 579