The fall might not be over but we have a small scaling opportunity to gain some pips. The risk reward looks favourable for the intraday.
Hourly new low formed, can enter short at golden fib., Level.. 4hour tested the dynamic resistance (sma20). Think and trade in probability..
If you are long 1454 is STOP LOSS, If you want to go for SHORT, SELL only when it's a breakout from the CHANNEL pattern. BELOW 1454 LEVEL. And as per ELLIOTT WAVE, it seems completed a 5 impulse WAVE structure since it's the INCEPTION. So Next ABC correction pattern.
HCL TECHNOLOGIES fundamentally strong and P/E is showing it's cheap to BUY now for LONG term investors. 1067.80 has a Strong RESISTANCE LEVEL if breaks this level BUY, and 1067.80 will become STOP LOSS. If failure to break becomes reversal 1067.80 will become STOP LOSS and go for SHORT. Note: These Targets for only Long term investors and Positional...
AS PER THE COT REPORTS, THERE IS STILL POTENTIAL TO CONTINUE SHORT IF RETEST THE 30 FIB LEVEL DOWNSIDE CAN GO FOR A SHORT AND TARGET UPTO 50 FIB LEVEL IN 1 HR TIME FRAME PROBABILITY ALWAYS WINS
Widening channel pattern. 1. Stock broken the parallel channel and retraced to 0.5 fib. 2. Currently at good price to hold for medium term. Note: This is not a suggestion to buy and just for educational purpose only.
Infy at long-term trendline support, taking support at 61.8% fib level. Can go up to 1500 easily.
IN CASE OF WAVE 5 STOCK HAS 2 POTENTIAL TARGET OF 5450 AND 6350. IN CASE OF WAVE X IT CAN GO UPTO 4850-4900
NEW IMPULSE OR ABC ZIGZAG?????AS OF NOW A DIAGONAL PATTERN HAS FORMED WHICH IS CURRENTLY BEING RETRACED.WHERE IT WILL END??? PRICE CONFLUENCE COMES @1471.80(61.8% RETRACEMENT OF WAVE 1 OR WAVE A) -1468(1:1 WAVE AEXTENSION ALONG WITH PARALLEL CHANNEL LINE).THIS DIP SHOULD BE USED TO ACCUMULATE IF ANY REVERSAL CANDLE APPEARS NEAR PRICE CONFLUENCE LEVEL @1466-1470...
TATASTEEL HAS COMPLETED 5 WAVE'S OF IMPULSE.IT SEEMS LIKE CURRENT CORRECTION HAS TAKEN FORM OF ABC ZIGZAG AS WAVE A DROP IS RETRACED TILL 61.8% COMING@ 911.50.YES PRICE DID CROSSED THIS LEVEL ON THE UPSIDE BUT FAILED TO SUSTAIN IT ON CLOSING BASIS,INDICATING END OF WAVE B.IF WE GET BOUNCE TILL 900 THAN STOCK SHOULD BE SHORTED AS CANDLESTICK IS ALSO SORT OF...
Eicher Motors Bullish Sequence above 2404 level 240 Mins Chart (log scale)
BANKNIFTY Resistance: 31823 - 32159 - 32586 Support: 31352 - 31060 - 30588 - 30253 - 29825
NIFTY Resistance: 14535 - 14639 - 14770 Support: 14390 - 14300 - 14155 - 14051 - 13919
Crude levels ...23/04/2021 1hr candle)
CEAT EQUITY levels ...23/04/2021 (D candle)
ABFRL EQUITY levels ...23/04/2021 (D candle)