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Axis Bank Wave Analysis: SIP, Levels, 1800+ in coming years! July 2, 2024: AXIS Bank Market Analysis Current Market Price: 1261.90 General Trend: After the COVID crash of 2020, Axis Bank hit a high of 865 on October 21st , 2021, completing Wave 1 and entered Wave 3 after completion of wave 2 on June 16th 2022. The stock is currently in a bullish mode and it's in extension, having completed subwaves 1 and 2 of Wave 3 and it has broken out of a consolidation zone and is looking to surge ahead with subwave 3 of Wave 3. Ichimoku Cloud: Applying the Ichimoku cloud to the chart shows that prices are trading above the Monthly, Weekly, and Daily clouds. Hence, there is a high possibility of the stock entering Wave 3.3.3 after small dip near 1150-1170 that will be our 3.3.2 subwave. Entry and Exit Points: Long-Term Perspective: The demand zone was a good area to buy the stock; however, we expect a retest of this zone, which can be a good opportunity for those who missed buying Axis Bank earlier. > SIP Mode is best for long term. Expected Target: Once Axis Bank gives a breakout above the recent high, it is expected to hit the first target of Rs. 1529 . The next target could be Rs.1859 and even 2000+ possible in couple of years. These targets are derived based on the application of the Fibonacci extension and channels. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:AXISBANKLong
by WaveMoku
Kotak Mahindra Bank buy given near 1680 hold it Target 1900 ++Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
NSE:KOTAKBANK
by JaiPrakashShuklaHarmonicTrader
BSoft-ATH breakout retest of an investment stockNiftyIT sector is looking very weak as we have seen a breakdown of support. BSoft is one smallcap IT stock which has big potential to grow in future. Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish. If we see a fall in this stock and you are a long term investor, best price to accumulate this stock is between 490-520. Stock becomes extremely weak below 380.
NSE:BSOFTLong
by chartistamey
SOLARA ACTIVE PHARMA LTD : ONLY FOR FIBONACCI SETUP SOLARA ACTIVE PHARMA LTD : ONLY FOR FIBONACCI SETUP 👉Analysts of this stock are calculated based on Fibonacci levels only. At least the price can go up if it reaches 50 percent. 👉As of today, the pharmaceutical company has a market cap of 2400 crores with 30 percent promoter and 30 percent holding. Strong fundamental. 👉📉📈Price Consolidation near issue & first break out time 👉Target 985/1100 possible at short to long term Thi is education purpose only no buy or sell single.
NSE:SOLARALong
by Rr099
1:5 RR Trade: Sell Nifty below 23877 with SL 24120, Tgt 22670Based on Wave Analysis and the Ichimoku 1-Hour Time Frame, we have a good short opportunity with a very small stop loss. Time: 12:52 PM, June 27th, 2024 Current Market Price: 24,024 Why Short Entry at 23,877? Wave Analysis: Nifty has completed waves 1, 2, 3, 4, and 5. Wave 5 hit 127% today at 23,899 and touched the 24,000 psychological mark. We will have the first sign of confirmation if Nifty drops below 23,898 and sustains this level for 1 hour. It has to go for a correction. We will be wrong if Nifty crosses our stop loss after the entry is triggered. Trendline Breakout: When Nifty breaks 23,877, we will have a trendline breakout, which will be our second confirmation for short positions. Selling call options or selling Nifty futures with a monthly OTM CE hedge is a good option. We will keep updating more in the update section. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYShort
by WaveMoku
GBPJPYGBP/JPY 1-Hour Analysis: Bearish Reversal at Fibonacci Resistance Chart Overview: This GBP/JPY 1-hour chart analysis highlights a potential bearish reversal setup at a key Fibonacci resistance level. The chart shows recent price action characterized by higher highs (HH) and higher lows (HL), suggesting an uptrend. However, there is an indication of a potential reversal. Key Points: 1. Higher Highs and Higher Lows: - The price action has been forming a series of higher highs (HH) and higher lows (HL), indicating an uptrend. These points are clearly marked on the chart. 2. Fibonacci Retracement: - The 61.80% Fibonacci retracement zone around 200.400 is identified as a critical resistance area. This level is often watched by traders for potential reversals or pullbacks. 3. Support and Resistance Levels: - Resistance: The 61.80% Fibonacci zone (200.400) is highlighted as a strong resistance area where the price might reverse. - Support: The low marked on the chart around 197.400 is identified as a significant support level. 4. Price Projection: - The analysis suggests a potential bearish reversal from the 61.80% Fibonacci resistance zone. The projected price path indicates a decline towards the support level around 197.400. 5. Trend Analysis: - Although the recent trend has been upward, the approach to the Fibonacci resistance level suggests caution. The potential reversal could signal the start of a new downtrend or a significant pullback. 6. Market Sentiment: - The sentiment is cautiously bearish at the Fibonacci resistance zone, with expectations of a price reversal leading to a decline towards the support level. Trading Plan: - Watch for bearish signals around the 61.80% Fibonacci resistance zone (200.400). - Consider shorting opportunities if bearish confirmation occurs at the resistance level. - Place stop-losses just above the resistance zone to manage risk. - Target the support level around 197.400 for potential take-profits. This analysis suggests a potential reversal at the key Fibonacci resistance level, providing a possible shorting opportunity for traders. Ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
Short
by harshkjogadia
2
EUR/AUDEUR/AUD 4-Hour Analysis: Bearish Continuation Setup Chart Overview: This EUR/AUD 4-hour chart analysis highlights a bearish continuation setup within an established downtrend. The chart outlines key resistance and support levels, along with potential price action paths. Key Points: 1) Downtrend: The chart shows a clear downtrend, as indicated by the downward sloping trend line marked on the chart. The series of lower highs and lower lows confirms the bearish momentum. Resistance and Support Levels: 1) Resistance: The significant resistance level around 1.61496 is highlighted with a black line. This level, which previously acted as support, is expected to cap any upward retracement. 2) Support: The next major support level is marked around 1.59000, shown with a grey shaded zone at the bottom of the chart. # Potential Reversal Zone: A grey shaded zone near 1.61496 acts as a potential reversal zone where the price is expected to face resistance. This area aligns with the previous support turned resistance and is likely to be tested before resuming the downtrend. # Price Projection: The analysis suggests a potential short-term retracement towards the resistance zone around 1.61496, followed by a bearish continuation towards the support level at 1.59000. # Market Sentiment: The overall sentiment remains bearish given the strong downtrend and the anticipated resistance at the 1.61496 level. The expectation is for the price to continue its downward movement after a possible retracement. # Trading Plan: Look for shorting opportunities on retracements towards the resistance zone around 1.61496. Consider placing stop-losses just above the resistance level to manage risk. Target the support level around 1.59000 for potential take-profits. This analysis suggests a bearish continuation for EUR/AUD, with a potential shorting opportunity on retracements towards the resistance zone. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
Short
by harshkjogadia
USDCADUSD/CAD 1-Hour Analysis: Bullish Reversal Setup Chart Overview: This USD/CAD 1-hour chart analysis highlights a potential bullish reversal setup. The chart outlines key support and resistance levels, along with potential price action paths. Key Points: Trend Analysis: The chart shows a series of lower highs (LH) and lower lows (LL), indicating a prior downtrend. However, the recent price action suggests a potential shift in momentum. Support and Resistance Levels: Support: A significant support zone is highlighted around the 1.36700 level, shown with a grey shaded box. This area has previously acted as resistance and is now expected to provide support. Resistance: The resistance level to watch is around 1.37700, as indicated by the projected price path. Bullish Reversal Signal: The recent price action indicates a potential bullish reversal, with the price breaking above the previous lower high (LH). This suggests that the bearish momentum may be weakening. Potential Price Path: The analysis suggests a potential pullback towards the support zone around 1.36700, followed by a bullish continuation towards the resistance level around 1.37700. The projected price path is indicated by the upward arrow, showing the expected move after a pullback. Market Sentiment: The overall sentiment is cautiously bullish given the potential reversal signal and the support zone holding. Traders should watch for confirmation of the reversal with higher lows (HL) and higher highs (HH). Trading Plan: Look for buying opportunities on pullbacks towards the support zone around 1.36700. Consider placing stop-losses just below the support level to manage risk. Target the resistance level around 1.37700 for potential take-profits. This analysis suggests a potential bullish reversal for USD/CAD, with a buying opportunity on pullbacks towards the support zone. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
Long
by harshkjogadia
"Bank Nifty has broken all hurdles. Real breakout or fake?" Bank Nifty Monthly Chart Wave Analysis: June Candle: 2 more days left for the candle to close. Current Market Price: ₹51,575 We drew all possible resistance trendlines and channels, and Bank Nifty has clearly broken out above everything(just 3 days left for June candle to close), with the wave extending. Elliot Wave Analysis : Initially, we counted the October 2021 high as wave 3 in our past charts. However, the current momentum and breakouts suggest it could be wave 1, and we are possibly in wave 3 not wave 5th. REAL Breakout : BN will retrace slightly and then move up again with strong candles in the coming months and it shouldn't enter the big purple color channel and close below 50,100(July Candle closing). Buy on Dip: A good dip near 50,600-800 is a place to go long with a small stop loss below a 49900 day candle close. If entering at the current market price, the SL is the same. Possible Upside Targets : 53,700, 57,000 FAKE Breakout : The July candle will break the purple color fib channel, retest, and come down with huge red candles. The candle shouldn't close above the purple channel again. Sell on Rise: Sell only if the price breaks below the channel, around 49,900. In this case, short with a small SL. Possible Targets : 44,444, 40,000 Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:BANKNIFTY
by WaveMoku
CholaFin Wave Analysis - Wave 3 is Running! Use Ichimoku to RideCHOLAMANDALAM (CholaFin) Chart Analysis As per Elliott Wave analysis, CholaFin is still bullish. The price reversed after a strong bullish divergence in the MACD and has completed the subwaves of Wave 2 of Wave 3. Currently, it is moving up in Wave 3 of Wave 3. Use Ichimoku for entry & exits (Daily time frame): Entry Point: Look for a good dip to enter and avg(for long-term) when the price is near the Ichimoku Cloud's support. Enter when the Price breaks TS/KS with momentum candle. Exit Point: Consider exiting the position when the price starts to show weakness near TS and KS in daily chart. Another exit signal could be when the candle close below the cloud. By using the Ichimoku indicator in conjunction with Elliott Wave analysis, you can identify more precise entry and exit points to maximize your trading strategy. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:CHOLAFINLong
by WaveMoku