In the daily chart it forms an ascending triangle denoted by the thick blue line. Also, I see a perfect ascending triangle in the 4hr chart (denoted by the dashed/dotted red line). The candle sticks are hovering at the horizontal line of the triangle. This is good. MACD looks like it has confirmed the uptrend and RSI is currently at 59. I guess there is some more...
Prices should drop to 1400 levels for an UP wave to 2125-2150 levels as per my Wave Analysis.
PNB Housing Finance Ltd_Long_Daily_12.11.2017 Quality - Average Valuation - Attractive Financial Trend - Very Positive Entry - 1398 Target - 1499.5 Stop Loss - 1347.68 Delivery Quantity - Decent
Nifty Gap filling process have been completed, Does bulls push back into trend line. If yes then have to wait and watch how far will move forward. And also it was found that Nifty reversed from 50% Fib level and Sharp bounce from 50 SMA. If bulls mange to push above today's high then index will be back in trend line and can head towards fib extension 1.272. Happy trading
As per my wave analysis, the present BO is a false BO and it will reverse and go to 880-850 levels. Right place to then BUY for long term for further gains UP - at least 2 years and if you keep it for 3-5 years it will be reaching at 1725 levels. WAIT Game.. buy when low and sell at high system.
Notes on the chart. Trade safe, stay healthy. Do hit the like button, it does not cost anything :) Regards Bravetotrade
BANKNIFTY - W AND M - indicates that the current wave has not ended and this is correction from the TOP 25690.. Either price will go to 24900 levels and/or can travel to Blue TL i.e.24500 levels too ( more chances ) before it rebounds and goes UP to 26000- 26200 levels.. Or it falls to 25000 levels, and then goes to 26200 levels. Bottomline : Prices should...
Presently, it is in correction and it seems that there are two possible options, as indicated in the chart. Bottomline, let it finish this correction and as indicative in HTF - W AND M - the last wave UP has not completed yet, so from here it will correct and go UP all the way to 10600-10700 levels.. Plan your strategies accordingly, just as I will. Again, a...
NSE:BPCL Daily chart. C wave seems to be touching 61.8% Retrace of Fibo. If green candle at this level & stock crosses above 530 on daily candle closing basis it may touch 580 by December 10. Stop below C level = 490. Go long only if long bullish candle at this level. If C level breaks, Trade level becomes invalidated. (bcz 78.6% retrace is not trustworthy) ..
NSE:ULTRACEMCO Weekly Chart. AB=CD in process. Stock above safe buy zone. But seeing the previous wave this trade seems risky. Enter with small quantity. Stop loss below C zone (3783). Target D level = 5200+ By end of Feb 2018.
In a Channel. Sell Till 10391, Resistance @ 10451. For Education Purpose Only. I am not SEBI Registered Financial Advisor.
NSE:NIFTY Nifty Spot currently trading @ good support zone. A: 61.8% Retrace of Fibo (Drawn from right to left) B: Gap up level. C: Previously double top level.. So watch how Nifty trades at 180/220 zone. Price action is the key. Not predicting anything here. It should show some hesitancy @ current support level before making its mind.
Forecast for L&T : Short now and then BUY on 850-800 levels for UP to 1500 levels. WAIT Game.. Buy low and Sell High..
evening star is one of the powerfull japenese charting techinque . 1st day ndcale green 2nd day star + DOJI which shows buying pressure is reducing and 3rd day red candel penetrating in 1st candel showing selling pressure is taking over the buying pressure. levels shown in chart
Stock is showing strong support on 50% zone. Expecting it to retrace to 220 zone. stop loss should be immediate lower Fibonacci level
0.618 is an important level. It found support at this level last time before it began the upswing. Will it find support here this time?
PALRED_Long_Swing_02.10.2017 Stop can be kept below the below the bottom trendine
As per my Published Idea on Oct 26, prices of BAJAJFINSV is almost near the target 5000 level area.. which makes it a nice BUY for an UP move to 6400 area.. However, PLEASE WAIT for CONFIRMATION as the prices should go UP with A THURSTING candle above the 5100-5165 small BLUE BOX as well as close above the BLUE TL above.. and NOT REVERSE from there.. Go for it...