As per my Published Idea on Oct 26, 2017.. Price of RELIANCE has reversed from it's UP trend and is in correction and going towards our target price of 850-875, to make a NICE BUY for an UP side to complete the last WAVE UP as per WAVE theory. Target price will be 1040-1050 levels. It's a WAIT game.. to buy LOW and SELL high!!
Do points 'A' and 'B' seem like potential buy levels with and eventually to 'C'?
It has been observed that the price action corrected sharply from the 340-320 levels and deeply went down to the previous support zone at 200-210 levels where now buyers coming and volumes increasing. Overall, indicating an upward move ahead. It is a sound company fundamentally with profit growth of 43% for last 5years. Currently, trading at low P/E. T1- 270...
GLENMARK has been moving in channels to what seems the accumulation on the weekly timezone. After a week long ranging , it broke above the 50 FIB level Currently taking resistance at 618 FIB. .Awaiting a breakout / reversal on account of results.
NSE:CNX500 Monthly Chart: Nifty 500 may touch 161.8% of Fibo = 9500 or it may just reverse from current "D" zone of AB=CD. Price action (Candlestick pattern etc) to be watched closely. First support 7500. Next resistance (200% Fibo Extension) @ 10800. This level comes to play only if Nifty 500 crosses 9500 & holds for a month.
NSE:TATACHEM Stock facing resistance after reaching 161.8% Fibo extension. Price action also suggests reversal on the cards. It may test "B" zone = 585/600 Levels. Stop above 780.
r After touching D zone, failed to trade above 161.8% Fibo extension. Now finding support near "B" zone = 215. Watching price action closely. No trade as of now.
1st lag- hike from $1000 to $3000 mark followed by 50% retracement as shown in chart. retraced level $1900 2nd lag- from $1900 to $4900 which was again followed by 50% retracement. retraced level $3100 current lag from $4900 to $6590 but their is a negative convergence(see chart) which i believe can be the start of the corrective phase in coming days.
NYMEX:CL1! CL Near "D" zone of AB=CD pattern. 161.8% Extension of Fibonacci is @ $ 55+. Watching price action closely for any short trade. Next resistance (If breaks this level) @ $58. First immediate target would be $ 50 (i.e "B" level), If price action says to short.
OANDA:XAUUSD Gold Trading @ small support area. No trade here. Watching price action in daily time frame. any rejection (Hammer candle etc) near $1265 may take gold up to $1300. $1265 & 1260 also marks Fibo+ Pivot point in weekly charts.
COINBASE:BTCUSD AB=CD pattern is almost done in BTC/USD in daily candles. $6300 area is where "D" wave ends. But BTC may see 1.618% extension of Fibo i.e near 6800+. Satying neutral here & just watching price action @ these levels. Next immediate resistance is 8000 (2.0 of Fibo ext).
Moving in a Channel. Falled from Resistance Level of Channel. Positional View. Other Details Mentioned in Chart. I am not SEBI Registered Financial Advisor.
This stock has reversed the trend and taking support at 38.2% retracement level. 1. The stock is consolidating in this strong bull run indicating weakness in the stock. Also the selling volumes are high. 2. One can long at this level with strict SL to gain the Q2 results anticipation movement upto 260. 3. For long term short at 250 with SL at 260 for a target of...
- A Triple top kind of pattern at ~ 1940 - Price unable to break Kumo - A Short at 1750 or 1775 with SL at 1815 & Target of 1620 (just above 38.2 retracement) should be possible - The above trade will be a R2R of 1:2 or little better
....... Detailed mentioned on Chart. DIWALI to DIWALI INVESTMENT. LONG @ 129 - @ 133 range for Expected 30%+ Yearly return. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
NSE:RELCAPITAL ABCD Pattern done, Stock touched 161.8% of fibo (725). now stock just hovering around "B" level aka 540/550. 495 & 440 is next support zone. Watching price action (Bullish candle etc) here. Neutral as of now.