by looking at the opening and movement this will be possible for this week, lets see
INEOS Styrolution looks bearish. Has corrected from its all time high and is now available at Dec '20 levels. If breaches the trendline, may see more correction upto key support level.
The stock has taken support at the confluence of multiple technicals like pitchfork median, 138.2% fib.extension and E89 band.......go long and make money
Mindtree will correct more as per log scale . as shown .
Asian Paints is correcting in wave iv (of many times lower degree - means its in a wave 3 of many higher degrees) . It would be a screeching buy at at 2500 levels irrespective of the fact what Grasim does . Wait for that buy point . But at present short . Regards
TCS is correcting in wave iv . Kindly see 38.2% correction is pending on log scale and not on arithmetic scale. This 38.2% would only be price correction . It might be wave A of a triangle . Whenever a corrective structure is completed it will be retraced by more than 0.618% for wave B of a flat or a triangle. Regards
Banknifty recovered up after fall from 34820. Currently wave 2 of zig zag in progress. Risky option would to go short near 34700 with SL 34820 or can wait for confirmation break of 34530 for downside fall minimum target 34000. Wave 3 will go beyond 1.618 fibonacci extensions level. Channel break needed for sharp fall so watch as plotted on...
BULLISH above 34400 for 100,200,500+++ BEARISH below 34160 for 100,200,500+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
LT gave a good breakout of the trendline & is now on its way back down to retest the trendline. The ideal place to buy will be between 1585-1600 as it is also the retracement into the fib golden zone of its last move up. the recent import duty cuts on raw materials like Iron & levy of export duty on steel products should also be of benefit to the stock.
Trade at your own risk. Here it Reliance industries Elliott wave chart WE R ON 4TH WAVE subwave of 4th wave. WXY wave W And X wave complete respectively as per rule Y wave coming as ABC wave let's see what happens
SUPPORT ZONE 1599 BUY 1601 TARGET 1650 STOP LOSS 1590 Predict only
Stock has taken support around 1050 levels which is also a 0.50% retracement level. Stock is showing higher buying volumes and good strength. Can be bought around 1200 with a target of 1500 and SL of 1050. DISCLAIMER: Only for educational purposes only.
Breakout in CEBBCO in Daily timeframe. Entry: 63.30 Targets: 80 and 97 DISCLAIMER: The ideas shared are only for educational purpose. The markets are very volatile, so plan your trades accordingly. Please trade with stop loss. I am not SEBI registered.
From long term or short term perspective, this stock has to correct to 130-140 level, to be able to see strong & healthy uptrend to break resistance @200 which hasn't been breached since 2018. Lack of volume and strength to breakout. May witness short rally upto 205 before declining.
Power Grid Corp looks bearish, expected to retrace upto Fib 38.2% level i.e. between 185-170 level. May even touch 168-165 before resuming uptrend.
NSE:ASHOKLEY shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 149.15 Target 1: 134.20 Stop Loss: 118.65 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our...
According to price action IT has broken the parallel channel of hourly chart Fib retracement is at .618 which is vey important ration also kwon as golden ration Dividend date is also coming on 25 may . A target of 480 would come . This is for educational purpose.
Looks like nifty will move another 200 points from here this week, based on the fibonacci levels, let see