support 700 can short if negative sentiments buy above 712 & 719 till 732 reverse from 734 if crossed 734 next 764
Elliot Impulsive waves fit the Fib levels perfectly as drawn on chart. Corrective waves are not on. Hypothesis 1 & Positional Idea: Wave B is complete. So Short below 96.5 for 90. Hypothesis 2 & Positional Idea: Wave B is not complete. Go Long above 100 for 102.5 I tend to prefer Hypothesis 1!
The Hammer + NIFTY trend suggests an upward movement is on for tomorrow. The idea is supported by FIB retracements, both for the recent fall & overall COVID fall. Positional trades: Buy above 88.65 for Risk-takers & above 89 for the risk-averse for targets of 90, 91, 92.5 & 94 with SL at 86.8
LT is back in its value area after a downward dip breaking the trend line. Please See linked ideas for details. Key levels are marked on chart for the upward movement and positional trades. The stock saw short covering when it touched 900 leading to an immediate rebound. The OI Status as on Friday is over 20 Lakh open interests for 950 (5Lakh) to 1000 levels...
Gail looking for at least 10% upward move.will get resistance 105-106...Targets on chart...
Voltas made a bullish run from 100 DEMA to 200 DEMA in a day only to retrace back a little & is now perched beautifully just below the 200 DEMA & 50% FIB retracement level as shown on Chart. Its a precarious level with both scenarios of break and rejection equally possible. Volume & Momentum seem to favour a break upwards. Pay attention to NIFTY trends and...
Levels on chart. Long above 189.8 for 196 with SL at 186.5 Observe Stochastic levels with previous rebounds for confidence Keep a track on Bank Nifty levels - refer linked idea (1.0) for correlations
Heavy Short Build Near ~ 1860, 1880 Zone, Derivatives Long Position Closed Aggressively Next Support Near ~ 78 % Retracement ~ 1740. Entry Level ~ 1845, 1850, Stop ~ 1885, Target ~ 1740
As per my analysis Copper is on Correction ,So wait and sell at 500 - 500.60 Stop loss level at 501.60 Target Expected 497 / 493.70 / 492.30 Gann And Fibonacci Always rocks Follow us and support us and help us to grow tycooninfotek / tycoonstradingsecret
As per my analysis Crude oil is on Buy Trend correction ,So after correction buy at 3046 Stop loss level at 3014 Target Expected 3101 / 3148 Gann And Fibonacci Always rocks Follow us and support us and help us to grow tycooninfotek / tycoonstradingsecret
As per my analysis Crude oil is on Buy Trend correction ,So Sell now at 3070 - 3080 Stop loss level at 3098 Target Expected 3046 Gann And Fibonacci Always rocks Follow us and support us and help us to grow tycooninfotek / tycoonstradingsecret
As per my analysis Crude oil is on Sell ,So Sell at 3075 - 3085 Stop loss level at 3098 Target Expected 2986 Gann And Fibonacci Always rocks Follow us and support us and help us to grow tycooninfotek / tycoonstradingsecret Today at 8 pm IST we have crude oil inventory
As per my analysis Copper is on Correction ,So Buy at 500.60 Stop loss level at 499.20 Target Expected 503.70 / 506.20 Gann And Fibonacci Always rocks Follow us and support us and help us to grow tycooninfotek / tycoonstradingsecret
HDFCBANK retraced more than 61.8% from top. Leading Diagonal wave is 5 wave pattern which is formed in wave 1 of impulse or wave A of Zigzag. HDFCBANK to start fall post close below 1093 on hourly chart. SL can be 1120-30. Potential wave targets are in coming days Wave A 1046/1020 Wave B 1075/1065 Wave C 1002/960
The rise of SBIN from 177.15 to 202.5 and the subsequent fall to 191.65 (so far) fits the Elliot waves perfectly as can be seen on the chart. Positional Trades for Tomorrow: Idea 1: The correctional waves are done at 191.65! So Go Long above 193.3 for 195.8, 198, 202, 206.5 with SL at 192. 195.8 is a key Resistance/Support (Check linked idea!). So Trail SL...
First source solution (FSL) looking for breakout from parallel channel. Third Elliot Wave has been started which can be confirmed by volume blast. Formed cup and handle pattern which is near breakout point. All dips towards 42.3 - 40 are long opportunity Stop Loss 34.9 on daily closing basis. Check chart for more details. Third wave target 58 Fourth Wave target...
HDFC Bank appears to have completed the EW Impulse Structure. Wave 5 has probably made a top at 1125. The momentum has slowed considerably during the previous week. The volume trend has also diverged from the last leg of the rally. It is highly likely that it'll consolidate / retrace with profit booking, until Q1 Earnings release on July 19th From May low of 825,...
Having gone past 200, I expect a slightly gap up opening tomorrow (around 201-202) Let it stabilise: 202 is the next resistance so watch for it to close above 202 (you will need to scroll to the left to see why) Above 202, if it sustains and if BankNifty sustains above 23000 - We should get nearer to 207 As for why please refer the linked idea.