Flat
BankNifty Bearish Flag Pattern - at Daily Chart I always do analysis on price action, seeing nifty bank getting prepare for down side trend is expected as its created a Bearish Flag Pattern, Critical level 19340-18940, If 18940, broken and sustains below in 1hr duration then get ready for an down trend.
India Oil Chart Setup & Trade !!TREND ANALYSIS & TRADE SETUP
Wave Analysis & Chart Pattern .
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 8-12 times.
USDINR Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Wave Analysis & Chart Pattern .
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
Wait for entry setup, if available then Long/short.
Reward is 15-20 Times
Auropharma - Pharma Traps at 800 Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A
Sell below 440 for targets 400 /350 /300
Plan B
Buy Above 455 "If holds above 450 as a condition" for upside targets 475-480 & Above 480 for 500-510 & Above 520 for 530/540/550
Plan C
If Plan B activates & stock reaches 500-510 zone where it finds resistance or upside hurdle -traders can sell once it starts moving back below 500 as condition. No selling if crosses above 500 & holds the level as support later.
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Elliottwaves - Will it repeat the fall of 2016
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Nifty - D-Street or Damaged Street-520 Points Fall-Elliott WavesTrading Strategy
Safe Traders
Buy above 11585 for Targets
11625/Above 11650 for 11775-11800 / Above 11800 for 11980-12000 / Above 12000 for 12100-12200
Risky Traders
Look to buy in 11480-11510 zone with strict stops below 11460 for above mentioned targets as suggested for safe traders.
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Last Video Idea
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Budget 2019 Idea - H & S Pattern Failure at 11625
Is EICHERMOT Making Reversal to upside !!! "Long"Hi all, EICHERMOT seems like making of expansion structure / H&S Shoulder structure looking for breakout to upside will be good idea
***Use Proper Risk and Money management Rule if you don't had a one please LEARN IT !!!! and meanwhile watch the play don't trade
"Market is Full Opportunities "
If you have any Question feel free comment below and don't forget to check out my other ideas too
Thank you for your support
--Prabhu Rajarathinam
HCL Tech short setup (Elliott Wave)It looks like HCL is in a Flat A-B-C Correction as shown by the circled counts, within the same it looks we are as of now in the Wave 2 of Wave C of this Flat correction or we have completed the Wave 2 and already started the Wave 3, in either case HCL looks to be a good shorting candidate with SL above 1108.
EW analysis of Nifty I am considering 2009 dip as the starting point for the analysis. So as per the analysis, sub wave iii of wave (v) of wave is either going on or completed.
now, wave iii is at the 100% fibo extension
here is a probable count for the fractals of wave iii,which suggests that wave iii is complete and iv is started here.https://in.tradingview.com/x/vVGsGLxT/,
regular bearish divergence formed recently, which is suggesting that wave iii is completed.
occurrence of flat correction is high in wave iv, and it seems, a flat correction has started here. but flat corrections don't do deep retracement, here are the retracement levels to watch for
USDINR - 'time correction in progress?'USDINR seems to be taking too long deciding a break out of the range of Rs 65 and Rs 64. Keep an eye on Rs 63.95....
BankNifty Further Go Down before Recovering (Flat Correction)As per the price action saw on Monday, the gap down suggested a bulk selling and it shall continue the same for tomorrow until it reaches to previous support level where we could see some buying back that shall move the prices up to fill the previous gap and clear out demand and supply discrepancy.
Target:19400
Stoploss: 20300
Tata Global Breaks out Consolidation, Moving DownThe price action breaks out from the rectangular consolidation indicates weakness.
Target1: 131
Target 2: 128
EXIDE: BREAKOUT + ELLIOTT WAVES ANALYSIS In the above chart, I have indicated a Breakout from a rectangular consolidation and simultaneously Eliottt Waves action in order to showcase the importance of both in Technical Analysis.
After few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up.
As per Elliott Waves , there is completion of Regular Flat corrections (ABC) and now the price action is in a Wave 3 of impulsive move.
Target 1: 192
Stoploss 179
Exide looks excited with Positive Breakout from ConsolidationAfter few weeks of consolidation in rectangle formation, the price action broke out from the rectangle on Wednesday indicated strong buying pressure and thereon the price action remained and managed to close above 184 resistance level for three continuous day. Buyers look excited and shall move prices up.
As per Elliott Waves, there is completion of Regular Flat corrections (ABC) and now the price action is in a Wave 3 of impulsive move.
Target 1: 192
Stoploss 179
GOLD GOLD SHINES TO BUY (XAU/INR) - FLAT CORRECTION COMPLETESAs per Elliott Wave Theory, the gold charts indicates a completion of a Flat ABC Correction that signals a new wave to upside. This is a good time to invest or take a swing trade position in this before the festive season begins in India where we generally see rise in the Gold market. Take positions with stoploss at 87200 Target 1: 90000 then Target 92400.
Gold Completes Flat Correction, Next Bullish UpmoveThe price action is been ranging in a rectangle consolidation where it is forming a Regular Flat Correction pattern that indicates completion of corrective phase and beginning of a new bullish move or trend. A good risk to reward setup.
Keep a Stoploss: 1290
Target 1: 1340
Target 2: 1375