Freeequitytips

Part 1 - EUR/USD: Monthly Examination Utilizing Varied Approach Price action Breakdown Analysis: It is the EURUSD monthly timeframe, and it shows a downtrend for more than 15 years. The price has settled in a downward value area. Elements of price action Breakdown: Excess: There are nine price excesses, four on the upper band and five on the lower band. It shows that the sellers were too aggressive when the price touched the upper band of the channel in comparison with the lower band at buyers. Buyers/Bulls tries makes the initiative to breakout the stru

by forextidings

TATA MOTORS In a Final Leg Higher: Elliott Wave Analysis Tata Motor made the Elliott wave on the 4h time frame. The Elliott wave pattern started on the 24th of September 2020. And made the 4 waves, and the fifth wave is remaining. It has to cross 190 - 200 to complete the 5th wave.

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NIFTY Elliott Wave Analysis - ABC Correction Targets Nifty has touched the dynamic resistance (DR) level and started declining. At present, RSI is under 50 level. It's a sign of a downtrend. Moreover, according to Elliott Wave theory, Nifty will stop climbing soon. And ABC correction will initiate from here. Targets: 12460 - 12000 and below Note: Selling pressure will come after a breakout of the support trendline. Don't sell above DR.

by forextidings

M&M Price Limited Downside, Big Upside From recent trading sessions, Mahindra & Mahindra (M&M) has started falling. It can drop up to the support line or 712 - 700 levels before further advance. Overall, M&M is strongly bullish. It will start marching for the targets of 760 - 800 soon.

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TATAMOTOR'S trading strategy for the day traders This trend of TATAMOTORS made the Elliott wave pattern . After the fifth wave, there is a symmetrical triangle. If there is a breakdown of a lower line of the symmetrical triangle, the target will be 120.60 . But if the consecutive candles cross the upper line of the same triangle, the target will be 153.60 . In the Elliott wave pattern, 2nd wave is 100% retraced . In the third wave, there is a contracting triangle. An Important suggestion for traders: be aware of fakeouts.

by forextidings