Elliott waves + Ichimoku As long as price remains below the Ichimoku forecast lines we my be running a B Elliott wave . If the forecast lines are crossed up then a more aggressive Elliot wave count will come into play . Regards
Ichimokuforex
HUL retraced from an importan resistance zone. Fall to continue?HINDUSTAN UNILEVER LIMITED: The stock had a fabulous run in the last few months. In the last few weeks, the stock displayed a loss of momentum and correction occurred. Now the stock took a hit at an important pivot and corrected. The stock has minor support at 1995 – 2000 levels below which there may be a further correction to 1920 levels. However, a move above 2100 will negate the corrective view and the stock may continue the trend up.
USDINR gaining strength! Will it further perturb stocks?USDINR: The currency pair has pulled back in the past week, the last two sessions were positive and the prices managed to close above all resistance and pivot levels. The RSI is into a bullish zone and bounced from the bullish extreme zones. The MACD is positive and above zero. The pair is expected to move higher in the coming sessions. The pair may move to 72.25 – 72.55 in the coming weeks.
Sun Pharma: Will the Sun shine again?SUNPHARMA: The stock bounced off from a very strong support level. The momentum is supporting buyers. The RSI is well into the bullish range along with MACD which seems to be comfortable in bullish area too. A minor resistance is hindering the move at 430 above which a move past 500 levels are expected.
HDFC LIFE: Ready to move up again, or remain sideways & correct?HDFC LIFE: The trend has been dominant up, the stock has doubled in just eight months time. During thr the last couple of weeks, the stock has been into correction. Now taking rest at the kumo. The RSI is also bouncing from the bullish oversold extreme. MACD is into bullish zone, prices are trading below the ks line, a move above the KS line will re establish bulls into the stock, however if the stock falls into the kumo then, it may drift sideways and some deeper correction may be noticed.
We have launched “PRORSI” Trading mobile application providing you the best trading ideas. Download now from Play store or IOS.
USD/JPY Technical analysisFrom our analysis, It seems the pair attempts to breach its long term resistance repeatedly and is finally a D candle closed above 4/1 Gann Fan resistance
we expect the pair might reach new higher highs after this and would reach the expected target
