Ichimokukinkohyo
Elliott wave Grid + Ichimoku Kinko HyoPrice has run into the Elliott Wave Grid resistance. But since all Ichimoku 5 lines are having bullish energy and Bullish direction I feel further Grid resistance is the target . Regards
Elliott / Ichimoku /Time cycle/priceAs per Elliott we are in wave 3 of one lesser degree. This wave 3 scenario is supported by Ichimoku 5 line analysis i.e SSA/SSB (cloud) up, Tenkan sen + Kijunsen pointing up , Chikou span is free.
The pair shows a 12 bar Taito Suchi time cycle which points towards Henkabi on 10/march.
Since 1E target (which is also 1.618 Elliott wave target) is already achieved . The question is are we going to see an accelerated move tp a 2E target in 10/03/2021. Lets see , But 10/03/2021 seems to be a very crucial date.
Regards
Adani PortsIn monthly time frame every time in the past whenever price has had a big gap with its Kijun the trend has reversed. Once again we are witnessing similar kind of extreme range levels. Since this is monthly it could take its time, a weekly close below 495 would be a trigger for retracement till 425-400
Sun TV NetworkAfter reversing from a Bullish Harmonic Shark it has now given a breakout in weekly time frame as per Ichimoku which suggest further upside till 550 as long as it gives a weekly close above 485.
Coincidentally, the min expected retracement of 38% of the Bullish Shark is also in the same range along with a Bullish Harmonic Dragon which is running in daily time frame with the same level as a target.
PSU BANKSThe daily time frame is giving a breakout signal today, the weekly time frame will confirm it above 1550 (closing basis ). In that case the most laggard among all sectors will turn out to be a top out performer for moves towards 1900 and then 2300 . Short term support at 1450/1375 . Watch out for this sector is coming out of a v long bear phase screaming Apna Time Aa Gaya!
TATA MOTORS riding upwardsGreetings Traders,
If we check on the previous crossing of TEN-KIJ, it was in the KUMO which means no trading zone.
We can see that the price, TEN-KIJ, and KUMO are not moving in a stable pattern.
The KUMO kept on switching between Support and Resistance with a gapped price movement.
The price movement will make a new high.
TEN-KIJ are moving upwards, at this point if TEN-KIJ crosses at the new high, BULLS will enter the trend with a great force.
EURO/USD is ready for LONG!!!!Greetings Traders,
At the moment, there is a buying signal and we are getting confirmation.
1- Cloud is below the price.
2- Volume price is getting pushed.
3- Price is trying to go above-average volume.
4- Chikou is above the price and can be free.
5- TENKEN is above the price!
BUY above 1.18670
STOP LOSS- 1.18413
ITC ICHIMOKU PART4 TENKEN PROVIDING RESISTANCEGreeting Traders
Hello, this is the ITC bank 4-hour time frame chart.
I will tell you how the Tanken sen resistance.
When the tanken is at the top of the candle, it will work as a resistance.
Thank you.
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AXIS BANK ICHIMOKU PART 3 TENKEN PROVIDING SUPPORT Greeting Traders
Hello, this is AXIS bank 4 hour time frame chart.
I will tell you how the tanken sen supports.
When the tanken is at the bottom of the candle, it will work as a support.
Thank you.
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