Impulsewave
let's see what thing the stock respects: wave or channel?hello guys :)
came back with a new Idea and I think so that many of you have doubts about this stock like when and where to enter?hold or exit? etc...
I also posted previously Idea that you can enter in this stock;that time it was 800 to 850 levels...
I also bought this first @830 and after that I also bought @726 as I founded it bullish according to my analysis.
but sorry guys I forgot to post an Idea on this :(
now you can see the chart that the stock made a channel and also an elliot Impulse wave.
now what will it respect?and when to enter,exit,or hold is given in the chart.
Thanks for viewing this.may help you :)
Aniket
Banknifty In Uptrend 5th Impulse Wave of Leading DiagonalAs explained in previous chart we were able to pin point Banknifty's down move.
Downward wave four 4 was double zig zag correction which completed near 24404.
We are witnessing now final Wave 5 impulse of leading diagonal and currently in wave iii which should extend 2.618=24785 to 25000.
There will be sideways correction next may be till 23500-23300.
Final Wave 5/v should reach 26361 Fibonacci 0.618 retracement from march low or bit higher for 27000.
As it already moved very rapidly Invalidation level is deep and high of wave i viz. 21811
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I am holding banknifty etf from 21000 levels
TATA COFFEE : HAVE SOME COFFEE TATA COFFEE : The stock is travelling in a impulsive channel & currently the wave 3 is unfolding. As per the internal structure we can clearly see that, the wave 3 is being extended & look like it has completed its 4th of third wave. So we can expect an upside move in the stock to complete its 3rd wave. One should look buying opportunity if the prices sustain above 114 levels & look for the higher target zone as shown in the chart.
GOLD: short term: Triangle formation for terminal thrustAs per short term view, GOLD is in the last phase of corrective wave-y, which is unfolding as an impulse. Currently the price structure suggests that there is a formation of a triangle & this triangle is being formed as a wave-4. This wave-4 triangle formation often takes place as a preparation of terminal trust and after that the 5th wave of the impulse get started.
As long as GOLD prices are above 1960 level , one should go long for the target zone of 2050/2150/2190.
Invalidation level : 1960
For long term scenario on GOLD: refer to the attached link .
Bandhan Bank to start fresh Impulse WaveStock post touching 650 broken Consolidation started going south till 152.
From 152 it made retracement fib levels 0.5 completing first 5 wave impulse
Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse.
Long all dips towards 270
Short term STOP LOSS 248, For Long term bigger Stop loss of 195 on daily closing basis.
Expecting impulse 5 waves to start soon with short term targets 368,396,432(possibly wave 3).
Long term positional target 521 (80%+).
Disclaimer: Calculated and plotted values may differ from actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading.
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Cipla - Harmonic ShortCipla has an impending short long looming over it. It has had a good strong upside run in the past month
Seeing a PRZ at 726.55 as per harmonics. Do have a look at the price action around these levels to see weakness. SL around 732/733 levels. So, I would take a minimum 1:1 R:R or better (per your appetite)
If doesn't show weakness there, next levels to see are 732/740 to search for a weakness
#Disclaimer: Consult your financial advisor. This is for educational purposes only. Trail diligently
Happy trading everyone!
nifty bull or bear??? 28th aug set upas per my view there are two scenario one is Yellow view , as per this there are two more wave up to finish the impulse and then the down trend
and the second scenario is green one as per this view impulse is almost finished in just one more up side wave, after that down trend will follow for atleast some more time
USD/CAD Technical analysisThe daily chart of USD/CAD has formed harmonic shark pattern AB=CD.
The daily chart has also formed a long engulfing candle.
Also in 4-hour chart a double top pattern has been formed.
So we can expect some profit booking in the counter and a long retracement could be possible.
Learn to Trade -- Bollinger BandsHi,
Squeeze and Expansion is one of the famous ways to trade BB. In the following steps I will try to explain how I trade it.
# Look for a stock in long term uptrend but currently in correction. The 'Long Term' depends on time horizon of trading. For positional trader it could be daily while for intraday traders it could be hourly. So selection of stock would depend upon the trading style.
# Once the stock is found, jump to a lower time frame. This time frame is 4-6 times lower than the longer time frame taken above.
1) Wait for a strong impulse wave, which usually signals the beginning of an uptrend. One may see divergence on any momentum indicator for confirming change in trend. Many traders miss this wave due to many doubts but that's OK. The impulse is the first indication that there will be follow through.
# Normally such huge moves are associated with very wide separation in BBs. The upper band is moving Northward while the lower Southward.
2) Finally at the end of impulse the lower BB starts bending Northwards, and correction begins. The extent of correction depends on buyer-seller equilibrium but I am interested in looking for price action below the 20MA BB line. For further confirmation I use 55 EMA, whenever possible, means action near and preferably below this EMA decides the trade.
# An A-B-C type correction is preferred.
3) Upto this stage strong squeeze in BB can be observed.
4) Then wait for the price to move back above the MA or/and EMA as shown in this example. Price may take support at MAs, however strong spikes below MAs may be followed by closing candles above MAs which show strength.
# These spikes are a great for placing Stop orders.
5) Entry would be triggered as the price progresses beyond the upper BB, preferably also breaking a range or trendline, confirmed by above average volume.
# Another important confirmation is BB expansion on this break.
6) Take profit at a previous resistance/swing high or a Fib. level.
7,8) One may find another buying opportunity as the price pulls back, preferably near MAs.
# Price action near MAs would be the key for entry, see example. Stop could be placed below swing low.
9) After this late entry, the target would be previous high or one may exit as per any other exit strategy.
Although all this looks bookish but it actually happened on this stock and I also published the same idea. After all whatever is written in books is learned from experience.
Filtering a stock to apply a strategy is the hardest part but you know, there is no easy money in trading business. So good luck.
Trade safe and respect every trading strategy.
Hit like if you think this information is useful.
Regards
Bravetotrade