Impulsive
#ITC turns around 161, clean Elliot waves. #wave 3In my previous idea, I already suggested that we could see some reversal around 161/57 for 185 at least. It gave a breakout from the pitchfork as well. Will attach the link below.
Now, as per elliot waves, if the counts are valid, then the scrip soon touch the marked levels on the chart. If you're a trader, then a right entry and SL is too important. So look for a buy setup as per your trading plan and method.
Even if you are correct, still a wrong entry will cause failures and loses. And even if you're against the trend, a right entry will save your.... ;)
Also, I can decorate my every chart with 100s of pattern, fibonacci retracement, gann, harmonics, retracement, trendlines and channel, but I choose not to. If you want to see simple analysis with highly accurate predictions, then see and learn from my other ideas shared.
Anyway, if you like my ideas then give a like and comment. Reach out to me for enquiries and doubt.
Link for previous ITC idea below.
Regards
Basics Of Elliot Wave TheoryThe rules of elliot wave theory are strict, any break of the rule may lead into wrong analysis, always keep rules on your mind while labelling the waves. If you're a beginner, write down the rules in a sheet of paper, read it before labelling the waves.
How to improve yourself? Practice!
The more you practice, better the results.
Regards
Nifty-10300 to 10550-An Awesome Run Upside- Is It Done & Out ?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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The Last Nifty Idea - Buy Above 10300 for 10550
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A Question which you need to ask yourself - This Time I am not giving any direction. You need to suggest what you think about Index with your own charts.
Pour in your answers with awesome charts. Let us have a constructive talk.
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Speculative Wave Analysis on 4Hs chart:
Upcoming wave is impulsive wave and target is 577 nearby after up breakout.
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Let's check Breakout more closer look.
While breakout the price Congestion, volume should more than 2x from average volume.
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The bhartiartl in slow direction moving towards down however if it breaks the 549 there can be a big move towards up-direction.
bhusan steel looks bullish in med to long termIn monthly, it seems a complete elliott wave cycle is complete, and stock has bottomed out.
in weekly, we can see that, round bottom is forming and fresh impulse already started here.
round bottom pattern tgt
so with a sl - 54, 1st tgt - 95, 2nd tgt - 151, long term tgt - 500.
Tata Power Breakout to New Impulse Wave It is been observed that the price action is trending up by making higher highs and higher lows. Previously, at high of 77 levels price action consolidates and corrects within a downward trendline and then breakout the trendline and then broke out to a new highs with that impulsive wave. Now it is again breakout from the downward trendline and looking to reach for previous high levels of 80.
Target: 80
Stoploss: 74.50