The current structures can be assumed as a triangle with internal ABC waves. As long as the price does violate the rules and remains above the wave C, the bullish price action remains active.
This is based on the Elliott Wave Theory.
IGL
Key highlights: 💡⚡
📈On 1D Time Frame Stock Showing Breakdown of Rising wedge Pattern .
📈 Strong bearish Candlestick Form on this timeframe.
📈It can give movement up to the Breakdown target of below 378-.
📈Can Go Long in this stock by placing a stop loss above 445+.
📈 breakdown this can give risk:reward upto 1:4+
Analysis On 14th December 2022
This is a Bird View so Possible Movement of Gold in a Daily TF for a Medium-term view.
>Wave Counts - Recently, Gold has just reached to Depth of Correction point in Minute Cycle of Wave Count , while in an Intermediate Cycle, it seems like Wave C is still on.
Furthermore, Last month's upward journey is still not break ...
The stock may have completed it's correction as it is also down 60% from the top. If price drops further below 129.5, it may extend the correction towards 115. As long as the current low remains intact, it is likely that the stock will continue its bullish cycle.
Hello ji,
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Here is support and resistance Levels are drown.
Today is big profit by me.
Thank you.
Have a nice weekend🙏🙏🙏
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As promised,I have come with the Indian stock market analysis.In this chart,ICICI bank is forming a double bottom pattern in 15m time frame.The first half of the pattern is already formed,now we can catch the other half of the pattern.Also,there is a divergence on RSI,the volume indicator showed the strength to upper side.If the stock opens tomorrow with high...
SBICARD
Key highlights: 💡⚡
✅On 1h Time Frame Stock Showing Breakout of Descending broadening wedge Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of above 825+.
✅Can Go Long in this stock by placing a stop loss below 792-.
✅ breakout this can give risk:reward upto 1:8+
DALBHARAT
Key highlights: 💡⚡
✅On 1h Time Frame Stock Showing Breakdown of Pennant Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of below 1705-.
✅Can Go Long in this stock by placing a stop loss above 1850+.
✅ breakdown this can give risk:reward upto 1:6+
Breaking 18250 on nifty dec future will go up to 18000. This target i calculated with the line between trendline of the pattern and head of the pattern. keep sl 18500
trade with care. always use sl. good luck all.
There is a higher probability for a reversal from the short-term double top levels. The price of crude oil in the international market is expected to rise in the coming weeks. The inflation worries have also not subsided. The fact that the market has peaked, in spite of all these factors, adds to the possibility of a reversal in the price action, in the coming weeks.
Finally, the Nifty is trading above 18000 but Buyer domination is necessary for the bull run to break the resistance and downtrend line.
Following a good breakout, we may see a bullish surge; but, if the breakout fails, we may see a price reversal and the price may fall.
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Technical...
as nifty is on 18300 and sudden reaction nifty it sector is bullish the trend on indian market is now to much bullish
reliance is highest weighted on nifty 50 so this stock is to much important is this.
there is gap also between 2675 to 2720
