JINDALSTEL, 5th Wave progression & 247(turning point) OR 268!As mentioned in the chart, the 5th wave is upward, which is progress and expected u-turn 247 and 268 for next level 220/202 to move.
Kinnari
Parallel Channel - Resistance Range 13003 to 13088 & "C" attractZoom In to verify the range of the channel.
Upper Band Poten tial Reversal Zone (PRZ) - 13003 to 13088
Parallel Channel's Resistance zone.
The "Control Price" will attract value towards it.
Previous work on the Same channel:
Important Ratio 1.13 @ 13084 (used Harmonic Pattern)Fib. Retracement start from 12441.75 to 7495.00 end for determing the nearest important fib ratio is 1.13 which is 13084 .
1.618 AB = CD at 10620
Titan is not verifed for 3rd Wave...!Wave are going to be broad therefore, expecting 4rth wave expanding triangle.
Very soon, I will give you clear number on it.
Question for Harmonic Trader & Why price fired? BANKNIFTYQuick reversals from Bat pattern PRZs are quite common.
The mid-point "B" at exactly 50% retracement.
Alternate 1.27AB=CD pattern.
BC projection @61.8%.
The price quickly reversal seen after "D".
Question of Harmonic Trader/Analyst is ,
Bat Or Gartley?
Why did birth to this question?
- The Gartley Pattern required point "B "50% and 1.27AB=CD pattern required. In essence, One of the most important numbers in the pattern is the completion of point D at the 0.786 of XA.
- The Bat utilizes a BC projection that is at least 1.618 & the BC projection must not be a 1.27 but in this case, we have 1.27 AB = CD .
The Ending Diagonal in 5th Wave by Using Elliott Rules.In this research, I have relable on the Nifty and plotted Ending Diagonal .
This is my recent post and nifty triggered expected target 11900.
Indigo, Weekly TimeFrame and 4Hrs TimeFrame Overview.Value High is good to sell this stock 1372 below for targets 1287(Control Price 2) and Weekly chart 1210.
Target 1210 if the price sustain below 1360
As per the weekly chart, Buy INDIGO for targets 1480 nearby only if price close 1350 +
Param ount Underline is st ronger resistance and price can fall that why don't you suggest trade heavy volume.
The price is travelling toward the 5TH Wave on NIFTY.Normally I don't prefer to trade with a heavy position at 5th wave especially, whenever 3rd wave is extended. In this case, we're moving toward forming 5th Wave.
I have already predicted 5wave of A, B, and C by using future expected retracement.
the stock is belove strong resistance and making triangle reliance is always making triangle pattern near trend line
UPL BOTH SIDE TARGETBUT SIDE
IF RESISTANCE TREND LINE BREAK THAN BUY ON 338
SL IS 328
TARGET MUST BE
1ST 360
2ND 380
FINAL TARGET 405
IF SUPPORT TREND LINE BREAK THAN
SELL ON 328-325
SL IS 338
TARGET MUST BE
1ST 308
FINAL TARGET 296
Short Tata motors @ 195, Stop loss @ 199.50, target @ 185 to 180There is flat top bottom pattern formation and On the hourly chart stock formed bearish divergence and on the daily chart stock resistance faces in down trend line. So I'm very confident for taking this trade.
nifty support and resistance pivot pointDuring the time of election nifty will be highly volatile . If it break support then can test second support and vice versa. Don't hold your trade . Only do intraday trading .
Capital protection is trader main aim.
Happy Trading.
if you are a log term investor you can invest. Disclaimer :- this is a educational call don't trade and invest in my recommendation.
buy tata motors every down tick, next thing you can invest in it till it is hinged above 190
buying range is 200 - 210 , take a stop loss around 190 , target @ 275 for 3 months prospective
Disclosure :- I have invested at 175 level in this stock altaid.
