NSE:LUPIN has just completed wave 1 which was a leading diagonal, with deep corrective wave 2 almost 0.236 of fibo retracement and also healthy volume built-up which looks good to buy, with Sl of 594 and Target of 733 , 881 .
Review the " Leading-Diagonal ": As you know, Leading Or Ending Diagonals one of two types of motive waves, the other being in impulse wave. The Leading Diagonal is a terminating wave pattern that is form the 1st wave position of impulse waves or as wave A. This is an example here live - SUZLON. We have an Leading diagonal in the 1st wave position of an impulse...
All rules of Leading diagonal is followed in Nifty. The correction may be deeper in case of Leading
Diagonal, generally the retracement for a diagonal is supposed to be in the range of .618 to .786.
The range between 15400-15600 is a good zone to accumulate. Long may be initiated near the rectangle shown.
Please do your analysis before opting for a...
Guys, first of all I would say sorry to you.
I am not updating the chart as usual, Last analysis was about nifty and we recommended nifty to Long at exact bottom.
Our target of nifty is about 17300 and that will be achieved, but pardon me its not a bull rally, its a corrective rally.
We may touch around 15700-15600 levels as I can see in nifty and then we can...
Nifty has completed its structure in lower time frame.
Now if nifty crosses 16200 the longs may be initiated for 17300 levels.
Please do your own analysis before jumping to the trade.
I may be completely wrong in my analysis.
If you liked the chart you may please like.
Regards
Leading diagonal confirmed.
Please refer to the 14 may chart we had expected a fall upto 15300.
Please refer the chart below :
pls like if you liked it.
Index is unfolding as a leading diagonal of which 4th wave is already concluded and right now we are into the last stages to complete the 5th wave of this leading diagonal which will bring the index below the level of 30635 in the near term. Traders should remain short for the minimum target region of 30600-30000 in the coming weeks with stop loss of 32600.
Wave 4 expected to end near 16450.
Wave 5 pending we will see it getting completed tomorrow near 16300-250.
Consolidation is then expected as ABC correction. Not much happening this week.
Fall should continue next week.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views...
Gail looks to have come out of wave 4 and now making leading diagonal for starting wave 5.
Leading Diagonal chart as below
Upside potential of almost 60% expected targets near 230. One can look for lower target as well of 0.618 extension near 190.
Details of entry exits and targets as per charts.
DISCLAIMER:There is no guarantee of profits nor exceptions...
LEADING DIAGONAL: In a leading diagonal , waves 1,3, and 5 are all impulsive in nature or all in corrective form of zigzags. Wave 2 and wave 4 are always present in a zigzag form. A leading diagonal suggests the starting of a new wave & that is why it can develop wave 1 of a impulse wave and a first wave of a zigzag pattern.
TRADING STRATEGY:
Buy Crude oil :...
Parallel Channel Support + Important psychological level close @ 17000 - Can Bulls Come Back ? Holding above channel, Index can bounce to levels mentioned below
Target 1 - 17300
Target 2 - 17450
Target 3 - 17620
Target 4 - 17690
Target 5 - 17800+
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Last Idea - Ending Diagonal At 17795 - Fall...
The leading diagonal or rising wedge or type-1 diagonal, is a narrowing price move composed of two converging trendlines.
If bottom or lows of 16836 & 16866 holds then Index can push upside tomorrow on account of Budget 2022
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Trading Strategy
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Part A -...
WaveCount
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• 1-2 -3 -4 (Running Currently) - 5th Wave Expected Upside.
• 4th Wave
o Unfolding as Triangle having last leg - "e" wave close to end.
o 4th Wave Triangles are "penultimate wave" means it is 2nd last wave & one more wave left in the structure which started from the lows of 1473 on 23rd / 25th March2020.
• 5th...
A Leading diagonal I call popat pattern becoz it will mike a popat of all buyers and sellers . But when the pattern has made finishing making a popat of everyone one It will launch a massive wave 3. Regards
After completing the super cycle W5, Nifty entered into what could possibly be a correction (or a bear market?) in text-book style leading diagonal pattern(Wave 1). Currently its either approaching end of Wave 2 or already just completed W2. Expect Wave 3 to be nasty and swift and deep.
Target Date: Likely by mid to end of June
Target correction: 10 to 20%.
Glenmark is expected move in expanding Leading Diagonal.
V wave of leading diagonal always moves beyond end of wave III.
V wave expected to move minimum 100% of length 0 to III somewhere near 1400+.
Most likely to 138%(1.382) or 168%(1.618) which are near trend line.
The prospects and analysis are for long term if anyone wants to keep stop loss then they would...
