AuroPharama is giving a Potential Short setup for Wave C down for ABC correction. One can short at current levels with stoploss just above 731 and Target around 670.
IDEA has been correcting since a long time and looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction. Happy Trading!!
OANDA:USDINR CMP - 68.087 Here, I have drawn the important lines. Now trade their support, break and retest. 50 DMA will assist you. Have a specific strategy of position sizing and stop loss which suits your trading plan . Personal suggestion - After entering on a signal candle, exit the trade when 2 more candles are formed, the close of it, that is, 2...
BankNifty is reversing after giving an ABC correction... It could very well turn out to be a Wave W of larger correction but for now BankNifty is reversing and is giving a Buy Setup for a Target of around 18750 and 19100 with Stoploss just below the recent low around 17575.
from latest swing low its retraced 61.8% and further it retraced to 161.8% and still it has potential to touch 261.8% . according elliot its 5th wave is still remain so it could possible up move otherwise cos it has formed double top so maybe it can go to lower channel to test channel or . its also showing flag pattern on current situation. it has higher...
Nifty moved up for Wave B and is ready to go down for Wave C as Zig Zag Correction in final hour of Expiry.
ApolloTyre is giving a Buy Setup for Wave C rally towards 210 levels.. Stoploss can be around 179. Should be a nice risk reward trade.
if Pennat formation broken to the up side then possible targets could be 5365/5515/5658
Nifty has corrected around 50 to 61.8% Fib Levels for previous upmove. Once the Price Breaks out above 8110 Nifty gives a Buying Opportunity for the C wave up move towards 8400. I will be buying Nifty @ breakout above 8110 with stoploss below 7980 for Target of 8370/8400. If the price continues to go lower below 7920 and make new lows then the above analysis would...
As per previous update- bounce expected between the zone 855-870- Got the hit for 867 on 15th Dec2016. What Next? If it starts falling below low@830- then likely it will indicate that it's looking for a new low below 805. Related Analysis Attached Below About Bajaj Finance- Click the links below to get the chart & load the bars to see how it moved
Jublfood is showing pattern which suggests that the correction might be complete and it is ready to go higher.. I would buy now with stoploss around 800 and Targets of 1000 and higher..
Possible breakout coming in Oriental Bank, once starts trading above 120-121 zone then bulls may take over and may push stock towards 128-130 & then 135-138, follow sl below trendline support.
An inversely related stock price action to index has witnessed a strong rally of ~40% since March 2016. After a small pause (consolidation), the price are showing sign of breakout. Looking at the RSI (Relative Strength Index), the breakout from falling trendline and bullish crossover on MACD indicates price is ready for the rally towards 460-500.
Axisbank is forming an Ending Diagonal which is also complete.. I would be buying Axisbank at current levels for Target of 550 and above and stoploss around 420 levels..
ApolloTyre is giving a Buying Opportunity with a Short Term Target of around 204 levels. One can keep stoploss around 178 levels for the long positions. This move can possibly extend and go higher but I am giving short term targets keeping the current wave setup as a correction. Any inputs are welcome..
JetAirways is giving a potential Buy opportunity as it was forming and ending diagonal with divergence.. With bullish candlestick pattern supporting the analysis for long I would buy now for target of 400 and beyond.. Happy Trading!!
Last week was a hectic schedule for the official presentation -so could not answer most the guys. Let us solve the puzzle. Excited to see the way it is developing- going above 8210- larger wave-(2) will continue & shall give us y-wave to finish this larger corrective sequence- wave-(2). The depth of the wave cannot be determined in current state & its shape but...
Cadilahc has more downside to come before going higher. Wave A and Wave B are completed and Expecting Wave C/3 to go atleast around 270 Levels on the down side to complete the correction. Happy Trading!!