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TATACONSUM: Upcoming Price Surge Projection Timeframe: 4h NSE TATACONSUM has formed a correction on the 4-hour timeframe chart. A closer look at wave A reveals it consists of three distinct waves, indicating it can't be labeled as an impulse. The security has broken below the 50, 100, and 200 EMA, with the Average True Range (ATR) at 15 . Currently, the price is developing wave (iv) of wave C within wave (B). Wave (B) has already reached 100% of wave A, and with bullish sentiment, the price could surge from this point. However, we need confirmation through a breakout of the sub-structure. After wave (B) is completed, traders can use wave (iv) as an entry point to confirm a long setup. Fibonacci clusters indicate potential levels at 1189 - 1246 - 1296. Risky traders entering right after the completion should confirm their position with a lower high. We will provide further updates soon. - KP (Trade Technique)
NSE:TATACONSUM
by Trade-Technique
1
IGL: Bullish Falling Wedge Pattern IGL has constructed a falling wedge on the 1-day chart in which it has made continuous lower lows and lower highs. The trend can change from bearish to bullish after the breakout of the resistance trendline. Buyers can expect a bullish move with the following targets: 483 & 504 . IGL Is Bearish below 458 . Buyers have to break and stay above 504 to increase demand pressure. Note: Do your own research / discuss it with your advisor
NSE:IGLLong
by Money_Dictators
NSE 3MINDIA – ELLIOTT WAVE ANALYSISTimeframe: Daily 3M India has given a good move after 100% extension of wave A. Note wave A = B is at 21368.9 . Price entered into the corrective channel, which signals an impending bullish move. 22292 is a pivot level for 3MINDIA. Wave C is the ending point of the correction, and traders can trade for the following targets: 22564 – 22850 – 23282 . There will be an extension of the target after the breakout of wave (B). I will update further information soon.
NSE:3MINDIALong
by forextidings
5
ABCAPITAL Elliott Wave StudyTF - Monthly - Aditya Birla capital had broken out descending trendline at 80 . But, due to supply pressure, it couldn't make a new high again. It ends up making the same high(double top). AB CAPITAL has made a monthly consolidation range of 139 - 95 As per the monthly chart, AB CAPITAL can take support from 78.05 . Three reasons to consider this level: 1. AB CAPITAL has given five touches to this level. 2. AB CAPITAL had taken support and broken up the trendline. 3. AB CAPITAL can retraced 61.8 % at 76.45 , which is demand zone. If AB CAPITAL breaks down to 90 , then it will come to take support near 78.05. TF: Daily - AB CAPITAL has completed corrective waves A & B . Wave C of wave 4 is about to completed. We are getting similar confirmation that if AB capital breaks down to 90.05 , we can expect a support level of 78.05 . As per Elliott wave, wave 4 can complete near the previous 4th wave of lower degree. Wave 4 of lower degree is a 78.50 . We got the confluence zone as 78.05 . After taking support level, AB CAPITAL will start its upward march. I will update more information soon. Thank you! @Money_Dictators
Editors' picks
NSE:ABCAPITAL
by Money_Dictators
11
EWT - Is EICHERMOT Forming Wave (5) Of Its WaveCycle?Timeframe: Daily NSE EICHER motors have accomplished the corrective wave (4) and started forming impulsive waves (5). The price is currently forming sub-waves of the impulsive waves (5). Wave (2) was a sharp zigzag, so wave (4) formed the choppy structure triangle. Since wave (3) was an extensive wave, we cannot expect wave (5) to extend with a high probability. Eicher motors have given a good breakout and broken out wave 2 of the triangle and impulsive wave (3). If the price sustains above 3790 , traders can trade for the following targets: 3948 -3992 - 4030+ . I will update further information soon.
NSE:EICHERMOT
by forextidings
2
NSE Adani Ports Is Growing But The Truncation level is there Key Level: 824 & 853 Adani Port has broken down the corrective wave X and started forming an impulse wave ((5)). Price had broken down the 8-month-old correction, and Adani Port surged rapidly. Adani Port can u-turn from 1.618% at 1049 . It is a reverse Fibonacci of wave ((4)). Currently, the price is at the 78.6 % reverse Fibonacci level at 853. If Adani port fails to break the previous high at 901 , there will be a case of truncation. It shows that the current impulsive move has a lack of demand pressure. Then the decline will be 3x more powerful than the normal corrective wave.
NSE:ADANIPORTS
by forextidings
7
Bajaj Finserv: Elliott Wave Analysis & TipsBajaj Finserv has started it's final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMAs , it started falling for wave Z . Traders can expect the following targets: 14631 - 14449 - 14176 . The Control line will work as a hurdle for intraday traders. Bajaj Finserv has formed in the descending channel for more than 27 weeks . It has broken the control line's channel also. That indicates bulls are not ready to expect a falling knife. Measurement of wave ((4)): Wave ((4)) can accomplish 38.2% of wave ((3)) at 14000 . Wave ((4)) can complete at the lower band of the parallel channel because the price has created a throw-out action. Sometimes, prices do not break the low of wave ((Y)) due to less momentum and supply deficiency. And it causes orthodox bottoms. After the completion of wave (z) of wave (4), the price will march for motive wave (5).If the price sustains above wave (X) at 17480 , Bajaj Finserv will move on for an all-time high. Note: ending point of the corrective structure is the starting point of an impulsive phase. I will update further information soon.
Editors' picks
NSE:BAJAJFINSV
by forextidings
16
Bajaj Finserv: Short Setup For Intraday TradersAfter making a high of 17480, Bajaj Finserv has started falling. Today, It has made a low of 14660 . In 15 min timeframe, we can see a bearish butterfly pattern, which indicates a bearish trading setup for intraday traders. Bajaj Finserv has completed its D point at 15250 . If the price sustains below 15250 , traders can expect the following targets: 15080 - 14902 - 14751. Invalidation: Breakout D point Thank You Money_Dictators
NSE:BAJAJFINSV
by Money_Dictators
13
BANKNIFTY Can't Wait to Fall – Even Without NIFTY’s Help Key levels: 36496 - 37060 Bank Nifty was following the uptrend channel from Dec 2020, and it had broke on 02 March '22. There's a new parallel channel unfolded. In the last trading session, Banknifty has created a shooting star pattern. And this pattern is a single line pattern that indicates an end to the uptrend. At the same time, it is close to a parallel channel resistance line. Moreover, advance traders must look at 100 EMA on it. These signs are signaling further decline. And that could be from the parallel channel's resistance line to control price. An uptrend possibility comes from key levels breakout. So intraday traders can use it as an invalidation level. Moreover, Banknifty prices can hike up to that level this week. If Banknifty doesn't cross/close above the second level, you should prepare for the following targets: 36000 - 35800 - 35400 below
NSE:BANKNIFTY1!Short
by forextidings
6
Will BANK NIFTY Hit 37800 Today?Bank Nifty had stuck into the descending channel (DC) from 25 Oct to 07 Dec. The upper trendline of DC has broken and started moving forward. It has filled the 25 Nov gap yesterday and marching towards the supply zone. We have chances to see 37600 – 37800+ levels today. Intraday traders can take benefit of it. But you must note the second resistance of 36871 . It’s a barrier for buyers. If Bank Nifty remains under of it, then we may see an excess of this channel. And that will collapse the Bank Nifty prices from 36800 to 36300 – 35696 below. That’s why I have highlighted the supply zone in the above chart with a strict warning. I have used RSI and Stoch RSI together. The Stoch RSI is indicating a downtrend ahead. But, others (MA, DMI, & RSI) are throwing positive signs. Hence, you have to focus on the second resistance line only. Further any changes/details I will update during the market hours.
NSE:BANKNIFTY
by forextidings
3
Kotak Bank Has An Explosive Rally AheadNSE Kotak Mahindra Bank has started marching upside because it has completed wave ((4)). Its fifth wave will end nearby the retracement of wave ((4)) of 161.8% and sub-wave of (4) of 161.8%. So, long-term investors may hold for the targets of 2345 - 2446 - 2536 . At present, intraday & short-term investors can also jump on this stock. Kotak bank prices may move forward up to 1900 - 1960 - 2056 levels to hit the halfway of wave 5th. Consecutive closing above the level of 1832 is a direct buy signal. A short reversal is expected at the last target of 2056 . Further information I will update you soon. Stay connected!
NSE:KOTAKBANKLong
by forextidings
11
Nifty Outlook: A fight Between Bulls and Bears Nifty was heaving correction in previous weeks. Now, It looks like it has completed corrective structure and marching upward. If you are following my daily outlooks, you can understand these charts easily. If the price is about to change the direction, It will make an initiative then confirm it. Nifty will confirm its bull trend by breaking wave B at 18350. In case, If you have missed my previous idea: Show your love by likes and comments. & Do follow for more Ideas.
NSE:NIFTY
by forextidings
3
YES Bank: Price Action Analysis & Trading TipsIs Yes Bank Making A New Low? The YES Bank stock has started falling for a long period. If it breaks the consolidation area, it will keep collapsing, and we may see 10 - 9.60 levels soon. It's under that range from the last 17 days. But according to price action analysis, it will try to jump up to make a new LH. It can be nearby the 12.15 - 13.5 range. Safe investors can start selling nearby dynamic LH with the stop loss above the hurdle line. Further information I will update you soon.
NSE:YESBANKShort
by forextidings
9