WELCORP MULTI TF ANALYSISA very good setup formed on a of Multi TF level.
A must stock to trade for a mid term to long term swing trade.
RSI also looks good on all frames so its a must be in your watch-list !
Disclaimer applies.
Oscillators
Vedenta buy long term vedebta buy 219.70 stoploss 206 upside 240 target and buy long term
complete all correction
copper buy longtermthis correction start 5 april 2022 this time price 47 and price go down 5 wave and price go up corrective wave b 12 may 2022 to 7 june 2022 and again price go down 5 wave structure
this correction extended zig zag correction
zig zag correction (5-3-5)
zig zag correction price go down 5 wave and again move up a,b,c and down fall 5 wave this structure complete all correction complete . and price go higher cycle
Nifty in a slow and steady move of higher highs and lowsNifty is following the classic Dow theory definition of an up trend, a series of higher highs and lows and till that is violated why bother. Day to day volatility because of US stock indices going up or down on data like Consumer confidence or GDP can be confusing but a technical setup is simpler to follow. So far the Nifty is showing relative resilience despite volatility on end of day charts.
BIRLASOFT DAILY CHART LOOKS STRONG Birlasoft looking strong on daily chart breaking falling resistance trendline and giving positive signals on relative strength indicator (RSI)
:-Cause of long
1- Falling trend breakout
2- Positive divergence on Rsi
SPAL a perfect time to enter before a cup and handle boI absolutely loved this stock as right now its the perfect time to enter the stock. It will form cup and handle pattern eventually.
Right now the RR ratio for the stock is highly favorable for a medium term swing trade. And if we are patient enough and if the stock gives a BO of that cup and handle then we will enjoy a lot of profits
Disc applies.
Nifty multiple bullish divergences Reversal likely in the forth coming weeks. The bottom has either been made or shall be made shortly.
Tech maindra longterm tech maindra near bottom this area candle confrimation complete all correction
