After testing everyone's patience and withstanding all the heavy selling by institutions that hold large stakes, we get a monthly closing above the 8-month resistance. Big institutions have bought in the last month. Expecting a solid re-rating from here. The results were solid as well. NGL this past month was annoying, but now we go to the moon.
TATA Power has already achieved the adjusted target as per flag pattern, if we apply flag pattern as per book rules then 567 is the target which is yet to come. TATA POWER is travelling in the channel drawn, as per that if it crosses current LTH of 464 then it can reach to 480-490 and then again make a down move towards the bottom line of the channel which can be...
ASHOKLEY (ASHOK LEYLAND) has completed distorted C&H pattern as well as retest the LTH made during 2018. With the depth of 134 points (167-33) the target is 167+134 = ~301. Intermediate targets 203 (completed), 222, 250 - keep trailing stop loss as it reaches next target. * It is not a trade advise but technical analysis shared based on my understanding of...
AUROPHARMA : is making ascending triangle pattern with lower highs and higher lows which means it can give breakout in any direction with. On lower side 1160 is the immediate support and on upper side LTH (1145) is the resistance. For long term view please refer below link :-
First target is around 104k usd (P&F) and 2nd one is around 125k usd (rounding bottom). ** This is not a trade advise but just the possible target predictions based on chart analysis.
Seems LT is in fresh cycle of Elliott wave impulsive wave on smaller timeframe. I have not seen on bigger timeframe which actually run the flow but looking at smaller cycle seems LT must march towards LTH in the waves I have drawn. Currently at the time of posting it is just starting the new Elliot wave cycle. * It is not a trade advise but technical analysis...
AUROPHARMA is already in Elliot wave cycle 3 which is supposed to be the strongest and within this it seems has completed wave 1 and 2, if this gets confirmed and see up move from here then wave 3 of wave 3 is supposed to be longest and strongest. Above 1292 the stock is going to give big targets close to 1700 and even higher post that. For short term the stock...
Nifty has completed 3rd wave of cycle which started from low of 04 June and hence now nifty must moved to a consolidation phase in ABC (zigzag form)n for couple of days. It is difficult to predict how much of this zigzag will be formed tomorrow but most likely first there will be down side move (12345 wave pattern already started from 23889) and then some...
Buy Asian paints at 2845 with a stop loss of 2818, that must be last down move and from here it is bound to move beyond 3200 at least.. at 2845 wave 1, 2 are supposed to finish for new impulsive wave series and then wave 3 must be 360+ points at least from 2844 ** Please take any trade at your own risk, this is my analysis and sharing in case if goes right and...
BTC USDT Perpetual is in long base (150+ days). 100k incoming?
A. Elliot wave - Seems to be in wave (iii of wave 5) This script seems to be in the last leg 5 of Elliot wave after spending good amount of time in wave 4 (minor correction phase), if so wave 5 need to be smaller than wave 3 length (290 points) a. It can be of length similar to wave 1 ~= 140 points target of ~540 OR b. it can be 1.618 retracement of wave 4 ~=160...
PFC seems to be in (iii) wave of 3rd wave and making new LTH every other day so with wave rules if we consider 1.618 retracement from wave 1 so it can go up to 660 followed by minor correction wave 4, the final wave 5 target can be up to 725 applying rounding bottom formation completed at 560 level. Though it is difficult to catch the top until it is...
Hi Traders, This is VAIBHAVGBL Monthly Chart. This Best time to invest for long term with small SL which is 50 Rupees. Strategy - This Power Of Stock 5 EMA Monthly Candle Note - This is only for education purpose
This script after making a LTH of 3590 in Jan 2022 has been in correction phase in pattern of ABC WAVES (blue color). Currently it is in last phase i.e C which is supposed to be in the form of 12345 pattern (green color). Within this wave C waves 1,2,3 seems to be over and we are in wave 4. If the stock keep following the Elliott wave theory then 1. As low of wave...
NSE:NIFTY Index closed near 24855 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 25500 Strike – 84.80 Lakh 25000 Strike – 75.15 Lakh 25200 Strike – 73.59 Lakh Put Writing 24500 Strike – 72.44 Lakh 24400 Strike – 60.57 Lakh 24600 Strike – 44.40 Lakh Index has resistance near 25000 – 25100 range and if index...
NSE:BANKNIFTY Index closed near 51500 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 53000 Strike – 50.36 Lakh 52000 Strike – 38.30 Lakh 52500 Strike – 36.90 Lakh Put Writing 50000 Strike – 35.11 Lakh 51000 Strike – 27.21 Lakh 50200 Strike – 23.92 Lakh Index has resistance near 51900 – 52000 range and if...
NSE:CNXFINANCE Index closed near 23340 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 23500 Strike – 2.18 Lakh 23400 Strike – 1.88 Lakh 23600 Strike – 1.68 Lakh Put Writing 23400 Strike – 2.27 Lakh 23000 Strike – 1.70 Lakh 23500 Strike – 1.45 Lakh Index has resistance near 23600 - 23700 range and if index...
NSE:NIFTY_MID_SELECT Index closed near 12870 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 12800 Strike – 7.75 Lakh 13000 Strike – 4.47 Lakh 12900 Strike – 5.17 Lakh Put Writing 12800 Strike – 10.41 Lakh 12500 Strike – 7.72 Lakh 12700 Strike – 5.55 Lakh Index has immediate resistance near 12875 – 12925...