The Elliott Wave analysis indicates that the stock has finished corrective wave a-b-c since IPO came. Wave (i) is finished and wave (ii) is about to end, which are shown by blue numbers on the daily chart. It is a buying opportunity on the downturn (dip). Wave (iii) will begin following the completion of wave (ii). Wave (iii) is expected to have around five...
BUY NIFTY 58000, SL- 57500, TGT- 62000 Why? Why i said to buy at 58000, the reason is that price is near it's lower low in Weekly and daily chart, and also you can see that at 60,600 , i mentioned 5 arrow see first it. this point bitcoin get 4 times Resistance and generated a liquidity pool or liquidity area, I OBSEVERED CLOSELY when 4 times get rejected at S/R,...
The federal bank follows the parallel channel in 1D TF so the chance is very high to touch the upper channel and go down that's why here I'm in support of the short position and if you want to go a long wait for the channel breakout after the breakout and its retest I change my position short to long.
Date : 6th June 2024 Time : 10.27 AM Why I am Bullish on Wipro ? 1. Wipro has Formed Cup & Handle Chart Pattern on Monthly TF and successfully retested on neckline too as we can see on Chart. 2. Current Fibonacci level is 0.5 to 0.618 known as Golden Reversal Zone. 3. Nifty IT is Also Showing Bullish Trait like Bullish Divergence. After all this Entry ...
A stock that has been at war since the NBFC crisis..the stock has had provisions after provisions. There are 2 key places where the stock has been taking resistance..the 200WEMA and the AVWAP of the entire down move. If the stock price can cross 955 & 964 and those levels can become a support then we could be in for a turnaround. Long above 955 & 964 with a...
𝗕𝗿𝗲𝗮𝗸𝗼𝘂𝘁 𝘀𝘁𝗼𝗰𝗸𝘀 𝘁𝗼 𝘄𝗮𝘁𝗰𝗵 𝟭. 𝗙𝗜𝗕𝗘𝗥𝗪𝗘𝗕 Timeframe: month
The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap. It has retest the break out zone and the gap is filled. HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels. Entry :- Above 1528 Possible Targets :- 1556,...
1. RSI and Volume: RSI is on the rise, indicating increasing buying pressure. Volume confirms the upside momentum, suggesting strong bullish sentiment. 2. ADX and MACD: ADX is climbing, indicating a strengthening trend. MACD has experienced a bullish crossover, further supporting the bullish bias. 3. Higher Highs: The stock is forming higher highs in lower time...
✅ It has already tested upper trend (white line) multiple time but failed which is 1 year old resistance, but this time the stock is coming with high momentum and should easily break it. If sustains above 475 then rally will start ✅ Fundamentally stock is very strong, i have analysed companies future plans of expansion and outlook all looks good ✅Water pumps...
✅ The stock has been consolidating for the past 7 months, finding strong support around INR 640 and repeatedly testing resistance near 870. Recently, it broke through this resistance with high momentum and significant volume, indicating a strong bullish trend. If the stock sustains above 870, it could see a rally towards 1,000, driven by increased investor...
Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is...
04 Jul 2024 WORLD MARKETS 1. All the world markets are looking bullish post FOMC meeting. Tomorrow is holiday for US markets. INDIA VIX AND GIFT NIFTY 1. India VIX is down 3% indicating more bullishness. 2. GIFT NIFTY is indicating 60 points uptick at 24340 levels. This amounts to 53300 for bank nifty. INDEX HEAVY WEIGHTS 1. HDFC Bank is looking very bullish. But...
Date : 12-Jun-2024 Rating : Buy - Positional Trade LTP : Rs. 492.05 Targets: (1) Rs. 559 --> (2) Rs. 660 SL : Rs. 442 on daily close basis Technical View: • NSE:PFC is in its primary uptrend and was recently going through it's secondary downtrend. • After touching the high of 559 on 3-Jun-2024, it has retraced 29% to 395.20 level. • On 12-Jun-2024, ...
Bullish flag chart pattern has formed in HDFC Bank and also we have seen the breakout yesterday. During the flag formation, we have observe the volume is going down, indicating that the bullish trend will continue. Breakout of bullish with volume indicate a good sign and also RSI is above 60 so the momentum is also available. Levels are mentioned on chart, For...
Hello everyone as some of our fellow traders having issue with chart as written analysis posted under it was old & they wanted to see chart pattern so here's the new chart & CDSL analysis(new) will be posted here from now onwards. (i)price is strong & formed a pattern on day time frame which says price can move up further but there are few zones marked as we need...
The US central bank still needs more data before cutting interest rates to ensure the recent weak inflation figures accurately reflect underlying price pressures. Previous data showed U.S. jobs rose to 8.14 million in May. Friday (US time), which will be important in assessing whether the US labor market remains resilient amid decades of high interest rates.
Go through the analysis carefully, and do trade accordingly. Anup 'BIAS for the day (27-06-2024) Current price- 2318 "if Price stay below 2332, then next target is 2300 and 2290 and above that 2338. -POSSIBILITY-1 Wait (as geopolitical situation are worsening ) -POSSIBILITY-2 Wait (as geopolitical situation are worsening) Best of luck Never risk 2% of...