FSL is in a major downtrend yet, for a swing trade, it's at the bottom of a parallel channel.
Accumulate near the bottom of the channel and sell near the top.
Long term investors can consider 200MA as a good accumulation zone.
Gail India has completed its 4th corrective wave, where wave C is the last leg of correction.
Price took 27 weeks to complete the corrective wave ((4)).
After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high .
The traders can...
On Daily Time Frame, DLF indicating downtrend parallel breakout. After this breakout stock made it's breakout retracement upto breakout resistance level. Expected upside target in this stock is 450 to 462+ within next 1-3 months.
Shyam Metalics and Energy seems to have completed ABC zig zag correction at 300 and came out of channel.
Channel breakout confirmed after it crossed 338 and while coming out formed rising wedge pattern or leading diagonal pattern.
Leading diagonal are found at start of new trend.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical...
BPCL had broken the uptrend channel and started correcting the previous move.
It has made a falling wedge, which is on the level of 61.8%.
Price will reach 401 and may face minor resistance. But If the price gives a strong close above 401.2, we can see the following targets: 415-439-456-469 and more .
If the price doesn't make a higher low and breaks 357,...
Daily Chart:
Elliott Wave Perspective:
Nifty has completed the corrective wave A of triple zigzag (Z)
If the price gives a consecutive close above (X), it suggests that corrective structure has occurred and an impulsive wave started.
However, the price has given three moves after wave A.
Sub-wave a traveled 100% of wave B.
The price is weak below 17639 and...
Preface
APOLLOTYER is preparing for a bull run. After completion of the 3rd wave at 261.2. Price had started a corrective wave ((4)) and took 38 weeks to finish this structure.
A trader can trade impulsive wave ((5)) to make a high confidence trade setup.
Wave Formations and Fibonacci relationships:
Wave ((1))is an impulse with a 5-3-5-3-5 wave structure....
Stock looks to hgave broken out of consolidation 4th wave and started 5th wave
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator...
Preface:
IDFC First bank is ready to march upward. After making the high of 69.30, the Price has started the corrective wave four and took 179 days to complete. The ending point of wave 4 is the starting point of impulsive wave 5.
Wave Formations And Fibonacci Relationships:
Wave 1 is a Leading diagonal which has a 3-3-3-3-3 sub-wave structure.
Wave 2 is a...
India Cement Cmp 255 dated 14-1-2022
1. Channel BO @ 240
2. Flag BO @ 250
3. Volume Surge
Buy for a tgt of 265-310 SL 235
Positional tgt of 390 SL 190
It is just view, pls trade at your own risk.
TATACOFFEE | Channel breakout - Looks potential for 16%
CMP : 212
SL : 204
Target : 245
1:4+ risk reward setup
Trying to time the market based on the time frame and momentum, expecting the setup to complete within 15/01/2022
