Adani Enterprise Cmp 1844 dated 11.1.2022 1. Channel Consolidation BO @ 1803 2. Inverted H&S Pattern Buy for a tgt of 1965 SL 1770 for Short to Medium term tgt of 2200+ SL 1690 It is just a view, pls trade at your own risk.
The stock Creates some kind of channel pattern. wait for channel breakout ..If it gave strong breakout , then place your entry.
According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)). Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal. If the price breaks wave (X) , the price will surely make a new high because it will give evidence of the impulsive move. Price may take retracement as wave x...
Go For long , inside channel , trying to break the channel on upper side , shows all possibilities of breaking up on the upper side.
Analysis from 20-12-2021 onwards. We are seeing complex corrective rise in Nifty in the form WXY double correction,where prices have not breached raising channel even after 4 touch points. Currently we are in wave C of second correction Y in blue,and going ahead we can see price falling in 17616-17550 zone to complete wave B of higher degree wave Y.Prices can...
Levels mentioned on the chart. SL based on daily closing.
LOGIC,LEVEL AND TARGET WELL MENTIONED IN THE CHART NOTE -The above interpretation from the chart is my personal view and doesn't guarantee any success. (Do talk to your financial advisor before making any investment decisions) please like, share and comment if you have any suggestion regarding this analysis.
Technically on the daily charts we see major support on the downside @ 56.50 levels, whereas minor resistance on the upside is capped around 61.30 level If breaches minor resistance on the upside and closes above it for 15min, we may see fresh breakout and BHEL can Lead towards higher levels around 70/78.50 levels in Short Term . Breaking out of the ...
BIRLASOFT CMP 577 dated 7.1.2022 1. Parallel Channel BO @ 585 2. Volume Increase Buy above 585 for a tgt of 675 SL 540 It is just a view, pls trade at your own risk.
Levels mentioned on the chart. SL based on daily closing basis (DCB)
Levels mentioned on chart. SL is based on closing.
Accumulate for targets suggested on charts Swing & Positional Trade
On weekly chart it seems like we are in cycle degree impulse wave 5,entire cycle degree wave 5 started in 2017 February. Current count Cycle:wave 5 Primary:wave 5 Intermediate:wave 2(either triangle or diametric) Minor:wave d(not shown) Based on the internal structure of Intermediate 1 of Primary 5,it seems like Primary 5 will make ending diagonal there by...
#NationalAluminium ascending wedge breaking outside resistance The stock seems to be breaking out of a previous resistance zone within an ascending broadening wedge patterns where swing trading opportunities till upside of channel now.Wide range bullish breakout candle and momentum and trend give Indication that price could be heading ahead. Stop loss below alert...
Good long pole formation and after that long parallel channel run up with a bullish Breakout since it has already given follow through BO to the BO so I am hopeful to reach resistance zone before it slow down. however that's not the end of bulls. BO above that is going to be great.
NSE:MAYURUNIQ is consolidating in a channel pattern for more than 18 months and it looks ready and bullish to break it and give a big upmove. It retraced after giving a breakout from its previous horizontal resistance and it may break the channel pattern with the next upmove. Another bullish sign is that the stock moved to virgin territory and is spending some...
stock consolidating in the parallel channel after a round movement in the previous rally combined made cup and handle pattern now ready to breakout
Wave 3 is starting with initial expectation around 1000. Invalid below 885. Note- Do your own research before taking any trade.