Elliott Wave footstep for Voltas:
W2 & W3 corrective
W2 retraced at 50% exact
W3, price extended 161% compare to W1.
The Corrective W4 traveled in rage between 38.2 and 50%.
W5 exactly was normal.
The price is under the waves a,b, and c correction.
Support 408, can push price up-to...
Parallel Channel defined validation, more than 2 price is used to find price point by connecting at least minimum two price in degree.
TCS trading price at DECISIVE zone for further direction: up-break or follow the channel as projection. If price is continue call follow the price parallel channel, the first target is at 1977 nearby.
Observation by using...
The price trade under the "sleepy channel" in where price has low momentum target 9596 if continue trade 9200 above.
unsafe 8915 - free fall if price trade below it.
Nifty is still trading into trending channel.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
The price is moving near the support line.
The small channel where the price rotation is moving.
There is no trading activity is the middle of the stock.
Investor have good chances for investing as price has move to higher low and mainly at support.
If there isn’t a strong increase in volume the move may be unsustainable with price
Volume vs. Price Action:
Points to be focus on:
Gap (run away type)
Invalid Doji (from the left to right Doji is invalid because of low volume compare to previous candle)
sequence of tails (sign of existence negativeness)
Interruption began to push price upward.
Red Alert : sellers will take action on the Red Alert zone 1542 to 1490, and price...
50% retraced 4th wave - 8957
61.8% retrace 4th wave - 8741
Wave 1 and 2, both connected parallel chance for finding 4rth wave. Intraday support 9100 nearby.
Short Sellers: first target 8965-8935 after breaking down the channel.
Next long position Trade Setup have two option :-
Buy 8957nearby with minor stop-loss and,
Last buy 8741 with stop...
View posted on 25 May 20 & its already up by +1512 odd points.
"SAU SUNAAR(INTRADAY TRADER) KI, EK RAJPOOT(SWING/POSITIONAL TRADER) KI"
Seriously speaking, patience is the key, wait for the perfect moment & hit hard
Views are for ‘’EDUCATIONAL...
Kinnari + Elliott's wave theory
5 + 3 = Waves
The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wave.
Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel.
-> Bottom Out: You have figured out that Wave 4 would normally retrace...
Closing price 9066
- Nifty is trading in downtrend channel
- Important levels on the upside are 9105 / 9136 / 9158
- Important levels on the lower side 9044 / 9023 / 8996 / 8941
From positional point of view there is a possibility of Nifty heading towards 9266 / 9320 levels by month end.
Given the view, we would be considering to sell 28 May...
Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold (Friday)
Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to...
Risk vs. Reward = 5 vs 17 points (1 is to 3)
Suppose to, you are going to get chance for long between 110-105 at where your reward will be more higher than risk.
Support of lower bound at 111 with Safe-Target 127 above for same channel but if price shift toward the new "Value Area (3)" in upward then swing target 138-155.
The Decision is your and...
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