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Reliance Extended Third Elliot Wave Reliance continuous run-up with extended(3.618) 3rd wave to end near 1997. Volumes are dropping suggesting it may not extend beyond 2000 levels. 4th Wave should start from there which could end between 1625-1570 zones. It has also formed inverse head and shoulders pattern which post breakout target 2333. All details marked in chart. Stock may not follow exact plotted numbers there could be small variation. Disclaimer: Trading based on this analysis may not be suitable for all investors/traders. Consult your financial advisor before trading/investing.
NSE:RELIANCELong
by Niftydirection
4
SYMMETRICAL TRIANGLE PATTERN BREAKOUT IN AXIS BANK -the stock managed to break-out of the pattern today by taking out crucial resistance level in the market -on lower time frames stock managed to break above the level of 440 -after lot of failed attempts it managed to surpass that level today -the stock last traded price(ltp) is at 444 -the stock is now geared up for a big rally on the upside -join the telegram group for live updates we have already taken trades today in "axis bank" BTST TRADE IN AXIS BANK BUY@442 STOP@435 TARGET@454 !!please note trade with caution!! !!manage your risk!! !!trade-wise!! !!please adjust for future rates!! (trade active already) NEW POSITIONAL TRADE IN AXIS BANK BUY@445-448 STOP@430 TARGET-1@465 TARGET-2@478
NSE:AXISBANKLong
by manavtechresearch
11
NIFTY INDEX VIEW NIFTY WEEKLY CHART ANALYSIS -SINCE 9TH 2017 OCT 9950 HAS BEEN A CRUCIAL SUPPORT FOR THE INDEX QUIET A FEW TIMES -REMEMBER HIGHER THE TIME-FRAME STRONGER IS THE SUPPORT/RESISTANCE -WE TOOK LOT OF TIME TO BREAK ABOVE 9950 INITALLY -BUT SINCE OCT OF 2017 WE HAVEN'T GONE BELOW IT -DUE TO THE PANDEMIC THE LEVEL WAS FINALLY BROKEN IT TRAPPED SOME SHORT PLAYERS -BUT EVENTUALLY GAVE IN FIBO-LEVELS -CURRENTLY MARKET REVERSED FROM ITS 50% RETRACEMENT LEVELS ON THE INDEX -ALMOST SAME LEVELS ARE VISIBLE ON DAILY CHARTS NIFTY DAILY CHART VIEW -IF ANALYSIS ARE TRUE ON THE FIBO AND PRICE ACTION WE CAN CONFIRM THAT WE MIGHT HAVE SEEN A !!DEAD CAT BOUNCE!! -DAILY CHART SHOWS NEAR SUPPORT AT 8910-8950 AS SUPPORT ZONE -BUT SEEING THE MARKET REACTION ON MONDAY MAY CAUSE THIS SUPPORT TO BE A WEAK ONE NIFTY VIEW -PLEASE NOTE TRADE WITH CAUTION -I AM NOT USING ANY INDICATORS E.G MOVING AVG ,RSI,MACD ETC. -REASON BEING THAT THE VOLATILITY IS SO HIGH AND DAILY MOVEMENT IS CAUSING LOT OF DATA TO BECOME OBSOLETE/MEANINGLESS -THERE WAS NO ROCKET SCIENCE THAT NIFTY WOULD REVERSE FROM LEVELS OF 9950 -WE ALL KNEW IT WAS A CRUCIAL RESISTANCE TO CRACK WHICH WAS POSSIBLE ONLY BY EXTERNAL FACTORS -EXTERNAL FACTORS -NOISE FROM THE MARKET(NEWS) -DEVELOPMENT OF CURABLE DRUG/VACCINE FOR CORONA-VIRUS -STIMULUS PACKAGE BY THE GOVT. -REMEMBER EXTERNAL FACTORS MAY CAUSE THE SHIFT IN THE MARKET DYANMICS BECAUSE AS OF NOW MARKET IS ABSORBING THE NEWS GOOD OR BAD NIFTY TRADE VIEW SHORT@9350-9380 STOP@9550 TARGET-1@9120 TARGET-2@8970 PLEASE NOTE:-RATES ARE ACCORDING TO SPOT LEVELS !!PLEASE WATCH OUT FOR INTRA-DAY TRADE VIEW ON STOCKS AND INDEX FUTURES!! !!STARTING FROM TUESDAY!! !!9:30-10:00 A.M!! !!QUESTIONS ONLY AFTER MARKET HOURS!! !!HOPE TO START THIS FRESH SEGMENT ON REGULAR BASIS FROM NOW ON!! !!PLEASE PING ME FOR ANY STOCK RELATED QUERIES WILL BE AVAILABLE!!
NSE:NIFTYShort
by manavtechresearch
4
Tata Motors : Prime Mover PositionalTata Motors As per Elliots Truncated 5th + it has completed all phases of correction, now is time for a "U" turn at least till 300. Entry : 160 <=> 190 Range Stoploss : 50 pts (Closing Basis) Basic Target: T1 : 300 & T2 : 350 if you have any queries regarding above idea or any other stock feel free to D'M Recently We launched, TruStox Community a community driven platform for Traders with almost all features that a trader needs. Here are some of them:- Regular Study Conferences Collective Fundamental Research Access to Tools from Trader's Toolkit & many more. For More information : Click Here! Note : Trading in any financial market is very risky. We post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
NSE:TATAMOTORSLong
by TruStox
2