Infy Elliott Wave counts on Weekly scaleInfy has completed Wave A & B now Wave C down has started Wave 1 of C can end around 1455 for a small bounce in Wave 2 but eventually we should reach 1160-1050 levels to complete bigger Bearish Sequence.
Probability
Nifty Down to 18000 range ??!!!Chart pattern insisting the opinion titled above!!
Reasons:
1. 9th December Day Candle - Bearish engulfing candle with wick at bottom ( but low got tested the next day ) .
2. H&S pattern in process (right shoulder yet to form).
3. Major Trendline resistance above.
Target and Sacred SL mentioned in chart !!
Let's see how it moves!!!
Note - Just sharing my probable view....not a tip nor advice!!!!!
ITDC MULTIBAGGER STOCK ??!!!Fundamentally Good stock with quality parameters improving a lot !!!
Technically,
1. ITDC has given a weekly breakout with superb volume out of triangular pattern .
2. SL and Target levels mentioned in the chart.
3. Inverted Head and Shoulders pattern .
4. Evolving channel pattern.
Let's Wait and Watch how its going to move !!!!
Note - Just Sharing my view....not a tip nor advice !!!!!
Make it to watchlist...lets see how it moves.Till now, chart shows good pattern and follow ups.
higher low is getting ready.
But we have to wait for a confirmation to enter(SINCE THE MARKET IS VOLATILE)
May be soon, a Bullish Marubozu candle (WITH HUGE VOLUME) will welcome us.
Lets wait and watch.
Note: just for knowledge....not a tip/advice.
BREAKOUT with VOLUME..ADD TO WATCHLISTDREDGECORP is travelling in a channel pattern in monthly time frame...and now it has given a superb breakout with huge volume.
seems like big players are getting in...
Fundamentally, its coming out of bad results and net cash flow is showing it to us.
Note- not a tip nor advice. just for knowledge.
Down move to 800 possible ??!!Chart patterns providing us clues to go short!!!
Lets wait and watch!!!!
JUST FOR KNOWLEDGE!!!!
Breakout!!Explained in chart.
CHART looks good for a upward move!
LET'S WAIT AND WATCH!!!
Note: just for knowledge...neither a tip nor advice!
ALKEM Technically towards upside ??!!Forming a HEAD AND SHOULDERS PATTERN!!
We can expect a breakout off that orange trendline channel.
Remember timing the market is never a good thing to do...
Let's wait and watch!!
Every chart helps us to improve our skills!!
just for knowledge !!! not a tip nor advice!!!!
METROPOLIS STARTED REVERSING AFTER A HUGE FALL ???!!!Chart showing signs of reversal.
In weekly chart, there is a BULLISH HARAMI pattern with good volume!!
If it breaks below the yellow trendline , Be cautious.
Red horizontal line(1850 level) can be easy target.
FIIs too increased their holding in Sep 22...
Will it be a rally if DIIs join??
Let's wait and watch!!!
just for knowledge...not to be taken as tip nor advice!!
READY FOR A UPMOVE ?!!!!SUPERB Consolidation.
Chart itself explains the situation.
Following a channel pattern.
Inverted Head and Shoulders pattern too visible.(forming the right shoulder)
ENTRY can be after a breakout.(as the market is so volatile)
SL closing below bullish engulfing candle shown in chart.
Note: Just for KNOWLEDGE purpose...not a tip nor advice.
CUP AND HANDLE FORMING.ADD TO WATCH LIST.Good fundamentals.
Forming a nice cup and handle pattern.
lets wait for the breakout.
Channel pattern inviting us to go Long. Let's Wait for breakout.Explained in chart.
SL-- Day candle closing below 540 .
Yellow trendline above is the target when touched....safe to exit.
it is yet to form a higher low and then we can expect a breakout.
Lets wait and watch...
Add it to watch list...
Note: just for knowledge...not a tip nor advice.
Technical Indicators: Are they certain or probabilistic?There are three types of technical indicators that I have listed in this post- Trend, Momentum and Volatility . This is not an exhaustive but selective list of indicators. The selection is based upon the most useful and the most popular ones.
🔊 General Definitions
✔ Trend Indicators : They represent the overall direction of the market. These indicators lose their significance in a sideways market.
✔ Momentum Indicators : They represent the rate of change in price over a period of time. These indicators oscillate between a defined upper and lower limit and hence are also known as oscillators.
✔ Volatility Indicators : They represent the intensity of price swings around the mean price. These indicators are useful in identifying vital values such as stop loss and targets.
👉 Select carefully : Any indicator can be selected from a specific group but it should be avoided to select two indicators from same group. Reason being two indicators would fire signals for the same characteristic and hence one of the signals will become redundant.
For using multiple indicators, it is advised to take only one signal from each group.
👉 Certainty behind indicators : Trading is probabilistic and indicators are a subset of trading, hence they cannot be certain. In simple words, indicators are derivatives of the price action so most of them are delayed. That is the reason, many a times, signals are fired too late. On the other hand indicators are good at devising strategies.
🚩It is advised to trade one strategy consistently. One advantage of indicator based strategies is that they make the trading process more mechanical and hence help in infusing discipline. In this way it may suppress the haunting psychological weaknesses in traders over a period of time.
🚩There are some traders who have used indicators and made money while most of the others have given up on indicators and made money by trading price action only. In my opinion one should always give it a try before giving up. It will surely add to one’s knowledge. I am not too much in favor of indicators but one should always try to discover new things for creativity.
I hope it helped. Thanks for reading 👋
Morning doji star. Long probability highPerfect morning doji star at trendline support....
SL @ low of doji
target 195
just for knowledge....not to be taken as investment advice.
TRADE ALWAYS WITH PROBABILITY....NEVER TRADE WITH CONVICTION.
most of the time this pattern worka bullish HnS pattern formation on daliy time frame
we should go long for target 1=570
target2=670
ist target may be take 2-3 weeks
2nd target 6-8 weeks
HIGH PROBABLITY TRADE
Dalmia Bharat Sugar Bullish BiasParty just got started
Sugar sector
Monthly W breakout if closing above 203
can be bought at dips or lower levels
SL 130 levels
Target 350/400 levels
Please note this is a Monthly Chart needs to have patience for such good trade
WATCHOUT FOR THE CLOSING ABOVE 190!!!Once the stock closes over 190 it may look to test the higher levels, it even has the potential to go past the all time high levels. Rerating lies ahead of this stock so a strong buy is recommended once it fulfills the conditions.
Adani Enterprise likely to have a pullbackA strong impulse wave can be identified according to me. A short position for a couple of days might be good. Also the trend is bullish so a pullback is likely to happen
Probability Theory on WIPROHow many Probability In trading?
ans - 3 (Bull, Bear and Side way Markets)
Wipro is on bull run
Stock last swing define as 1 or 2
now next move will be point 3
Trade No 1
If price closed below 371 than Short for target of 367 ,361
or below 361 closing price can trade up to 350 zone
&
Trade No 2
If price rejection near 371 -381
than buy above 382 Closing for target of 388,399 or 405
Sl Random as per your Risk management
Trade with >70% probability: BUY close@ 1,2345 Trade with >70% probability: BUY close@ 1,2345
Risk: - 26pips Profit: +20pips
Profit/ Risck Ratio: +76.9%
Theoric Probability: >70% Actual Probability: + 94.11%
Total Gain: +488pips
