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Resistence

whirpool symmetrical pattern if wave 4 cant cross 2173.15 and breaks 2139.65 .... then according to Elliot wave theory it can go for 216.8 % retracement and can touch 1870 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Sell @ 2010-2000 ---------- target 1870 _______________________________________________________________________________________________________________________________ _____________________________________________________________________________________ And if it doesn't break 2139.65 and cross 2173.15 then it can touch 2306 and then 2500. _____________________________________________________________________________________ buy @2225-2230 -------- target 2306 & 2500
NSE:WHIRLPOOL
by TRADING_DUNIYA
NIFTY - ONE MORE INDICATION TO PROVE MARKET IS BULLISHA RESISTANCE IS PLACED FOR NIFTY AND IT IS SAID TO BREAK WITHIN THIS WEEK. NIFTY HAD A BULL RUN LAST 2 MONTHS DUE TO RELIANCE ALONE. NOW THE TIME HAS COME FOR OTHER STOCKS FOR FLY. KEEP AN EYE ON NIFTY AS WELL AS BANKING STOCKS BECAUSE THAT IS GOING TO BE IN A BULL RUN FOR THE REST OF THE MONTH. BANK STOCKS SHOULD BE IN WATCH BECAUSE BANKNIFTY IS UNDERPERFORMING FOR A WHILE NOW THEN IS OUR BULLS - DEFENCE STOCKS - THE VERY AMAZING NEWS IS GOING TO BE THE NEXT ROCKETS PAINT COMPANIES (ASIAN, BERGER) ALSO IS IN THE RETRACEMENT AFTER WHICH WE CAN SEE A BULL RUN IN THAT TOO PHARMA IS NOT GOING TO BE BULLISH ENOUGH FROM NOW ON. ZEEL SHOULD ALSO BE IN WATCH AS THEY WERE ARE NOW IN A OVERSOLD ZONE OTHER STOCKS INCLUDE HEVELLS, INFRATEL, AMBUJACEM KEEP IN MIND RELIANCE IS NOT GOING TO PERFORM WELL AND CAN GIVE SHORTING OPPURTINITIES ATLEAST THIS WEEK Beware : Please keep in mind to stay away from pharma and reliance Also this is not any recommendation, This is only for educational purpose. Trade at your own risk. comment down your expection of the market in the coming days and please like if you agree with my statements
NSE:NIFTYLong
by FAHEEMSAM
7
What will the end result of this week be for BSV?Everyone draws their support and resistence lines differently, this is my channel of support and resistence. As long as multiple buttoms and tops touch the channel, it's as good as anybody elses guess. What's important is to look at where this price is compared to the previous weeks candle. The fibonacci I drew is from the Low to High of last week. So these fibo numbers are only for previous weeks price action. And It seems the price has hit 618 and 5. It seems that the price will retrace upwards by the end of the week. Or the price might stay here, or it might drop to the near low of previous weeks open. So our options then: All involve waiting. Doji option We wait for the near end of the week, creating a doji/hammer. we then sell 25% of our previous buy. at 195$ we are looking for a reversal. Wait for a reversal down, unless it explodes past 200, which is a good thing because then we can take out profits and sell 25% of all bsv holdings. We then formulate a new plan. Consolidation Option We wait and see what it does at 170 range and formulate a new plan. Maybe keep this exact same plan. Down to 150 range Option We wait and see if it goes back down to 150 range area to purchase in some new 25%-50% of funds left to from previous sale. Cheers everyone. Stay safe out there.
B
by JacobTrader100