Possible C-Wave; Short term Elliotical Approach to EURUSD. Hello Traders!
1. We see a 5-wave move down, a clear impulse; then Wave A breaking into 5 parts, and then a clear Wave B breaking into further 3 parts.
2. We see a running triangle variation forming as shown in the chart and then a 5-move impulse down. Image attached.
3. A 5-move wave up can be clearly seen on the chart in the 15-minute timeframe. That will be our 1st wave.
4. Target can be anywhere between 100% of Wave B and 161.8% of Wave A. That gives us the complete green zone.
5. I've already talked about irregular correction quite in depth in the BTC idea I published recently. The link will be attached.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
Retracement
ASIAN PAINT LTD : BOTH SHORT AND LONG TERM TRADEAsian Paints Ltd does not need any introduction. With Market Cap of 2,69,000 Cr and a legacy of pre -independence foundation in 1945, the stock is all time favorite for for both retail and Institutional buyers.
Currently the stock has just reversed from its downtrend and stands @ 2833.60.
The chart has already tested the support @ 2820.10 which is our stop loss for this trade.
One can enter this trade anytime now as it has crossed below the neck of reversed HEAD AND SHOULDER pattern .
Out Targets would be 2913.50 , 3000 , 3254 and 3450 .
It is both for short term trading as well as Long term hold as the stock is in uptrend in Higher Time frame ( Monthly )
RSI is crossing level of 50 in uptrend
High Volume seen in recent trading days.
We will definitely see Golden Cross over within next 3 weeks.
A good opportunity to add this stock in your portfolio.
Please keep boosting my study and analysis , it is helping me a lot.
Good Lock !!!
TCS LONG TERM PLANNING A Detailed analysis of TCS for Medium term Hold (1-3 months): CMP 3558
The Chart has broken down the long-term resistance at 3485, however, the CUP formation is yet to be completed. Once the CUP is formed at 3815, which certainly is our first target, the Chart will show some correction and price action to complete the HANDLE formation as displayed in the chart. Once we see the price action after completion of CUP & HANDLE formation, we are ready for a long-term hold. We can have 3 resistance level and two entry levels as our targets as detailed in the chart. The chart is accompanied by GOLDEN CROSS OVER.
Please boost, as it motivates and is the payback to my hard work for new traders.
Nrml Buy trade in Titan for almost 3 to 4 days here titan is continously falling from its top the retracement come and go this stock become very weak, sellers can not push stock further to downside because its already in down side now its buyer short trade oppourtunity to buy a stock for two to three days and hit back to late seller who do not identify the oppourtunity on time this may be the buyers chance to hit back and selling has marginally decrease from last three days i have watching this stock on daily i seen a pattern that may behave like a bullish pin bar formation buyers are accumalating at 2300 to 2350 level and target would 2400 to 2450 level this is clearly a logical trade i did not seen any big breakout yet but i can tell this from my experience if i am wrong than i will add this to my experience or if i was right then i will continue to follow this method
here is chart which i capture
analysis point
1> there is gap between 2410 ti 2420
2> its fall for almost 3 days forcefully
3>it has retrace back at least for 2 days which in fact try to filled those gap or even it might go above that to exit late shorted seller
these are our analysis points
KPITTech, strong script in weak IT pack, 612-620 grt valu zoneIn entire IT pack which is struggling right now, KPIT Tech looks strong on daily & weekly TF. Any retracement towards 612-620 zone will provide good opportunity to enter. RSI, ADX both are strong on daily & weekly TF so I would be looking for opportunity to enter. Entry in the zone of 612-620 with targets 1) 720 2) 790 and SL of 599 on weekly basis will be my plan.
Happy earning :)
Breakout and Retest at confluence. PLEASE WATCH MY ANALYSIS ON INDEX TO GET MORE CLARITY ON MY ENTRY. (Available in my profile)
1. Breakout from a consolidation with momentum and retraced
2. Good trendline on the retracement
3. 1DAY 20 MA is too far
MY ENTRY
When 1HR candle closes above the trendline and prior support.
"This is not a call, this is just my view on the stock. Please trade sensibly"
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Stock after giving good breakout, retraced to its breakout levels and then again started Upside movement.
Showing good example of breakout, pullback, retest and continuation.
Buy at CMP also with positional view for minimum 3-5% targets.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
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TATA Chem ready to FlyTata chemical is forming very good pattern clearly showing price action formation. Support from this level and bounce will be a good short to mid term trade.
Disclaimer: This study is for educational purpose only & is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Buy jk cement long strategybuy around 2150 -2160 if possible or else get it with your own risk to reward ratio
target for 3-5 %
its rsi in day is deep oversold 14<
hold it gona give you a big 3-5 % and then exit wait till make a w pattern then reenter to get 5-8 %
Remember any stock in the world cannot move with slope as infinity it need's price action calculus approach
Big one don't miss it
patience , perseverence and persistance if something does'nt work there is always other definetly works !!!
# in future I can short call to maximise profit and minimise my risk in this type of trades
Disclamer :- I am posting this to make myself aware of the trades i have taken so please if you follow then take at your risk to reward ratio