BUY KIMS
SAFE ENTRY ABOVE 1305 & AGGRESSIVE ENTRY AT CMP
TARGETS 1340, 1450, 1550++
SL BELOW 1145 ON CLOSING BASIS
(TRAIL SL ONCE TARGETS ARE NEARING)
Disclaimer: All Charts are for Educational Purpose. Please consult your financial advisor before investing.
Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is...
Lets have a look at the analysis -->
1. EW analysis -->
Considering the top at 695.75 as end of wave 3 and now we might be in 4th corrective wave. Currently, we might be in z of wxyxz of 4 as c might have been completed today.
2. Classical TA -->
a. major resistance at 663 levels
b. 78.6% fib retracement at same levels.
c. kumo cloud support at the same...
There is a divergence between nifty and bank nifty. Similar divergence appeared in nov 2010, at that time nifty retraced back to 38% to 50% zone of it previous trend. Similar behavior is likely is current situation.
I always love to trade such a chart but on 5 min. time frame :) Not possible ?? Yes, its possible.. but we will discuss on this topic later in some other post.
CORRECTIONS and the ELLIOT COUNT:
In this chart I can see three major correction. Each one having a different topping pattern. The first correction has a Rising Wedge; the second has Triple Top and...
