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End of B wave -Trade stands to Neutral I am looking this is almost end of B (b) wave with in small correction , and price can start its down ward move which can be refer as Wave (c) with in small Bull Flag its Too early to call for Bullish flag brake out , I am not looking that possibility at this instance , The entire trend is in Complex Structure from its start a refereed Start of X wave Commodity scrips move mostly in side ways as they are influenced by Commodity price driven in the Market they usually develop very slow i have made small efforts in putting the internal sub wave by using white and blue color , if any one has doubt can write a comment thanks
NSE:TATASTEEL
by ShreeKrishna_F
Possible End of impulse wave 2 & Start of New Impulse 3This one is preparing for end of the current wave 2 and turn for impulse wave 3 which possibly could move higher than ATH Few things you can expect in current structure 01) It can further come down below the recent low and tag 30/28 and reverse which might be a one single day move (in my view) 02) or it can turn now only and start moving up which is possible but so far it has not given any indication of start of impulse 03) Scrip related to commodity like metal and Food grain have some specific character they need not make new ATH but can tag the ATH and reverse , they will move pretty much in side way formation due to commodity driven scrip Which one of the above will happen i dont know , but i am not looking for any bottom fishing , i will wait for an start of impulse which might be more than 4 % move in a day and then enter on pull back or brake of the high Lets see how it move
NSE:SAILLong
by I-Fund-Trader
Focus on GoldThe yellow metal failed to cling on to its gain after breaking out above 200MA (Weekly) earlier and currently trading below the 20MA daily. Given the daily indicators are remaining bearish, cautious remains in order with an eye on the support at 1216.00$ it’s 100MA and 1210.00$ its 50MA. A break below of these last support level would drag the price further to 1205.00$ it’s C corrective pattern on the H4 chart (1212.00$-1237.40$) and 50.0% of the fib reaction (1160.00$-1243.40$). www.keytomarkets.com Forecast: We expect the current correction could pause between 1216.00$-1210.00$. In this case, a sharp short-term rally would trigger to 1220.00$, 1227.00$ ahead of the critical resistance 1236.00$.
TVC:GOLD
by KeytoMarkets