Axis bank has been in the consolidation phase for more than 15 months. Prices fall rapidly after the crossover of 50 & 200 EMA . We can draw two control lines which can be helpful for target measurement. If the price enters into the parallel channel, and after retracement sustains above 680 , traders can trade for the following target of 692 - 714 - 752 ....
Pokarna has completed its impulsive wave c of the corrective wave ((4)). Wave C has traveled 100% Fibonacci extension of wave A at 548 . Currently, the price has broken down the A wave at 585. If it sustains below 585 , traders can expect the following targets: 558 - 536 - 505 . 505 is strong support because corrective wave 4 accomplish near the corrective...
Adani Transmission (Closing Price: 1869.9) According to Elliott Wave projection, Adani Transmission price will hike and touch 2118 - 2304 - 2364 levels. And the day traders can expect 1920 - 1946 levels.
JSW Energy has been forming a downward channel for 22 weeks, and Elliott's projection illustrates the formation of a corrective structure. Traders can short for the following targets: 289- 278 - 262 The corrective pattern started unfolding after a high of 408. Let's discuss wave formations and the Fibonacci relationship of correction. Wave ((A)) is an...
According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)). Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal. If the price breaks wave (X) , the price will surely make a new high because it will give evidence of the impulsive move. Price may take retracement as wave x...
Nifty has completed the law of similar action. It has broken the corrective channels and touched the lower band at 16892. Price has faced support on the lower band and responded with demand by touching the upper band. At this time, the price is out of the downtrend channel. In my previous idea, I have mentioned that if the price can't break the pivot point,...
Price is moving under the consolidation area for 225 days . It has finalized sub-wave (C) of wave ((4)). If price breaks sub-wave 4 of wave (C) of wave ((4)), it is the beginning signal of Wave ((5)). We can get the following swing trade targets: 340 - 362 - 415
Here, AC and CE are 0.52 . BD is 1.27 . By using ABCD & Three Drives Pattern, USD/INR will test 79 levels in the 2021 year. Afterward, its trend will change. We may see 75 levels as a correction. Short-term investors can buy here for 74.4 - 76 - 78+ levels. ABCD Pattern shows that the C point is a stepping stool towards the level of 79.44 (...
The daily is turning up against the 3/09/2020 lows at 101.19. The 4 hour right side is down against 108.15. While below 107.54 the pair can see a swing lower toward 104.28 to correct the cycle up from the 3/09/2020 lows. Long USDJPY @105.35-105.20 Target: 106.00 Sl: 104.80 good luck !
The daily is turning up against the 3/09/2020 lows at 101.19. The 4 hour is turning down against 109.85. While below 108.16 the pair can see a swing lower toward 104.28 to correct the cycle up from the 3/09/2020 lows. LONG USDJPY @107.20-05 TP: 107.70 SL: 106.80 good luck !
The daily is turning up against the 3/09/2020 lows at 101.19. The 4 hour is turning down against 109.86. While below 108.17 the pair can see a swing lower toward 104.28 to correct the cycle up from the 3/09/2020 lows. Short USDJPY @107.35-55 TP: 106.50 SL: 107.88 Good luck
The 4-hour is turning down against the 6/10/20 highs at 1.2815 . The 1 hour is turning up against 1.2440. While a bounce fails below the 6/10/20 highs expect the pair back lower under the March lows. Short term trade setup LONG GBPUSD @1.2460-40 TP: 1.2600 SL: 1.2510 Good luck !
The 4 hour right side is down against the 3/19/20 highs at 1.9789. Ideally while below the late June highs there the pair can see a turn back lower continue. Before fall we can see a short term rally towards 1.6350 LONG EURUAD @1.6230-10 TP1- 1.6280 tp2- 1.6340 SL: 1.6190 Good luck !
The daily right side is down against .6978 and the 4 hour is favored turning down against there as well. The hourly is turning up against .6381. While above there it can see another high toward the .6700 area before turning lower again. long NZDUSD @0.6540-06520 tp: 0.6620 sl: 0.6480 good luck
The 4-hour turning down with a bearish sequence against the 6/05/2020 highs at 139.74. The 1 hour is turning down against 134.69. While below there expect the pair to extend lower. Sell GBPJPY @134.45-60 TP: 133.70-50 SL: 135.00 Good luck
The 4 hour right side is down with a bearish sequence against the 1.1497 high from 3/09/2020. The 1 hour is turning up against 1.1183. While above there expect the pair higher toward 1.1497 before a larger turn lower again. BUY EURUSD @1.1290-70 Target- 1.1350 Sl: 1.1250 Good luck !
The 4-hour right side is down with a bearish sequence against the 6/10/20 highs at 1.2823 . The 1 hour is turning up against 1.2249. While a bounce fails below the 6/10/20 highs expect the pair back lower under the March lows. Short term trade setup Long @ 1.2380-40 TP: 1.2500 Sl: 1.2300 Good luck !