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A near 100% certainty to go LONG from here ! 1. This is typical Zigzag scrip . We can enter when the new Low achived and Price is on way to rise . 2. The wave has just turned green AFTER a big red Wave.. usually gives good upside move from here . 3. The CCI is just crossing Zero . For me that's always a Good indication. 4. the RSI has had inflection at very high levels . 5 The REVERSE Divergence.. Prices are maskinh HIGHER Lows While RSI & CCI are both making Lower Lows indicates that Prices will Rise with great ease now . FRIENDS -- I am only Learning BUT I can say this ---- BUY ! BUY ! BUY !
MLong
by CASubodhSharma
AdaniPorts tested with Elliot Wave and big breakout yet to happ NSE:ADANIPORTS On this stock Elliot wave theory applied and try to find a big move within this stock and what I found till date ** Wave 1 already completed and Wave 2 also with respect of Fibonacci retracement levels . ** On wave 1 we can see a impulse wave with leading diagonal formation pattern and clearly match with Fibo levels in shorter degree waves also. ** On wave 2 also match with Fibo levels and its show zigzag type corrective wave. ** As we know mostly Stock and Forex have the biggest wave is 3rd wave which about to happen, So I am using Fibo levels for Wave 3 predictions which has to be 1.236-161.8% within this range mostly, which is around 405-469 zone but I preferred 450-60 for Wave 3 high. ** Now when and how we should entered in this Wave 3 ? Ans: After breakout above wave 1 high which is 368 approx ** What will be our Target area ? Ans: 25% should booked at 405 and afterwards 460 for rest if the 75% positions. ** Where we should put our Stop ? Ans: Biggest challenge is going to be this one putting a stop this trade a fair stop should be 327-338 zone for out of this trade. Note: Risk is completely yours, this trade can take longer time to complete.
NSE:ADANIPORTSLong
by atin28
Bank Nifty Weekly Technical Outlook – 01.08.2020Price Action Analysis: Price witnessed a zigzag move in the past four weeks by recording a high at 23212 in the previous week and, in the present week price formed a down bar to close at 21640. In the current scenario we have a down bar after an up bar. With a down bar after an up bar price formed a significant weekly higher swing high at 23212. In simple terms a swing high is simply any turning point where rising price changes its direction to falling price. The current week down bar is a bearish bar with the close in the lower one third of the range indicating bears in control. The body to range ratio indicates strong bearishness as the position of close is at the lowest 79 percent of the range. The current price bar has large body and the size of the body (1025) is 3.8 times that of the wick ((269) both upper and lower wick combined) indicating strong bearishness with active participation by sellers. The weekly selling pressure (1028) is 3.8 times that of the weekly buying pressure (265). With a bearish PPR price bar and by analyzing the sentiment of the current down bar we form a bearish expectation. The bearish expectation is confirmed only when price breaks the low of the current down bar at 21375. The bearish expectation will be invalidated if price breaks the swing high at 23211 first, before breaching the low at 21375 On a daily time frame price moved from the swing low of 21027 to the high 23212 in the form of an upswing. From the high of 23212 price declined and made a 1-bar swing low at 21611, 1-bar swing high at 22346 and finally price breached the prior 1-bar swing low of 21611 to close at 21640. Price action near the intermediate swing high at 22346 and major swing low at 21027 will be of utmost importance for the upcoming week. The current weekly volatility decreased to 3.6 compared to the previous weekly volatility of 4. The probable weekly returns for the upcoming week is 781 points from the weekly close, with a measured move in increments of 324 points. Trade Plan The key level of the existing trend is at 21027 and the critical level at 20926. The point of control of Bank Nifty spot for the upcoming week is in the zone of 22022. Price moving above the point of control can find minor resistance in the zone of 22345 and major resistance in the zone of 22669. Price surpassing the major resistance zone can further move towards the zone of 22992 and 23315. Price below the point of control at 22022 can find minor support in the zone of 21699 and major support in the zone of 21375. Price breaking below the major support zone can move lower towards the zone of 21052 and 20729. Disclaimer All investment ideas published are for educational purpose only. All investments and trading decisions involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
NSE:BANKNIFTY
by VanijyamShala
1
Bajajfinsv approaching towards its Monthly SupportBajajfinsv is moving towards its strong support zone at 4022.75 on a monthly chart. One shouldn't take any decision till the time stock trades between 5531.30 & 4022 as we might see stock trading into this zone in a zigzag manner for a long time. All the price mentioned is on a closing price basis on a Monthly chart. Swing traders can take a long side once it hits the support line & then RSI 15 crosses over 40 again on a monthly chart. NSE:BAJAJFINSV
NSE:BAJAJFINSVShort
by Traderanit
L & T elliott wave Chart pattern and trading level.L & T price moving between perfect channel and price is in its corrective wave (b). Wave (b) forming internal double standard of correction in zigzag manner. Price took U turn from 885 level where upper channel was placed. Now price is near lower channel line. Tomorrow If price touch lower channel near 784 may be good buy zone. 784 level is also gann support level. As per wave perspective price is in a wave of (b) wave and after completion I expect price will touch upper channel line once again.
NSE:LTLong
by Rajesh_KumarSingh
Nifty:9553 at Resistance poising for a breakout may Target 11000Nifty attained two initial targets 9038 and 9454 and unlike the expected zigzag pattern it traded in a triangle, currently near its resistance near 9650. On breaking above this level nifty can attain the said 9990, and also the the pattern breakout target is around 11000. Support 9390. The lines marked on right hand side is the weekly Pivot values. Keep extreme caution with appropriate STOP LOSS at these three levels 9650 ,9990 and 11k of course, as we are in a pullback and the situation is not that promising ahead for the markets. I am stranded in Kuwait lonely in my flat, never expected such a drastic situation in my life, all my mental strength is getting stressed day by day(To remind you all about the severity).Wish everything will be alright soon. Take care all your Dear and near, Stay in isolation and be happy with limited resources.
NSE:NIFTYLong
by padiyara
9
WEEKLY ELLIOT WAVE ANALYSIS :- NIFTY 50WEEKLY TIME FRAME The NIFTY 50 covers 13 sectors. It gives weightage of 39.47% to financial services, 15.31% to Energy, 13.01% to IT, 12.38% to Consumer Goods, 6.11 to Automobile and nil to agricultural sector and has a base capital of Rs 2.06 trillion. Nifty has been rallying since Feb 2016 Now we are in the corrective mode structure, its difficult to identify what kind of correction it would be Either it can be Zigzag or Triangle Upward Sign of 9390.31 or 9970.80 levels
NSE:NIFTYLong
by Dino_Naidu
Nifty:8083 an x wave can form up to 9990Nifty made a low of 7511 and reached to the trend line shown in the Last post, expecting the primary wave [4[ correction to include all the points with in the hypo 2-4 line. That was so simple assumption. it doesn't mean that the correction is over. Nifty will come down again & may end some where around 7000 after this current pull back and a side way correction yet to be completed. Nifty pull back move is on and forming a zigzag,an impulse 'a' up to 9038 and 'b' corrected approx:62% abc to 8055, now the c is yet to start soon with a strong impulse move hopefully. On crossing above 9038 nifty can find 9454 and 9983 Be cautious at all these three level as the market is news driven and a huge stumble can be expected anytime at any level. The Horizontal line marked with weekly pivot values will also show some resistance .
NSE:NIFTYLong
by padiyara
2