Price Action Analysis:
On a weekly time frame price action in the current week formed a Bullish SKR price bar pattern to final close at 21754. In the previous week price action resulted into a down bar. With the start of the week price violated the low of the previous week and recorded a low at 21031. Throughout the current week the low of first day of the week...
Price Action Analysis:
The present scenario in Nifty reminds me of a paradigm MOB - Make or Break situation. The previous week price bar structure was a Bearish SKR. On Monday price opened at 11057 and recored a low 10882 breaking the low of previous two weeks. But the low of Monday was protected throughout the current week and price advanced making higher low...
Price Action Analysis:
BankNifty recorded an all-time high at 32614 in the month of December 2019. From the all-time high price declined in a three leg down move to and recorded a new low at 16116. From the low of 16116 price retraced in three leg up move with a swing high at 21967, swing low at 17105, a higher swing high 23212 and to finally close at 21640....
Price Action Analysis:
Nifty recorded an all-time high at 12431 in the month of January 2020. From the all-time high price declined and recorded a new low at 7511. From the low of 7511 price retraced in three leg up move with a swing high at 9889, swing low at 8806 and to finally close at 11073.
The question in the mind of most traders is that, will this up move...
As explained on chart.
Would suggest a staggered investing method for portfolio addition and Swing trades.
Long Entry price 180-185
SL Lifetime Low 177
Target Open! Swing traders can exit at Targets 200-210
I personally feel that the budget on Saturday is going to give a nice boost to energy stocks and such infrastructure/power driven stocks. Starting Addition...
This is the macro view of INFOSYS with Elliott Wave
Even If we look at Macro view of INFOSYS using Elliott wave we have already completed the 5th wave.
Right now we are moving in B wave and then C wave is yet to come to near 516-521 level, lets see if we move there in long term or not
Bull are strong above 30k bank nifty if break flag formation can head towards 30,300 -> 30,500 -> 30,3700 -> 30,900 -> 31k +++
Bears are strong Below 29500 BN can go till 29000 -> 29800 then bounce back
ichimoku cloud is green for TCS . In addition, TCS has shown bullishness with high volumes in last 3 sessions. Long build up is also observed in open interest. PCR is 1.24 indicating bullish movement in coming days.
Buying Ripple now with less risk now will get more reward in future - BEST LONG TERM INVESTMENT
FUNDAMENTALS-> RIPPLE Partnerships with many companies and a important one is WESTERN UNION Money transfer
It will going to test it on April 18 which influences the chance of more bullish driving forces hereafter
A chance of price will go more than 10$ with in a year
