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Sensex

MARINE ELECTRICAL TREND REVERSALThis stock is technically too weak almost near its all time low. The stock marine electrical is putting no more lower lows from a harmonic bullish bat pattern which is sign of trend reversal . Other confirmations can be a trend line breakout and higher highs higher lows formation If anyones looking for a high rewarding low risk stock but rate of sucess is too low then this is the one to watch out for. Expecting targets of 50% with a risk (stop loss) of 5%-6% RR of 1:10 Great setup for me to be truthfull . Ready to risk 5% for big targets Follow me for more content
NSE:MARINELong
by kb_rocks1290
1
Nifty Elliott Wave Analysis - Bear Market Since making a panic bottom in March 2020, Indian Markets, along with rest of the globe, have rallied in an impulsive fashion. The entire up move can be plotted as a five wave impulsive structure. The wave counts here also coincide with the prevailing social mood and the level of broader participation which has progressively increased with every successive up move. Markets are nothing but reflection of the social mood in price and the wave analysis captures this behavioral aspect of financial markets. Nifty found a strong resistance at the Fibonacci level of 161.8% inverse retracement of the immediately preceding fall. Generally, this Fibonacci level is where we see major reversal but nonetheless markets overshot this level. Since Feb. 2021, various inter market divergences started developing specifically with respect to other emerging markets, dollar, Gold etc. We at Milestone believe this entire rise from March 2020 bottom is complete and we are now entering a correction that we expect to be at least 50% retracement of the whole rise. We have been warning of an imminent fall in the markets since 4th of August to our students at Milestone. We have witnessed that bear trend in Midcaps and Smallcaps which represent the broad market health but it was just a matter of time before we witnessed the same in the Largecaps and the the benchmark indices. Be prepared for what is coming.
NSE:NIFTYShort
by MilestoneCapital