The bull run we are witnessing may be wave 4 of the downward rally in Nifty. In that case, we may expect a collapse from here. Currently nifty is trading close to 18100 which corresponds to 0.618 levels of the downward Elliot wave. This level should be a stiff resistance for nifty. Next week market may open with a gap up and can get sold into. Day closing above...
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
USDINR DAILY ANALYSIS 4 MAY 23 SHORT SETUP. usdinr may goes down side, now usdinr 81.7975, on 4 may23 its goes down still 81.6400 is strong support.
The stock is in bullish mode for the last five sessions and ran more than 300 points. If reverses from cmp or after reaching 3500, may go in a downtrend. The downward targets maybe 3230/2950/2800. All levels and points are marked on the charts. If sustains above 3500, the setup fails. Only for learning and sharing purposes, not any kind of trading advice in any...
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Attached: Nifty 50 Daily Chart as of 19th April 2023 In the above Nifty 50 Visualizer Chart, I want you to pay attention to 3 things: 1) Trend Lines 2) Fibonacci Retracement 3) RSI This is quite a Self Explanatory Chart but for those who don't get it, here are a few points for explanation: - Notice how Price has reacted around the Trend Lines and the Marked...
May can go downside.. beaautifull beakout.. go short chfjyp
Attached: PIIND Daily Live Market Chart 26th April 2023 SELF EXPLANATORY: Lower Highs and Lower Lows Head & Shoulder TOP with Necklines Targets marked as well SELL at Current Market Price Note: Had a Long View of PIIND before but now it is a Flip from Long to Short
Attached: Nifty 50 Hourly Chart as of 25th April 2023 EOD A Leading Diagonal in form of ABCDE in Wave 1/ A and then a Pullback in Wave 2/ B And Now the 3rd Wave/ C Wave has started Targets for this Wave Down are anywhere from: 17600 to 17340 Note: Alternatively the Leading Diagonal could also be Wave 4 and 5th Wave is complete and so Wave 2 can Dip down to...
Attached: Cummins Daily Live Market Chart as of 13th April 2023 Price has put in a Clean Head & Shoulder TOP Pattern and the Breakdown & Retest of this Pattern is also done Currently Price is Moving Down to meet its 2 Targets Downside Targets: T1= Gap Fill Area @ 1475 T2= 1360 As long as Price holds below the 20 Day SMA (1615 presently), this Stock is a SELL......
Attached: Ambuja Cements Hourly Chart as of 21st April 2023 Price is heading Down on its Way to Meet the Harmonic Pattern Targets (SELF EXPLANATORY just see Chart for levels) Some other Points to also note are as follows: - Hourly MACD in Sell and below 0 line - Hourly RSI below 30 and Oversold (as it should be in a Bear Trend) - 20 Hour EMA below 50 Hour EMA...
Attached: SBILIFE Daily Chart as of 21st April 2023 For the Levels, it is already marked in the Chart (SELF EXPLANATORY) Stop Loss > 1136 Downside Target 1= 1074 Downside Target 2= 1054 For the Thesis as to why it is a SHORT: - the 17th April Candle was a Breakout Candle that turned out to be a BULL TRAP Candle, so all the Bulls that entered got Liquidated as...
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
HI guys!!! astral red candle are full and filled with volume to drive it down till the bottom line! SHort traders keep a keen eye on this
Attached: HCLTECH Daily Price Chart Live Market as of 20th April 2023 Pay attention to the following: 1) Formation of a Double Top/ Distribution Pattern 2) A Leading Diagonal Structure marked as ABCDE , so a 3rd Wave Down can play out 3) The Elliot Wave marking signaling end of (B) Wave and (C) Wave Down pending IT Sector is the Weakest already and there are...
Attached: Ambuja Cements/ Nifty 50 Daily Chart as of 19th April 2023 A Classic Triangle Setup is visible in the above Ratio Chart The Breakdown of this Triangle would result in the Ratio Selling Off (AMBUJACEM accelerating its Underperformance vs. Index Nifty 50) Hence this makes the Stock a Sell Candidate based on Weakness Well if you also look at the Price...
Attached: Titan/ Nifty 50 Daily Chart Live Market Hours as of 18th April 2023 The Ratio Chart signals that TITAN has completed Wave A/ 1 and done a retracement in Wave 2/ B and now the 3rd Wave/ C Wave Down is to Start This implies that on a Relative Basis, TITAN is likely to MASSIVELY Underperform Nifty 50 Index Today Titan is also One of the Top Losers from...