The current structure suggests that after the completion of larger degree 4th wave correction , Jindal steel is rising in its 5th wave progression of impulsive move 12345. Of which we have seen a lower degree impulse wave consisting of 5-waves & post that we have also seen a three wave correction as ABC with C as an ending diagonal on lower time frame. As per...
Sock has completed its 5 waves up move & is now correcting for three waves down in ABC format, of which A & B has already been completed & now the wave c is unfolding. The complete corrective pattern is unfolding as a ZIGZAG correction.
Trading strategy :
Sell on cmp or any rise , keeping SL of 440 , look for the downside target of 395/375/350/300
NIFTY 50 EOD ANALYSIS 10-11-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17973.45
H 18061.25
L 17915.00
C 18017.20
EOD - -27.05 points / -0.15%
India VIX = 16.34...
This is how I grow my capital base leading to wealth creation
Note: This post is meant specifically for retail traders and or investors like me who may not have or may not have and or deploy a significant part or entire capital to the stock market. So please read the post with this in mind.
I am sharing my way of doing things or what I would do to better manage...
Nothing guaranteed and Nothing over week
Invest or trade according to your loss bearing capacity
STOCK FOR EDUCATIONAL PURPOSE ONLY
Allcargo Logistics Ltd.@ 345 with target of 360.CMP IS 338.25
STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR ONE OR TWO PERCENT BELOW 300.
Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis is for your...
Stock is trading near long term trendline which has been working as a support, price is seeing a bounce from the trendline. Stochastic has also reversed from the 20 level. RSI is also supporting the trendline currently above 50. From here on we can see the price reaching to recent swing high. Setup will be invalidated if price drops below 1025.
Stock has just completed its expanded flat correction & is ready to make new highs. One should buy on cmp and add on dips , keeping a Stop loss of 640, we can look for the target of new highs, i.e. 780-800 zone.
Infosys has completed an expanded flat correction. The current price action suggests that stock is rising up in an impulse manner having the first wave as leading diagonal. One should go long on current levels with the SL of 1655 for the target of 1780/1820
