Target
VOLTAS weekly technical analysis by Elliott Wave theory &NEO I am trying to analyzing of VOLTAS stock through Elliott wave theory on weekly basis. Since march 2022 marked as low & completed 8 wave (5 Impulse + 3 Corrective). Hence seems this chart Voltas on present consolidation phase it means BIG person on buying on intrinsic value & to be making Ist wave of Impulse. first wave may in triangle pattern or some other wave. Although at present time taking is more as previous wave. means it may coming soon in UPTREND.
Shalby Bullish Inverted Head & Shoulder Breakout on weekly chartShalby NSE:SHALBY has given a Bullish Inverted Head & Shouldwe Brekout. Breakout Level already tested.
So one can look into it to make bullish postion. Entry@128, Target@141 and StopLoss@123. Stop should be followed on weekly closing basis NSE:SHALBY
Rising wedge pattern reversal in Pidilite Industries Pidilite Industries
Key highlights: 💡
✅On 1 week Time Frame Stock Showing Reversal of Rising wedge Pattern .
✅It can give movement upto the Reversal target of above 3000+(Up to resistance level).
✅Can Go Long in this stock by placing a stop loss below 2298-.
BTC Pure Manipulation | Target 25k..#BTC has been rejected three times at the 28.6k level, indicating a strong likelihood of a significant decline. It is advisable to maintain short positions and refrain from making impulsive decisions, as this appears to be a result of market manipulation.
#staystrong #trap #BTC
Godrej Consumer - Weekly Trendline breakout Godrej Consumers has given a long awaited breakout above a 14 month long trendline. It went sideways for around 8 weeks before closing above the trendline on weekly basis.
The BB is challenged and RSI has closed at 60, both are bullish signs. The consumer sector has underperformed in last 3 months and Godrej has been on of the best performers in this sector in that period. Immediate resistance or clutter zone is between 950-975, close above these levels will increase the speed of this stock.
Entry level: 947-930
Target 1 = 1065
Target 2= 1135
Stop Loss = 895 on closing basis (Below the hammer candle in weekly)
Nifty Bank: Rounding TopNormally Rounding Top in the down trend markets are ignored. As ours is the growing Market there is the high chance that it will reach the neckline and the reversal could happen. Though while forming this pattern there is a slump in the volume (Decreasing Volume). I have given a short trade after the break of support and also provided the target price for the trade, but I believe that we can see failure of this pattern and hence also provided the long call after the break of resistance.
KEI Industries LimitedKEI:- If the stock sustains the upside, then we may see an upside movement.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Jindal world 1D TFNSE:JINDWORLD
Jindal world 1D TF - Reversal
Target - 11%
Stop loss - 2.5%
The analysis is done on daily TF hence
price may take few days to few weeks
in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for
educational purpose. Traders must
do their own study & follow risk
management before entering into any
trade.
Checkout my other ideas to understand
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Analysis.
Nifty 50 (Till Monthly Expiry)NSE:NIFTY
Analysis After 12th Dec 2022 Closing.
>After Last day closing my view on nifty is Neutral Basically Until, it close beyond 18500-18350 range in Daily TF .
> If it Close above 18500 then - T1 will be Previous High and T2 will be 78% retracement of All time High Point of Nifty.
>If it Close below 18350 then- I'm expecting that it will retrace downside till 38% of whole impulse move. (because possibly 4th wave for higher cycle).
>Weekly TF - Last week candle was Bearish Piercing , should not be ignore. (Bearish)
Monthly Expiry on 29th December 2022