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....
Shalby 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
Please check the chart, 2 possibilities for trades.
As Nifty took the support as per my previous levels, now possible target of 18448 + depends on gap up ..
Previous target of 18368 + gap up of points results in resistence and completion of market structure at 18418 levels. Now we should see a down side move up to 17952 levels.
As per current movement of Nifty , Next target for upside can be near to 18368, can take dip today for the 50% support and can start the upmove or directly to 18368. Downside support at 18014
1) Strong Weekly close - Triangle pattern breakout. 2) Next target would be it's All Time High.
We can go with bulls with 1:2 Risk reward....yes the stoploss is big but untill pr unless stoploss is broken we cannot predict any sell side signal.....
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 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 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...
Nvidia falied to break higher high now it goana fall down as per price action so it is good trade for intrday and swing good selling volumes five top break on 15 min timeframe !!!!!good_luck....!!!!
Normally 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...
OIL INDIA Forming CUP & Handle Pattern Can Go long With Tgt = 300 above 200 EMA
After getting fundamental boost tata motors is ready for huge upmove.Targets for 600 if it breaks 480 levels.It has passed the consolidation zone and has got support both fundamentally and technically.
KEI:- 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. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful...
Tracxn Tech limited is showing ascending triangle pattern and it already have faced resistance 3 time.. now we can expect bullish continuation trend after breakout.. this is my prediction and not buy or call recommendation
NSE: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...