50% retraced 4th wave - 8957
61.8% retrace 4th wave - 8741
Wave 1 and 2, both connected parallel chance for finding 4rth wave. Intraday support 9100 nearby.
Short Sellers: first target 8965-8935 after breaking down the channel.
Next long position Trade Setup have two option :-
Buy 8957nearby with minor stop-loss and,
Last buy 8741 with stop...
Kinnari + Elliott's wave theory
5 + 3 = Waves
The wave A and B in both sets parallel channel and Wave C will be set of mnext 5th Wave.
Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel.
-> Bottom Out: You have figured out that Wave 4 would normally retrace...
Stock looks good for long with a range of trade 471-493. Obviously rage is too long and far, therefore I suggest trade anywhere is your own stop loss for long.
Easy target 546 and 673 investors target.
Trade SETUP example:
1) Buy 488 and,
2) next trade to buy at 473.
There is lot of twists herein:
By the looking left to right, while breaking out the price Congestion we have seen Invalid breakout in price. That why price suddenly fall.
Bullish forget of 3 candles was completely perfect but, again we have seen valid heavy volume candle ...! Something is cooking in this stock.
Let look more closer to the 4hrs chart....
Tails are important for this stock to trade.
Suppose to trade tomorrow 285 above, then buy and hold (Friday)
Tatasteel TimeCycle and Parallel downward channel.
The price is trading at value low which is better to...
Before the trade, kindly use the rule of margin management for risk.
“There are a number of different types of techniques, and strategies but I used my own and mix research"
I hope you all are enjoying. Everything is plotted on the chart,... LIKE and Comment please.
Low 139 and high (182.75 touched target).
Below chart published-: Mar 26th, 2020
42 (points profit in just a week which 30% return)
I hope you don't forget this one.
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Trade Setup for "Swing Trader" :-
Sell 9692-9780 nearby target as 8874-8838 and 8842 nearby
If you can chance, then
Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby
The U-turn(at 5th wave) clear on Projection in next month. We'll in down-side trend before the starting next month....
Technical analysis of price information suggests that a rounding top may form at the end of an extended upward trend and that this price pattern may indicate a reversal in the long-term price movement.
The main point of recognizing the pattern is to anticipate a significant change in trend from upward trending prices to downward trending prices.
It is not yet conformed that the stock will move up or go down, wait till it give any confirmation.
A head and shoulders pattern is a chart formation with baseline with three peaks, the outside two are close in height and the middle is highest.
In technical analysis, a head and shoulders pattern describes a specific chart formation that predicts a...
For long traders it is advisable that maintain stop-loss 311 nearby and trade. The stock is showing that it will move in a up direction.
----30 min chart----
For short term traders it's a big question is it a break, or price will fall down?
Answer is if price cross 323.5 level it will be conform that the stock is going for...
Lower Bound at 46
Decisive level 45.5
Trade Setup 1.:-
Buy above 45.5 for 1-target 51.45 nearby
suppose to buy in range 46.4 to 46.9
Very low risk
Trade Setup 2.:-
Sell with stoploss of 49.15 above closing bias.
suppose to sell 48 nearby and target 42.5/40.5 and more
Very low risk
Choose on of your best Trade Setup for you from chart identifying.