The following factors are -ve.
Price is too far from 20 M.A.
Tail found at the area of over-reaction.
Wave(5) is so close.
The price is out of trade channel area.
Professional and smart money investors whatever you called them such as Speculators, Arbitrageurs, Fund managers, insiders, etc. are already entered near the wave (4). Focus on their profit...
Fantastic real-time TRIANGLE pattern on ITC
This is NSE equity stock and all level are for equity.
This is a perfect example of Triangle and already completed 5 waves in it. Ready for a breakout. Suppose to breakout, you will get new direction with a spike.
How to detect the direction side of SPIKE(means big and surge move)! Changing in volume will provide you...
Bata is in a correction phase after a strong move to the downside. It has developed a rising bear flag formation as seen in the chart above. Traders can look for selling opportunities after the trendline of this bear flag has been broken to the downside which is 1305.
Target - 1253
EURUSD trading on final leg of complex corrective pattern on medium term. On short term price reached its monthly support levels and also as per wave count i am expecting EURUSD found minor bottom @ 1.1050 level. From here i am looking corrective upside upto 1.1130 level.We can clearly see wave 2 of this count took more sideways action so wave 4 we...
As per the daily chart, fall is still left but the question is where to sell?
Detected tail in the last secession.
Let's look at a smaller timeframe chart.
Banknifty resistance starting from 27777 to 28073 as per channel.
The last update was for paid customers at 27777 for sale which was below (4).
Nifty is going to...
As per my Theory, 5th wave always give you fired move as seen past. You can also check perfection on BANKNIFTY too.
Tomorrow morning, I will update you what is going next?
If this is an excess of channel, then target is 11650 nearby and Resistance 11666.
--> Let me remind you.
On the date, Jul 12 2019 Channel first drawed by me....
I visualized your clearly yesterday (5)wave as a target from Major Channel if you don't forget it.
Overlapping, and (5th) leg both are a sign of the big move. We can analyze the correct direct due to the live market from a higher timeFrame. I will update here direction and...
Trade strategy for ABB India Ltd can be approached by 3 ways. Below are the ways mentioned,
1. Since 1620 is good resistance, shorts can be initiated at current levels with stops above previous traded high of 1640. Exit points can be either on i)Rising trendline level or ii)Support area between 1547 & 1567 or iii) 1505/10
2. If the stock breaks the above...
The small value area and narrow channel are plotted on the chart.
For the long trader, the value area found the support at 31186 nearby.
NOTE: Trade always requires verification of move by the few of the points due to live market hours. I will best try to update at live mkt hrs.
We observe a trade pattern here where the stock traded in a channel earlier (highlighted by red colour). And now we see the stock consolidating again in a replica of previous channel.
The idea is to look for buying opportunities near channel bottom, thereby reducing our risk and increasing our reward potential.
If we look at the chart on a longer...