Analysis A five wave decline from 107.34, the high on Oct 03, 2023 to 100.62, the low on Dec 28, 2023. In Elliott terms, this impulse structure tells us that the movement at the next larger degree of trend is also downwards. Within this impulsive structure, wave (i) is a Leading Diagonal, wave (ii) is a Flat which neatly predicts a Zigzag wave (iv) by...
Analysis The advance from Oct. 03, 2023 low of 1.0448 to 1.1140 subdivides into five waves. This wave pattern is significant because impulse waves identify the direction of the dominant trend. Thus the five wave advance implies further buying to come that would take prices above 1.1140 as wave 3. The subsequent decline in EUR/USD is developing in three...
On the breakout of the pennant pattern in MFSL, Target is projected at 1049.50 and 1062.50 (spot prices). Immediate resistance at 1005.90-1006 for any possible reversal in trend, making it an important level to watch while taking a buying entry.
ON Major Swing Previous Swinglow SL wa taken. Stock has made consecutive Higher high and Higher Lows. Currently in Insidebar / Rangebound and ready to give a Breakout. Maintain SL / RR for a better targets.
Insurance sector in action with leading company giving all time high breakout. LIC of India is giving all time high breakout on daily chart. The volume in last 1-2 months are quite high and stock has till now given a returns of almost 30% in year 2023. This seems just the beginning of rally in this stock. The next possible levels on the chart is 1083 according to...
The stock is giving fresh breakout on daily chart. The last resistance it made was of 592 level on 15 Sept 2023. Now the stock is crossing this levels with good volume accumulations after a consolidation of 4 months. A fresh rally may come after this breakout. Keep this stock in your radar.
Motilal Oswal has given a massive breakout of year 2017 on daily chart. This stock has given almost 80% return in year 2023 and around 30% return in last one month. This breakout is all time high for this stock and entered in blue sky zone where there is no resistance upside. Generally stocks gives huge returns after all time high breakout. The possible targets...
Apollo Tyre giving a fresh breakout on daily chart. The last high of 464 (on closing basis) on the daily chart was made on 19 Dec 2023. Now today that high has been broken with good volume accumulation. The long term chart of this company is very good and medium to long term investing can be done in this stock. Disclaimer: The stock shared is only for...
The stock is giving confirmation of its uptrend by breaking out level of 56. The next resistance om the chart is seen at around 80.
Multi year breakouts are indication of long-term trend change in a stock. It signifies investors perception change about a stock. Generally it has been seen that after multi-year breakout stock rally more than twice or thrice from the current price. The stock chart of Shipping corporation of India has been shared in this illustration. The stock is giving all...
Bank of baroda stock is giving breakout of 2010. The stock has tried to give breakout of the same level in 2014 but got failed and after multiple attempts, the stock was not able give a successful closing above levels of 204-218. Now the stock is giving a multi-year breakout with increasing volumes. Study this chart closely. Disclaimer: The stock shared is only...
Stock is trading near strong BO zone, may go to test it's first hurdle, monthly TF used for this chart, so follow entry and exit levels accordingly.
hey guys nova this side here is the today's trading setup for Nifty50 . The key level i made is the support level market has been taking support for the bounce back for the upside move three times. This will be the fourth time, if supoort take for upside move take a trade with low risk and by any chance it breaks make sure to wait for the pull back else it will be...
Stock is trading near crucial resistance, any BO above this level will lead to next levels as marked. Follow chart for proper support and resistance levels.
Stock is trading near BO zone, volume build up seen, round bottom pattern may attempt, follow chart for proper support and resistance levels.
Stock is trading near BO zone, volume build up seen, fundamentals good, follow chart for proper support and resistance levels.
Stock is trading in demand zone with pole and pennant pattern, BO may be seen once zone will be broken .
Stock has given strong BO on all TF chart with massive volume spike, follow chart for proper support and resistance levels.