Nifty further down move possible.I have already posted about todyas fall beforehand.
Now if today's low is broken the next target for NIFTY will be 23651.
Wave-analysis
Bosch Ltd - Great Long Term PickIt seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't been in this boat, a great opportunity to buy for longs can come at the nice green 1 day demand zone bar shown hereby.
We will have to see the price action and momentum near 26100 to 25800 and then plan to seek a bounce for an upward journey.
Again, I will post those ideas which are great opportunities to educate and practice ourselves on Elliott Wave and Demand-Supply models with Price Action as primary foundation.
policy bazarIn this chart we clearly see that one impulse wave is over ..we can see one big bullish uptrend on upcoming month. It is great stock for swing trading with minimum stoploss ..
Disclaimer:- Invest at your own risk,, i am not register with Sebi.. This chart is according to my technical analysis which i learnt from past years
Expecting Bullish BreakoutHere we can see DXY has completed ABC on a higher degree and is moving inside triangle at the bottom. Though the wave count looks complete we cannot decide yet and in looking for a 3 wave drive upside which is being supported by the triangle forming ABC correction.
Dont be hopeless in Adani WilmarAWL has started with an impulsive wave and going as per our analysis.
It is in 4th wave of intermediate cycle.
We have one choice to enter near 515-520 level.
Please like if you like this analysis and follow.
Please do your own analysis before entering the trade. And try to understand the levels, which are purely based on Fibonacci and Wave analysis.
Regards
Idea before the Channel break out! Update on Black Rose!BSE:BLACKROSE will breakout of this channel around 29th April if I am precise enough!!!
However if not date, the price Reversal Box shown on the Chart shows high probability of Price correction to exhaust and Bulls rush in lifting the Stock up to the Moon.
Confirmation awaited around Rs148-Rs154 levels.
The predictions and observations are educational and personal views. It doesn't indicate trading advice whatsoever
