When I posted a chart on YESBANK on 17-11-19, the price was 68.70. I said that YESBANK will form triple bottom. Now it has came all the way down to 40 to find the second bottom. CMP - 43.55. The stock price is not yet out of woods. Chances for some 3 rupees up (47) and then 8 to 10 rupees down(36-38). If it goes up from this level or after finding bottom at around...
Using Elliott Wave theory, just a small prediction for next month, this is for my self and if this works, its fine and if don't, then i need to learn more from market.
Though I predicted earlier 31000 as bottom of wave (IV), had I not missed the ending diagonal of lower degree of wave v (marked as a wedge) of wave (IV) in lower TF, I wold have predicted end of wave (IV) correctly. The power of ending diagonal is evident from the 1000 point movement in a span of 2 days and less than an hour. Wave (V) will be formed in 3...
As I said yesterday, today wave (B) completed. Tomorrow will be a volatile and trending day. Most probably Wave (C) will be completed fully or 70%. When wave (C) completes, wave (5), ,C,(B) of higher degrees also will be completed. Once these waves completes, wave(C) of 4 will be commenced. As the ending diagonal has developed as an expanding diagonal the fall...
nifty seems to be in the wave second and once it completed the retracement ( 61% or 78%) we can see a strong third wave towards the upside
We are at an important juncture EOW X for expanding flat of W 4 of cycle degree....lets witness some lower levels
Housing Development Finance Corp Ltd (HDFC) DAILY WOLFE WAVE CHART HDFC STRONG SUPPORT AREA IN DAILY CHART 2025-40 IF HOLD WE SEE GOOD UP TRADE BUY HDFC AT 2040-2025 WITH TIGHT STOPLOSS 1960 FOR TARGET 2200 RISK / REWARD RATIO : 2:0
SAIL ! No doubt is a worst performing PSU for few trailing years.Its because of the heavy capital involved in the nature of business and of-course the government interference that has done enormous injustice to the stock. Now talking technically with a few months time view, a small bounce is expected with a peak to be created near to 17th OCT 2019 and then again a...
My teacher once told me, Gap ups or down must be taken seriously. Imagine the nifty as a particle and in the price path it went missing, giving no clue how it reached there or how it was about to reach there. At that particular price levels we don’t know how many buyers-sellers and who all are stuck. May be they will not accept the loss so easily when they were...
HDFC has been a roller coaster ride for past few months. But surprisingly a wolfe has been formed in the mean time with a target of 2236 and next or 2400 in long term. But in the short time the filling of the small gap in-between 2058 and 2071 would have indicated a healthier growth (Not necessarily because from last 8 trading sessions it has been respecting the...
There are two scenario which we can taken into consideration Green- this shows that nifty again will touch 11160 and come down, Yellow: this shows that nifty will not go much higher and then come down. lets see which one will work
as we can see nifty is going to be up till 38% of 4th wave retracement of larger digree or 50 % retracemnt .. if it cross the 50 % larger digree retracemnt then its confirmed that bull is going to paly in coming months
Bullish for R1, R2, R3 as targets mentioned on the chart. SL 2126 Use dips near 2155/65, or as per your strategy for given targets. Regards Sharma Yogesh
Wait for Tail to trade. There're two channels , one is yellow which closed and another channel till final wave remain. A (5) wave projection is plotted on the chart with considering control price and no trade activitie s area. I have also used the timeCycle but did not add it here cause of complexity . Support as Value High at 1254 nearby. ...
I plotted everything in chart,...
Pattern CLOSED ? 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 C hannel first d rawed by me. Exactly...
Banknifty also difficult to understand as wave movements. Price is near the channel support. Smaller positive new can boost banknifty to upward from the value low. While nifty is weak and Banknifty is positive which indicate the direction is not clear and market waiting for news.
ENTRY ARE THERE ..ENTER AND BOOK PROFIT.. NSE:ADANIPORTS