NSE:IRB is forming Wolfe wave Bullish pattern. With Stop of 95 stock can be accumulated for target range around 145-150 Knowing election result is on the way. Stop Loss is must have.
Silver looks to have formed bullish Wolfe Pattern on daily chart. Breakout has already taken place. Silver should touch $15.65 by ETA of 13th May 2019 (converging point of wedge). Wave 1 took 11 days , wave 2 took 11 days, wave 3 is much shorter and took 4 days (aberration), Wave 4 took 10 days. If we go for symmetry then we won't find as Point 1 to 3 took 22 days...
All details on chart - Corrective wave C in progress now.
Reliance moved further some 15 points than our target and reversal expectation. In a daily chart we can see today a dogi was formed, safe traders will short only below 1220 and aggressive traders can go short near 1243 w/ minimal SL of 1247 for target 1194 and below. Thank you.
Nifty index, has formed a bearish correction wave after the completion of the impulse wave that started at the end of the 2008 Crisis, pushing equities higher and higher. NIFTY looks to make lows at 9800 or even drift lower as time passes. With elections around the corner, it doesn't seem that impossible either. SO, keep your positions light and breezy in the...
HDFC bank may fall further to 2070 levels, It has just finished a second Impulsive (B) wave according to the Fibonacci and Elliot wave analysis, Thus Dragging down bank Nifty too with it.
Infosys looks bearish as it has completed the impulse waves, and looks to start the correction wave. Take confirmation at 613 level. If broken on weekly basis, can be taken as a positional short, or can be removed from portfolio for the next year and a half. . . . . . . . We teach, and practice what we teach, kindly consult your advisor before taking any positions.
Wolf Wave Trading Strategy Rules: The Wolf Waves rules will help you to identify this symmetrical chart pattern. You can apply the same rules for the bullish and bearish wolf waves. Without further ado, these are the wolf wave’s characteristics: Wave 3 and Wave 4 must be contained within the channel created by Wave 1 and Wave 2. Wave 1 and 2 equals Waves 3 and...
I haven't counted waves on nifty bank here because it is as similar as nifty 50 weekly chart. Please refer to the previous nifty 50 chart posted yesterday.
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The Nifty50 is at the long term resistance line which it has failed to broke ever since the great recession. It also looks to be in last leg of it's bullish wave and the bearish impulse could begin anytime.
Hello Traders, Price has formed a nice bearish wolfe wave on TCS daily chart. We can see a strong price rejection at 5 with some good volume. One can enter short at current level. 1780 would be our first target. Good Luck!!! PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any queries, please free to write them in...
As shown in Chart , which contain Five colored Box where each box represente One Implusive or Corrective wave . Box1 , Box3 and Box5 represent Implusive or Motive wave . Box2 and Box4 represent Corrective wave. As shown in Chart Impulsive Box1 was filled , Corrective Box2 was filled, Implusive Box3 was also filled, and Corrective Box4 is not filled fully...
would like to stay long in the counter and expect minimum targets of 285 to 288 in coming week upto monday itself