GINNIFILA seems in a cup & handle pattern since June 2017.
Higher timeframes MACD looks good.
On daily timeframe we can see breakout of Resistance trendline with Good Volume.
Elliot wave: Looks it has complete wave 1 & 2, and 3rd wave is in progress on weekly & monthly timeframes.
My entry price is around: 33.
Stop Loss: 26.
Conservative Target = 110.
Aggresive...
Yesterday ISM Manufacturing PMI data given a dip near 2473
where it seems that xauusd completed its last leg of 5th wave of Y.
Now breaking out from the channel and 2-4 trendline will give more strength for
upmove..
Important level to watch 2496.. bulls need to sustain
upside immediate resistance 2507-09 and 2532
downside support 2473-2470
Disclaimer : study...
In shorter IREDA showing impulsive movement
Wave 1 retraced to 78.6%
Wave3 attained 161.8%
Wave 4 retraced 38.2% may go to 50% , price movement above around 270 , can show unmoved forming 5th wave.
Elliott wave analysis
Open for any suggestions and reviews.
Considering we have uncertain times and the chart's formation is also not providing clear direction of where the market seems to probably trend, we will go step by step and try to decode what market is forming on 15 Mins TF this week.
As of end of market today, we have the following chart formation available. As per Elliott principle, we have 12345 completed from...
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
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Overview:
The Nifty Index is...
Asian paints Looks like bottoming out.
ADX about to get a positive divergence and already fell from 50 level
RSI above 50
BUY on dips with a SL of 2770, for the target of 3040 and 3230
CHART & ANALYSIS
ADARSH DEY
It 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...
Reliance spot at 2600
Weekly time frame
Horizontal resistance as per previous life high levels, from where counter have changed trend in past,
Bearish wolf wave or wedge can also be considered as per formation.
Need to keep close watch on price action on daily time frame, if counter is not able to breakout and sustain above life high levels, can retrace around...
Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Symmetric Triangle
📌 Symbol/Asset: ASIANPAINT
🔍 Description: Stock is in a pattern formation. Support is around 2850-2900 and we can see huge upside after breakout of the resistance.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
chart is in uptrnd . we can take entry here by taking small 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
In 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
- Horizontal Trend line support at 5200 levels.
- Clear Bullish Wolfe wave setup
- Pharma and Health care sector is picking up momentum, indicating sectoral rotation
Great chart for swing trading .. minimum stoploss
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
