As explained in previous chart we were able to pin point Banknifty's down move.
Downward wave four 4 was double zig zag correction which completed near 24404.
We are witnessing now final Wave 5 impulse of leading diagonal and currently in wave iii which should extend 2.618=24785 to 25000.
There will be sideways correction next may be till 23500-23300.
Stock looks bullish with Impulse 1 and 2 completed and started Wave 3 broken high of wave 1
All dip towards 1565-1500 long opportunity Stop Loss 1180 on daily closing basis, target 1990 short term.
Disclaimer: Mid cap share so don't invest too much capital in it. This investment may not be suitable for all investors or analysis can be wrong so ask your...
Stock looks bullish with Impulse 1 and 2 completed and started Wave 3.
Break and close above 82.2 on daily chart confirms up move.
All dip towards 80-75 long opportunity Stop Loss 60/58 on daily closing basis, target 130-135 in short term.
Long term 250-270+ since fresh rally should break previous high and continue up move
Disclaimer: Small cap share so...
Stock post breaking Leading Diagonal started upside with big volume.
Long all dips towards 330-310
Wave 3 has started which should move towards 400-420 (1.68 Fib level) zones.
STOP LOSS 277
In longer horizon Wave 5 (equal to Wave 1) positional target 475. Wave 4 will be complex and long correction towards 365 (0.382 fib level).
Disclaimer: Calculated and...
Meghmani Organics Parallel channel Breakout
Stock out of consolidation and correction.
Green arrow shows three phases of stocks namely UPTREND,DOWNTREND and CONSOLIDATION
Currently in Wave C of correction or Wave 3 of impulse which should end near 78 zones.
Long all dips towards 60, Stop Loss 49 on daily closing basis
Expected positional targets 100, 115, 130+...
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After the rally to 20,000 and a deep correction, completed Wave I and Wave II of Bitcoin and potentially started a new wave of which Wave 1 and Wave 2 is potentially complete, which then makes the next wave which is going to start soon or started just now Wave 3 of Wave III which is considered to be the longest and fastest Wave.. And given the...
Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving...
Today the price action breaks above the previous resistance level of 137.50 and made a close above it. It signals bullishness in price action and now the buyers shall take the prices further up to 145-150 levels. It is a good time to enter with stoploss of 125.
Hi Friends, Let's Welcome September by counting hatched chickens of August ?
(1) Bearish Cypher - 80 points ( trailed stops)
(2) Bullish Cypher - Lost 15 points ( Broke the pattern straightaway)
(3) Bullish Gartley - 240 points ( Trailed stops aggressively & We caught wave-3 perfectly )
So whooping 305 points in few days..Great for Nifty I believe. But before...