DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial...
DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial...
DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial...
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before...
Larson & Toubro about to start Downward 5th Impulse wave which will be truncated.
Stock did retraced 0.382 fib from march lows and looks to have completed Tripple Three Wave at 1025.
Case 1: Upside looks limited as have made Three black crows and move towards 980-1000 is ideal short entry with SL 1025 or 1040. Then going towards 890, 860, 840, 692.
Not...
Bank nifty sharply corrected today after extending wave 3 exactly 2.618 Fib level.
Today it corrected to 23385 which is near to 0.5 fib levels 23250. Closed above major support 23605.
Based on this we can conclude that despite big fall it didn't break impulse wave structure and likely to go up.
This analysis will be invalid if touches 23211 then we may be...
Torrent Pharma seems to have completed wave (iv) correction and now might be heading towards wave (v) which is expected to terminate anywhere between 2730 to 2800. Follow up price action from here would be interesting. Minor hurdle is around 2580 which if crossed we may see a strong impulsive move on the upside.
On a daily the counter has managed to conquer its 200 SMA. On a 60 mins chart it seems the counter might have completed wave 4 and go for the 5th on the upside. Add on strength with SL around 755. We can expect 890-930 in a short term.
I think, Am bored today... charts coming up one after other or I'm not sure whether I'm seeing setups easily today. Anyway here is another Gail for you, as usual go with your plan.
Just note how simple elliot counts can help our trade setups, so people worrying that we dont know complex elliot's, there is nothing to worry about that !
BankNifty... After some 10 days we are back to Nifty's favorite brother BankNifty. Many of you might remember how we rode Nifty with Waves, Now same for BankNifty ? Let's see... We already caught the Wave-3 and made money{check prev.post if you have missed that post}, Now lets concentrate on Wave-4. BankNifty getting caught within 100 points range is rare...
It is been observed that the price action is correcting in Wave 4 and once the price action breaks above 78-80 levels then it shall begin with its WAVE 5 to achieve 110-115 target price levels.
Wave 4 is well within 50% Fibs of wave 3 but a gap up open may spoil the plan, but if we get proper open in our zone and valid confirmation, we can enter short positions towards 490's. Tatamotors chart almost looks similar to our Nifty.
Happy Trading !
