Nifty further targetsNifty crossed the minimum target of Zig-zag 61.8%.
Next targets opened now.
23953.40 and 23651.05 are further targets.
Waveanalyses
LINC - BULLISH BREAKOUT - 2X CANDIDATEHi Folks,
There has been high accumulation in consumption sector. Recent surge of volume with decent delivery can be seen in linc in recent days. Overall, longer bullish trend on weekly charts is intect. After a decent time and price correction, upmove looks like prevailing again.
Elliott Wave Analysis - Long Term
1. On longer time frame (Weekly) - Left chart - Larger 4 wave stands completed.
2. Fifth wave has commenced after confirmation of brerakout with surge in volumes.
3. Targets are marked with fib projection and potential it can 2X from here.
Elliott Wave Analysis - Short Term
1. On Daily timeframe(right chart), we can see a start of new impulse.
2. First wave itself is a Leading diagonal and marked in channel which shows bullishness of this stock.
3. A clean abc structure is visible in 2 wave.
4. Breakout of 3 wave is evident, a bullish candle(Marubozu) can be seen with volume support taking out b of earlier abc structure.
Not a trade recommendation, please do your own due diligence.
MIDCAP Select Analysis & Many reasons to short with Small SLWe have explained everything in the chart. Please refer to it.
Let us know your thoughts in the comment section.
Thanks,
Team Wavemoku
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
BankNifty -400 Points Up: Making the Right Shoulder in the IndexDisclaimer:
Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence.
WaveTalks - Market Whispers: Can you hear them?
Today's Focus: Plan B's Mastery & The Emerging Pattern
Good day, traders!
As we discussed in our early 6 AM update - in the last idea of bank nifty ( Bullish Harmonic Pattern) the index followed Plan B to the letter, soaring over 400 points. A round of applause for everyone who joined in on this strategy!
What's Next?
We're now eyeing a fascinating development - the potential formation of a Head & Shoulder pattern . If our analysis holds true, we're on the cusp of forming the Right Shoulder. This becomes more evident if the index retraces back towards the 47,480's, all while maintaining below the 48,350-48,450 resistance zone.
We might just be the architects of this Right Shoulder! Let's stay sharp and watch as the market unfolds this pattern.
Stay tuned for more insights and remember, every move counts!
Seeing impulse on HDFC AMCI’m impulse with this share. For long run we can hold on and slowly accumulate.
It may give a correction at this level or slight up ad then a low and then the impulse rally begins.
At end of the day Im impulse in this scrip unless any bad news arrive in the fundamental.
More Foreign investor and domestic investors are accumulating and less retail investor are in.
I’m not a SEBI advisor. Before taking any trade kindly consult ur financial divisor. I’m just sharing my view.
Your comments are most welcomed!…
buy point with sumitomo.we may accumulate at this point.
with 381 as stop loss we can go to sail with the tide.
Second alternative wave in RBLBANKThis is another type of wave formation.
A regular flat wave had been formed.
There are alternative waves I have posted it before.
We need to wait and watch the wave pattern that is going to form. Only then we can decide the point of our entry.
I have attached the previous chart below. Kindly look into it for clarification
Impulse wave formation RBL bankCurrently it seems to be in 3rd wave. We have to wait and watch the wave formation.
Further details explained in the above chart.
1DTF Triangle pattern with good volumeTriangle pattern with very good volume.
traders keep on your radar to catch the momentum.
