Nifty Spotit was an Amazing rally on the NS to Close ABOVE THE CHANNEL. For Now you keep your SL at the Channel Support for any long Trades. I too was very surprised the way NS danced today, although I caught all the retracements on the 1 tf, based on which i have given you all the Upper targets for tomorrow. Forget BUT DO TRY to Read into the VARIOUS RETRACEMENTS I HAVE placed on my NS hourly chart. The various retracements I have given will give you a highly DEEP INSIGHT into what NS is doing.
Wishing you all a wonderful New Year. God Bless Always
Wave Analysis
CYIENT - Wait and watch game now
Please refer to my previous analysis on CYIENT for a detailed understanding/review.
For now, Price is trading below 200 DEMA . A bounce/rebound attempt after the GAP filling has fizzled out and the price is trading lower.
I wouldn't consider any longs until and unless we successfully trade above the 200 DEMA.
As mentioned in my previous post, the rise was only 3 wave move, hence, one more low towards 1650-1600 was expected earlier on; and the current price move seem to be confirming the same.
Here are the daily and weekly charts with wave counts
Price is trading below the cloud on Daily and Weekly TF
Action plan:
The shorting Opportunity was very good at 2100 levels.. great risk reward .. On shorter TF, price seems to have done 5 wave impulse down. and is at 0.886% retracement level..
A bounce can't be ruled out.. Fresh shorts at this point looks risky.
From trading perspective, 1920-1950 is a good level to consider shorting with good RR
From investment perspective, 1600-1800 looks a good accumulation zone.
I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective (FOR or AGAINST your views). Please don't trade FNO based on my views.
ready for targets SAMHI HOTELSSamhi Hotels Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 4,418.44 Crore) operating in Tourism & Hospitality sector.
Samhi Hotels Ltd. key Products/Revenue Segments include Service (Hotel), Income (Room Rent) and Beverages & Food for the year ending 31-Mar-2024.
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 270.55 Crore, up 5.35 % from last quarter Total Income of Rs 256.81 Crore and up 21.19 % from last year same quarter Total Income of Rs 223.23 Crore. Company has reported net profit after tax of Rs 12.62 Crore in latest quarter.
BATAINDIA LONGThe Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure.
The Elliott Wave analysis indicates that the stock has completed waves (i) and (ii), which are shown as blue numbers on the daily chart. Wave (iii) appears to be underway at this time.
Wave (iii), also known as the impulse wave, unfolded into five waves, which are illustrated in red.
Wave levels are depicted on the chart.
An inverted Head and Shoulder Pattern is formed on the chart and the target is shown on the chart. (The Inverted Head and Shoulder Pattern is a bullish reversal pattern).
Level of Invalidation
The invalidation level of 1269 has been identified as the start point of wave (i). If the price falls below this level, it means that the projected Elliott Wave pattern is not as it appears.
I'm not a registered Sebi analyst. My research is done solely for academic purposes.
Please consult your financial advisor before trading or investing. I bear no responsibility for your profits or losses.
Regards,
Dr Vineet
Potential Swing Long: Berger Paints
Berger is on an important support zone, this zone is respected from Apr 2020, its also near its golden ratio zone of 0.618 levels.
Currently its continuing the downtrend once the downtrend is broken and price gives a positive close, we can initiate a long above i.e 465 level.
There is a unmitigated Order Block below so if the range is broken and price descends down we can take a new entry from the liquidity level once we get a positive closing.
Early Entry can be initiated with a strict SL, if a traps occurs below accumulation phase we can increase quantity near unmitigated Order Block.
Note: This is just for analysis purpose, please do your own research before punching any orders.
🔍 For more technical analysis and trade setups, make sure to follow me on TradingView
Natural gas sell recommended below 331 , next Target 292,272Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Happy New Year 2025! The Biggest Present for you!The Biggest Present for you!
In the new year 2025, I wish you to understand the movement of the market and have good profits this year.
Below is the simplest and most basic model of the movement of the market. Understanding the law of this market movement, you will not be able to spend all your money.
With the above simple model, to understand thoroughly, I recommend you to focus on: 1. Down Theory, 2. Elliott Wave Principle, 3. Fibonacci, 4. Price Action
Nifty SpotI have given you all the Retracement of the LATEST wave as well for your reference. In as much as NS has closed above the 78.6% mark..... a drop below this and staying below it will confirm the HIGHS of this Latest wave for now. The Next wave will bring with it another retracement and another story. It is NOT Done Yet
Nifty SpotThe Market has SAID what IT WANTS TO DO TODAY. I was HOPING it would make a Bottom and ENTER BACK AND STAY WITHIN THE CHANNEL..... BUT NO... it has decided to do its own thing. Why did NS make a high of 23689???? Look at the RETRACEMENT TABLE and you will know why. Why did it break below the 1.618% retracement to make a Bottom ????? It is telling you that I am willing TO GO LOWER than you think. The LAST Dependable support is around 23316-260. Below this any ones Guess. I do not believe in any other SYSTEM EXCEPT RETRACEMENTS.I don't even have any Tools which I work with except make my own retracements. It has been the ONLY DEPENDABLE system for Me. learn it and your life will change
LAURUS LAB By KRS ChartsDate: 21st Aug 2024
Time: 9:32 AM
Why Laurus Lab?
1. Correction Wave was finished with 5th wave low in Mar 2023, after that it gradually moving up and made upside channeling.
2. Currently price is sustaining above 100 EMA and likely to reversed from that too. 🤞
3. why I'm keen to post L Lab is because along with both above points its likely to close and try to be making Morning Star at bottom in 1W TF.
Lauras Lab is at better price at this level with Future Targets of 525 and 605.
SL would be flexible Weekly Closing Below 100EMA
Once Morning Star Closing will confirm at end of this week this trade will Activated 🎇
PRINCEPIPE LONGThe Elliott Wave Theory's description of the structure and pattern of price movements in financial markets is known as the Elliott Wave Structure.
The Elliott Wave analysis indicates that the stock has completed waves (i) and (ii), which are shown as blue numbers on the daily chart. Journey of Wave (iii) is started.
It is anticipated that wave (iii) will have about five subdivisions shown in red color.
wave i (in red color) of wave (iii) will unfold in five sub waves shown in black circle.
Wave levels of wave i in red color is shown on chart.
I am not a registered Sebi analyst. My research is being done only for academic interests.
Please speak with your financial advisor before trading or making any investments. I take no responsibility whatsoever for your gains or losses.
Regards
Dr Vineet
Crude now at resistance area avoid any buy from 6125-6150Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bitcoin sold at 95000 , 85900 1st Target sell on riseDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Natural gas if break yesterday high then go up if break 331 fallDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Copper booked 12 points profit yesterday bought at 797 Sold 809Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver booked 1700 points profit again holding sell from 87580Silver sold at 89130 booked at 87430 . again sold at 87580 ,350 points again profit running
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold yesterday we booked 650 points profit sold at 76720Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold XAUUSD sold at 2626 booked at 2597 again sold at 2605Gold yesterday we booked 29 points profit.
Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2 % )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6%)
Please note:-
It's working on news based and volitile market very well so exit if SL hit