Stock is consolidating from a long time 2011 and form a clear descending triangle pattern, As per wave counts and harmonics we can see 400 in this script when share will sustain above 200
Gold’s Fall Take A Halt Close To 2305-The Choppy Trap-A Weekly Bullish Bias Gold Price Tracking US Treasury Bond Yields This week, gold prices have closely tracked the movements in US Treasury bond yields. The previous decline in gold prices has paused in 2285-2305 support zone amid a modest weakness in US Treasury bond yields. 18th June 2024 - Running...
Paras Defence has completed it's regular ABC correction post and 5 wave impulsive raise.Going aheadwe can see another impulse unfolding which can take price to 1042(in case of current structure being a zigzag) or till 1291(in case of wave 3 of an impulse). Invalidation of this view comes at 610 levels,hence a downside stop loss of 22% can yield an upside target...
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The 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),(ii, (iii), and (iv), which are shown as blue numbers on the daily chart. Wave (v) appears to be underway at this time. It is anticipated that...
XAUUSD can be influenced by global news and economic data releases, but its price does not fluctuate as rapidly as that of stocks, cryptocurrencies and other risky assets. In times of economic uncertainty, investors use gold to save their funds. Knowing their funds are safe.
#Bitcoin Update On 20.06.2024 Finally Some Good Jump with Amazing Candle. And Bitcoin Create a N Wave Exactly on The Bottam of Our Yellow Area. Whats Next?? If #Bitcoin Break the Second Resistance too. Then We Start Opening the buy Trades. My sell Trade Yesterday hit Stoploss too. And That Can Be a Postive Signal Too. Now I just Wait the Breakout of Second...
We received many requests to count the Nifty chart with subordinate counts and potential targets. Here is our Elliott Wave count with detailed markings. We are open to discussing this in detail. Feel free to comment! Regards, Team WaveMoku
AmiOrganic on long term breakout with decent volume. Can do wonders in coming time
The 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 (1), (2), (3), and (4), which are shown as blue numbers on the weekly chart. Wave (5) appears to be underway at this time and might reach a minimum...
Hi Folks, Quick heal is undergoing larger 3 wave on weekly time frame. Within internals of ongoing 3 wave, we can see correction in 4 wave with a classical falling wedge pattern. Falling wedge has been broken with good volumes on daily time frame. RSI augments the price action and has broken with HH-HL structure. 2-4 trendline will act as support as well as...
Hi Friends, Following is the EW counts on weekly Tf. Currently, we are unfolding a larger wave 3 which has just started. 1. Larger Wave 1 was an ending diagonal where 4 wave overlapped with 1st wave. 2. Second wave has made a decent retracement. 3. With sectoral tailwinds in consumer durables and stock seems to be picking accumulation at the last leg of...
Hi Friends, Bata has retraced 0.78% of previous impulse. It is setting up nicely with favourable risk reward ratio. There has been nice accumulation in volumes/delivery. Seems to be breaking out of correction. Strong tailwinds in consumer durables might propel it to larger 3 wave. Targets are marked in the chart on the basis of fib projections.
Hi Folks, HDFC life looks very bullish on daily time frame. Currently, Daily RSI has broken out nad weekly RSI about to test falling trendline. If the breakout sustains, Risk reward is highly favourable. Life insurance theme is available at very reasonable price, there is increment in premiums which lead to top line as well as bottom line growth for insurance sector.
Hi Folks, Currently, stock seems to be completing 4 wave of ongoing larger 3 wave. Falling wedge has been broken and RSI breakout is evident too. Targets for 5 wave up are marked on chart. Huge tailwinds in consumer durable can propel this to new highs.
Hi Folks, Dwarkesh has closed above 30 WEMA in current weekly closing. Recent volume surge in sugar sector indicates smart money doing accumulation. Soft commodities are in major bull cycle; sugar, tea, paper all sectors giving bullish breakouts. Analysis 1. Current weekly closing above 30 WEMA with a strong candle. 2. RSI breakout on weekly charts. 3. On...
Hi Folks, Stock has seen a major breakout on weekly charts from falling wedge pattern. RSI has broken out to confirm the upmove. Closing above 30 WEMA also provide more indications at the change of trend for coming months. Elliott Wave Analysis 1. Completed an ongoing impulse with a divergent 3-5 wave. 2. Correction of the impulse seems to be completed...