Gold next week upside breakout possible 2705-2725 Target 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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Wave Analysis
Buy Set-Up for Hindustan Zinc CMP 518
How to execute the trade :
The final 5th wave may end between 455-417
1. Start a small quantity to buy between 455 to 417
2. once the price starts to trade above the Green Reflex point, wait for an increase
the position at the end of correction with the prior Low as a Stop loss.
3. Hold position till above 800 Rs.
Nifty, Long term elliot wave count. Continuing earlier post on long-term count in Nifty.
Wave 3 in longer timeframe has started.
Also we are seem to be in wave (iii) of this wave 3 of long term.
In coming months we can see corrective (iv) and final impulse (v) to complete wave 3.
I do not use this wave count to take or exit trades in nifty future/options. I use it as guidance on what is the mood in market. So instead of predicting the next wave I keep track of possible current wave count.
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I am not a Registered Financial analyst:
1 Learn the concept, not tip
2 Master 1-2 strategy, stick to it for consistent results
3. For weekly charts, Target/SL takes 1-9mon
5. Strict SL is on weekly closing basis
6. Diversify in at least 20 stocks
Tata Motors - More Curvv always doesn't means better. Tata Motors have been trending up since March 23 & has taken support at 20 Week moving average (Blue Line) as seen in this chart it pulled back in wave 2 towards blue line & started wave 3 up then wave 4 was a triangle ABCDE in which we can see a spike down in wave C due to election results now what looks like a 5 wave down on weekly charts could actually be a ABC pullback on daily charts so weather its 5 wave down or 3 wave down that we will consider as the further price action develops but what will follow is at least 3 wave bounce on the up side holding above 920 which is also 50 week moving average it can bounce towards 1020.
Should u buy this correction?ONGC CMP 295
The stock has corrected 20% from the top. Is this correction an opportunity to buy??
Elliott- I can see 5 waves, hence the C leg of he correction is done. Here the v th wave is a failure.
Fib- The correction has halted at 61.8% of the swing, hence the trend is intact. Above 302 this stock will move up sharply.
Volume- falling volume is confirmation of a correction.
RSI - +ve divergence at support is a reversal signal. The break of the trendline and retest is a confirmation of the change. Taking support above bull zone is strength.
Directional Signal- The 5th wave failure has made a double bottom. Which is a directional buy signal. Directional signal means this signal alone is enough to buy this counter.
Previous highs- previous highs act as strong support. The double bottom is at the previous highs indicating strong support.
Conclusion - We have enough reasons to buy this counter on this welcome correction.
DOWJONES & NASDAQhere we can see overall uptrend is in continuation, both indexes bounced from their support levels, if the fall or pressure was due to global sentiments then we would have seen red closing, overall this is a indication that US markets are strong despite the rumours of inflation, and we are expecting more rate cuts to happen along with election month in November.
SUZLON good to buy or further fall pending?Irregular Flat Correction in SUZLON ENERGY.
The minimum target of wave C is completed,
which gives a risky buying level of around 72.50 to 74.50.
If the level of 72.10 is broken below, wave C will extend
to its next target of 67.45.
This analysis is for educational purpose only.
MCX CRUDEOIL - POSITIONAL LONG TRADESymbol - CRUDEOIL (MCX)
CRUDEOIL is currently trading at 5690
I'm seeing a trading opportunity on buy side.
Buying CRUDEOIL Futures at CMP 5690
I will be adding more if 5550 comes & will hold with SL 5420
Targets I'm expecting are 6320 - 6585
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Natural gas 254 Target hit now if break 243 downtrend will startDisclaimer -
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
HDFC as said yesterday 1625-1620 Target there is no buy signal 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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bitcoin buy on dip sl 59700 Target 63780 , 65700 ,67500Disclaimer -
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Banknifty as said yestd bounce came the. Again fall 50500,49900 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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Nifty as said yestd bounce came then again fall 24800 our TargetDisclaimer -
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
We are holding crude buy trade from 5915 ,6330,6520 targetDisclaimer -
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver bought at 92250 Booked at 94800 we get 2550 points profitDisclaimer -
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Silver XAGUSD bought at 31.72 booked at 32.80 we get 108 pointsDisclaimer -
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold bought at 75950 booked at 76500 we get 550 points profitDisclaimer -
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 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
CAN MARKETS SURPRISE US??? BANK NIFTYIndian markets are at an all-time high. Both Nifty and Bank Nifty are trading near their resistance levels.
Technically, a correction is due. I'm not expecting any big upside move in Indian indices.
I won't be surprised if Bank nifty corrects by 3000 points in the coming days.
This would correspond to the length of wave 3 as well as 0.618 Fibonacci retracement.
Trade with appropriate stop-loss.
PS: MARKET is always RIGHT!
Truth of Market Reading & its Understandings I have highlighted an simple to understand those who practice wave theory
This is common mistake people do when they read or listen some methods form others
The Nature of impulse has to be sub divided in to 5 wave even in case of Ending sequence or
Termination of Market movements
I have made efforts in Explaining by price calculations and i have also forecasted about
next upcoming sequence
This is education content if you like it then click the like and share it with friends
Thanks
Hang Seng Ready for Wave 3Hang Seng tech is finally getting ready for Wave 3. To play safe, we'll consider it as a corrective move, which can also go till 5700: ~50% from here.
If it turns out to be Wave 3, then long way to go.
One step at a time - Let's wait for the trendline (black) to break.
Disclaimer: Have position in ETF - MAHKTECH