Marked in sky blue color a trend line. It has now stabilized because to be a stable trend line there should be atleast three points touching it but not cutting a candle. You may now invest more confidently. Please refer to my previous discussions on BTC. Link provided. Thank you Let you grow. May! I follow you.
Banknifty was also continuing from the momentum it got from the last hours of 6th Sep. We had an intraday rally of 563pts ~ 1.26% to hit a new swing high of 45383. Again the bulk of the contribution came from HDFCBK. The candles at 14.30 & 14.35 took out some steam or else the 45400 levels may have been breached today. Those 2 candles are the reason why I am a...
Nifty Analysis Recap from yesterday “On the 1hr TF the W pattern worked out quite good. The next 2 resistance points will be 19786 and 19852 if we are continuing the breakout rally. If we were to fall the first support will be the resistance we just broke i.e. 19678 followed by 19581. For tomorrow I wish to continue my bullish stance unless the first support of...
Lovely pattern on weekly char which habd changed the momentum and this stock is looks good for short term investment for. Stop loss and target are highligted in chart . Will review it after 8 weeks.
Reason for this trade 1: Market is taking pullback from trendline 2: market is near high supply area
Stock formed very good bais with good volumes and gave breakout of trendline with good volume it's bit risky but it also look very promising . It's for education only.
Buy and Sale idea in nifty so be neutral in the market and wait for your setup.
Buy and Sale idea in banknifty so be neutral in the market and wait for your setup.
ELLIOTT WAVE ANALYSIS:- View-1:- It seems that a zigzag wave has completed. A bounce back looks like connecting correction wave B is forming, a little bounce back may happen to form a connecting waves in a correction form. View-2:- It seems that a zigzag wave has completed. An impulse wave was emerged and an impulse 1st wave was completed and...
Dmart in Accumulation Phase. Read more on: school.stockcharts.com
In continuation to my post as on this Morning............ I am now giving you all the Range that needs to break either on the upside or the downside..... I had said a few days/week ago that it MAY be tough for Nifty to cross above 19900 for now. Stay alert
Chola finannce loves to retest before moving up please check tha chart and take action according your setup
At this point keep an eye on IRCTC. Already the long held trend-line is broken with a clear 5 waves, completing its 1. If we count this single leg, it might just be completing its 2nd soon. Lets see how it trades near 50-61.8% zone marked on chart. If we get a green candle at the zone 600-610 that shuld be the best place to initiate long positionally for target...
As shown in chart bounce from 43600 looks like a Double zigzag correction and wave (c or iii) may decline below 42500 in coming days...SL for this trade will be above 45312(Not exact).
The Retracements help you with everything you really need to understand and follow. The setups are very clear and the Likely Targets are given to you all via retracements both to the upside and the downside.
Now that something has started on BCG..... I am going to the Daily chart to see the current moves on it. If and only IF I consider the entire fall from 37/ odd to 13/ as a SINGLE wave down, then the Retracement MUST go upto 78.6% RISE of this entire fall towards between 28/ to 31/ apprxx. We sustain this upmove above 31/ for a few days and the Bottom should well...
please check the analysis on you tube @8wavestosucess