After a long accumulation phase breakout is good risk reward ratio
'Ambujacement' Wave Counts Where, Wave 3 is equal to 1.618 of Wave 1, Wave 5 is equal to Wave 1 and Wave C is 2.618 of Wave A at 444.70. Which suggest a further rally to downside from here with a Sl of 468. Trade at your own risk. Happy trading.
'TECHM' Weekly Wave Counts completed a 5 wave structure from the low of 2009 and now the correction phase is ongoing. It should retrace at least 0.382 of the previous wave which is nearly at 470. Which means more than 50% move could be seen to downside from here. Trade at your own risk. Happy Monday.
TDPOWERSYS shows further strength Retest is done and borrom confirmed Accumulation levels 210 - 232
Marginal Lower Low is done Gap up Impulse in the making Can be a good candidate
MADRASFERT after a Lower Low No Overlap and a COmpression Reached Q1 RRG and ready for a Burst
Retest is done for UTTAMSUGAR Now it started to be within the SC Range 325 is a level to watch and if crosses shall swiftly move up
Two full weeks of compression Burst is activated and shall confirm above 5215 In HTF and LTF Momentum Bias Upside
Confirmation on crossing this range 1319 - 1347 with strength Currently No Overlap on Waves
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On crossing 4855 A new rise towards 5174 starts In Q1 RRG
BEML Starts a Fresh Upside Forms a compression Ready for a burst in coming weeks?
Nifty had a decent recovery between 13.35 to 14.55 where it gained back 89pts ~ 0.46% after it fell 96pts ~ 0.49% from the open. The moves were exactly similar to the financial service index - because it was caused by the FinNifty components. This casts the doubt that it could be an expiry related move rather than a natural pullback. For better clarity we would...
Finnifty has actually moved up 209pts ~ 1.03% between the last expiry and today. What this means is the recent reversal in Nifty is yet to reach the financial service index. Moreover the finance sector esp. Banks were looking strong throughout the last week. FinNifty had a decent expiry today, closing almost flat +0.13%, well it is quite hard to believe when it...
4 Hour candle close above the trendline with small uper wick like less then 20 % of breakout candle
As per my view, it is the current position of the whirlpool is a buy zone. Hold it for long term for the target above 2000.
1 Hour candle close above the trendline with small uper wick like less then 20 % of breakout candle