Wave Analysis
Today's Wave Theory ( Modified view ) Today ' s world is changing very fast , using of algorithm or artificial intelligence in every segment of life resulting a fast change in our culture of business
the same is true to financial world
We are looking ahead of 2020 and it will be more advanced then projected or predicated
Here i have made a small efforts in explaining the process involved in stock market for trading & speculation successfully
This is based on R N Elliott theory but have modified views due to number of growth in using of Artificial intelligence in trading system
One can learn these , memorize , and take necessary steps for rightful trading opportunity
Good luck
IRCTC – Stellar Debut -The Next Station Please?Last Price@718.50 - 15th Oct 2019
IRCTC which is a very common name across India because of their strong brand placement offering online bookings for Indian Railways got a stellar opening on the domestic exchanges yesterday.
Similar to an experience of products like Colgate, Amul, etc– I still remember childhood days when we used to ask shopkeepers, not toothpaste- “Colgate Dena please” & “Amul butter hai kya”. You being a tech-savvy & use the internet for everyday use, you are most likely to refer IRCTC for rail ticket bookings.
IRCTC also provides catering services and packaged drinking water in railway stations and trains apart from selling rail tickets online.
Given, a stellar opening for the stock on domestic exchanges, Investors would be interested to know the next stop for IRCTC.
Technical Outlook
Technically, stock post listing made Intraday high of 746 & doing sideways between 700-750 zone. Holding 700 or slightly below on downside, the stock is expected to travel to new highs above 750. We look to book profits in 825-850 zone & above 850, upside extension could be 950-1000 levels.
Don’t ignore the downside of the stock which is 700 – dropping below key level & failing to bounce above the level of 700, can push stock lower to 650 & more on downside.
Have a safe & happy journey!!!
JINDAL STEEL & PWR...Looking Good For Up Side From (CMP-104)Looking Good For Up Side From (CMP-104)
Range 104 to 94
Support 90
Up side 330+++
Strong Res: 12105/11700As long 10695/12105 resists, we can see 10638 again and further 10318-10228, 9883-9669 positionally.
POSITIONAL - MARUTI SUZUKI IND...RANGE-6050 TO 5980
SUPPORT-5900
UP SIDE-8000
TIME-FRM 6 TO 8 MONTHS...
CIPLAIn monthly time frame it has just entered into a Bullish AB=CD prz level. With a Bullish Gartley near 380. As per Ichimoku there is a monthly support near 370 which is sync with time axis. From a medium term prospective a bounce back for 500-550 is probable.
AUDJPY bear setupAUDJPY has been moving sideways after the bear wave downwards. The setup provides a good risk reward for resumption of the bear trend.
