Wave Analysis
Nifty Bearish but Banknifty Bullish...Both titans are on the opposite side.....Once they sync a new rally can be expected on either side.
Till then avoid aggressive trading. Stay conservative.
Stay safe and trade safe.
Note: The above is strictly my view and not a trade recommendation. Consult your financial advisor before making any trade.
WaveTalks-HDFC- Old Ways Leading to New Destinations-CCCOld Ways Leading to New Destinations ( New Results) - In this short video, we discussed old methods which could provide new results / new destinations.
These Old ways / methods discussed are
Channel / Trendline
Chart Pattern - Head & Shoulder
Correction
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HDFC Idea's Diary Published at TradingView
in.tradingview.com
WaveTalks-HDFC- The Connecting Moves (Wave Analysis)Short Video Outlook on HDFC
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22nd Jan 2022
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4th July 2021 - HDFC - WaveTalks -Pattern /Patience & Penultimate Correction which was Wave 4 Triangle.
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Expectation
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Wave 5 Expected Post Penultimate Wave - Targets achieved 2650 / above 2777 - 2900+
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Outcome
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Achieved - Wave 5 Topped at 3021 Highs in Nov 2021
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9th Nov 2021 - HDFC -Wave 5 - What it could be unfolding ?
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Expectation
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Some kind of Topping Out Pattern Ending Wave 5 & The Impulsive Sequence Starting from 1473 Lows in March 2020
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Outcome
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Topping Out Pattern in Wave 5 Unfolded as Ending Diagonal & Topped at 3021 Highs in Nov 2021
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What Next ?
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Ongoing Corrections unfolding. 2540 could be a possible short term support as it unfolds
Piercing Candlestick Pattern - Reversal Pattern
Rising Trendline Supports
Few days of possible upside moves can be expected next as India has Budget 2022 & Break below 2541 can make stock slip & retest 2380-2400 support zone. Getting upside bounce from 2541 -partial targets to be booked at 2650 & 2750
Thanks & Have A Lovely Weekend
HINDALCO & TATASTEEL ANALYSISMetal sector is having good momentum and good charm these days, here are some stocks analysed like Hindalco and Tatasteel, both are looking good enough to go long, as per price actions and as well as per elliot waves along with trend indicators.
Indicators of Hindalco
hindalco macd in weekly positive crossover
hindalco macd in daily is positive
rsi in daily uptick and above 70
Indicators of Tatasteel
Tatasteel weekly macd positive
Tatasteel daily macd positive
rsi in daily in tatasteel uptick
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult your Financial advisor before trading or investing
Amar Raja Battery AnalysisLooks like there is a good buying opportunity we can get in Amar Raja Battery in the upcoming days which can be an opportunity for long term investment. Currently Amar Raja Battery is in a range. If we will get the price of 560-570, then it can be a great investment opportunity. Stay tuned for more such simple and crisp analysis
Bitcoin short wave analysis (Hindi)Bitcoin come down wave c
wave c internal wave 1,2,3,4,5
wave 1,2,3,4 complete
wave 4 retracment wave 3 is 62 %
I draw trend line channel this chart wave 2nd to 4 rth andle of trend line 24 degree and i draw 4rth to trend line 24 degree bitcoin compelte near the correction
wave 5 interal wave 1,2,3,4,5
HDFC correcting more than 30% All impulse wave have 5 waves. And for HDFC all 5 waves are completed.
We can expect a correction to 0.382 or 0.5 of the impulse.
Entering around the region of 1450-1900 should be fin for the next big upmove.