This stocks has completed 1 cycle. In this cycle we can see wave 5 was an extended wave, and we know that whenever wave is extended than it corrects sharply and atleast upto start of wave 5. Now stock is in corrective wave of cycle it can go upto 900 to 600 levels also, but it is very difficult to say where it will stop.
It seems to be correcting in a wave iv of 2 lesser degrees . But since the wave iv is very sharp it seems to a just wave A of a very long time consuming triangle in the future . Where will this wave iv end , most probably it should be supported by the base channel . Kindly note this correction should not go beyond 0.618 .
HDFC Bank has completed ABC pattern on upside and now is making corrective ABC of previous ABC. We can see on the chart it has completed a & b of lower degree of ABC and may go down side to make c and complete the ABC pattern of lower degree..... So it can move towards 1365 levels from here if it doesn't breaks 1703 and goes below 1540...
As per Harmonic PRZ pattern, BANKNIFY may go to 42657 if sustain above 42051 in next week
UNIUSD is looking for short, expecting target to reach at 6$
The Stock is moving in WXY or double zig Zag pattern. Yesterday's rally in Titan was seems due to formation of C as it personality is fast and steep. Now stock can show down move from here and go upto 2200 levels..
The present up move was studied & it appears as a five wave up move which will end @ around 1800 followed by the the " b " down move.
BTCUSD is looking for short, expecting TG to reach at 22600$
The stock may have completed it's correction as it is also down 60% from the top. If price drops further below 129.5, it may extend the correction towards 115. As long as the current low remains intact, it is likely that the stock will continue its bullish cycle.
The current structures can be assumed as a triangle with internal ABC waves. As long as the price does violate the rules and remains above the wave C, the bullish price action remains active. This is based on the Elliott Wave Theory.
Since this is a complete waterfall, it is yet hard to say if the stock is correcting or if it's going to remain bearish only. Seeing the fundamentals and the energy around the stock, it is unlikely that it will pickup any time soon. As per technicals, this is a complete bullish cycle completed. This is based on the Elliott wave theory.
This view is expressing to initiate buy only around 17400 as of now keep going short at pullback of 200 to 300 points. Remember levels to go long is 17400 and short on pull backs. If don't understand don't trade. Good Luck.
Wave III is continuing or it is completed in 1950. from 1950 I am expecting a triangle or complex correction as shown below where 1910 & 1922 is demand area. When the price comes in this area, it may bounce towards 1935-1945. If the price trades below 1900 then we may see the following ABC pattern in which C wave is 123.6 to 138.2 of wave A. Bears will get...
trade the money you are willing to lose happy safe trading risk management, great reward gold trade, good trade OANDA:XAUUSD
we can see that NIFTY is at correction. And there is good amount of negative news creating fear right at support zone. I see huge volume coming in at this stage, a best place for institutional players to accumulate. There maybe some price push down to show retailers, that they are in right direction. At present global cues are also going well. Best place for...
Gold may see abcde pattern Low 1900 is support. We may see higher high 1910/1922/1933 for the target of 2000
SGX nifty indicates a positive start. The market nature is moderately bullish. It may start with a gap-up. After that, if the market takes a minor correction, that's a sign of pullback continuation, it will reach 61 to 78%. On the other hand, if the market rejects sharply around 61 to 78 then we expect correction continuation. It should break fib level 38%.