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%.
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%.
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%.
Colpal on weekly charts is looking weak and has broken down important demand zone and also long term trendline support. Current weekly looks to be a pullback / retest of the breakdown and positionally it may slip down further. Further details are marked on charts, longs needs to be cautious here.
Wipro 1 Hrs Time Frame Elliott wave Analysis Bullish Cycle Micro Degree in progress in 1 hour time Frame for ((iii)) wave Target Price 440. Sub Micro degree denoted by me in blue in color Minuscule Denoted by red in color...
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Short Video - How Index cracked from 42000 to 39000. Thanks for watching. Regards, Abhishek H. Singh, CMT
Hi Traders Here's my view on HDFCBANK for upcoming days Thanks for checking it out
Hello Traders! 1. We see a completed 3rd wave of impulse that started after Lockdown - March 2020. 2. We see a clear zigzag correction for Wave a, marked with red ABC. 3. We see a 3-wave Wave b . The count of wave C of this wave is being shared here for clarity. 4.The most expected target for BankNifty should be around 30500 . This is because we...