Hello Traders! 1. The US30 market is on the verge of completing its 2nd wave of Wave C of the complex correction as originally published in a prior idea (link attached). 2. We see an ending diagonal forming in the 1hr tf at the moment. 3. Also, wave 4 often divides an impulse into harmonic ratios. There can be that possibility with the division of 61.8%...
One can consider going long in the range of 17890 and 17923 for an upside tgt of 18020. Sl below 25 points. This is just a view. Regards
As Wave 4 has ended. Wave 5 will start and confirmation will be above 18080. Then we can expect a target of 18044-18600 this expiry.
The correction in HIKAL LTD seems to be done, the wave counting has been mentioned in the chart. Currently the stock is trying to a time wise correction and has consolidated for a time being try to form a rounded bottom structure and taking support on a curve during the correction phase. Interestingly HIKAL LTD has a trading cycle of forming a low in every 88...
PPTUSD is looking for a great buying opportunity after having descending channel & double bottom expecting TG to reach at 1.3$
Seems to be a good entry point. Correction ended with a Bull Market Truncation at 0.786 Fibonacci Retracement level.The RSI shows a good amount of divergence with just about to cross the EMA . ADX indicator even shows the sign of bullishness. The EOD candlestick pattern also signals bullishness .As there are multiple confirmations from many indicators so can...
BANKNIFTY in a range 41700 To 42600 Banknifty bullish till it holds 42300 Short below 42300 sl 42370 Target 42000
5 wave rise - > shallow retracement (38%) -> 2 closes above 20DMA Weekly Positive closing Keeping fingers crossed for the marked zones Happy Trading !
A 5 wave rise -> 50% retracement -> 2 days closing above 20DMA Weekly positive closing confirms B/2 completed near latest swing low. Risk Reward looks favourable for longs. Lets see whether this reaches the yellow zone or not.
It fell more than 70% from its high, and recovered more than 80% from the low, then again it is falling. Case 1 In Jan 2004, the same thing happened. First fell more than 60%, rose 40% and again fell 54%. Then started to rally again. Case 2 In July 2011. First fell 75%, rose 110%, fell 60%. Then a strong rally. Case 3 Current situation. Fell 75%, rose 85%. Now...
While the Fundamental Analysts might find Auto Valuation High. Auto stocks have much higher to go. Nifty auto index in 5th wave of Bull Market. Fresh breakout in smaller degree wave 3. Auto leading the way higher.
As depicted in the chart we have completed up move in 5 wave's followed by 3 wave corrective move.Hence it can be assumed that current rise from 68 is either a zigzag ABC or a start of new impulse,in either case we can expect this up move to continue and can take price between 92-100 levels. Target for zigzag wave c is 92-95. Target for impulse ave 3 is...
There will be a big movement in the market soon.................................................
The IT sector had a wonderful bull run post-Covid giving 250% returns and the sector has been correcting ever since January 2021. As per Elliot wave analysis, the sector probably has started the 5th corrective wave. This wave is likely to end by March-April. A good time to invest in this sector will be before the next quarter's results.
If choch happen in 1 min tf then most probably it will tap OB which was grey box below and if BOS happen then it will tap grey box OB above.
NSE:VEDL is experiencing a classic compression at the supply (VCP). The stock could move 30% or more if it breaks above 322 levels.
On 4hr chart we can see the rise has rised above 80 which is the oversold region. Whereas there is an orderblock or the High Demand area of 21000-21500 which is working as resistance for now. Retracement is required for futher move as it is going in one direction. Retracement is expected till 18000-18500 levels which is supply zone or support for now. If...