Gold upmove will continue until 2605 not break on comex Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Wave Analysis
Gold taking support from 2620-2605 buy on dip upmove will come Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Bitcoin until 98700 not break buy on dip 102k and 104k possible Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Banknifty until 53150 not break buy on dip if break then sellDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Nifty until Thursday low not break 24990 possible this weekDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks Trailing SL (SL 27.2% )retracement Which is SL points then take Entry on Buy or Sell Trade
SL -
D points Which is recent High / Low mentioned in Chart is our SL
TARGET -
Target 1- (T1 : 38.2 %)
Target 2- (T2 : 50 %)
Target 3- (T3 : 61.8%)
Target 4- (T4 : 78.6 %)
Target 5- ( T5 : 88.6%)
Target 6- (T6 : 100 %)
Target 7- (T7 : 127.2 %)
Target 8- (T8 : 141.4 %)
Target 9- (T9 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
GBP JPY OrderFlow GBPJPY OrderFlow Analysis -
Intraday bias in GBP/JPY remains neutral first. While recovery from 188.07 might extend, further decline is expected as long as 55 D EMA (now at 194.07) holds. On the downside, below 190.33 minor support will turn bias to the downside for 188.07, and then 183.70 support.
Thank you
Nifty view post prices reversing higher Hey Everyone,
Update 9/12/2024
Markets witnessed nice short covering last 2 weeks. Many people think the correction is over and bull rally resumed. whats actually happening? Sharing my idea.
The actual head and shoulder correction is about to come and the correction is not over yet.
what we have actually seen is wave A of the correction and currently the up move is wave B correction of the corrective wave (ABC) which forms the end of right shoulder. Wave C downside is still pending.
The sequence of events
End of rally happens when valuations are too high and a correction is needed. (26300 levels)
1) Starts to dump which we witnessed in wave A correction of FII selling. ( increased volume in
cash market and rise in implied volatility in options market)
2) Then comes the wave B opposite to wave A where everyone thinks the correction is over
and rally upside is resumed.
This is the stage where market fundamentals are bad but they
are not negative . ( like our GDP 5.4% data which is the 21 month low and also GDP for 3
consecutive Quarters trending lower). The end of wave B is the end of right shoulder. (wave
pattern ABC)
3) Now comes the wave C , prices move faster and moves in waves of 5 to complete the head
and shoulders target. Generally, wave C is at least as large as wave A or 1.618% of wave A. As
we have a head and shoulders target, its coinciding exactly with 123% - 131% of Fibonacci
extension ( profit booking area) and it will also form a new low and test the lows of elections
day ( we have a big wick that is not tested yet.)
This is when everyone starts believing that we entered bear market but that's the place where actual correction is over and bull rally resumes or complex correction starts. ( may be triangles or flats with X waves in middle, we can establish that later).
But as of now i still think the correction is not over and we may see one very good fall.
Disclaimer -
This is just my idea, please double check and plan accordingly.
Happy Trading!!!!!!!!!!
SULA - Wave 3 about to start ?Looks like wave two has ended at 78.6% fib levels.If my assumptions are correct, we can see a sharp moves from these levels
We can also see a morning star at the above fib levels which is a powerful reversal pattern
For a detailed explanation on Elliot waves basics, please refer to the following link: investopedia.com/terms/e/elliottwavetheory.asp
DISCLAIMER: It is important to note that the information provided in this analysis is intended solely for educational purposes. It is strongly advised to consult with a financial advisor prior to making any investment decisions. I cannot be held responsible for any financial losses that may occur.
BANK NIFTY INTRADAY LEVELS FOR 09/12/2024BUY ABOVE - 53670
SL - 533690
TARGETS - 53890,54150,54400
SELL BELOW - 53390
SL - 53670
TARGETS - 53190,52970,52800
NO TRADE ZONE - 53390 to 53670
Previous Day High - 53890
Previous Day Low - 53190
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
NIFTY INTRADAY LEVELS FOR 09/12/2024BUY ABOVE - 24760
SL - 24650
TARGETS - 24860,24950,25020
SELL BELOW - 24650
SL - 24760
TARGETS - 24570,24500,24420
NO TRADE ZONE - 24650 to 24760
Previous Day High - 24860
Previous Day Low - 24650
Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day.
Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move.
Please NOTE: this levels are for intraday trading only.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍
BTC/USD 4H TF AnalysisPrice breaks and closes above previous Higher High conforming new Higher low. After making new Higher high price retraces back and sweeps the liquidity before moving upward.
As of now, by creating a range price is gathering enough liquidity to move upward and continue it's trend.
NOTE - It's our Analysis and we can be 100% wrong, not a buy/sell recommendation. Just for educational purpose!
trend continuation in EMS LTDWe can see a trend continuation patter here.
Top 10 Peers for EMS are Exicom Tele-Systems Ltd., Gopal Snacks Ltd., Venus Pipes & Tubes Ltd., NDR InvIT Trust, JNK India Ltd., Bharat Highways InvIT, Awfis Space Solutions Ltd, Avalon Technologies Ltd., Zaggle Prepaid Ocean Services Ltd. and Sustainable Energy Infra Trust
TATAchem double correction for more than 6 monthsTatachem was in double correction for more than 6 months
done w-x-y corrective move
Now need to break above 1113 level (resistance trendline)
for resuming uptrend..
more upside if breaks 1162
MACD +ve crossover
Disclaimer : I AM NOT SEBI REGISTERED. Post is only educational purpose of elliott wave analysis.
ready for targets COSMO FIRSTCosmo First Ltd., incorporated in the year 1976, is a Small Cap company (having a market cap of Rs 2,339.24 Crore) operating in Packaging sector.
Cosmo First Ltd. key Products/Revenue Segments include Packaging Film, Traded Goods, Export Incentives, Other Operating Revenue, Scrap, Sale of services for the year ending 31-Mar-2024.
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 778.65 Crore, up 10.26 % from last quarter Total Income of Rs 706.19 Crore and up 15.44 % from last year same quarter Total Income of Rs 674.52 Crore. Company has reported net profit after tax of Rs 45.75 Crore in latest quarter.
As on 30-09-2024, the company has a total of 2.62 Crore shares outstanding.
Cosmo Films Share Price Today is Rs. 891.15 as on 06 Dec, 2024, 03:59 PM IST. On previous day, the Cosmo Films Share Price (NSE) closed at Rs. 861.2, featuring among the most traded securities on the National Stock Exchange.
NIFTY PREDICTIONS.... BEARISH OUTLOOK FOR DECEMBER 2024. I'll try explaining my Nifty chart analysis through Elliot waves.
Nifty, again, is likely correcting in a 5-wave pattern. After reaching an ATH of 24274, Nifty's downside waves/correction started towards the end of September.
Wave (1) moved in a 5-wave pattern and ended around 24700, as marked in the chart.
Wave (2) had a zig-zag pattern and ended around 25200.
Wave (3) also had a 5-wave pattern, falling 1.23 times wave 1 to end around 23300 levels.
Wave (4)- Nifty is currently in this wave, which is probably in a zig-zag pattern. Wave (4), as usual, notoriously has violent moves on either side, giving challenges to traders.
Probable levels of termination of wave (4) are 24800 {0.5 of waves (1-3)}and 25150 {0.618 of waves (1-3).
Wave (5) - Assuming wave (4) termination around 25150, we can expect a big correction in Nifty to 22700 levels. This wave (5) alone can cause approximately 10% fall in Nifty.
Remember,
THE MARKET IS ALWAYS RIGHT.
Trade with appropriate stoploss.