The IIFL Finance has formed Left Shoulder, head and Right Shoulder high. A short opportunity is after formation of wave 2 in gray and if the script gets bearish near 500 then 22-30 points short run is possible in the form of wave 3 (in gray). If neckline is broken then on retest in the form of wave 4 (in gray) then a short call can be taken near neckline for...
HCLTECH seems to be in the wave 5 of impulsive phase of Elliot wave. Wave (i) of wave 5 itself is ~240 points so the wave (iii) itself need to cross current LTH of 1698 so the full length of wave 5 can go up to 1880 that is 200% retracement of previous LTH of HLTECH - 1377. This will be confirmed/supported if Nifty IT index too confirms C&H pattern. * It is not...
LICI Seems to be in the wave (iv) (green color) of wave 3 (gray color) Within this wave (iv) it seems to be running wave ((iii)) which might reach till LTH-117, if so it will complete rounding bottom pattern there around budget date, if it comes down a little around 1100 in the form of wave ((iv)) then if it moves up above 1175 it will complete C&H pattern and...
22 July weekly candle retest the cup and handle break out line and moving towards upside. if bullish continue the stock may move further upside. This analysis is my own idea. I don't recommend taking trade based on this idea. consult your SEBI registered adviser to Know the market risk before trade. in.tradingview.com
This month if IT INDEX closes above 40000 then it can move up to ~51000-52000 i.e. putting most of the healthy IT stocks in to bull run for few months. If you look at the charts it is about to finish the C&H pattern + it is in wave (3) Elliot wave impulsive phase which is supposed to be strong and longest. * It is not a trade advise but technical analysis shared...
It seems INFY has completed Pole and Flag pattern (See arrow in Green and flag in blue), though retracement from LTH has been 53% which is more than book rules of 50% but still it looks like a Pole and Flag pattern and if that is respected then with that the target for NIFTY comes to 2716, I measure the next pole start point when the stocks moves out of flag...
cup and candle pattern formed in weekly chart following 4 years of consolidation 6500 is near resistant trend line 6222 is the near support line
- reached pole & flag resistant line waiting for breakout - reached inverted head & shoulder neckline waiting for breakout - 3 white soldiers candle formed by following last 3 weeks of trading season This analysis is my own idea. I don't recommend taking trade based on this idea. Know the market risk before trade.
- cup &handle breakout done - parallel channel breakout done - pole & flag breakout done - trading above 50 days ema crossover This analysis is my own idea. I don't recommend taking trade based on this idea. Know the market risk before trade.
IDFC First Bank is making P&F pattern and as of now it is making falling wedge pattern within the flag. It seems to be very near to finish the bottom if it protect this area of 70-74 properly. A monthly close above 82 can be a positive sign for P&F pattern breakout. Actual breakout starts above LTH(100). So with a stop loss below 70 it might be a good investment...
This script seems to be in the wave ((iii)) of wave (iii) of wave 3. I have just drawn wave the grandchildren wave for simplicity. This wave can go up to LTH(~834) in the form drawn, which if followed will make rounding bottom pattern and then can lead to C&H pattern. With the help of parent and grandparent waves we can reach to 1284 but that is far from here....
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Tata motors has given breakout above flag and either 1488 or 1576 can be the final target as per pole height (drawn in green). Intermediate targets are mentioned as fib levels. Monthly close above 1066 is important to sustain the breakout. Elliot wave in green projects the possible moves but time might not match exactly when the peaks comes and exact end points...
As shown C&H pattern is completed and with tomorrow's monthly closing above 348-350 it can target to reach towards 418 in few months. With depth of 70 points of the cup the target is 418. Monthly close above 348 is important to take the trade. * It is not a trade advise but technical analysis shared based on my understanding of patterns and personal experiences,...
**Description:** Dive into the world of Forex trading with our in-depth analysis and strategy guide for trading the AUD/USD pair on TradingView. Our approach combines fundamental insights and key economic indicators to provide a robust framework for making informed trading decision Fundamentals Overview: 1. **Economic Indicators**: Track crucial economic data...
I expect more cars on the road. NOTE: Not a BUY or SELL SIGNAL. All updates are only for the educational and knowledge purpose.
Hello my dear Followers as i see that in 15m chart i got here a sell call that target is 65700/65400, my last given buy call was something changed because market got changes to sweeping all liquidity from to it's bottom at 65300 below, than price will make another wave of correction of ABC, after that i will give you buy call, i have given last Buy call at 65800...
**Description:** Dive into the strategic fundamentals behind a buy trade in the EUR/CHF currency pair. This trade idea leverages the economic strengths and monetary policies of the Eurozone and Switzerland, providing insights into the potential bullish momentum for EUR/CHF. **Fundamental Analysis:** The Eurozone's economic outlook has been showing signs of...