Index has formed a bullish Wolfe wave and it seems to be in action right now. Which offers a good Risk to Reward of above 3.5 at current level.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
NSE:LUPIN - LUPIN has formed good setup Bullish Wolfe Wave and trades can be taken keeping minimum risk.
One can keep SL as 725 for Target range 800 to 820
Technical analysis:
. Waves/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00550 to 0.00425). if so, traders can set orders based on Price Action...
Using Elliott Wave theory, just a small prediction for next month, this is for my self and if this works, its fine and if don't, then i need to learn more from market.
Technical analysis:
. Waves/US Dollar is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.7760 to 0.5160). if so, traders can set orders based on Price Action and...
Though I predicted earlier 31000 as bottom of wave (IV), had I not missed the ending diagonal of lower degree of wave v (marked as a wedge) of wave (IV) in lower TF, I wold have predicted end of wave (IV) correctly. The power of ending diagonal is evident from the 1000 point movement in a span of 2 days and less than an hour.
Wave (V) will be formed in 3...
When I posted a chart on YESBANK on 17-11-19, the price was 68.70.
I said that YESBANK will form triple bottom. Now it has came all the way down to 40 to find the second bottom. CMP - 43.55. The stock price is not yet out of woods. Chances for some 3 rupees up (47) and then 8 to 10 rupees down(36-38). If it goes up from this level or after finding bottom at around...
As I said yesterday, today wave (B) completed. Tomorrow will be a volatile and trending day. Most probably Wave (C) will be completed fully or 70%. When wave (C) completes, wave (5),,C,(B) of higher degrees also will be completed. Once these waves completes, wave(C) of 4 will be commenced. As the ending diagonal has developed as an expanding diagonal the fall will...
Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial...
Housing Development Finance Corp Ltd (HDFC) DAILY WOLFE WAVE CHART
HDFC STRONG SUPPORT AREA IN DAILY CHART 2025-40
IF HOLD WE SEE GOOD UP TRADE
BUY HDFC AT 2040-2025 WITH TIGHT STOPLOSS 1960 FOR TARGET 2200
RISK / REWARD RATIO : 2:0
My teacher once told me, Gap ups or down must be taken seriously. Imagine the nifty as a particle and in the price path it went missing, giving no clue how it reached there or how it was about to reach there. At that particular price levels we don’t know how many buyers-sellers and who all are stuck. May be they will not accept the loss so easily when they were...
SAIL ! No doubt is a worst performing PSU for few trailing years.Its because of the heavy capital involved in the nature of business and of-course the government interference that has done enormous injustice to the stock. Now talking technically with a few months time view, a small bounce is expected with a peak to be created near to 17th OCT 2019 and then again a...
HDFC has been a roller coaster ride for past few months. But surprisingly a wolfe has been formed in the mean time with a target of 2236 and next or 2400 in long term. But in the short time the filling of the small gap in-between 2058 and 2071 would have indicated a healthier growth (Not necessarily because from last 8 trading sessions it has been respecting the...
There are two scenario which we can taken into consideration
Green- this shows that nifty again will touch 11160 and come down,
Yellow: this shows that nifty will not go much higher and then come down.
lets see which one will work
as we can see nifty is going to be up till 38% of 4th wave retracement of larger digree or 50 % retracemnt .. if it cross the 50 % larger digree retracemnt then its confirmed that bull is going to paly in coming months
Previous support existing at 28530
and intraday target 28342 of Chanel.
Finally, intraday support is at 28340 nearby.
We may see a pullback 11 o clock nearby.
Refer to last research of BANKNIFTY.
