After a long correction both time wise and price wise -> stock showed first clean 5 wave rise -> what followed was a perfect "abc" correction which touched 66% retracement levels We cannot get a more cleaner structure in EW than this chart has provided for Wave 1 and Wave 2 The reversal came with strong 1 day candle that closed again above the falling channel...
Stock is in ongoing impulse on a major timeframe. In the short term, it is in an ongoing correction. In the very short term, the Stock is in the B wave, a breakdown of the recent swing low with good volumes can ensure start of the C wave. A negative divergence of RSI can be observed in the recent upmove. Due to Ongoing Flat correction(3-3-5), the rule of...
🙂 Support & resistance levels of Nifty 50 for timeframe 1hrs. If market breaks supports level then that support behave like resistance & vice versa. Only for educational purposes
NSE:NIFTY looks to extend the current corrective phase till 18450-18420 or in worst case till 18360 (rare chance but still a probability) level. ● Wave a (sky blue color) with subwaves i-v (purple color) completed on 2023.06.01. ● Currently into wave b (sky blue color) which is an abcde (purple color) contracting triangle pattern. ● Wave c (sky blue color)...
BALUSDT can bounce on Elliot wave C or on 4hr orderblock BINANCE:BALUSDT.P
The price moved in a 5 wave up. This could be a probable Leading Diagonal of the fresh move that started. Risk Reward looks favourable for buying near the zone and we would look to buy the scrip for at C / 3 up. Invalidation point 453. Lets see how this develops. Please note these are personal views and we are sharing as we find it an interesting idea and may...
It is often said - "History does not repeat, it rhymes" Price is making a rising wedge pattern similar to the earlier one (on the left side). It has also reached the previous resistance. Q - > Will the next move be similar ? A - > Not sure right now, but indications of being extra cautious are popping up as the days go by Indications - 1. The steepness of the...
The bull run we are witnessing may be wave 4 of the downward rally in Nifty. In that case, we may expect a collapse from here. Currently nifty is trading close to 18100 which corresponds to 0.618 levels of the downward Elliot wave. This level should be a stiff resistance for nifty. Next week market may open with a gap up and can get sold into. Day closing above...
As per Stan Weinstein methodology, stock is in late stages of accumulation Trading above 30 Week EMA People following that methodology will be keeping a sharp eye on this stock. From EW - Price has reached the resistance level in a clean 5 wave rise, after completing a 78.60% retracement of the whole rise since its listing. Any retracement would offer good...
The price hit both horizontal resistance and falling trendline resistance in a clean 5-wave move. Is it start of (3) rd wave - we will see. In the short term, any dip through the anticipated path could present a good RR entry (near 1140-1160), as it will also complete right shoulder of the Inv H&S. Looks like IPL fever is here to stay for the scrip. Lets see...
Following up on our earlier post for the scrip (link in related ideas and below.... The scrip is moving as per expectations. However, we would like it to reach the upper resistance zone in a clean 5 wave structure. Expected path marked... Lets see how this develops...
As per the wave personality theory, the best news about a stock comes during 5th wave of some degree. The scrip has been in news lately for various good reasons and every analyst / news channel is covering the same. However, technically - We may be in the 5th wave of rise from Nov 2020 lows of 22/- as marked - On weekly scale, the 5th is almost complete unless...
Follow up to earlier post The set-up looks completed on lower TF (lower than Daily). However, better confirmation will be on close below PDC. Lets see how this develops...
The scrip faced resistance at - 50% retracement of the earlier 5 wave down move - near 4th wave of the 5-wave leg - Channel's upper end. Is this stock ready to touch the lower end of the channel - which may coincide with larger 4th wave ?? Let's see how this develops....
The scrip has faced resistance at - 66% retracement level of the earlier 5 wave down leg; and - falling trend line from the highs RBI policy tomorrow, may help it to get back to 169-170 odd levels to complete the structure. We would be keenly watching this scrip for next leg down. Let's see how this develops.
Buy - 2350 around Sl - 1950 Target - 3500/3700 Risky stop loss is big , After confirmation re_post with small sl
Bank of Baroda is a sell on a rise near 165 levels.. more shorts can be added below 157 levels for a target of 120-130 around in next month