Wolfe Wave
Bearish Wolfe Wave/Good RR ratioWolfe Wave formed at the top area could offer a good short trade with reasonable Risk to Reward ratio. One can short the stock below 1090 and look for a targt of 980.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Titan Wolfe wave studyIn terms of swings,
When point 2 is above 1
3 is below 1, and price reverses from 4,
connecting 1 to 3 and extending - creates possible support line
connecting 1 to 4 and extending - creates possible target line.
Price bounces from support line (point 5) and tries to touch the target line.
We should start plotting only after point 4 is clearly evident.
Wolfe Wave Good RR ratio 4Stock has formed bullish Wolfe wave that offers a good trade with small risk and if works and achieve the target it has potential of 4 times the risk being taken. Details are as under
Entry 53.6
SL 52.2
Target 57.6
RR 4
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Wolfe Wave - TCS Daily ChartHello Traders,
Price has formed a nice bearish wolfe wave on TCS daily chart. We can see a strong price rejection at 5 with some good volume. One can enter short at current level. 1780 would be our first target.
Good Luck!!!
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Bullish Wolfe Wave The stock has developed Bullish Wolfe Wave which could be traded. Although target price of the pattern is 91 but one can easily expect 84 and review the trade at that level. RSI divergence in oversold area and its value confirming the buy decision.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Wolfe Wave Hourly ChartWolfe Wave has been formed nicely so one can buy the stock at current level. Since the market is moving in small range I would keep the target moderate between 520 - 525.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Bullish Wolfe Wave The stock has formed bullish Wolfe Wave therefore one can buy the stock for the pattern target of above 190. Due to higher Oil price crisis the stock may see volatile price movement if any decision is taken by the government.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Wolfe Wave Good RR tradeThe stock has nicely formed Wolfe Wave with in parallel Channel. One can trade the stock for a good Risk to Reward Ratio. One can trade the Future as under or make suitable strategy using options as the stock is active in Options also
Entry 34.30
SL 32.20
Target 39.80
RR 5.50
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
Tata Steel - Weekly/Daily Candle AnalysisMy weekend analysis of Tata Steel. This is NOT a trade recommendation.
On the weekly charts it has gone down 127.2% of the range from about mid January till first week February which is quite typical
Wolfe analysis and probable Fibonacci and Support Resistance levels of Daily candles supports what the weekly chart is showing
I wish to thank user Praveen Bhatiya for alerting me to his Wolfe analysis - do view his chart at the link I have provided below:
Nicely Bullish Wolfe Wave in ProgressionTata Steel has correctly formed Wolfe Wave and it seems to reach the target level of 600 - 610 in coming days. I was quite busy during the day so could not post it timely and early low risk entry is missed but mates can still take advantage of it.
Disclaimer : All ideas and comments are my personnel view. Please take financial consultancy for trading decision.
BULLISH WOLFE WAVE IN IBREALESTBullish wolfe wave pattern is formed in IBREALEST .
As a investment strategy stock can be bought at current level for a target level around 250 in Medium Time frame.
Price action higher high and higher low is also generating positive confirmation for the script.