Ajay7871

Ajay7871 Updated 

NSE:KOTAKBANK can go down in correction move for almost 2% and then can make upmove like rocket wait and watch to break the above trendline.

Ajay7871 Updated 

NSE:KOTAKBANK as shared previously it is near its first target. posting updated chart.

Ajay7871

NSE:GUJGASLTD - stock moving up with high volume which is almost 9.9m highest after one year, as per Elliott wave theory stocks looks in correction in daily/weekly TF, but in hourly TF looks bullish. There are two possibilities in the ongoing impulse wave which is as followed. Pos 1 - can be impulse move Pos 2 - can be X wave in both the Pos approx. 20 % upmove...

Ajay7871 Updated 

DLF short term bull view can go up in wave c of minute wave B, please consider it is still in correction as per bigger timeframe.

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there is little bit adjustment in chart. one can take long position in Bank nifty as per own risk, best way to old in future hedge position by keeping as 40318 as target. good luck, happy trading.

Ajay7871 Updated 

Banknifty view for coming days. as per Saturdays closing of SGX nifty it indicates that market is going to open lower for Monday. if it sustain at that level then there is possibility of bank nifty going upward is high.

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Ramco cement looks like going up for short span. but still in correction

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Eichermot can go long wave 4 seems to be completed, as wave c looks diagonal and breakout has happened, can retest but high possibility of going long.

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Wave 5 seems to be completed can expect wave A downward can give about 6.3% , SL is necessary which can be kept 1.17% above.

Ajay7871 Updated 

As seen in above chart Lauruslab is in complex correction Wave WXY, wave Y is in progress which is subdivided into ABC , in which wave C is in process can go down till 410-390 one can keep it has target. Risk management is Imp, use stoploss, Happy trading.

Ajay7871 Updated 

BEL looks bearish for short time if broken below the line good to sell can go till 94.

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Voltas can give almost 9% upmove good for swing trade

Ajay7871 Updated 

silver can come down in short term, but need to be cautious wait for conformation to make lower - low or to break the lower trend line to break and one can initiate in short trade.

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As seen in above chart NSE:COFORGE Looks in Bearish movement if continued the same move then in Wave5 can go till 2931 fibo ratio 0.5 and next till 0.618. & If it breaks the above invalid level (4036). then it can go up till 4632 in ABC Correction wave.

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As Per Elliott wave theory NSE:BALKRISIND looks bearish for short time, formed channel in wave C expecting minute Wave 5 will reach till fibo ratio 0.786 or 1688, and possibly reverse. if price goes beyond the invalid line or breaks channel upward then markings need to recheck. Risk management is Imp, use stop loss, Happy trading.

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As going through the chart muthoot fin look bullish for short term. but still in correction in larger TF.

Ajay7871 Updated 

NSE:LUPIN has just completed wave 1 which was a leading diagonal, with deep corrective wave 2 almost 0.236 of fibo retracement and also healthy volume built-up which looks good to buy, with Sl of 594 and Target of 733 , 881 .

Ajay7871

Can go bullish if 66 price level not broken. as per understanding about Elliott wave Theory, LTFH is in correction Intermediate wave ABC in larger TF, but bullish in daily TF or Minor wave C . one can go long till fibo ratio 1 /1.272, which can be Tr-1 = 154 , Tr-2 = 201. be cautious, good luck. Happy Trading.