#IGL multiple trading opportunities sighted ... price expectation 460 rs . will put timely trades for IGL ...
the second wave has completed on 1H candles , and now seems to have started the third wave ...
We try to always trade the third wave , be it in a bullish direction or bearish direction...
stay tuned we will walk with IGL for a long time now ...
after impulsive 5 waves
the ongoing sideways formation is abc formation
the wave a of the same has been completed.
the wave b consisting of elliott triangle is marked by a-b-c-d-e
the current downside is the wave c and this should minimum reach the levels of wave A ,
ideally it is beyond that . ( we will review the TAKE PROFIT levels later .
GO SHORT ON ...
here the first impulse has been sighted ,
then the abc correction in the reverse direction.
the corrective channel has been broken on the upside . the channel breakout has been retested
now the setup is being prepared for the third wave target price beyond 1.09000 levels
Invalidation level is for stoploss ( although traders may hold the trade they will...
a battle between wave theory and the conventional price actions.
two views both opposite to each other .
lets see who wins . . whether prices get LONG , or do they go SHORT ....
i am rooting for a UPSIDE direction ....
After an impulse there was correction (a-b-c)
once again its time to go long
huge return potential
even if the invalidation is breached , patient and capable traders can stick to the LONG trade
after a fresh impulse wave (i) the market
went into the consolidation cum correction via wxy wave structure .
Now fresh impulse is being generated (with a pin bar on 4H CANDLE )
invalidation levels marked for traders , for investors there is no need of stoploss ..
best wishes ..
Keep your position small ... !
here is a long side view for very short term approx 2 days
target 1 and then a bit of reverse side correction and consolidation for wave 4 and then target 2
keep your stoploss tight .
my best wishes
As per the chart it seems to be at the sub-wave e of abcde trainge for wave ( iv) .
wave e should end below the trendline connecting wave a ==> wave c .
invalidation :- if the price breaks the trendline between wave a and wave c then the view becomes invalid
accumulate at the end of wave (v) . near levels 830 840 850 rs
a fught between bulls and bears over the upper trendline of the downfall
my personal view since 4 years is that silver has to reach 1 00 000 rs per kilogram ...
the outcome for this fight might be anything as of now , but it is surely hitting the skies ....
Currently the downtrend is being tested and prices are sustaining around the trendline ...
I guess...
seems a leading diagonal shall be formed here
after the diagonal is formed , it shall retrace a bit ( marked two retracement levels i.e. 61.8 & 78 )
then the upside move towards 1200 ..
so this is a watchout counter for next week that is last week of April 2021
Happy investing
here as we can see after the motive waves 12345 , we are into abc correction
out of abc , wave a has been identified , and now wave a shall be retraced by wave b ,
keeping it very minimal to 50% retracements .. also the price action suggests that 350 levels
are a short term rejection levels as well ..
I am bullish on raymond on a yearly perspective and have...
as per charts
a leading diagonal is formed wave i
and then it got retraced to the 0.78% levels which is marked by end of wave ii
the target is 4000 rs first and then 4500 levels
strong buy recommendation
as per charts
a leading diagonal is formed
then got retraced to 0.78% levels thats end of wave ii
upside marked as end of wave iii.
buy in cash market delivery..
strong buy target 4000 rs then 4500
Cipla is in the completion of the 5th wave ( e wave ) of the greater degree wave C .
wave e always has five waves within .
Stoploss is marked in the chart,
play this by Options or by futures ...
My strong conviction for this trade
Posting here to have a demonstration of how we take trades based on Elliott wave principles.
For paid works your discussions and...
