NSE:HDFCBANK (FOR LEARNING ONLY) Price currently trading in ELLIOT 5TH WAVE Volume expansion when price moves up suggests the strong bullish move Relative Strength is on rise PRICE MIGHT MOVE TILL 1200 IN 3 or 4 SESSIONS TG1 1120 TG2 1200
FX:EURUSD (FOR LEARNING PURPOSE ONLY) Clearly we can see expanding volume whenever the price moves up & declining volume on down move But in most recent up move (inside channel),price increasing on declining volume Considering the volume pattern,the resistance zone becomes crucial . If price holds on to the resistance and moves down,if volume...
NSE:RBLBANK (For Learning Purpose Only) TIME FRAME - DAY Price in Phase 1 ( Accumulation) Test of supply completed Price above DC TIME FRAME - 15 MIN In correction phase Volume supporting price action Price either open gap down @ 161 or price go down till 161 before moving up to 171
NSE:HDFCBANK (FOR LEARNING PURPOSE ONLY) Price crossed previous HL to form a correction wave Price Might reach 1015 (next support)
NSE:SBIN (FOR LEARNING PURPOSE ONLY) Price below 50mvwap On 9 Jul 2:45pm,a bullish candle closed with significant supply , followed by failed engulfing next day suggests that Price failed to hold on to the breakout (false breakout) & retraced back into the channel If price closes below 193.3 go short (on volume confirmation) with targets 185.60 & 175.60
NSE:RELIANCE (FOR LEARNING PURPOSE ONLY) Expanding volume on price up Price might retrace from 1913 to 1864 before moving upto 1948
NSE:LT (FOR LEARNING PURPOSE ONLY) Price above 100 EMA & 50 MVWAP ADX is rising & above 30 Expanding volume on up movement & Declining volume on down movement ENTRY BUY WHEN PRICE CROSSES & CLOSES ABOVE 990 (WITH EXPANDING VOLUME) TARGET 1150
1.Currently trading slightly above support 28329 & 200 Period EMA in day chart 2.Though overall sentiment is bearish, elliots wave and late recovery towards market close suggests the possibility of pullback 3.On bullish side,Price might go up-to 28581 or 28770 4.On bearish side, if it breaks and crosses below support 28329 & 200 period EMA,then it can go...
1.Overall Market looks bearish as price failed to cross above 200 MA and it broke Channel support before day's close 2.Support is @ 28600 ,if price manages to go past that,then it might reach 28315 3.On bullish side,price might retrace a bit and rally up-to 28900 In the coming days,if bearish sentiment continues,price might reach next major support which is 28000
1.Head & Shoulders formations and Elliot's Wave suggests bullish market (in 15 min chart) and might rally up-to 29860 2.But For that to happen,it must first break the Channel Resistance Line & 200 Period MA 3.On the Downside,It might reach till Channel Support ,which is 28890