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In the realm of technical analysis, the 75-minute timeframe chart of HDFC Life has unveiled a compelling Elliott Wave setup. A closer inspection of the recent retracement indicates a potential Wave 4 correction in progress. Let's delve into the Fibonacci relationships inherent in this labeling. Wave 2 retracement was contained within the vicinity of 50%, while...

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Introduction: In the dynamic world of stock trading, opportunities often present themselves in unique and exciting ways. One such prospect currently capturing the attention of investors is Credit Access Gramin, a company that has been riding the waves of strong momentum and is now trading near its all-time high. In today's analysis, we'll explore the factors...

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Introduction: The Nifty Pharma index has recently caught the attention of traders and analysts as it presents an exciting Elliott Wave trade setup. In this analysis, we will delve into the Fibonacci relationships that have been observed in the labeling of the index, providing insights into the potential trajectory of the pharma sector. Understanding the Fibonacci...

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Stock is holding up firmly at higher levels. We have 3 inside candles during the last four trading sessions. RSI is facing resistance around 60 and price is facing resistance around 1290. Overall structure is still bullish and once it manages to cross hurdle around 1290 we may see stong follow up on the upside.

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Based on the Wave Principle, the 75-minute structure of Eicher Motors appears to be bullish. The stock's Wave 4 correction, labelled as a-b-c, seems to be complete, indicating the potential for a 5th wave rally. Several observations support the likelihood of a materialized Wave 5: The Wave 2 retracement was confined between the 0.5-0.618 levels, showing a sharp...

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The Index is currently exhibiting a mid-compression squeeze pattern on the daily time frame, which is a technical setup that suggests a potential breakout in either direction. In this case, all the EMAs are positively stacked, indicating a bullish bias, and the momentum is also above zero, which further reinforces the possibility of an upward breakout. However,...

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On a daily Time Frame Turbo Buy is active from 1913 with Stop Loss of 1863.3. Overall banking sector is doing good. So keep eyes on this counter.

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Looks like Wave 4 Triangle here. Wave 4 retracement is confined around 0.382 retracement. 445-447 is the immediate resistance. 430 is the support. Looks good here for 470-480 as Wave 5 Target.

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Weekly EW structure is looking bullish here. Going forward we might expect 285-300 levels. Invalidation is around 195. Keep on watch.

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Reversal candle on a daily chart. Stock seems extended and expecting profit booking to continue here. Invalidation is 1280 and possible TGTS could be 1195-1175

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It seems the stock might have completed its Wave 4 correction and now might be ready for Wave 5. Invalidation level is around 3310 and TGTS 4500+

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This could be one of the possibilities. Invalidation level is 179.45 for the wave count.

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Crossing important pivot here. We have a low compression squeeze which might start firing from here. Keep on radar

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It seems Wave C of a zig zag is unfolding. Wave B retracement was exactly around 0.618 level. If the thesis is correct we may see mentioned levels as Wave C TGTs

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So what I think is that we have completed Wave 4 correction and might be heading 5th wave rally. Before we discuss Wave 5 TGTs let us do some Fibo exercise and figure the Fibo relationship among the labelling. Fibo relations are excellent among the labelling which gives us a hint that Wave 5 may materialize. Minimum expectation is around 375 and if it gets...

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The structure is looking and still it has lot of room. If it manages to get past Wave B high we may see momentum picking up. Invalidation level is 14600. Minimum expectation is around 18200 and we get extension it may even touch 20000 mark.

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As per weekly we are still in Wave 3 and we have completed wave 4 of Wave 3 of weekly. And now we might be going for Wave 5 of Wave 3 of a weekly.

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It seems wave 4 is terminated around 0.382 and the stock is ready for Wave 5. SL is 1306 and we can expect new high.