Confirmation to Buy above 126.85 level Invalidation level @ 119 Potential Target's : 144 , 165 Disclaimer: The investments discussed or recommended in the market analysis, research reports, etc. may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and only...
Retail Equity Technical Research Report A Weekly Pick (Medium-term update) RAIL VIKAS NIGAM LIMITED (RVNL) Elliott Wave View: RVNL, Wave (5) of 4 in Play? Dec 24th, 2022, By Dinesh Naidu Medium-term Elliott wave view on Rail Vikas Nigam Ltd (RVNL) suggests that the decline to Rs.84.1 (29th Nov'22) ended wave 5 of 3, downside rally is still in progress with...
Stocks are in a bearish trend since the start of the year, after the Federal Reserve came out with a hawkish policy outlook to fight inflation . And other central banks have followed in the same decision, only adding to the bearish tilt. However, if the recession risk gets worse then this policy may quickly come to an end. And should this occur, stocks may be...
NIFTY 50 BROADER INDEX Elliot Wave Outlook, Daily TF NEXT SUPPORT IS AT 16647 TO 16168.40 odd levels NEXT RESISTANCE IS AT 18478 TO 19023 odd levels NSE:NIFTY
NSE:SRTRANSFIN SHRIRAM TRANSPORT FINANCE (Short-term update) BUY @ CMP Invalidation level - 1002 Target: 1300, 1432 The short-term Elliott wave view in SRTRANSFIN suggests that the stock has given a breakout from a bullish ascending pattern with volumes which indicates the momentum is likely to continue to the upside. While any decline in the price could be a...
Win rate isn’t as important as your risk reward ratio. With a high risk reward ratio, you could have a win rate of 30-40% and still be profitable. That’s why it’s so important to keep your losses small so your wins can exceed them and allow you to remain sustainably profitable.
TRADING MANTRAS 1) I am patient in waiting for the market to come for me. 2) I know that not every day will be a trading day and I'm okay with sitting out until a setup appears. 3) I am gaining self-awareness around my strengths and weakness day to help me improve my trading. 4) I am choosing to become a professional trader by following my plan and managing risk.
Key levels to watch: 2428 -- selling will intensify if HUL drops below it 1790 -- new low will be registered if HUL drops below it
Key levels to watch: 3401 -- selling will intensify if TCS drops below it 2890 -- new low will be registered if TCS drops below it
A major forex pair, USD/JPY, is trading at highs it hasn't revisited since 1998 & 2002. As it rises, the value of the Japanese yen keeps dropping. Already at "historic lows," how much lower could the yen go? The thrust from the wave b triangle is still unfolding.
Fundamental: Company background Company is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under the Pigeon and Gilma brands, and propose to commence manufacturing of kitchen solutions under the BLACK + DECKER brand, covering the entire range of value, semi-premium and premium kitchen solutions, respectively. Their kitchen...
STOVE KARFT : Buying dips after double three Elliott wave correction, Long-term investment pick In this technical blog we’re going to take a quick look at the Elliott Wave charts of STOVE KRAFT published in members area of the website. As our members knew, we’ve been favoring the long side in STOVE KRAFT due to the fact that many Home appliances stocks been...
NSE:PNBGILTS PNB GILTS In the year 1996 Reserve Bank of India introduced the system of Primary Dealers with a view to strengthen the institutional infrastructure of Government Securities market. Six entities were granted licenses of which PNB Gilts was one. The Company was established as a wholly owned subsidiary of Punjab National Bank with an initial paid up...
NSE:NTPC Buy @ 134-138 Incalidation level @ 123.65 Target: 154, 166 Elliott Wave View: NATIONAL THERMAL POWER CORPORATION, Wave 3 in progress? The short-term Elliott wave view in NTPC suggests that the stock has given a breakout from a bullish ascending pattern with volumes which indicates the momentum is likely to continue to the upside. Price has taken a...
OANDA:XAUUSD XAUUSD 15 Mins Bar Chart, Long above 1988 level, Fallling wedge in play
BANKNIFTY Index, 240 Mins Bar Chart (Interpretation 1) Double Zig-Zag corrections often fit into a parallel channel which is drawn between the highs of wave A & B to determine the end of wave C.
Nifty 50 Index, 240 Mins Bar Chart (Interpretation 1) Double Zig-Zag corrections often fit into a parallel channel which is drawn between the highs of wave A & B to determine the end of wave C.
NSE:NIFTY Elliott Wave View:NIFTY 50 INDEX (NIFTY) Looking to Extend Higher, could be an (EXPANDED FLAT)? (Short-term update) Exhibit 1st Interpretaion February 09, 2022 By Diensh Naidu The short-term Elliott wave view in NIFTY 50 INDEX (NIFTY) shows that we are looking for more upside to complete a 5 waves impulse structure, before a 3 swings pullback at...