RELIANCE INDS Weekly Elliot Wave Analysis Reliance Previous High was @ 1617.55 level,last week Price closed around 1561.80 levels. Reliance still seems to be in uptrend direction till 1677.60 to 1700 level. We are still in the 5th Impulse wave in Reliance. Two more companies are said to be eyeing stakes in Reliance Jio Platforms, the $65-billion digital unit...
PIRAMAL ENTERPRISE Daily Elliot Wave Analysis May 8th, 2020 Wave 4 is not overlapped wave 1 In this technical blog, we are going to take a look at the past performance of Daily Elliott Wave Charts of PEL. In which, the correction started from 31st August 2019 (3229.45), The price started falling from its peak. Another leg of strength in wave (5) should take...
CESC Weekly Elliot Wave Analysis In most cases a truncation forms in impulses with huge third waves, so if we come to the conclusion that if there's such a case, we should watch out for a possibility to have a failure in the fifth wave. First & foremost wave 4 has not overlap wave 1, Wave high was @ 642.95 level & wave 4 low was @ 642.60 level. As we have...
USDJPY Weekly Elliot Wave Analysis SHORT VIEW 1st Target 100.600 2nd Target 94.650 FX:USDJPY
SBI BANK 15M TF, Elliot Wave Theory SBI: Rejection in Blue Box Starts Next Leg Lower May 7, 2020 SBI BANK, has been under pressure since 2nd May It is yet to break its previous low but the bounces look corrective which increase the likelihood of a break lower.However, in this blog we would look at the forecast. Short @ 171.65 level with the Target Price of...
CRISIL 2H TF, Elliot Wave Theory SHORT TERM SELLING OPPORTUNITY MAY 7, 2020 In this article, we will look at Crisil Credit Rating Agency to make sense of the recent huge volatility in the stock market caused by Corona virus pandemic which has now spread to over 200 countries in the World. The financial markets made huge declines but as is often the case, some...
Century Text Elliot Wave Analysis 30 Mins TF, Century Text Initiation Range @ 250 to 255 level, with a Potential upside of 400 odd levels NSE:CENTURYTEX
Coal India Elliott Wave View: Short view till 116.45 level May 5th, 2020 In this technical blog, we are going to take a look at the past performance of 4 hour Elliott Wave Charts of Coal India. In which, the correction started from 6th June 2019 (269.70), The price started falling from its peak. Another leg of strength in wave (5) should take place to...
BAJAJFINANCE 4HR TF, We are still in the 5th wave structure, the price can fall down till 1898.50 to 1756.75 odd levels. NSE:BAJFINANCE
BAJAJFINSERV 2HR TF, We are still in the corrective phase, but there's an Buying opportunity is seen @ the CMP, with the invalidation level of 4720. Long View, with the Target Price of 4910.35 to 5087.45 odd levels. NSE:BAJAJFINSV
JPYINR 1D VIEW, FX_IDC:JPYINR LONG VIEW, JPYINR almost retraced till 61.8% Fibo level. We are still in the 5 wave structure, which subdivides 5 waves inside.
HCLTECH 2H TF, Short View Next Target of 521.25,507.65, & 494.05 odd levels Now the stock will start correcting from its peak NSE:HCLTECH
HEROMOTO, 1D SHORT VIEW First & Foremost we have finished the 4rth ongoing wave, with a corrective pattern of ABC. At this moment the scrip has almost retraced 48% from its bottom level of 1475. HeroMoto will fall dramatically, because now we are in the 5th wave structure & price could go beyond its previous level of 1475. So the 1st Target would be 1840 level.
The ongoing correction has finished in ADANIPORT, Shorting opportunity i seen ( REPOST )
NSE:NIFTY NIFTY 50 will not sustain more than 50%, 9970 level which i predicted last month ( REPOST )