This one on Monthly time frame I am looking as Completion of impulse Wave 2 , it has retraced more than 88 % but not 100 % of original start of impulse move up now i am looking the close of this monthly candle to take up the trade , if they pull back and close above 80 then i will looking to go long in cash for long term investment and also futures for short term...
Guys One of the simplest system Elliott left is understand the Main Preceding trend , and as per his theory this one suits exactly as ABC Regular Flat Wave A is an Impulse wave (Red Doted Arrow down) and Wave B is complex 5 wave Triangle and Now we can Expect Wave C which will be Impulsive in Nature One can Look for Short selling in Future with daily reversal...
I am looking this as Start of Wave A (Corrective) which will be impulse in nature and likely to move till 9800 , here i have showed an 5 wave impulse move up on Weekly time frame , and after that the correction has started , if you remember i have mentioned the same in Previous chart on Higher time frame using Kagi as price based tool , the 5 wave of impulse is...
Will not be Looking to Post any NSE Scrips in Future , Thank you all Good Luck Regards Money Rain
This scrip has completed its 5 wave move and its on Correction for next 3 wave , which we usually name as ABC , currently its on Wave A which is impulsive and sharp in nature , now on daily basis you find it interesting , but the move will be very sharp and it will reverse fast , its Good to be in the direction of the trend , that means sell on reversal with...
I am looking this could be the last move before making an U turn around in this scrip Lets see how it unfolds
We Might be Looking for Contracting triangle or Barrier Triangle in this Scrip , One can look for entering after this brief correction , as its not Good to enter middle of the trend , and this will lead to higher high after this correction Keep Learning Good Luck
Now Titan Failed to Move up in last 3 week and broke down , this could lead one last push before heading for Major down trend , those who stuck can look to Get out form Position and take a short selling on reversal daily basis
Here is the one example you can look for when peak is cracked and market starts correction , they tend to repeat them self , and its being happening form century , but the retail never understood so far and will never understand in futures , tats the only one reason why professionals make money in the Market Here i am trying to highlight the same , one can...
Wave Counts You can do easy when you use Pitchfork tool , it designed to understand Main direction along the side a deviation of the trend for any stock to occur continues selling is not possible at one point selling will get exhausted and tend to correct , and at any given stock which is moving up it can not move up continues because at one point buyer will...
Usually when Flat corrections form they are time consuming patterns and they tend to give surprise moves , this one was trying to hide in Noise , but you know professionals always are step ahead of everyone , what is interesting is when everyone is thinking its not going to make any move that time exactly they will move by 5 % and everyone starts buying it (...
I am still looking this will continue to have dribbling drop till 50 , now its not good idea for fresh short when scrip is likely to enter dribbling moves where the price moves will be very smaller and smaller on daily basis , but still one can look for opportunity in case they want once it completes this , it will make new move up as start of New Impulse wave 3
This one we are looking another drop near 10 would be a last drop for this decade , Further it might start new Pulse or End up in Disaster One can look for short selling In Futures during weak price action on daily basis
This fall was not possible to forecast , due to lots of international uncertainty in Metals trading , Now in my view it might recover for a few moves before heading for another drop , What we use is pattern which repeats and an theory which was developed by Few World wide Famous Analyst , on real time market action & re-action are differ from the most proven...
One can look the pattern repeats it self and no need to explain much Professionals tend to take note of every detail when they look in the charts and also Fundamental , They tend to have Knowledge of On Going issues and relationship with Scrip based valuation and de-valuation , Most enter to stock market to make money but when they starts seeing the Money is...
i am looking to add short on rise and reverse near the Possible reversal price level , and i will be looking to cover it near 1140 odd
The scrip has completed 3rd Impulsive wave on higher degree and on internal it completed the 5th wave TAMO is liked by Many and its been a Good stock for holding on Positional , in recent days its been in correction due to lots of unwinding the business , it has ended up closing some costly ventures and other legal battle , after making double top in 2016 on...
This one might Go back to retest the top , watch out when it drops to 1057/1050 it might slow down and reverse if fails to stop then Look for continuation till 884,