IMStockwala

IMStockwala

SRF is moving out of 3 year long consolidation with volume and strong RSI. Bullish Flag structure, signalling continuing bullish rally ahead.

IMStockwala

Waaree Energies is Either in 4th of C wave or 1/A of Reversal Wave. In both cases price is expected to move up. Not a buy/sell recommendation. Just an opinion or personal view based on knowledge of Elliot wave analysis. I do not guarantee and profits/returns.

IMStockwala

NavinFlour made a breakout with Volume. Strong RSI Retraced till 61.8% and reversed. Strong Momentum SL and Target Given Chart.

IMStockwala

Eicher Motor broke out with high Volume and retraced 61.8% fib level. Price is moving up with RSI also Strong, It is good swing with 1:2 Risk Reward where SL is 6-7% and Target is 10-12%

IMStockwala

Nifty as we predicted went to 23350 bounced a little and went even deep. It is wave Z of C and min. 22980 should be seen. I am expecting 22900-830 too. Levels and reasoning behind are fibonacci. Given in chart with explanation

IMStockwala

Nifty is been complex correction and completed wave B/X at 24226 as we expected in last idea. Right it is in wave C/Y or Flat B can also in progress. It leaves to two most possible scenerio: 1: if it crosses yesterday high 726 then we will lightly long towards fib levels as shown in chart for 23775, 861, 944.. trailing basis. 2: bearish side can be risky if...

IMStockwala

Nifty as mentioned in previous idea, is in C wave. Right now looks like have completed the w of C and in retracement. Two of the possible trade can be done as below: 1. Above the marked 23860, we can enter with target 1 of 23970 and target 2 of 24040 and further trailing with SL of 15 min intraday swing low. 2. Below the marked 23540, we can enter for short...

IMStockwala

A well explained chart, with Target SL and Reason behind it. It is in impulsive wave and targets are based on fibonacci levels. Proper Stop loss of 8% for Risk Management. Entry Criteria above today's closing or in Demand Zone. Timeline 1-3 Months

IMStockwala Updated 

IPCA is weak with volume. On critical price junction. We will wait for breakout for intraday shorts. Trade Signal is 1503.4. Stock has taken support at this exact level multiple time. Once break 1500 stock is weak and short trade get confirmation. We can keep target 1585-80 Once stock goes to 1590 we move our SL to 1501. All levels are mentioned in stock.

IMStockwala Updated 

Exide is weak in hourly timeframe As Explained in chart once price get rejected from supply zone or Break swing low. We will look for 440 as target. Explained in chart as well with levels.

IMStockwala Updated 

Trade setup of either of case happens 1. Price closes above 7140 15min then we enter with 7080 SL and target 7200+ with RR of 1:1 2. Price goes to down first and take support or show rejection at lower levels around 7020-40 We enter with wither day low SL or 6980-6940 as per Risk apetite for 7000-7200 RR > 2

IMStockwala Updated 

Nifty has shown a resistance near 50% retracement of all time and swing low 24770. Looks like wave B has completed. we will observe the Price tomorrow near 24500 or below Yesterday low. Shorts can be initiated on weakness with Protective SL of 24772 and Target of 24150-24060- 23970 in 1-2 Days. We can see 24k on this expiry.

IMStockwala Updated 

Bank nifty broke 51750 intraday today. Bearish setup with lower Highs as shown in chart. It will be short setup either below 51750 or near 51850 with SL of 51950 for target of 51500 and below in 1-2 sessions. Disclaimer : This is for entertainment / Educational purpose. Not a buy sell recommendation.

IMStockwala Updated 

Nifty now in wave C as shown in chart. Right now wave 3 of c which should go min 24447 then with some halt final move towards 24551 min as of now. Expecting some pullback and halt near 24500 before giving next move direction. Final destination is 24900-25000 for this move.

IMStockwala Updated 

Marico chances of moving 5% in coming days. Back to back green candle Increasing volume Strong RSI Sustain Above 650 might give 3-5% returns in 2-3 days. Disclaimer: This post is for educational purpose. No trade/ buy/ sell signal is suggested or advised. Do your own analysis before buying or selling any stock/options.

IMStockwala

Nifty 50 as we expected rotated between 24000-24500. Today it went to 24000. Case 1: abc of B in progress and b completed near demand zone. As shown in red. Now reversal of c can come. Reversal candles with RSI signals can confirm. Case 2: abc of B completed already at a and Now C in progress. As shown in blue lines B to C. Below 23900 can confirm further...

IMStockwala Updated 

Two option : Long on yesterday high break or Long on retracement to 13ema. Both Target SL given.

IMStockwala Updated 

Nifty seems to be in corrective wave abc of B. Price action making a complex structure. Price might oscillate between 24500-24000 supply and demand zone as shown in chart. Directional move possible only above or below zones shown. More price action can confirm the move. For intraday setup, shown a 15 min chart image.