LBilgir

LBilgir

This is Asia Paint on day chart. Clearly visible falling wedge in its C of ABC correction that started around 3550 levels. I think it should start a reversal in a day or two. Watch this out to add it to your long term portfolio. All the best

LBilgir

I updated about this stock a while ago. The correction took a little longer than I anticipated last time. It has turned out to be a complex form of correction. So far looks like 2 set of ABC and each connected by wave X. We mark it as WXYXZ and now the last set denoted by Z is under formation. As per books the Z can be in form of triangle, or a simple ABC as...

LBilgir

Be careful if u are carrying longs for weekend. The little bounce that I was expecting is done today(almost). The deeper downside is just to begin now. The wave count I have shared is of Finnifty its similar with banknifty but nifty wave count is little too complex for me... I am not able to convincingly count it. But if both banknifty and finnifty is looking...

LBilgir Updated 

Ok so watch it carefully tomorrow because as per my count I am not bearish, atleast for tomorrow. This is wave counting of banknifty on 15 minute time frame. I am not saying to go long, but atleast dont do blind short looking at global scenario. If u can understand the wave count we have done 3 set of ABC connected with wave X. Also u can see the trendline and...

LBilgir

This is not to scare anyone. Also what I am sharing is not tradable... so take it just as a learning and something to keep an eye on. Ok so... this is Finnifty chart on monthly time frame and I have just marked one of the harmonic pattern. This is kind of shark pattern... try to google it and then try to check charts of all components of finnifty. Any bounce...

LBilgir

Hello to all. I am sharing wave count of nifty on smaller time frame this time. Time frame is 15 minutes to check on detailed counting and movement we have in this leg of fall. Someone may feel little weird about my wave counting style but this is how I count it. For me we are done here with this leg or may be just about to. Soon it should start towards north,...

LBilgir Updated 

ok so this count is again single leg counting where I am just counting the recent fall that we have witnessed for last couple of days or so. So far, it looks like one set of ABC is completed today. Also to notice is the formation of Ending Diagonal today. We might see some bounce from here. I have 2 trendlines drawn on the chart. one is joing starting point...

LBilgir Updated 

I dont know why, but something to come up soon.. probably some bad news lined up next week. What it could be, I have no idea. But this is the wave count I have shared with Banknifty chart on weekly time frame. No more ATH now, and it should be heading south soon, and it will be deep. Don't want to scare, but at-least what you can do, don't carry any overnight...

LBilgir

This is single leg counting of nifty 50. Starting from March 2023 lows till last trading day. Some may count it as 1-2-3-4-5 but I am marking it as WXYXZ bcoz what I have read in books., this whole rise doesnt satisfies impulsive wave counts and hence marked as combinations of abc which eventually turned out to be WXYXZ. Which means, if u consider this single...

LBilgir

One complete set of moves is almost done or may be just about to. This is tripple correction combination which is WXYXZ starting from corona lows. The bulls should be careful from here, as it should soon be starting wave counts to the downside. Time to exit or atleast book profit and lets wait for a decent correction. Will update as and when required. Stay...

LBilgir

I have just tried to count waves here in USDINR pair for period of around last one year (almost). Well it doesnt look atall that dollar is weakning in near future. In fact it may remain strong for next couple of year (approx). Huge huge consolidation almost at same place for last 1 year and now its almost completed. Should start heading north very soon and...

LBilgir

Hello to all, The chart is of Nasdaq on weekly time frame. I think, it just have completed wave B and wave C to the downside is already started or may be very soon to start. But overall view is bearish for long term. The probably targets might be 9600 if it does A=C. It may get little more to the down that we can see later as wave get developed at that...

LBilgir

This is nifty midcap index chart on monthly time frame. Tried counting since its inception. Looks like one complete set of WXYXZ (tripple correction) is complete here or is about to complete. Some sort of crash is what I am expecting in near future. Stay alert All the best

LBilgir

Banknifty and nifty charts I have already shared in other posts. This is finnifty chart on weekly time frame with my wave countings. Finnifty completed its double correction at around 20650 mark in july itself. The breakdown should start soon, and it will be bigger bear cycle which will continue for next 1 year (atleast, it may extend ). No overnight longs...

LBilgir

Nifty almost completed double correction at 19991. Very few will agree with the count but this is what I am expecting now. Nifty should start travelling towards south anytime soon. This time it will start a big bear cycle which is likely to continue for next 1 year (atleast). No overnight longs with index is suggested. Will update if this wave counting gets...

LBilgir Updated 

HDFC Bank on just closed on the long held trendline running since year 2020 lows. On last trading day, Friday, it just closed on the trendline mentioned above. If we continue with bullish wave count, as shown on charts, then this is the last chance for HDFC Bank to bounce from here to maintain and continue this bullish count. Below this trendline, the wave...

LBilgir

This stock looking good to start accumulation for your long term portfolio. I have tried to mark elliot waves on weekly time frame. Its an ABC correction where B is irregular and then an Ending Diagonal in its C. Fresh 5 impulsive waves should start from here. Will keep updating as and when required. All the best guys.

LBilgir Updated 

At this point keep an eye on IRCTC. Already the long held trend-line is broken with a clear 5 waves, completing its 1. If we count this single leg, it might just be completing its 2nd soon. Lets see how it trades near 50-61.8% zone marked on chart. If we get a green candle at the zone 600-610 that shuld be the best place to initiate long positionally for target...