LBilgir

LBilgir Updated 

Whatever is the story of recession in the markets but no doubt this Voltas is looking good for a value buying from here. Check the chart its almost about to finish its 2nd wave and most likely will or should start its 3rd wave up very soon. Best place to go for it is around 660-665 which is 61.8% retracement of the whole leg from year 2020 corona lows till its...

LBilgir

Finally the Triangle in B, seems got completed. Should head towards south to complete its C in 5 waves. not looking good for now.. but eventually when this correction gets over may be in couple of months or so...we can start accumulating this stock.

LBilgir

Sharing chart is on small time frame. Wave counting been done on 30 minutes time frame and with that, 1 leg with 5 waves pending, and infact started today itself. Just check the counting and you will understand that we have to count 5 waves from yesterday lows which probably should end around 20100 mark to end this complete 5 wave impulsive structure. Will...

LBilgir

A 5 wave developing again to hit ATH again.... Today low can be kept as SL. hope to see Nifty above 20,000 soon.

LBilgir

Check the new channel marked on the chart. Very important to watch out this Channel bottom line...which is basically trend-line from 2 to 4. Until this is not broken still buy on dip is what we can plan. If thats broken we can see some dip for the coming days but that wont be deep..!! That will find the support at the white trend-line drawn on the chart. Watch...

LBilgir

chart is self explainatory. The upmove could be in B before it starts going south in its C to complete its correction. Trading just at or around 61.8% of the last fall. Already red candle into formation with only one day left to close the week. Check the chart.

LBilgir

Hello everyone I am sharing nifty on 2 hour chart. Here you can see a XABCD pattern, drawn in Red. Target is point D which comes around 18930, a major 1.618 resistance in terms of harmonics. But this is still untouched. For a while just keep it plotted. Now just check the previous swing broken out (shown on chart} and probably the retest is also done in last...

LBilgir

Hello everyone, Greetings of the day.. Sharing Banknifty chart on day time frame. There you can see 2 harmonics pattern. XABCD giving a target of 42220-230 and ABCD giving target of around 42500. Important learning points: In a XABCD pattern point D with 1.13 level is a strong PRZ (price reversal zone). In a ABCD pattern if B has retraced to around...

LBilgir

Resubmitting chart with corrected XABCD pattern. Now the point D marked should actually be acting as support. My mistake in last chart was I wrote correct logics in description, but drawn wrong XABCD pattern on chart. I repeat there is no sign of weakness in SBI. I accept my mistake and I apologies for my mistake

LBilgir Updated 

Hello everyone, I am sharing SBIN chart on day time frame. I am using harmonics pattern XABCD and connecting all recent swings, as marked on chart. It is perfectly at Point D (596.85-596.95), with fib ratio 1.13. Just for knowledge...in a XABCD pattern, D point is considered as Price Reversal Zone (PRZ). And some fibo ratios is very very strong, in case of...

LBilgir

Hello everyone, I have already shared Reliance analysis some couple of weeks ago. Our view was bullish for a target of 2600 which was achieved easily. You can re check that analysis for learning purpose. Reliance is still at our target of 2600, which is actually a PRZ (price reversal zone) as per harmonics pattern XABCD. Another interesting thing is the...

LBilgir Updated 

Hello everyone, Happy Diwali to all... I am sharing Reliance chart on Day time frame. As long as Reliance is trading above 2430-2450, We can expect another upside for a target of 2590-2600. Logic is Reliance break an important swing market as B on charts..if it comes and retest this 2430-2450 zone and form any bullish candle we can go long for a target point D...

LBilgir

Nothing much to share here. Simple sharing nifty on day time frame with two possibilities. Both is on the chart, I am using XABCD pattern. Just keep watching and play carefully....if you are actually trading because nifty is in some kind of confusion. Have a look on the chart,, I think this is why nifty is not giving any directional move as of now. Buy soon...

LBilgir

good morning everyone, I am sharing Nifty chart on 30 min time frame. To be honest I am confused with nifty moves, no clear picture and its been really volatile specially for last couple of weeks or so. basically we have a trendline running , marked in blue line, which is holding nifty or you can say is acting as resistance so far. Signs from global market is...

LBilgir Updated 

I am sharing wipro chart. We have seen wipro results for the quarter and it say its not up to the mark. But chart is saying a different story. Have a look at the chart I have shared with you. Despite of so much ups and downs in Nifty and the whole global markets... Wipro is not ready to give up. Looks like some kind of accumulation is going on. And RSI is...

LBilgir Updated 

First of all let me cleat that the view is completely for educational purpose. My view can always go wrong. Just take my ideas as a learning, don't trade...better just observe. I am sharing Nifty chart on 2 Day time frame. My view is that we still have some downside pending as per what I can see on the charts. Charts been shared with you..as always I am using...

LBilgir Updated 

Hello everyone, I am sharing the chart of INFY on 1 week time frame. The chart is simple to understand and so much to learn for a new trader. Price halt and top. Break down and then retest of the point from where it broke down. Now I am just trying to explain simple ABCD Pattern. As per ABCD pattern AB = CD. But very very important part is B should be...

LBilgir Updated 

Hello Everyone, I am sharing Nifty chart on 1 Day time frame. First of all the trendline is broken which definitely means the uptrend is on a pause at-least for a while. Second thing to observe is nifty broke out a very important level of 16790-16800 which is actually never retested. Might be we can see nifty coming down to just retest the 16800 level before...