Nifty made all time high near 26277 and from there corrective wave (a) is in progress.. yesterday close at 24819 near golden fib ratio 0.618 Upside resistance 25225.. above this level only bulls will have stregnth. Bulls need to defend POC (power of control) at 24290 & 24090 .. act as support levels MACD still negative indicating sell on rise...
ATUL made high near 8180.. Took the liquidity in 5 impulse wave 1-2-3-4-5 now doing abc correction expecting it to move below 7800 Disclaimer : I am not SEBI registered
GBPUSD rising wedge breakdown in day timeframe MACD negative diversion
ONGC in corrective wave ABC.. of which wave C(5) in progress.. ONGC has cluster of fibonacci ratio support near 281. and below that next support is 270 Till now low made 282.50 Upside immediate resistance is 302-305 Currently trading sideways.. Buying opportunity : conservative view : Breaking of 0-2 trendline Aggressive view : when ONGC makes low near...
Coforge Ltd made cup and handle pattern breakout happening in weekly timeframe. Trading in sharp upward channel Breakout will take stock to 10000+ in long term timeframe MACD is bullish. Disclaimer : I am not SEBI registered. Its my personal view and analysis.
Exideind trendline breakout from falling wedge positive crossover in MACD Above 500 upside potential is 530+ in medium term Disclaimer : I am not SEBI registered.
Tatachem was in double correction for more than 6 months done w-x-y corrective move Now need to break above 1113 level (resistance trendline) for resuming uptrend.. more upside if breaks 1162 MACD +ve crossover Disclaimer : I AM NOT SEBI REGISTERED. Post is only educational purpose of elliott wave analysis.
Nifty impuse wave 5(3) is in progress.. moving in upward channel. currently trading near top of purple channel acting as minor resistance 26000-26100 there is no weakness in index.. every pull back is buying opportunity.. immediate target is 26300 for wave 5(3) whereas downside immediate support near 25900-800 Disclaimer : I am not SEBI registered. post is only...
NTPC moving with imulsive 5 wave up of which wave 3 done near 226 and post that stock went into the consolidation zone for one month for wave 4. now moving up for wave 5. all-time high of stock is near 242
HINDUNILVER in daytimeframe looking positive for 2400
Moving in impulse wave up... of which wave 1 and 2 completed and wave 3 has started.. downside support 6250--6100 upside potentials 6500--6800 (1.618 fib level 6812)
Jindal Saw moving in impulse wave .. 3rd wave in progress for 700++. Disclaimer : study is for educational purpose only. No buy/sell recommendation
Bajaj Finserv made triangle pattern. currently on daily chart it has given a breakout from triangle but also need breakout from triangle on weekly closing basis. Will keep the stock on radar for weekly closing. Weekly breakout from pattern on closing basis will take stock to previous high 1929 to 2100++
TCS made high 4565 in day timeframe and Possible made 5 impulse wave inside the 3rd wave. now expecting consolidation for 4th wave to fill the gap of 4340--4300 in short term Whereas breaking of trendline will give more weakness towards 4000 MACD giving negative diversion. Link given for previous post for detailed analysis where it achieved 3rd wave...
In previous post clearly analysed that banknifty is bullish and no weakness and today Banknifty made high 52954 near expected target of 3rd wave : achieved 1.618% level now profit booking might follow in form of 4th wave. Today FOMC rate cut news due.. so stay little cautious at higher levels. Disclaimer : study is educational purpose. I am not SEBI registered.
GBPUSD in last leg up.. with negative diversion on MACD Upside resistance 1.32300--1.32650 downside support 1.31600 & 1.31200 Breaking of Trendline will bring weakness . Disclaimer : Study is only for educational purpose
USDJPY ending diagonal pattern breakout with positve MACD cross over. Bias looks positive.. now shorters should be very careful. expecting it to bounce atleast 27% to 38% fibonacci levels in short term. Disclaimer : study is educational AND Not a trading advise.
JINDALSTEEL completed abc correction near 894 and breakout from the trendline.. look for upside targets levels 61.8% at 1020 and than 1100 MACD positive crossover. Disclaimer : this is only for learning purpose and no trading recommendations