The harmonic levels are derived based on fib levels. price action wise, resistance and support are marked.. price is back inside the range.. 200 period EMA on hourly needs to be taken out decisively for further momentum/upmove. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for...
CMP: 141 Price is at the confluence zone (Previous resistance turning support / Breakout retest) Price is at the buyer zone (from 142 to 198 it had a non-stop rally) Divergence seen on Daily. Double bottom support at AVWAP from 2023 lows Wave 4 got over at 136.. a breach below 136 would alter the view.. So the SL is only 6 points
The script has completed i of 5 and ii of 5. This third wave up (of the 5th) is poised to go past 1100.. SL is hourly close below 942 for now. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor for any investment decisions. Please consider my views only to get a different perspective...
Looks like the corrective pattern C LEG is playing out within the channel. Wave counts and the subwaves counts are marked in the chart in hourly TF 200 HEMA will act as a resistance and also best zone to enter in to shorts (for a good RR set up) I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your...
NIFTY at 23100 - What's ahead - Analysis on Multiple parameters For the short term, price is most likely to hit 22800. Significance of the mother candle formed on 22nd Nov 600 points range bar it was. When it broke out on the upper boundary from the range, it has retested and then moved 900 points on the upside.. while technical target is 600 points...
Getting rejected at the 200 Period EMA on Hourly (50 EMA on Daily). No long trades until and unless we close and sustaining above this level decisively (at least 2 60 minutes candles) On Daily TF, ending formation is seen at the top.. A decent pullback can't be ruled out. On larger TF, price seem to have one more leg up on the upside to complete the 5th.....
Daily chart with internal counts is shared here.. Looks like the impulse 5 wave move is complete now. A pullback to 1500 is on the cards. I believe that the price is still in it's 3rd wave (Primary count) On Weekly TF. But will wait for the specific levels to confirm.. Here is the chart on weekly counts. I am not a SEBI registered Analyst. Views are personal...
Chart/count is on Monthly TF. The price has extended to 3.618 fib level.. technically, the stock is still in uptrend, but, the pattern at the top isnt giving me any confidence that it would move further up from here on.. Distribution phase - Just waiting for the trigger to meltdown.. Twice before, it broke the cloud and managed to climb back up.. Breaking again...
OBEROIRLTY - CMP 2032 Looks like the 5 wave impulse from 300 levels (Covid lows) is getting over now. The Primary and subwave counts are marked in the chart.. Dont fall for the trap of MSCI inflow etc., Profit booking could take place anytime Views are for educational purpose only. Consult your financial advisor before taking any trade
On houry TF, the price broke down from the cloud and in today's (27th Dec) first hour upmove, price hit the cloud top and seen strong supply/rejection from there. It hasnt given the short signal yet, but on watchlist. On daily, looks like the last leg of rise is a throwover move on the upside. Waiting for the price to come inside the wedge for confirmation
They say results are super Duper, but what does the chart say? Chart with Monthly and weekly counts: To me, looks like the price is headed lower in WXY wave. W and X being done with, Y will take it below 1500 is my primary view. Rest is up to the market makers.. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please...
Everything is explained within the chart.. Self explanatory.. This is just an hypothesis, maybe a crazy idea/view from someone with long bias on this script.. Nevertheless, In my humble opinion, it is definitely not a place to short at this juncture. On the wave counts, price is at 50% retracement level, ideal for the 4th wave termination.. as long as 196 is...
I could be completely wrong here.. But the chart set up/counts indicate that the price has completed Cycle top followed by corrective moves A and B.. and I am eying for the C leg down.. Or, it could be possible that B wave hasn't ended yet, it could go past 56K as well and then come down.. For now, price is trading inside the supply zone of Nov'22 Sellers. I am...
Topping out formation seen on Smaller TF. On daily/Weekly TF, price is in the 5th wave (or even 5th wave is complete) but on Smaller TF, looks like one more high or equal high is pending.. as they say, Do not trust the 5th wave.. I am not a SEBI registered Analyst. Views are personal and for educational purpose only. Please consult your Financial Advisor...
Nifty is at AVWAP from the Oct'23 lows.. The last time, this VWAP was tested on June 4th.. In general, VWAPs offer decent support/resistance intraday.. Now this is on daily TF.. I am expecting the price to halt and give a decent bounce .. Wait for price action to confirm the view/thesis I am not a SEBI registered Analyst. Views are personal and for educational...
The last time (2022), when the price broke out of the 1377 range, it exactly hit the 1.618% extension at 1697 and reversed to 1250-1350 levels. This time also, it is showing reversal/topping out signs again at the 1.618% fib extension of the 1697 breakout. Also, the Rounding bottom pattern target is done on the upside. Will it go down to 1600 levels this...
Chart is self explanatory and purely my crazy thought/hypothesis. Summary: Around January 2022 the price reached the channel top and consolidates there for some time, then distribution happened for the next 12 months, until next January. During this course of correction, it had reached the channel bottom and ready to bounce up. The subsequent year it moved up...
Bull Case: 1. Rounding Bottom Breakout is in progress, pattern target is 2500+ 2, Price is making HH/HH. Hasn't been impacted much during the market correction 3. Made a strong base at around 1500-1700 and have been moving up strongly. Dips are being bought Bear Case: Price is getting rejected at the 1.618% fib extension of the IPO base range. Usually...