Stock looks bullish with Impulse 1 and 2 completed and started Wave 3. Break and close above 82.2 on daily chart confirms up move. All dip towards 80-75 long opportunity Stop Loss 60/58 on daily closing basis, target 130-135 in short term. Long term 250-270+ since fresh rally should break previous high and continue up move Disclaimer: Small cap share so...
ICICIBank respecting lower line of pitchfork pattern. Tripple Zig Zag in C correction wave. Multiple major resistance 364,375,385 above which 410,442 is expected. Entry 360 Stop Loss 335 (7%) target conservative 410(13.9%), Aggressive 442 (22.7%)
Century Textile gave contracting triangle breakout. Big volume breakout after consolidation. Long near 310-330 STOPLOSS 274 Targets 355, 380, 480-500(long term) Non risky can wait for confirmation close above 328 on daily charts. Disclaimer: Calculated and plotted values may vary and change. This investment/trade may not be suitable for all investors. Do...
Bank nifty started up move after breaking 22440 to 23000-23200 as mentioned in previous article. Now wave 3 could be over expecting long and shallow 4th wave correction till 0.38 fib level which will be tough to trade. Current assumption is wave 3 of recent rally completed near 23682 which 1.68 fib levels where wave 3 usually end. Short all rise near...
Stock currently in upward trend and may break upside. Wave 4 has formed skewed triangle and about complete final Internal Wave E. Long in the zones of 199-195 Stop loss 179 ( if hits loss will be ~10% of entry price) breaking 185 will be tough. Targets for Wave 5 235(as per fib extension drawn between wave 2-3-4),245-250(aggressive) Notable resistance 212 non...
Stock post touching 650 broken Consolidation started going south till 152. From 152 it made retracement fib levels 0.5 completing first 5 wave impulse Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse. Long all dips towards 270 Short term...
Deepak Nitrate shows Bullish bias for 3rd Elliott wave target 870. Conversely it's cup and handle breakout with cup height ~260+600(breakout point) =860. Stoploss 550. Entry on any dip towards 600. If Wave 4 retraces 0.382=712 then wave 5 target 960-70 If Wave 4 retraces 0.272=772 then wave 5 target 1032 Calculations and actual movement in stock may differ ask...
All dips till 200 long opportunity for target 260, 286-300,360. SL 180 on daily basis. Disclaimer: small cap stock highly risky so consult your financial advisors before investing. Defined values may vary in actual price movements.
Nifty formed Bullish candle today 19th Jan. Formed Cup and Handle formation if closes above 11430 we could see nearly 11700 Cup height or even Cup height 11900+ or 12k+. SL as per your risk capacity or 11270 Disclaimer: Do your own study or ask your financial advisors before investing/trading. This analysis can be wrong as well.
Banknifty formed Parallel channel post march lows. Currently in Wave 4 and correcting. Now probably forming Tripple Three Elliot Corrective Wave which is long and shallow correction (0.382 fib level) between 21000 to 23000. If it reaches 23000 levels and starts reversal then we can definetly say it as Tripple three elliot wave and can plan for wave Z. Price...
Stock post breaking Leading Diagonal started upside with big volume. Long all dips towards 330-310 Wave 3 has started which should move towards 400-420 (1.68 Fib level) zones. STOP LOSS 277 In longer horizon Wave 5 (equal to Wave 1) positional target 475. Wave 4 will be complex and long correction towards 365 (0.382 fib level). Disclaimer: Calculated and...
VGuard broken falling wedge with big volume. Stock looks to all set to move up towards 230 levels if takes out 184 easily. Failure to break 184 will form symmetrical triangle. Any Dip towards 165 long opportunity SL 158 on daily basis. Target 180, 200 230+ Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave...
Stock post breaking Triangle currently in consolidation at upper channel line drawn from 9929 level. Red Marubozu on Fri 14th Aug 2020 tells start of down move. Wave 2 is starting probably gonna consolidate and go down towards fib levels 0.382 (6385), 0.5 (6264). All bounce towards 6600-6700-6800 short opportunity STOP LOSS 6900 Potential to hit 6400 6300...
Today Nifty opened gap up and invalidated assumption of impulsive down moving Elliott wave. At gap up 11248 it confirmed since wave 4 touched wave 1 now its forming a wedge or parallel channel. Where wave 4 should end near 11268 which is 0.618 fib level. Next fib 0.786 11311. Stop loss 11325 Resistance 11270-85 will be difficult to cross. Wave 5 should start...
Nifty formed Parallel channel inside bigger channel and making smaller candles suggesting upmove exhuasted. It formed Contracting Triangle at top of trend and didn't break major resistance 11380. On 14th Aug gave downside breakdown from triangle completing sharp downside of 3rd impulse wave. Third wave completed as you can see it formed Hammer at 11111...
Meghmani Organics Parallel channel Breakout Stock out of consolidation and correction. Green arrow shows three phases of stocks namely UPTREND,DOWNTREND and CONSOLIDATION Currently in Wave C of correction or Wave 3 of impulse which should end near 78 zones. Long all dips towards 60, Stop Loss 49 on daily closing basis Expected positional targets 100, 115, 130+...
Elliot Wave Analysis of Tata Steel with Fibonacci retracements. Currently in wave A of parallel channel correction or about to end Wave 3 of Impulse start of wave 4. Daily chart shows shooting start on 11th Aug and on 13th Aug resisting 430 levels. Tata Steel Downward Parallel Channel breakout on Weekly chart. Testing Trend line drawn from wave 1 start and wave...
Volume breakout and start of 3rd wave on weekly chart. Long between 190-175 STOPLOSS 150 on daily closing basis. Targets 226-250(easy target), 300-310(third wave target) ,350(fifth wave target) Disclaimer: Do your own study or ask your financial advisors before investing. Actual movement in price may vary stock to stock.