Niftydirection

Niftydirection Updated 

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...

Niftydirection

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...

Niftydirection

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+...

Niftydirection

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...

Niftydirection Updated 

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.

Niftydirection Updated 

Cipla cup and handle breakout. Add on dips 710-702 SL 680. Conservative target 745-53 (handle height). Aggressive target 800 (cup height). Rsi negative Divergence so aggressive target is tough to reach. Result on 7th Aug.

Niftydirection Updated 

NFL breakouts of weekly parallel channel with huge volumes looks to test 40-36 first which are good entry points. for 55,62,68 targets with SL 32 on daily basis

Niftydirection Updated 

BEL broken out of contracting triangle and moved like a rocket. Currently in 4th Elliott wave which is corrective in nature. All bonce towards 99 short opportunity with SL 100.2 target 96.4, 95.3, 91.7, 90.90 Disclaimer: All levels pointed on chart are forecast based on mathematical Calculations or chart based technical analysis which may or may not true. This...

Niftydirection Updated 

Reliance continuous run-up with extended(3.618) 3rd wave to end near 1997. Volumes are dropping suggesting it may not extend beyond 2000 levels. 4th Wave should start from there which could end between 1625-1570 zones. It has also formed inverse head and shoulders pattern which post breakout target 2333. All details marked in chart. Stock may not follow exact...

Niftydirection Updated 

HDFCBANK retraced more than 61.8% from top. Leading Diagonal wave is 5 wave pattern which is formed in wave 1 of impulse or wave A of Zigzag. HDFCBANK to start fall post close below 1093 on hourly chart. SL can be 1120-30. Potential wave targets are in coming days Wave A 1046/1020 Wave B 1075/1065 Wave C 1002/960

Niftydirection Updated 

First source solution (FSL) looking for breakout from parallel channel. Third Elliot Wave has been started which can be confirmed by volume blast. Formed cup and handle pattern which is near breakout point. All dips towards 42.3 - 40 are long opportunity Stop Loss 34.9 on daily closing basis. Check chart for more details. Third wave target 58 Fourth Wave target...

Niftydirection

Trade closed near 3400 with nearly 30% gains.

Niftydirection Updated 

Entry on any dip 2621 SL 2370 (9.5%) tgt 3435 (31%). Please check rest all analysis in chart. Like, Comment and Follow

Niftydirection Updated 

If doesn't break 10350 then 10697 target in couple of sessions. Otherwise consolidation in 10250-350 zones. Below 10350 close on 15 min chart gap 10288 will be filled. Just my analysis not recommendation for taking any position :)

Niftydirection Updated 

Stock made its explosive move towards 1.618 fib level 380 from wave 2 and completed 3rd wave, extension 2.618 (478) is less likely. So fall to 0.382 or 0.5 fib levels expected in coming sessions. Sit tight and wait for entry near 315-295 target 400 Stop loss

Niftydirection

Trade 1 Long on any dip towards 225 SL 220 target 235 Trade 2 Short near 235-36 SL 239 target 225 Trade 3 Positional Long near 225-220 SL 209 or wide 199 (on daily closing basis) target 268

Niftydirection Updated 

A Microcap with sound fundamentals looking for breakout? Massive volume observed Close above 192 on daily chart will confirm. Wave 3 target 283. Failure to close will confirm corrective wave still in progress. Microscap stock highly risky not suitable for all investors do your own study or ask your financial advisors before investing.

Niftydirection Updated 

Head height =478 approx Break point =484.8 Target point =962 All details in chart, like and follow for upcoming work. :) Do your own study or ask your financial advisors before investing