Niftydirection

Niftydirection

Shyam Metalics and Energy seems to have completed ABC zig zag correction at 300 and came out of channel. Channel breakout confirmed after it crossed 338 and while coming out formed rising wedge pattern or leading diagonal pattern. Leading diagonal are found at start of new trend. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical...

Niftydirection

Stock looks to hgave broken out of consolidation 4th wave and started 5th wave DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator...

Niftydirection

Stock is in wave 2 zig zag correction and dropping towards 0.618 Fibonacci. Good to add in range 2500-2200 with Stop Loss 1980 for long term for 2x-3x returns DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on...

Niftydirection

All details mentioned on the chart as per Elliott wave. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns....

Niftydirection

Any bounce in stock is short opportunity with SL 1809. Best to wait for confirmation break below 1669 for drop towards 0.236 fibonacci 1530 then 0.382 1330. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments...

Niftydirection

All details on the chart if you get any pullback towards 250-40 zones add with nearly 15% stop loss for 25-28% target 1. Mostly it will hit target 2 as wave 3 was not extended. Also channel on wave 3-4 broken so it would be bullish. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the...

Niftydirection Updated 

DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before...

Niftydirection

Thermax today came out of long consolidation and gave flag breakout. Wave 5 is started and expecting to go towards 1900. Other details with entry and stop loss on chart. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own...

Niftydirection

Ultratech Cement had stellar rally from 2900 to 8000+ looks to be heading max 8532 which is max possible upside for it as wave 5. Then a corrective wave will start towards 6300 which is 0.382 fibonacci levels. Notice MACD Negative Divergence price making higher high and MACD higher lows. DISCLAIMER:There is no guarantee of profits nor exceptions from...

Niftydirection

Nifty after going continuously up taking breather. Currently in triple zig-zag correction of which XX wave in progress which is expected to be flat till 17915-70 levels. The last correction wave is suppose to end near 17180 if we consider nifty starts drop from 17915. Z wave targets will change based on where flat ABC (or XX) end. Off course bounce is expected...

Niftydirection

IRCTC witnessed massive drop hitting 2 circuits. The drop took it to 0.236 fibonacci retracement levels. Assuming todays drop as Wave A next consolidation as wave B and see some pullback it could be till 5800. Wave C should drop towards 0.382 fibonacci levels. This ABC correction move should suck and digest all the rally it made so far then next Upmove as...

Niftydirection

Following are common things one can spot on weekly chart which happen before fall/crash of 2008 and 2020, similar thing can be found in other indices and on all time frames in chart 1. Price will continue to make higher high RSI or MACD indicators will show trend exhaustion with lower high not breaking previous high 2. Series of Negative divergence is seen on...

Niftydirection

Federal bank gave bullish close above falling trend-line and breakout point was placed at 92.5 It has given breakout from Inverse head and shoulders pattern. IH&S are most commonly found at bottom of downtrend they are reversal patterns. Can enter long near 89-90 with Stop loss 70 for 149 target DISCLAIMER:There is no guarantee of profits nor exceptions from...

Niftydirection

Fertilizer stocks on the move. Consolidation happened in Deepak Fertilizer in wave 4 is expanding flat correction which ended at 0.236 fibonacci retracement . Long near 420 with strict SL 380 for 600-640 and if got lucky then extended wave 5 targets of 800 possible. Channel Breakout will give extended 800 target confirmation. DISCLAIMER:There is no guarantee of...

Niftydirection

Markets often move in Channels be it range bound, Strong Up or Down. Channel helps to project direction and next reversal points. Combine Channels with one of momentum indicators MACD / RSI then spot divergences and channel moves will start making sense. Details are added on chart. Happy Learning.

Niftydirection

ESAB INDIA is forming flag volume has picked up in recent days. The Company stands 3rd position in terms of market cap in Electrode Manufacturing Industries. Entry near 2200 with SL 2083 for target 2550 and extended 5th wave target of 3040 aas wave 3 wasn't able to break channel. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The...

Niftydirection

Most common found pattern. Its temporary pause to extended rally. Key to identify this pattern is rejection after breaking wave A start. Always look for very smaller margin rise above start of wave A. C wave is sharp fall to reach 0.382 Fibonacci retracement of rally. All other details explained in chart. Comment your doubts.

Niftydirection

All details on chart wait for Confirmation entry and then long with proper stop loss as per your risk capacity DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past...