RK_Charts

RK_Charts

This sector has completed corrective waves as wave A-B-C and now possibly wave X has been started as a retracement, Once it closes above 20DMA (middle Bollinger band on daily chart), then it can show good strength and go towards north directions, up to 38.2% of whole recent fall as wave A-B-C. Some price actions and some indicators are suggesting reversals after...

RK_Charts

S&P, After impulse move in 1-2-3-4-5 waves on weekly chart, now we have witnessed entire fall as a leading diagonal as a wave A, and now we are in wave B, possibly it can retrace up to 38.2% of wave A entire fall, or maximum up to high of wave 4 in wave A, these levels are pegged near 4050 and 4177, all other parameters are supporting same bias to go long, which...

RK_Charts

Britannia has shown clean 5 wave decline in wave A, indicating that the short term structure is bearish, but near term pullback is due as a wave B which can maximum retrace upto 50% or 61.8% of wave A, possibly near 3500 levels. Once the pullback is complete wave C would be ready to start journey towards south directions Down towards 3200-3300 range. Overall...

RK_Charts

LTI is showing wave structure like, either larger wave A-B-C is done and now deeper retracement is possible as a wave X, or after wave 1-2-3 is done and now possibly in wave 4, where wave A-B is done and now wave C is unfolding. This stock can see good pullback towards north direction nearly above 4600 where wave C would be equal to wave A, on the way down 4000...

RK_Charts

Finally, after 7 trading days Nifty closed positive green today, So now what's our trigger point to initiate fresh buying here, its nothing but mass psychological RK's cloud buy signal, above RK's stop line and also RK's momentum buy signal activated on 15 mins time frame, which is good enough to rely on. Over all wave structure is also suggesting pullback is due...

04:41

RK_Charts

Here is possibilities of what does Nifty overall wave structure says. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My...

RK_Charts

In Reliance RK's momentum sell signal is already activated on daily chart, and yesterday finally it break down from that rising channel, and today we closed below 20dma along with close below RK's stop line which is at 2635, now we can say that yes we are in bearish phase. As per Elliot wave structure also, wave E of the ending pattern ended in april and fall was...

RK_Charts

We are currently in minor wave iii of wave C of wave Y, fall from 274 has become a complex correction, possibly a triple zigzag pattern, if wave Y is going to be equal to wave W then we can see 81.75, 58.85 and 40 levels too. Overall wave counts on weekly chart macd in monthly turned negative macd in weekly negative macd in daily also in negative rsi in...

RK_Charts

This stock has broken down support trend line on daily chart along with good intensity of volume. Stock is possibly forming a bearish head and shoulder pattern and currently, the neckline is at 603. close below 603 will confirm a head and shoulders breakdown which may the open the gates of 482 levels. Also trend indicators like macd, rsi, rk momentum, rk mass...

08:37

RK_Charts

This stock is forming head and shoulder pattern on weekly time frame, that can be a big bearish ahead. Right now we are at mid. Bollinger on daily chart, at 20DMA once its break and close below 20DMA then that would be a trigger point, Overall wave structure is also suggesting corrective structure ahead, after completion of impulse waves, we are in corrective...

RK_Charts

LT shown selling pressure today and has been closed below 20DMA, RK's mass psychological cloud and RK's stop line both are indicating bearish scenario ahead, this stock is showing clear wave counts on daily chart, where after completing 1-2-3-4-5 impulse now its in corrective phase as wave W-X-Y, also chart is showing that W and X has completed now wave Y is...

RK_Charts

Axisbank has given good breakdown of 20HMA along with bottom of parallel channel in hourly and apart from theses it has also broken support trendline with good intensity of volume. This stock has fallen below 20DMA which is pegged near 668, Also recent rally ended at RK's Stop line (key level line) near 700. Overall wave structure is suggesting that corrective...

RK_Charts

This stock has aligned all sentiments in multiple time frames which are good enough to forecast next moves, and it indicates bearishness ahead. Price trading below support line and also below major EMAs like 200ema, 100ema, and 50ema on Daily time frame. Wave structure is also suggesting more correction ahead, after good up rally and high of june 2021, it started...

RK_Charts

Copper has given breakdown along with good intensity of volume, also formed 5 wave declined as a wave i after forming triangle as a wave X, wave ii has retraced very minor pullback, and now possibly wave iii is unfolding, which is making sentiments more bearish along with trend indicators supports in same bias, all the key levels are mentioned on chart. Overall...

RK_Charts

This stock is looking like head and shoulder chart patterns breakdown along with good intensity of volume, and it has started its correction as a wave A in 5 subdivisions and then wave B is small and now once price breaks below 4058 then possibly wave C must started, and it should come down in 5 legs only. Below are some supporting scenarios shared. head and...

RK_Charts

Silver is still in triangular correction on weekly time frame and now it has weekly closed below RK's stop loss line which is a sign for weak sentiments again also weekly macd is about to turn bearish again so we can assume that after completing wave a-b-c-d- now we are unfolding wave e in triangle pattern, which can be last decline before breakout towards north...

RK_Charts

CRUDE OIL Looking good to go long at current levels or in dips ( if any ), there is a good and clear assumptions of wave structure along with trendline breakout on daily time frame. Price again closed above mass psycology cloud, and also above RK's stop line and also price has given close above 20DMA, also trend indicator macd is showing same bias to go long. On...

RK_Charts

This stock has given good breakout along with good intensity of volume on daily time frame, Once it closes above 144.20 then more strength could be seen on chart to go towards north direction, all the key levels are mentioned on chart. Breakout along with good volumes RK's black magic BUY signal in Daily chart MACD in weekly positive crossover MACD in...