SILVER MCX in the near term 70500 - 70600 are the resistance zone for silver mcx, it has possibly completed wave ii in three wave decline, and now possibly wave iii is unfolding. If our wave counts are going correct then above resistance zone silver can show 79000 plus, where wave iii would be equal to wave i. Currently price is sustaining above RK's stop line and...
Here are some intraday important levels of Nifty spot chart 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 studies are...
Nifty Metal Index is possibly completed as a leading Diagonal wave 1 of wave 5 circle, where wave 5 is shorter than 3, and wave 3 is shorter than 1 ( Leading Diagonal ) If its right than possibly wave 2 of wave 5 is now Due or ready to unfold, in macd and RSI we are witnessing negative divergences, along with Negative crossover in Stochastic and MACD, also RSI is...
Here are some levels marked on Nifty spot chart for intraday importance 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...
Voltas, this stock has been consolidated in a parallel channel since October 2021, and now very first time it has closed just out of that same channel's top on daily time frame, Also it has been closed above 20DMA from last 15 days and sustaining on same. As per elliot wave structure we can assume that from the low of 8th March fresh impulse wave 1 started and on...
NIFTY spot chart is showing good impulsive moves, This week's price actions are adding good confidence to the view that a new upward trend has started now. We should continue higher as long as support near 17003 holds it can head towards 18170 next, and break above 18170 can move towards more north direction like 18761 and more, Wave counts are suggesting same and...
After sideways correction, Recently Silver started new impulse move, and now setup suggests that probably wave a-b-c decline in wave ii is complete, Silver retraced nearly 61.8% of the recent rise, also retested its triangular breakout point and recovered sharply. Once it gives positive close above 0-B trendline (purple resistance trendline) then it confirms that...
Gold retraced 61.8% of previous rise, it tooked support perfectly from 61.8% and lower bollinger band on daily time frame, and it had once again managed to hold above the RK's stop loss line on the closing basis, after taking support & closing that doji type red hammer candle, next candle closed positive and also given good follow up upwards, also buy signal...
This stock has crossed his weekly swing high, and overall wave structures are suggesting impulse ahead, also macd and other indicators are supporting our bias to go long. all the key levels are mentioned on chart. Overall wave structure macd in daily positive uptick macd in weekly converging upwards RSI in daily Most investors treat trading as a hobby...
Chart says everything itself. RK's Magic Signals Divergences at its Best RSI Breakouts and Breakdowns 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...
ICICIBANK has broken above the swing high today and it is on the verge of closing above RK's short stop loss line, this can possibly lead to the next step of up move. Also macd and other indicators are also suggesting same scenarios, As per wave counts, minor degree wave iii can possibly unfold at 777 and more, On the way down 694.50 level would be support to...
here are some important intraday levels mentioned on chart 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 studies are...
Nifty metal index continues to charge higher in wave iii of 5, and it pushed MACD towards higher high. Overall wave structure RK buy signal activated in daily time frame Key levels are mentioned on chart MACD in Daily positive MACD in weekly positive RSI in daily uptick MACD at Higher High Most investors treat trading as a hobby because...
This stock has given good breakout on daily time frame as well as on weekly time frame, along with a good intensity of volume, this is a newly listed stock and it is moving up impulsively, RK's Magic indicator is also suggesting to go long for forthcoming weeks, Overall Wave Structure is also suggesting same on weekly Charts, all trend indicators are also aligned...
Reliance has given breakout of resistance trendline on daily chart along with very good intensity of volume, also it has been closed above 20WMA (Weekly Mid Bollinger Band) in addition to this macd in weekly is about to turn positive and daily has done positive crossover few days back, which is now uptick above zero line. Possibly wave 3 of 3 can now unfold. On...
This stock is showing good power and strength to go more upside, once price closes above 1497 plus levels, then it can show more strength to go further up side, Bullish crossover in weekly macd can put the bulls in a dominant position. on daily chart swing low of 1411 will be a crucial support to watch out for on the way down. One can go long at current levels or...
BankBaroda has posibly started an impulse towards north, recently it has retraced 61.8% of last rise, which we can say wave 2nd of some degree has been completed near 92 level, we can assume that now new impilse as a wave 3rd of some degree has been possibly started, which can show levels towards north upto 144 or more, trend indicators are also suggesting same,...
HDFC is looking good for investment purpose as per waves analysis. First price should give breakout above current 0-X Trendline. Wave structure says everything, Let price say something aligned with it, then its confirmed Investment pick. Overall structure can be unfold as below Unfolded waves structure let price breakout this line Disclaimer. I am not...