RUDRA007

RUDRA007

ICICI PRU spot CMP 470 Counter have given breakout from inverted head and shoulder pattern on larger time frame. On smaller time frame have give breakout from cup and handle pattern,, small hurdle around 487 levels of neckline of medium term cup and handle pattern, if crossed and sustained life time high levels can be seen. Note :- have already recommended to...

RUDRA007

Kotak bank spot CMP 1870 Bearish butterfly pattern formation. PRZ zone in range 1870-1940 SLZ above 1970 levels RSI divergence :- price making higher high where as RSI indicator is making lower higher, bearish divergence.. RSI is on verge to break down below 70 levels that is from overbought zone indicates profit booking in counter.. Good short candidate.

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Nifty spot cmp 13000 Elliot wave study :- on weekly time frame major elliot wave impulse phase is on verge to mature,, 20 year cycle is on verge to mature,, now if corrective wave unfolds there can be price wise and time wise correction on index.. Wave 1 is of around 5510 points ,, wave 3 is or around 10175 points which is longest and strongest wave of impulse...

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Nifty Spot CMP 13000 Elliot wave Study :- Impulse phase is on verge to mature, and if Corrective phase unfold for this whole impulse swing we might see some retracement in coming 1-3 month ,, price wise which can be 0.236% to 0.50% of this whole swing.. more details mentioned on chart.. RSI Divergence :- In last wave of impulse phase , price is making higher high...

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DOWJONES comparison from 2012 to 2016 and 2016 to2020,,let see if history repeats itself

RUDRA007

DOW JONES recent chart from sep 2015 to till date ,, if observed this chart its perfectly moves as per structure that was formed in 2013 to 2016.. will this history repeat this time...

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Dow jones historical chart from Apr 2013 to Sep 2015.. this chart is shared to compare the historical move of index in past and current structure formation.. soon will send the recent chart of dow jones,, and all viewers should compare both the chart to understand how history repeats..

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CNX Financial Spot CMP 14200 Bearish Bat Pattern Formation PRZ range 13950-14150 SLZ zone 14750 Down side 12500-12000-11500 possible. Any reversal below PRZ zone that is below 13950 would confirm reversal,, Index can see good retracement below this levels once pattern reversal confirms. RSI Divergence :- Price making higher high, RSI making lower high,, Bearish...

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Nifty PVT Bank spot CMP 16220. Bearish BAT pattern formation. PRZ in range 16600 to 16950 SLZ zone above 18050 Down side 14500 - 13500 - 12500 possible. 0.886 XA retracement completion around 16950 Equivalent AB =CD pattern completion around 16600 2% BC extension around 16640 levels.. RSI divergence :- Price making higher high, RSI making lower high, Bearish...

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Hindalco spot CMP 214 Elliot Wave Study :- Counter is trading in 5th impulse wave of impulse phase,, soon corrective phase might unfold and price might see good retracement of current up trend. Chart Pattern :- Rising channel pattern, counter is trading around resistance line of rising channel pattern.. prices may face resistance around this levels . RSI...

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Balkrishna spot cmp 1555 Bearish equivalent ABCD pattern formation PRZ in range 1580 to 1600 Trade to be initiated only after reversal from prz zone SLZ above 1640 levels Down side we can se 1480--1450--1410 levels

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Dow Jones Bullish GARTLEY pattern formation Falling parallel channel support around PRZ zone Good long candidate around 25900 to 26100 levels View gets negated below 25500 on closing basis. Targets 27000,,28000

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Indigo spot cmp 1350 Bearish bat pattern formation PRZ zone in range 1430-1455 pattern gets violated above 1540 levels As per elliot wave counter is on verge to complete its impulse phase,, once corrective phase unfolds,, we can see sharp fall in counter,, Rising channel resistance around same range would act as good resistance Price are making higher high and...

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Grasim Bearish bat pattern formation,, good short candidate,, details mentioned in chart...

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NIFTY CNX IT :- INDEX IS TRADING AT RISING TREND LINE SUPPORT ZONE,,AS PER ELLIOT WAVE ,, CORRECTIVE WAVE 4 OF IMPULSE PHASE MIGHT END AROUND 11000 LEVELS ,, VIEW GETS NEGATED BELOW 10400 LEVELS ON CLOSING BASIS,, IF THIS LEVELS ARE SUSTAINED ,, CAN SEE SHARP BOUNCE TILL LEVELS OF 13000-14000,,,,

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BULLISH ABCD FORMATION PRZ ZONE IN RANGE 1265 TO 1275 VIEW GETS NEGATED BELOW 1258 SHARP BOUNCE POSSIBLE FROM THIS LEVELS,,,

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BANK NIFTY SPOT IS MOVING IN CYCLIC MANNER,, 15 TO 17 DOWN BARS AND AFTER THAT 4 UP BARS,,, EVERY TIME DOWN CYCLE CONSIST OF 1700 POINTS DOWN FALL,, LETS SEE WHATS IN STORE IN COMING DAYS,, IF THIS HAVE TO PAN OUT TILL 20 FEB WE WILL BE TRADING AROUND 29100 LEVELS,,,