RUDRA007

RUDRA007

USDCAD CMP 1.27779 Elliot wave study. Currency is on verge to complete its impulse phase,, wave 5 of impulse phase is on verge to complete,, if corrective phase A-B-C unfolds.. good rally can be seen ,, Double bottom formation around 1.26800 levels or support from mid line of falling channel can be seen, from where good reversal is possible.. Will wait for...

RUDRA007

WTI CRUDE CMP 48.42. Bearish bat pattern formation. PRZ around 48.75 to 48.90 SLZ zone above 49.20 once sustain above this levels of 10 mins. Down side 48-47.5-47 possible. Rising wedge breakdown below 48.28, if does not move to levels of 48.75 and breaks below 48.25 can go short below 48.25 . Good short candidate...

RUDRA007

USDINR CMP 73.17 Long term trend line support around 73.10 levels, Previous 2 bottoms around 73 and 72.80 levels. Previous resistance of several peaks would act as strong support in range 72.2 to 72.3. Elliot wave count suggest, impulse phase wave 5 may complete range of 72.2 to 73.00. Good levels to go long in this range.. View gets violated below 72 on closing basis..

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Berger Paints Spot CMP :- 735 Bearish Crab Pattern formation :- PRZ zone :- 726-738 levels. SLZ zone :- 760 levels 1.618 XA :- 726 level 2.618 BC :- 738 Elliot Wave Study :- Currently counter is trading in impulse wave 3 of impulse phase.. At the moment wave 3 have extension of 2% of wave 1 which is around 745 levels.. if wave 4 unfolds from this levels...

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Jubilant Life Spot CMP :- 850 Falling expanding wedge breakout and retest done. Inverted head and shoulder pattern breakout above 890 levels,, Once breakout confirms counter can give upmove of 300-500-700 points after breakout levels.. Good long candidate,, dont miss it for investment..

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Asian paints Spot CMP :- 2650 Elliot Wave Study :- Wave 1:- First wave of impulse phase, consist of 435 points. Wave 2 :- Corrective wave of impulse phase, have retraced around Wave 3 :- Longest and strongest wave of impulse phase, consist of 1170 points , which is 2.618% extension of wave 1.. now if major wave 3 matures around this levels and corrective wave 4...

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HDFC bank :- CMP :- 1400. Bearish Butterfly Pattern formation. PRZ zone :- 1414 - 1455 SLZ zone :- 1500 1.27 XA = 1450 LEVELS 2.618 BC = 1428 LEVELS AB = CD :- 1414 LEVELS. Equivalent AB=CD pattern formation. PRZ zone :- 1414 -1420. Rising channel pattern :- Resistance trend line of rising channel around 1420 levels.. counter would face resistance around this...

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HDFC Ltd :- CMP :- 2455 Counter recently touched the levels of 2500, which is the life time high levels for the counter.. Double Top formation :- 2500 is the levels from the counter fell in last bullish move,, currently counter have made same levels and taken pause in last 2 weeks, double top formation on weekly time formation till counter remains below levels of...

RUDRA007

MNM spot CMP 710. ELLIOT WAVE STUDY. Counter have completed it impulse phase of upmove and currently trading in corrective phase ,, if running wave is B of corrective phase,, it can retrace to levels of 61.8% to78.6% of wave A , price wise which is around 730 to 750 levels. If wave C unfolds from this levels good fall in price can be seen which can lead counter...

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BTCUSD CMP 23223 Bearish butterfly pattern formation. PRZ zone in range 24000-24500 SLZ zone above 26000 Down side levels of 18000-16000-14000 possible. Small alteration in points B is considered,, RSI bearish divergence seen in last up swing Good short candidate,,,,,

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Gold U.S. CMP 1872$ Gold is trading in major falling channel on medium term time frame. An intermediate rising channel is observed in very short time from recent low with the larger falling channel pattern. Break down from this minor rising channel confirms below 1855 levels. AB = CD equivalent pattern formation in progress , where point C is matured and counter...

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Jindal Steel Good short candidate. Bearish SHARK pattern formation. PRZ zone in range 270-285 SLZ zone above 295 T-bar already formed and gave reversal,, now is sell on rise candidate,, Best range to go short is 270 to 285,, Rising wedge formation,, currently counter is trading around resistance line of rising contracting wedge ,, RSI divergence seen in last 2...

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CADJPY CMP 80.650 Bearish shark pattern formation. PRZ around 80.690 - 80.705 SLZ above 80.785. Targets 80.500,,80.400

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EURUSD CMP :- 1.22 Elliot wave study :- Impulse phase for currency is on verge to mature,, resistance around 1.22725 to 1.23000. If corrective wave unfolds around this levels good retracement in price can be seen till level of 1.20000 to 1.19000. Rising channel pattern formaiton :- Resistance of mid line of channel around 1.22000 levels might give good reversal...

RUDRA007

U.S DOLLAR DXY INDEX CMP 90 Falling wedge chart pattern formation. Elliot wave study. RSI bullish divergence. Index is on verge to complete impulse phase of elliot wave,, if corrective wave unfolds good rise can be seen. Support trend line falling wedge pattern around 90 levels ,,with bullish divergence in RSI ,indicate reversal.

RUDRA007

U.S DOLLAR DXY INDEX CMP 90 LEVELS Good long candidate at this levels. Rounding bottom formation on weekly time frame support around 89.8 levels Rising parallel channel support around 89 levels View gets negated below 88.7 on closing basis. Upside can move to levels 94-96-98-100-103.....

RUDRA007

Nifty spot cmp 13600 Bearish bat pattern formation PRZ zone in range 13700-13715 SLZ zone above 13780 Down side can fall to levels of 13580-13530-13460.

RUDRA007

AUD/USD good short candidate. stoploss above 0.77 levels once sustain above this levels for 15 mins down side can see fall till levels of 0.70 levels..