RUDRA007

RUDRA007

Larsen spot cmp 1280 Bearish bat pattern formation. PRZ zone in range 1280 to 1320 SLZ zone above 1350 levels Elliot wave study. Impulse wave is above to mature around 1300 levels,, if corrective wave unfold around these levels can see retracement in price.. Good short candidate

RUDRA007

Indusbank good short candidate in range 930 to 980 stoploss above 1020 on closing basis Targets of 700-600-500 Elliot wave details mentioned on chart if any query can ping me

RUDRA007

Escorts spot CMP 1380 levels. Elliot wave projection :- Counter is trading around the maturity levels of impulse wave 3. if corrective wave 4 unfolds around this levels price might correct to 38.2 to 50.00% of wave 3. Chart patterns :- Double top formation Double top formation is observed on daily time frame ,, pattern breakdown confirms once the nearest support...

RUDRA007

Bank Nifty spot cmp 30460 Harmonic Study Bearish butterfly pattern formation PRR zone :- 30460 to 30560 SLZ zone :- 30610 once sustain for 15 mins above this levels Targets levels :- 29880 and 29640 levels can be seen. RSI :- Price making higher high where as RSI is making lower high, bearish divergence. Good short candidate in PRZ range.

RUDRA007

Nifty Metal index CMP :- 3200 levels. Harmonic pattern :- Bearish butterfly pattern formation. PRZ zone in range :- 3200-3300 levels 1.27XA = 3313,, Equivalent AB =CD matures at 3210, 2.24 BC extension around 3180 levels. Bearish AB = CD pattern formation matures around 3210 levels.. Elliot Wave study :- Whole structure formation is in Expanding rising wedge...

RUDRA007

Nifty Midcap Index CMP around 20450 levels. Elliot wave Study :- Whole structure is in form of rising channel pattern, at the moment index is around resistance line of rising channel pattern. As per % terms if observed wave 1 = wave 5 (both the waves are of 27% ) Wave 3 is of approx 1.618% extension of wave 1 and wave 5. As per theory when wave 3 is extended...

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.

RUDRA007

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...

RUDRA007

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...

RUDRA007

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...

RUDRA007

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..

RUDRA007

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...

RUDRA007

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...

RUDRA007

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...

RUDRA007

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

RUDRA007

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