As per Elliot's wave, the E wave of a triangle has been completed. an impulse wave is forming of which 1st segment of the 5th wave is in progress. c wave of 1st of 5th wave is forming ...so can take a short position up to 350... then there is a massive move up as 5th wave can be the extended one.
This is a monthly chart ananlysis I have various confirmations to short ITC... 1 . previous support may act as resistance 2. it is at 50% fibonacci line where it has given a long wick..showing more selling pressure 3. the move ending at 50% fib level is of same length of previous move ..... . Lets see what happens this is just a view....
WEEKLY TIMEFRAME SOLID BREAKOUT AND AT PERFECT BUYING LEVEL WITH VERY SMALL STOPLOSS.
Waiting for a buy in blue zone...Invest small amount as it can give huge profits if gone right...if wrong no prblem the amount is not so big ..I am ready to lose all Lets see how it goes.... Disclaimer: This is my view..plz dont take trade on my views...if u lose money i will not be responsible for it
Only for educational purpose. Recently it broke 4yr trendline now showing sign of bullish trend by forminf HH and HL . Buy @42-44 if shows bullsih candle in 4hr. You can also put a stoploss@37 if low capital.
Even if people think that tomorrow being SNL event Doge can make new highs I am thinking the opposite...Don't go with crowd.. If daily candle closes below redline we can see a bearish move back to 40 cents zone... I am not saying it can't make new highs but saying it may take a pullback to 40 cents then move upwards.. This is my view...plz do ur own analysis...
As it is in heavy bearish mode...i will prefer to short only at the red line and my target would be black and green line as per situation..
Buy in the green zone if we get any bullish candle and can take the target of todays high for safety or the target red line, if possible today.