Btc is possibly breaking out of a flag pattern. Elliot Wave wise equality level is around 37000. The risk reward for a long view is favourable.
Some upside may still be pending in Nifty to drive up the futures premium and create an over-bullish sentiment.
The price action indicates a breakout from the falling channel pattern wherein the target is taken as the size of the pattern itself. However, a retest of the falling channel line cannot be ruled out looking at the high RSI. Note: This is not a recommendation to buy or sell.
Bullish flag breakout observed at yesterday's closing played out very well.
Wave 3 is starting with initial expectation around 1000. Invalid below 885. Note- Do your own research before taking any trade.
My Wave count on COALINDIA for Medium Term. Disclaimer: Only for Educational purposes.
Good point for Wave (3) to begin. Invalid below 1.11862
Glenmark is looking to start Wave iii of 3 which is expected to be a big move. It can achieve 750+ levels. The view is invalid below 578. Note - This is not an investment advice. Please do your research.
BSE Healthcare index has broken out of a triangle resistance. Similar patterns visible in some stocks. We may be starting next leg of the rally.
Linde India is bottoming out near 20 week average and 38.2 retracement level cluster. From Elliot Wave perspective, the next move should either be 5th Wave or an explosive iii of 3. Targets and Stoploss marked on chart. PS: Not an investment advice.
Can the premium or discount in Index Futures tell us anything about upcoming market moves? Generally, when discount widens, the bearish mood of the market is increasing. When premium widens, the bullish mood of the market is increasing. However, sometimes premium may also fall due to: 1. When FII’s are long on the markets, they short Nifty futures as a hedge....