SirajHudda

SirajHudda

Hello, This chart analysis is especially for those who asked me about my view on BankNifty going forward after the big rally... My view is BankNifty should go high from here and make new highs and go towards 34000 as my target. Even if there is a deeper correction which I believe should not be the case, the view still remains to buy the BankNifty and look for...

SirajHudda

BankNifty has retraced almost 61.8% fib levels and gave a reversal candle stick pattern at those levels. This indicates the short term correction is over and would start a new upmove from here towards the target of 28700 levels for BankNifty. Keep a stoploss around 27000 and trade long for the targets.

SirajHudda

Kotakbank is going to give a big deeper correction towards 950 levels. I would keep a stoploss at 1360 and short Kotakbank at current levels or if it goes little higher. Happy Trading! Siraj Hudda www.wavetradingacademy.com

SirajHudda Updated 

BankNifty will give a short term Down Move any time now. One should take short positions on BankNifty with 300 point stoploss for target of 600 points or more. Happy Trading!

SirajHudda

Hello Traders, After the rally to 20,000 and a deep correction, completed Wave I and Wave II of Bitcoin and potentially started a new wave of which Wave 1 and Wave 2 is potentially complete, which then makes the next wave which is going to start soon or started just now Wave 3 of Wave III which is considered to be the longest and fastest Wave.. And given the...

SirajHudda

PCJeweller is a Buy Setup after a zigzag correction for a target of around 320 with Stoploss at around 138. Volatile Stock so trade based on your Trade Plan and Money Management Rules..

SirajHudda

Mindtreee is giving a buy for a target of 1000. Good Risk Reward.

SirajHudda

BEL has a buy setup for a short term trade. One can buy at current levels with stoploss around 146 and Target around 170 /175. Happy Trading!!

SirajHudda

Nifty would give bullish correction towards 10700 - 10850 range which is 50 to 61.8% Fib Retracement from where it might again start its down correction towards 10,000. Happy Trading!!

SirajHudda

After a Sharp Weekly drop last week nifty might consolidate with 50% upmove and if the upmove is a corrective wave pattern then a potential down move would take Nifty to test the previous breakout levels around 9100 levels in the coming weeks. The current down move can also turn out to be a side ways movement for several weeks which would mean new highs would come...

SirajHudda

Nifty is potentially making an ending diagonal or moving in a channel, in either case, the movement would be down for a while and then go higher or break down completely.. Look for trendline movement if it breaks above be with up trend but if it breaks the bottom trend line then I would try to get out of my long positions. Just my analysis and not a trade...

SirajHudda

Natural Gas would go down towards 2.146 for Wave C correction. Stop Loss can be just above the highs.

SirajHudda

Auropharma is giving a buying opportunity towards 50% retracement. One can go long at current price with stoploss below 620 and targets around 760. I could go even higher but conservative targets around minimum of 760. Buy & Hold with Stoploss. Happy Trading!!

SirajHudda Updated 

Zeel is giving a Buying Opportunity above 445 when it breaks the down trendline completing the current leg of correction. I would trade it long with a stoploss around 424 and Targets around 500/510 levels. This could be a corrective price action or a new impulsive wave.. Evidence will be seen as to which form of wave is forming based on the price action and how...

SirajHudda

Infratel is giving is buy setup of 15 min chart.. On a daily time frame the stock has completed it 5 way down move and could go up from here.. One can buy at current levels with stop loss around 280 and Targets at 330 / 350 levels.. Happy Trading!!

SirajHudda

AuroPharama is giving a Buy Setup!! One can Buy it at current levels with stoploss around 669 and Target around 790 levels.

SirajHudda

Arvind is giving a potential short setup on daily chart with Wave B up move completing at 61.8% fib levels and Wave C correction starting now going around the targets of 300.

SirajHudda Updated 

AuroPharama is giving a Potential Short setup for Wave C down for ABC correction. One can short at current levels with stoploss just above 731 and Target around 670.