USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
JAIPRAKASH ASSOCIA, SOUTH INDIA BANK, ADANI POWER LTD, RELIANCE COMM LTD, DEWAN HOUSING FIN, SUZLON ENERGY LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
At the onset, I want to make it clear that EW count on hdfcbank is a tough job because of the exponential nature of the price curve. What i have presented below is just a thought experiment. No trade is intended or suggested.
The chart here is the post demonetisation rally (jan 2017 onwards). 3 waves seem to be complete with wave 4 underway. My basic premise is ...
Axisbank has seen 3 days of sharp decline. It took a momentary pause at 504; below are some reason why I think 504 was imp
1) Based on pure price action 504 was a support level
2) EW count - as seen in the chart C=1.618A at 504
3)In the zoomed out version below, we can see that 504 was the level where axis broke out from a falling ...
tatamotors is sitting at some decent support levels. Bounce possible
Hope chart is self explanatory... I expect a gapup tomorrow ( sort of an island reversal)
~22500 levels should offer some support...given the high vix, this could come next week itself!
Auropharma long term charts suggest that we might be at the beginning of W5 in the super cycle
Hope the charts are self explanatory
On long term charts, axisbank might be completing wave 4....if 490-500 zone holds, we can see a fresh bullish moves beyond All time highs.
LT is trading above a 6 month old support zone . One can go long with a Stop loss just below recent low.. If it breaks below support zone it can be shorted
relinfra is consolidating inside a triangle..It is also being held down by a falling trendline resistance.
Wait for BO from the triangle..then buy for target of 500.
Axisbank brokeout from a falling trendline resistance..Also note RSI divergence... Offers a chance to go long with a very small SL.
Indusindbk has formed a bearish head and Shoulders pattern. Could be shorted with SL just above the neckline.
ICICIbank has possibly ended a ABC correction. Upside likely from here
CNXpharma has possibly bottomed out at 8315; atleast for the medium term
1. Completion of ABC correction (A=C)
2. Recent low at 8315 sits rights above a major consolidation zone
3. Recent Low also falls along a trendline support
4. RSI divergence on weekly and daily charts
A full EW count is not possible since the index is barely 4 years old and its ...
EW count should be self explanatory.
Target is based on the Breakout from triangle consolidation on weekly charts. https://in.tradingview.com/x/dm0Adi4E/
BPCL has completed Cycle wave 3 earlier this year. W5 of this cycle W3 was substantially extended.
Consequently the correction in the form of W4 would also be substantial.
As shown below in the 15 min chart, first set of ABC correction is already complete. The stock should now consolidate for next few days with upward ...
Copper has completed abc correction that began in early 2016. It is also at the top of a LT channel. Copper seems to have started a corrective (possibly impulsive) move from 2.8 highs; this should take it to a target of 2.49 in the short term(also a strong support zone)
Biocon is in the midst of Cycle wave 3, consequently we have seen solid momentum since early 2016 in this stock.
Hopefully, the EW counts are self explanatory. We should see a pause to the rally in the short term.Traders should short the scrip for targets below 1000 (possibly upto 900). Investors can accumulate in 800-900 ...