TradingSutra

TradingSutra

ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal...

TradingSutra Updated 

ENDING DIAGONAL : This is the most common diagonal that can be found out at the ending of a main trend or main correction. It consists of all the waves 1-2-3-4-5 in a single or multiple zigzags. They can be found placed at 5th wave of an impulse wave or can been seen as a wave ‘C’ of a corrective waves zigzags or flat. After the termination of the ending diagonal,...

TradingSutra

A breakout from an ascending triangle suggest , stock is ready to move higher. one should go long on current levels & add on dips. Maintaining SL of 715 one should target for the zone of 945 which is the measured target for the pattern.

TradingSutra Updated 

Expecting prices to face a resistance newar 1460-1480 zone . One should short the stock keeping SL of 1550 & look for the tgt zone of 1350-1320 area.

TradingSutra

We can clearly identify a five wave structure . No matter which degree wave it is , but after every five waves up there should be a three wave correction. On a lower degree the nature of fall suggests that the correction will be most likely a zig-zag correction. One should go short on current level or on any rise keeping SL of 3500 & look downside for the...

TradingSutra

Every impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are – 1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1. 2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one. 3. Wave 4 never intervene into...

TradingSutra

Every impulse wave follows some set of rules which we call them as SUTRAS for wave analysis. They are – 1. Wave 2 cannot move beyond the starting level of the wave 1. That means wave 2 never retrace 100 % of the wave 1. 2. Wave 3 is never the shortest one among the wave 1,3 & 5. It does not mean that it has to be the longest one. 3. Wave 4 never intervene into...

TradingSutra

The five wave structure suggests stock is rising in an impulsive manner. As of now stock is in its third wave . One should go long on current levels with stop loss of 165 & look for the targets of 200 and 245 zone.

TradingSutra Updated 

one should go long on current levels with SL of 4730 for the tgt of 5000/ 5150

TradingSutra

Stock has formed an ending diagonal pattern. One should go long on cmp i.e. 740-42 keeping a stop loss of 720 & look for the target of 770-75 zone !

TradingSutra Updated 

Pattern failures are more profitable than regular trading patterns. One of the phenomenon can be seen on CHOLAFINANCE chart. A Head and shoulder pattern formation followed by a breakout of the neckline. But the prices immediately came back above the neckline & holding it successfully. This can be taken as pattern failure for H&S formation. One should go long with...

TradingSutra Updated 

After forming a temporary top near 1548 zone , the stock has given an impulsive fall. This suggests there should be a zig-zag correction. One should buy the stock on current levels with SL of 1370 & look for a target of 1455-80 zone.

TradingSutra Updated 

GBPUSD has formed a bullish triangular pattern. Usually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter...

TradingSutra Updated 

The current structure looks like an ending diagonal which suggests that there should be a pullback to the origin of the diagonal. One shold go long on current levels with SL of 1.259 for tgt of 1.269/ 1.271

TradingSutra Updated 

We can see a clear 5 wave structure on upside. This suggests that there should be a three a wave downside correction . One should go short on any bounce with SL of 152.6 for tgt of 151- 150.8 zone .

TradingSutra

After taking the support near 665 zone, stock is forming HH HL on shorter time frame which can be taken as first signal for short trend reversal . one should go long on cmp with SL of 740 & look for the tgt of 780/800 zone.

TradingSutra

After completing the expanded flat pattern, TATA MOTORS has given a HH HL sequence which suggest that stock is ready to continue its uptrend. Buy on cmp add on dips (if any) . Keeping the SL of 294 look for the tgt of 380's - 400 zone

TradingSutra

After falling to the level of 1391 in an impulse manner there is a pullback to the level of 1454 in a three waves . The pattern suggest that the stock is forming a zig-zag corrective pattern. One should go short on cmp i.e. 1430-31 with SL of 1455 & look for the tgt of 1365 zone.