Stock is forming an inverse H&S . One should buy the stock near 146-147 zone keeping a SL of 138 & look for the measured tgt of 160 .
Axis bank is heading towards its all time highs in an impulsive manner. One should go long on cmp with SL of 750 & look for the tgt of 850
An impulsive rise from the recent bottoms & a formation of ending diagonal. one should go short with SL of very recent top i.e. 414 & look for the tgt zone of 398/380
A steep fall which can be counted as 12345 impulse , suggests that vedanta stock is taking a correction in the form of a ZIGZAG pattern. The current rise looks like a corrective sequence of short term bearish trend which will complete this zigzag correction. One should look for short opportunity near 310 zone. keeping sl of 328 & target for the region of 260 /240 .
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 , a swift & a...
A formation of ending diagonal spotted on GMDC chart. Buy with SL of 62 for tgt of 81-82. Stock can break the recent highs.
On a lower degree we can see a five wave structure on the upside & after a five wave structure one should expect at least a three wave down move. As per the current structure one should go short on pvr keeping sl of 1350 for tgt of 1315/1308 .
After an impulsive move AUDUSD should head south for a three wave correction. Keeping a SL of 0.72810 one should sell the currency pair for tgt of 0.72000
The stock is moving in an impulse & right now it has just completed its 4th wave as a triangular stucture. BUY HDFC BANK: 1555. SL: 1533 TGT: 1575/1590 .
After forming a high of 501 stock is falling in a corrective manner. This correction should reach upto 50% of the previous rise i.e. 50% of the distance travelled between wave 2 and wave 3 . The correction can be extended to the previous 4th of the lesser degree i.e. the region of 300 zone .
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, a swift & a sharp...
Stock has given a breakout in previous session & in today's session it has given closing above the previous resistance, confirming the breakout. One should go long on cmp with sl of 900 for tgt of 1000/1050.
From the highs of 1125 made in june 2021 , stock had given a fall to 984 levels & then rebound in a choppy manner to the level of 1080. Right from there we have seen an impulsive fall & stock has broken the support zone of 1000. This level will act as resistance & stock will likely to fall further and will reach to the zone of 940-20 again. One should short...
Stock has completed its 4th wave & is ready to move in higher for 5th wave. Sustaining above 1440 will bring the prices up for the tgt of 1500/1550. even higher. One Should buy the stock with SL of 1380 for tgt of 1500/1550
STOVE KRAFT: Very nice impulsive move , buy on any dip near 730 keeping a SL of 680 & hold for the tgt of 960 . Long term investor should hold for higher tgt of 1100-1200 .
CRUDE OIL: EDNIGIN DIAGONAL : MY FAVOURITE ! Go long with day low SL 67.5 $ for minimum target of : 70.85 $.
AXIS BANK is forming a corrective structure . One should go short with the sl of 745 for the tgt of 680/650/630.
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 the position comes when the price gets close above...