TradingSutra

TradingSutra Updated 

After a FLAT correction , prices are rising in an impulsive manner. Stock is likely to continue on the upside in the coming days and weeks. Buy on cmp add on dips and look for the upside target of 3460/3550 in the coming weeks. Maintain SL of 3120.

TradingSutra Updated 

Stock has formed a Head and shoulder pattern who se neckline is identified at 553. A sustained move below 553 shall bring the stock down towards the measured target zone of 493-95 THEORY: This pattern forms after an extensive upside rally. It consists of a left shoulder, a head, and a right shoulder. The left shoulder is formed after a big bull rally in which...

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Stock has given a sharp downside move few weeks ago in an impulsive manner. After that stock has bounced back sharply in a three wave corrective structure and halted near 61.8% fibonacci retracement level and retreated lower. Stock is likely to fall towards 3300 and 3200 in the coming weeks.

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Stock is forming higher highs and higher lows which is he basic definition of an uptrend and has given a breakout of 15 years of range in an impulsive manner. The impulse unfolding will have a five structure of which 'Third-wave' is still unfolding. As we already know that Third waves are the wonder to behold, the Stock has a potential to reach 220-240 in the...

TradingSutra

Stock has given a breakout of 15 years of range and rising in an impulsive manner. The impulse will be unfolding into a five structure of which 'Third-wave' is unfolding. An we already know that Third waves are the wonder to behold. Stock has a potential to reach 220-240 in the coming 1-2 years. On the downside major support is at 75. Only a sustained closing...

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Stock has retraced to 78.6% Fibonacci retracement of the first 3 leg on the downside. This suggests that stock is correcting into a complex flat corrective structure which can take the prices towards the level of 95 and 80 zone. On the upside key level is 135 for invalidation of this view.

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STRATEGY: BUY CMP i.e. 985-980 SL:905 TGT: 1130-1150 Theory: The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup...

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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...

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After a 5-waves up stock has corrected to 50%-61.8% Fibonacci retracement level and bounced back forming HH HL. Considering the rise as wave-1 and the fall as wave-2 , the current bounce is suggesting that stock is unfolding it's 3rd wave which shall take the prices towards 2230-50 zone in the coming weeks. TRADING STRATEGY: Buy near 1970 , SL: 1830 TGT: 2230-50/ 2480

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After the completion of a corrective rise in the first week of Jul'23 the currency pairs is forming lower lows and lower highs in an impulsive manner. We can count a five structure in the internals of each leg. Also we have a bullish outlook on AUDUSD then we must go short USDCAD as both the pairs are negatively correlated. One should go short on current levels...

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AUDUSD is rising in an impulsive manner and is heading towards 0.70 zone. The current price action suggests that a third of a third wave is unfolding from 0.659 odd levels. Keeping SL of 0.6745 one should buy AUDUSD and look for the target of 0.700 and 0.7050 in the coming days.

TradingSutra

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...

TradingSutra Updated 

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...

TradingSutra

Stock is has formed a bullish flag pattern on 4H chart being the support region near 455 zone & resistance area at 474 zone. Any sustained move above the level of 475 will lead the stock towards 500/520/560 in a very sharp upside rally. Trading strategy: Buy on cmp 473-74 with SL of 455 and look for the immediate target of 500 and later 520/560. The measured...

TradingSutra Updated 

After breaching the all time high of 2086 formed on Feb'2020, stock is correcting lower in a Complex-Corrective-Wave - WXY structure. Stock is already concluded its Wave-X at the high of 1925 and currently unfolding into Wave-Y of which wave-b is taking a formation of a Bearish Triangle . The measured target where Wave-W becomes equal to Wave-X is coming in...

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From Jul'22 low of INR 877 prices have retraced to Fibonacci 61.8% retracment level positioned at 1150 zone and formed a potential double top structure. Prices have also formed a Rounding Top pattern whose neckline is in the region of 1101-1100. The measured target for the pattern is coming in the region of 1050-1045 where its 200-EMA is also positioned As per...

TradingSutra Updated 

Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) of Elliott Wave analysis, but they may or may not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 almost all the time...

TradingSutra Updated 

Stock is falling in an impulsive structure Dec'22 high of 529. The impulsive structure suggests that a larger correction is going to occur in the coming weeks. As per the current price action prices have already concluded its 4th wave at 557 and is now ready for its 5th wave. Alternatively prices are likely to unfold its 4th wave as Bearish Triangle which will...