THIS UPMOVE CAN BE TAKEN AS WAVE 4 & A FINAL PUSH TO THE DOWNSIDE IS STILL PENDING. SELL FOR A THE TARGET ZONE OF 300-400 KEEPING SL OF 2300 ON MCX !
AVOIDING THE BELOW ZERO LEVELS. THIS UPMOVE CAN BE TAKEN AS WAVE 4 & A FINAL PUSH TO THE DOWNSIDE IS STILL PENDING. SELL FOR A THE TARGET ZONE OF 6-7 $. KEEPING SL OF 31$ .
SELL for the targets of 1300/1270/1230
As per the wave analysis , we are in the c wave of the corrective wave a-b-c. Moreover the wave c is developed as an impulsive wave for which the last 5th wave is remaining & it has been started already. Trading plan: SELL NEAR 465 -70 ZONE OR SELL ON ANY RISE NEAR 475-480 ZONE KEEPING THE STOP LOSS OF 486 FOR A TARGET ZONE OF 450/420/410
Broken the recent trend line showing weakness. Sell in the range of 360-70 , having a stop loss of 380 on closing basis for a target range of 330 . If it starts trading below 330, the downside target of 300 levels will be open .
SETTING UP AN EARLY TREND IN METALS. BUY IN ANY DIP FOR A TARGET RANGE OF 95-96 WITH SL OF 83.
Nifty forming a corrective triangular pattern. Holding the level of the 9000-9040 nifty can be long keeping a stop loss below 8900 for the targets level of 9300-9400. Holding the level of 9400 we can expect the target of 9600 & the ultimate target 9800.
Analysis mentioned in the chart. Breakout of the defending triangle will give a move of 2.5% on the downside around 104.45 . Failure of the pattern will give a target of the previous high of 109.45
As long as it holds the newly created channel, it will likely to continue its up trend. Take short position only if the channel breaks.