TradingSutra

TradingSutra

USDCAD trading in a parallel channel and it looks like the correction is still pending. Rejected from the previous resistance zone USDCAD is likely to trade lower in the coming sessions. Trading strategy: Keeping SL of 1.295 any rise should be taken as selling opportunity for the target of 1.28500/ 1.28000

TradingSutra

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) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...

TradingSutra

The current upmove is just a retracement going on of the previous fall. Bears will soon take the control over the index in coming weeks for more downside levels. The bottom is not done yet.

TradingSutra

Stock has breached the neckline of the H&S on weekly time frame.

TradingSutra

After a strong rally , USDCAD currency pair has formed an Expanded flat structure and is likely to trade lower in its wave-c in the coming trading sessions. Go short on cmp with SL of 1.30800 and look for the tgt of 1.28500

TradingSutra

Stock has broken the important support area of 200 and is vulnerable to get more sell off in the coming months. Any rise should be taken as exit/selling opportunity as the stock is heading towards its previous support zone of 160/140 area. On the upside 230-245 will act as a strong resistance in the coming months.

TradingSutra Updated 

The pair has formed a corrective structure which suggests that a double three is going to unfold. One should go short on the pair with SL of 0.8589 and look for the target of 0.83900

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

Index is unfolding as a leading diagonal of which 4th wave is already concluded and right now we are into the last stages to complete the 5th wave of this leading diagonal which will bring the index below the level of 30635 in the near term. Traders should remain short for the minimum target region of 30600-30000 in the coming weeks with stop loss of 32600.

TradingSutra

Auto index showing sign of exhaustion. Hammer candlestick near the resistance zone. Short the rally near the resistance is the right strategy in the bear market.

TradingSutra Updated 

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 the volumes are quite large. At the end of the left shoulder, a minor correction takes place on the downside which happens on the low volumes comparatively the starting of the left...

TradingSutra Updated 

Eu is going to have a correction on the downside for the previous rise . One should go short on current levels with day high SL and look for the target of 1.06 atleast

TradingSutra Updated 

GBPUSD is going under a FLAT corrective structure (EXPANDED FLAT). One should go short on current levels with day high SL & look for the target of 1.246 at least.

TradingSutra Updated 

Stock has given a breakout of the rectangular range consolidation. One should buy the stock with SL of 485 and look for the target of 650-80 zone.

TradingSutra

TRADING STRATEGY: Sell on rise keeping SL of 174 and look for the target of 145 zone in coming trading sessions 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) for wave analysis, but it does not follow the third one i.e. Wave 4...

TradingSutra

It seems a five waves impulsive wave has been concluded in the zone of 260. One should avoid fresh buy positions at these levels as there is fair possibility that stock will move in downward direction in three waves to complete the correction of the entire rise.

TradingSutra

Stock is falling in an impulsive way. One should go short with SL of 140 and look for the target of 110/99

TradingSutra

TRADING STRATEGY: Sell on rise keeping SL of 3230 and look for the target of 2530/2350 in coming weeks. 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) for wave analysis, but it does not follow the third one i.e. Wave 4...