TradingSutra

TradingSutra Updated 

Stock has given a fall in 5 waves and bounced in a three wave sequence. After the bounce rejected well & broken the support in today's session. This indicates stock is ready to fall further on the downside . One should go short with SL of 1740 & look for the target of 1600/1580-60

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Keeping SL of 0.71852 one should go short on AUDUSD for tgt of 0.70550. It looks like pair is corrective in a three wave fashion after formation of a leading diagonal.

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After rising in an impulsive manner & a thrust after a triangle suggests that stock has completed its impulse move of wave 1. Post this stock is likely to give three wave correction of which we have already seen wave A & B. One should go short on the stock keeping SL of 2817 & look for the target of 2625/2580 in the coming session.

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After rising in an impulsive manner EURUSD has given a fall which looks to be a corrective move of the previous rise. The correction is still pending & the pair is till expected to fall upto the level of 1.2700 in the coming session.

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From the highs of 150 stock has given a corrective fall as ABC three wave correction with c as an ending diagonal. One should go long near current level keeping SL of 93 & look for the target of 117/125/130.

TradingSutra Updated 

FSL: BULLISH ENGULFING on weekly time frame. C-wave completion & a break above previous 4th of c-wave suggests stock is reversing & is ready for resumption of its uptrend for a new high. STAY BULLISH or fresh buying should be done with SL of 150 & target for 220/240/300

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From the level of 2087 stock has broken the previous resistance in an impulsive manner & given a deep correction . After that there was an impulsive rise followed by another corrective fall. The current price action is showing the sign of completion of correction. One should go long on current levels with SL of 2190 & look for the target of 2350/2400/2450/2500

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Stock is rising in an impulsive manner and currently riding in a 5th wave of higher degree. One should buy the stock with stop loss of 500 & look for the target of 550/580.

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Formation of inverse H&S . Buy on cmp with SL of 37000 for tgt of 38800-39000

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After giving a terminal thrust out the bullish triangular wave stock is facing a sell off. One should go short with SL of 1955 & look for the target of 1800/1700 in coming sessions.

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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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Stock is rising in an impulsive manner and currently is in 4th wave. One should buy the stock with SL of 2560 & look for the target of 3000-3050.

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Stock has given a strong breakout of the pattern which is known as cup & handle pattern. The immediate target is 200-220 zone . One should buy the stock with SL of 130 & remain bullish.

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 rising in impulsive way. We can clearly spot impulsive nature of price action. Currently we can expect the 4th wave completion & the stock is rising up into its 5th wave. One should buy the stock with SL OF 580 & look for the target of 900-980 zone.

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Stock has violated the triangle scenario & broken the previous swing high. one should go long with SL of 1180 & look for the target of 1280/1320-50 zone

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Breaking out of the ending diagonal , Apollo tyres is all set to resume its lager uptrend. For short term buy with SL of 213 & look for the target of 235-240

TradingSutra Updated 

Stock is forming a bearish triangle. One can go short near 1140-45 keeping SL of 1185. for tgt of 1100/1065/1050-45