Lines are drawn . I don't have any opinion on index.
Markings are on chart. Based on Fibonacci. I think 4th is going on. Consolidation is the characteristic of 4th wave. Correction can be 38.2-50% of 3rd wave. In worst case scenario, it can be 61.8% . It should not touch high of 1st in any case.
It can be a multibagger. SL will be 44 on daily closing basis. 1st target 100. Please do your research before taking any trade. I have limited knowledge of technical analysis to interpret any set of data.
Tril is showing monthly + weekly breakout from horizonal consolidation. Good to see price sustaining above 50 mark.
72-64 is the zone to look for any kind of signal of diminished selling pressure. Long term buyers may enter around this zone.
bought today at 57.5 for target of 3-5 times of CMP. SL 25 . Will add more in dip . do your research before taking trade.
Buy at 374 sl 366.95 or buy abv 386 sl 366.95 Do your research. It's not an investment advice
Buy at 372 and 365 SL 340 Target 485. It's not an investment advise to buy or sell. do your research
Counter has given breakout from 2 years consolidation. It has potential to become multibagger. SL 49 on daily closing basis. Buy at opening. Disc : It's not an investment advise to buy or sell
177390-17430 to 17077. Expect Nifty to move up first to 17335 -17390-17430 and the. Start falling to test 16400 by 12 th Feb. Disc : it's not an investment advice to buy or sell
Sell on rise at 2346-2350 sl 2441 target 2100. Disc : it's not an investment advice to buy or sell
Sell with sl of 1185 for target of 1040. Disc : it's not an investment advice to buy or sell
Short LTI at 5700 stop loss 6025 target 4850. Disc : it's not an investment advice to buy or sell
Idea has broken abv important resistance with high volume.
Nifty is near to first major support around 16565-16620. This support zone also matches with upper trendline of rising wedge. Resistance line may become support for time being. Final major support is in the broad zone of 15900-15600. 15% correction from top is normal in bull market. 15800 is the level which comes after 15% correction. 16800 is 10% correction...
All the waves are marked on charts along with fibonacci. Waves are based on fibonacci retracement + trendline connecting 0 to 2 and 2 to 4. 1st wave extension of 1.618 where 3rd wave ended and horizontal correction started for wave 4. It was within boundary of 23.6- 38.2% retracement from bottom of wave 2 to top of wave 3. Wave 5 projections are based on wave 3....
Bearish patterns are drawn upsloping. Bullish patterns are drawn downsloping. BC is normally 0.382-0.618 of AB. BC of present upleg is closed to 0.618. Time hormony gives date of 26th Nov to form CD around 17230. I am using ABCD pattern for the first time. CD is not a target but just an estimation of downtrend if continues. You can't short on the basis of Bullish...