UNDERDOG-29

UNDERDOG-29

Stock has hit all time low during covid fall.Since then it has started an impulse which has so far sub-divided in three lower degree's,there by making 1-2(1-2(1-2)) structure.Reason for taking this price movement as an impulse is every retracement is followed by an advance of more than 161.8% extention of it's prior raise. Hence currently we are in 3 of 3 of...

UNDERDOG-29 Updated 

Paras Defence has completed it's regular ABC correction post and 5 wave impulsive raise.Going aheadwe can see another impulse unfolding which can take price to 1042(in case of current structure being a zigzag) or till 1291(in case of wave 3 of an impulse). Invalidation of this view comes at 610 levels,hence a downside stop loss of 22% can yield an upside target...

UNDERDOG-29

Primary degree:Green Intermediate:yellow Minor:Red Currently we are in minor 5 of intermediate 5 of primary 3.Price wise we have seen 361.8% extension of primary wave 1 in primary wave 3. Going ahead if minor 2-4 trend line is broken then we can see start of Primary wave 4 which can take prices between 90-70.One should avoid going long at current levels and wait...

UNDERDOG-29 Updated 

I have tried labelling ESCORTS since inception. Primary Degree:Yellow Intermediate Degree:Purple Minor Degree:White After a complex WXY correction on primary degree that lasted for 15 years,Escorts gave break our in June 2015 and since then we are seeing an impulse unfolding in an 5 wave up move.Of this impulse on primary degree,wave 3 have been extended,post...

UNDERDOG-29

Primary 5 intermediate 5 is about to being once we get a wave 4 triangle breakout.Price above 232 would be a signal to go long with a stop-loss of 203 for a target of 300+ level. Disclaimer:This are just my views on the stock,no postion should solely be taken on its basis.posting this for my future reference.

UNDERDOG-29 Updated 

Cycle Degree:Blue Primary impulse:red Primary Corrective:Yellow Monthly chart of Tata Steel is suggesting price raising in zigzag corrective pattern on cycle degree of which we are in wave C shown here in blue.As zigzag being a 5-3-5 pattern wave C is unfolding in an impulsive manner on primary degree shown here in red.This impulse has completed wave 4 recently...

UNDERDOG-29

Cycle Degree:Yellow Primary:White Intermediate:Orange Minor:Blue Currently we are in Cycle degree wave 3 which started from 2013, of which we have surpassed 161% extention target,hence next target of 261% extention is coming at 6259. As can be seen this cycle wave 3 has been sub divided in 5 intermediate impulsive waves shown in white.Currently on intermediate...

UNDERDOG-29

#Evidence of bottom and trend reversal *As shown in the chart stock price has started forming higher high's and higher low's (3 higher high's and 3 higher low's) *Stock giving break out of bottom reversal inverse head and shoulder pattern,by clearing multiple previous pivot high's neckline *Stock crossing 200 EMA,re-testing it and moving back above it making...

UNDERDOG-29 Updated 

Kotak bank has an new impulse cycle on primary degree of which wave 2 has retraced wave 1 by 80%(price level coming around 1750).Also this wave 2's sub-wave A's 100% projection for sub wave C from sub wave B top is coming at 1740. Stock in today's session has managed to hold this level's and is making new high's through out the day.One can initiate long at CMP of...

UNDERDOG-29 Updated 

Tatasteel has completed complex corrective pattern on higher degree when it went past 124 wave X peak managed to close above it.As can be seen stock is making higher highs and higher lows since the completion of wave y of WXY correction on intermediate degree. Post break-out we are seeing a pullback in the form of wave 2 which is taking support at the same 124...

UNDERDOG-29

As evident,stock on weekly chart has came out of corrective wave B or wave 2 triangle(low chances) as it has breached B-D trendline along with wave D pivot high, and going ahead we can see an impulsive rise unfolding in the form of wave C or wave 3(again low chances).One can enter stock at current levels of 20.30 and any retracement in the form of lower degree...

UNDERDOG-29

As labelled it seems like minute wave 4 has taken a form of zigzag whose minuette wave C target of 100% extention of minuette wave A is achieved post which we have even taken out sub minuette wave 4 pivot high of 19233. Going ahead we can see this minute wave 5 taking price to 20500 odd levels.One should look to go long on a dip towards 19200. Disclaimer:This...

UNDERDOG-29

Cycle wave 1 range: 11108-39444,Currently We are in Cycle wave 2(Not shown) Primary wave B(Red) Intermediate wave C(Orange) Minor wave 5(White) Going by the internal structure it seems like cycle wave 2 is taking a form of zigzag correction where in we are almost done with primary wave B.Going ahead we can see a impulsive fall in the form of primary C which can...

UNDERDOG-29

Primary degree:yellow Intermediate degree:White Minor degree:Red We are currently in Primary wave 3,Intermediate wave 5.Primary wave 3 has seen extention and has crossed 261.8% extention level and going ahead we can expect this extention to 361.8% which is coming at 818 level. Stock has given a fresh breakout last week and this week we are seeing retracement in...

UNDERDOG-29 Updated 

Intermediate Degree pattern:Zigzag Minor Degree Pattern:Regular Flat Minute Degree pattern:Impulse Currently minor degree wave c is going on and on minute degree it seems like we are in wave 5 of impulsive decline,meaning minor degree flat pattern can end soon and intermediate degree wave C advance can commence soon. Go long once index closes above 29000,with...

UNDERDOG-29 Updated 

Tatasteel has started an fresh impulse post a complex WXY correction running on intermediate degree there by completing wave 4 on Primary degree.Evidence for this is trend-line breach along with price challenging wave X high. This fresh impulsive move has taken a form of leading expanding diagonal which has marked the start of wave 5 on primary degree.Of this...

UNDERDOG-29

Nifty surely is out-performing broader world market,however it is loosing it's steam.I have tried to label entire raising sequence from 16900 low and it seems like we are in sub-wave 5(minute degree) of wave 5(Minor degree). On momentum front we are seeing negative divergence along with raising wedge like structure.Trigger point would be close beyond 18872-18555...

UNDERDOG-29

On weekly chart Kotak Mahindra Bank has given break out of the falling trend-line and has given a close above it suggesting end of end cycle degree wave 2 or cycle degree zigzag wave B. In both the case's we can expect price's to show an impulsive raise in coming days which can take prices to the levels of 2785(incase of zigzag wave c by August 2024.) and...