UNDERDOG-29

UNDERDOG-29 Updated 

STOCK IS MAKING ABC ZIGZAG, WAVE B OF WHICH IS FORMING TRIANGLE, ACCUMULATE AROUND 1020 WITH EXIT OF 970 AND TGT OF 1185

UNDERDOG-29

WXY DOUBLE ZIGZAG DONE@1227.LOOKS LIKE THIRD CORRECTION IS GOING ON IN INTERMEDIATE DEGREE WHICH IN ITSELF IS MAKING WXY OF LOWER DEGREE OF WHICH WAVE W AND X HAS BEEN DONE RULING OUT THE SCENARIO OF WAVE X BEING A TRAINGLE.FURTHER WAVE Y HAS STARTED AND 1:1 EXTENTION TGT COMES @ 1020 ALONG WITH 50% RETRACEMENT OF ENTIRE WAVE Y PRIMARY DEGREE COMING @ 1005.FRESH...

UNDERDOG-29

Scenario-1 wxy done,currently we can expect either another wave x in the form of ABC or this could be start of an new impulse. As of now stock has retraced 61.8% level of 1493, after giving up move till 1557.Now where this retracement will end cannot be predicted,but generally if 61.8% retracement level is considered to be a good support,hence i am projecting...

UNDERDOG-29

BANK NIFTY COMPLETED WAVE W(CYCLE) HAVING 3 SUB WAVES ABC(PRIMARY 3-3-5),AS OF NOW WAVE X CAN TAKE PRICES TO 35000 LEVELS IN 3 SUB WAVES(PRIMARY 3-3-3)TO FORM WAVE X.FROM THERE ANOTHER LEG ON DOWNSIDE IS SHOWING EVENTUAL TGT OF THIS PATTERN @ SUB 30000 LEVELS. AS OF NOW BANK NIFTY IS BUY @CMP OF 33450 WITH A STOP OF 32700 AND TGT 35000 ON THE UPSIDE.

UNDERDOG-29 Updated 

DOUBLE CORRECTION WXY HAS BEEN DONE ON BANK NIFTY @33360.SINCE THEN IT IS MOVING IN 3 WAVES MEANING WE WILL HAVE ANOTHER CORRECTION.SECOND CONNECTING WAVE X HAS TAKEN A FORM OF EXPANDING TRIANGLE OF WHICH A,B,C,D LEG'S ARE DONE.EXPECTING LAST LEG E BOUNCE ON BANK NIFTY FROM CURRENT PRICE OF 33540 TILL 34350 AFTER WHICH A BREAKOUT WILL OCCUR OR WE WILL SEE A START...

UNDERDOG-29 Updated 

BOUNCE TILL 10400 IS EXPECTED AS CMP IS 10000 WHICH IS 61.8% RETRACEMENT OF MOVE FROM 9841 TO 10265 ALONH WITH 1:1 CORRECTION TARGET FOR WAVE C OF RUNNING FLAT ABC CORRECTION.

UNDERDOG-29

BOUNCE FROM 14350 TO 14878 IS FORMED IN 3 WAVES MEANING PRICE WENT UP IN CORRECTIVE PATTERN.aLSO IT STOPPED @50% RETRACEMENT OF WAVE W(15430-14350) AND GENERALLY CONNECTING WAVE X STOP'S @ SAME LEVELS MEANING WAVEX HAS ENDED AND AS OF NOW WE ARE IN WAVE Y.THIS WAVE Y CAN EITHER BE ANT FLAT OR ZIGZAG CORRECTION,HERE I HAVE CONSIDERED IT TO BE A ZIGZAG,SUB-WAVES OF...

UNDERDOG-29

LONG NIFTY FOR 15035 TARGET SL OF 14700.CMP 14800

UNDERDOG-29

LIKHITHA INFRASTRUCTURE COMPLETED IT'S 5 WAVE IMPULSIVE MOVE AT 358.LONG'S SHOULD BE LIQUIDATED ON IMMEDIATE BASIS AS IN COMING DAYS AN ABC CORRECTION CAN TAKE PRICES TO ATLEAST 277 LEVELS(38.2% RETRACEMENT OF ENTIRE IMPULSE).

UNDERDOG-29

NIFTY CAN BOUNCE TILL 15100 IN SUB WAVE B OF WAVE Y OF WXY CORRECTION.LONGS CAN BE INITIATED WITH 14590 AS SL AND 15100 AS TGT FROM CMP OF 14700.

UNDERDOG-29

BANK NIFTY HAS COMPLETED SUB WAVE A OF ZIGZAG CORRECTION IN WAVE Y,EXPECTING WAVE B BOUNCE WHICH CAN TAKE CMP 33500 TO 35000.INITIATE LONG WITH 33300 SL AND TGT OF 35000

UNDERDOG-29

BAJAJ-AUTO HAS COMPLETED 5 IMPULSIVE WAVE AND CURRENTLY IS MAKING ABC ZIGZAG CORRECTIVE PATTERN ON DAILY CHART.AS OF NOW IT HAS COMPLETED BAJAJ-AUTO CAN RISE FROM CURRENT PRICE OF 3650 TILL 3950 WHILE FORMING WAVE B IN 3 SUBWAVE FOLLOWED BY 5 WAVE DOWNFALL TILL 3150(1:1 EXTENTION OF WAVE A FROM WAVE B TOP). CURRENTLY 2 HOURS CHART IS SUGGESTING LONGS CAN BE...

UNDERDOG-29

CNX IT IS DISPLAYING DOUBLE CORRECTION WXY TYPE OF PATTERN OF WHICH WAVE W AND WAVE X HAS ALREADY BEEN FORMED.WAVE Y SUB WAVE A CAN TAKE PRICES TO 23850-23650 ZONE AFTER WHICH A BOUNCE CAN COME EVENTUALLY FOLLOWED BY WAVE C DECLINE TO WAVE A LOW'S OR TILL 21950-21800 ZONE.

UNDERDOG-29

WIPRO IS MAKING DOUBLE CORRECTION WXY PATTERN.WE ARE IN WAVE Y OF WHICH SUB WAVE A HAS BEEN FORMED.WAVE B BOUNCE WILL TAKE PRICES BETWEEN 422-433, SHOULD BE USED TO EXIT LONG POSITION AFTER WHICH A FALL TOWARDS EVENTUAL TARGET OF 385 WILL COME.SHORT TRADE CAN ALSO BE TAKEN IF PRICES DOESNT CROSS 433 LEVEL AND GIVES CONFIRMATION THROUGH DAILY CANDLE AND VOLUMES.

UNDERDOG-29

WAVE 2 WXY EXPANDED FLAT CORRECTION GOT COMPLETED ON INTERMEDIATE DEGREE(PURPLE LABEL) INITIATE LONG(INTERMEDIATE DEGREE) @CMP OF 625,TGT-786,STOP LOSS-584. INITIATE LONG(PRIMARY DEGREE)@CMP OF 625,TGT-815,STOP LOSS-508 INITIATE LONG(CYCLE DEGREE)@CMP OF 625,TGT-893,STOP LOSS-400 ALL TARGET ARE OF WAVE 3.TARGET CALCULATED ON THE BASIS OF 161.8% EXTENSION OF...

UNDERDOG-29

WXY EXPANDED FLAT CORRECTION'S TARGET OF 161.8% EXTENTION OF WAVE W HAS BEEN ACHIEVED @1074.00.STOCK HAS BOUNCED FROM THIS PRICE AND HAVE FORMED SORT OF HAMMER PATTERN WITH LONG TAIL INDICATING WAVE 3 IS BEGINNING TARGET FOR WHICH COMES @ 1440.INITIATE LONG @CMP 1112 WITH STOPLOSS OF 1010 AND TARGET OF 1440.RISK REWARD ON THIS TRADE IS EXCELLENT.ALSO COMPANIES...

UNDERDOG-29

AFTER COMPLETING WXYXZ STOCK FELL ON HEAVY VOLUMES ON 4TH FEB AND MADE BIG BEARISH CANDLE.GENERALLY MID POINT OF SUCH CANDLES ACT AS A RESISTANCE WHICH WAS EVIDENT IN A SUBSEQUENT BOUNCE. AS OF NOW STOCK IS TRADING IN A RANGE OF 197-231.YESTERDAY STOCK GAINED 4.5% AND CLOSED NEAR IT'S HIGH ALONG WITH DECENT VOLUMES.LONGS CAN BE INITIATED WITH 195(61.8% RETRACEMENT...

UNDERDOG-29

POSSIBILITY OF WAVE Y IN PROGRESSION. SUB WAVE C OF WAVE X HAS NOT CLOSED ABOVE 161.8% EXTENSION OF WAVE A IN CONNECTOR WAVE X ON WEEKLY TF. INVALIDATION WILL OCCUR IF PRICE CLOSES ABOVE 1410 ON DAILY TF,WHICH WILL RESULT IN CHANGING THE ENTIRE LABELING OF CORRECTION TO ABC FROM WXY. IF HOLDING LONG THEN ONCE SHOULD LOOK TO EXIT BETWEEN 1360-1370 AND WAIT TILL...