UNDERDOG-29

UNDERDOG-29 Updated 

LUPIN HAS FALLEN WITH LOW VOLUMES TO 138.2 % RETRACEMENT LEVELS WAVE C OF WAVE B AFTER WAVE B RETRACING 123% OF WAVE A MAKING EXPANDED FLAT WAVE 4 CORRECTION. FROM HERE WAVE 5 BOUNCE CAN COME WHICH CAN TAKE PRICE TO 1256 LEVELS BUY ONCE PRICE STARTS TRADING ABOVE 1162 WITH A CLOSING STOP OF 1135 ON THE DOWN SIDE WITH AN EVENTUAL WAVE 5 TARGET OF 1256. NOT...

UNDERDOG-29 Updated 

RELIANCE HAS ACHIEVED IT'S WAVE C TARGET FOR AN ELONGATED FLAT @ 2066 AND LOOKING AT THE OVER ALL STRUCTURE IT SEEMS LIKE WAVE 5 MIGHT COMMENCE SOON. ON HOURLY CHART IF TODAY WE GET A CLOSING ABOVE 2100,THEN IT START WAVE 5,HENCE KEEP AN EYE ON THE STOCK AND ENTER ONCE 2100 IS CROSSED ON HOURLY CHART FOR AN UPSIDE TGT OF 2180 AND 2300 WITH A CLOSING STOP OF 2060...

UNDERDOG-29

EICHER MOTORS HAS BEEN IN A MOVING IN SIDE-WAYS AND COMPLETED COMPLEX CORRECTION DOUBLE CORRECTION WXY. TYPICAL TGT OF 1:1 EXTENTION OF WAVE W FROM WAVE X TOP FOR SECOND CORRECTION Y HAS BEEN ACHIEVED IN TODAY'S TRADING SESSION @ 2609. OVERALL THERE IS A CHANNEL SUPPORT ALONG WITH PREVIOUS BREAKOUT/RASISTANCE TURNED SUPPORT @ 2600-2610 ZONE. RSI IS OVERSOLD AT...

UNDERDOG-29

AUROPHARMA COMPLETED DOUBLE CORRECTION WXY BY ACHIEVING THE EXTENTION TARGET FOR SECOND CORRECTION Y @ 938 AND HAS BOUNCED FROM THERE. THERE WAS A POSITIVE RSI DIVERGENCE SIGNALLING END OF CORRECTION OR A MAJOR MOVE. STOCK AFTER COMPLETING 7 SWING CORRECTION IS LOOKING GOOD FOR A DECENT BOUNCE TILL 1010 FROM CMP OF 970. AS OF NOW ONE CAN GET LONG @CMP OF 970...

UNDERDOG-29

PRICE OF BAJAJ AUTO HAS FALLEN IN THE TYPICAL TARGET AREA OF 100-123% EXTENTION ZONE OF WAVE A FROM WAVE B TOP. RSI IS SHOWING POSITIVE DIVERGENCE. LOOK FOR BULLISH REVERSAL CANDLE LIKE HAMMER OR ENGULFING OR BULLISH PIERCING ON CHART AND WAIT FOR IT TO GIVE A STRONG CLOSE. AT THIS TIME FORM MEDIUM TERM PERSPECTIVE ONE CAN START ACCUMALATING THIS STOCK AND CAN...

UNDERDOG-29

AFTER WAVE A 5 WAVE IMPULSE STOCK HAS BEEN CONSOLIDATING FROM LONG TIME AND HAS MADE ASCENDING TRIANGLE SORT OF PATTERN FOR WAVE B OF ZIGZAG.LOOKS LIKE WE CAN GET ANOTHER 5 WAVE IMPULSE FOR WAVE C WHICH CAN TAKE PRICE TO 340 A TYPICAL 1:1 EXTENTION OF WAVE A FROM WAVE B END. ONE CAN GET LONG @ CMP OF 272 WITH A CLOSING STOP OF 239 ON DOWN SIDE AND TGT OF 292 AND...

UNDERDOG-29 Updated 

stock is moving in side-ways making triple correction during the process. current structure:wxyxz triple correction. current leg:C leg of third correction z longs can be initiated above 1970,with a stop-loss of 1910 on the downside on 2 hr candle closing, with a target of 2100. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study...

UNDERDOG-29

After momentum divergence and 2-4 trend line breach bank nifty trend has been side ways to downside. so far it looks like bank nifty is making double correction WXY, of which wave W and X is done and Wave y sub-wave A is done and Wave y sub wave B is going on,which should be used to exit long's previously hold. Now where this wave B will end cannot be...

UNDERDOG-29

Negative divergence on RSI for wave 3 and wave 5 was indicating weakness which is confirmed when wave 2 & 4 trend line got broken in less time than wave 5 took to form.However wave 4 low's has not been taken taken out in less time than wave 5 took to form indicating current fall is correction and not major trend reversal. Question is what form will this...

UNDERDOG-29 Updated 

STOCK HAS STARTED MAKING HIGHER HIGH AND HIGHE RLOWS INDICATING SHIFT IN THE MARKET STRUCTURE. A TRENDLINE BREAKOUT OF WXY CORRECTION WAS SUPPORTED BY TREMENDOUS VOLUMES.RSI IS FINDING SUPPORT@ 50 LEVELS AND STOCK TRADING ABOVE 20 SMA AND COUPLED WITH POSITIVE CROSS OVER OF 5 AND 20 SMA IS INDICATING STRONG MOMENTUM. BUYING STOP LOSS SHUD BE 1665 ON DAILY...

UNDERDOG-29

INFO EDGE HAS BEEN IN AN CORRECTION FROM LONG TIME(6 MONTHS).AS OF NOW IT LOOKS LIKE W-X-Y DOUBLE CORRECTION'S SECOND CORRECTION Y IS GOING ON. CURRENT STRUCTURE:W-X-Y.Y(C WAVE) YESTERDAY'S TRADING MOVEMENT AND EOD CANDLE STICK SUGGEST THAT WE ARE DONE WITH WAVE B OF SECOND CORRECTION(FLAT).PRICE HAS EXACTLY STOPPED @ PREVIOUS TOP OF CONNECTING WAVE X TOP. ONE...

UNDERDOG-29

LOOKS LIKE PRIVATE BANKS IS THE PLACE TO PARK YOUR MONEY IN!!!! HDFC BANK @ CMP 1490 IS LOOKING GOOD FOR LONGS WITH 1465 CLOSING SL AND TGT OF 1600 AND BEYOND(DEPENDING UPON THE NATURE OF PATTERN PRICES ADAPTS) REST EVERYTHING IS SHOWN IN CHARTS. TRADE WITH PROPER RISK MANAGEMENT AND MONEY MANAGEMENT RULES. PS:bY MISTAKE I HAVE SHOWN SECOND abc IN HIGHER...

UNDERDOG-29

Since March 21 CDSL is making higher high's and higher lows,during consolidation triangle pattern is formed and till now it has successfully given breakout on the upside of 4 previous triangles.We are in a fifth triangle. Average time taken by previous triangles to form: 9.25 days Average return from triangle breakout:14-15% Maximum time taken after breakout:...

UNDERDOG-29

Sparc after consolidating and squeezing,has crossed it's previous week high of 232.00.longs can be initiated with a target of 340 and sl of 225 from cmp of 250. By the time i wrote this post stock went from 240 to 252,perhaps a bit late entry but still setup is promising DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided...

UNDERDOG-29

looks like techm has completed primary wave 4 ascending triangle or ABC flat with wave c getting truncated and is breaking out of it.close above 1052 will confirm pattern completion. longs can be initiated for one month time frame with a .618 extention tgt(1290) of cycle wave 1-3 from cycle wave 4 low for cycle wave 5.one can place a stop loss @ 945 on daily...

UNDERDOG-29

seems like yes bank is also feeling left out in this post covid rally which is scaling market's to new high. So most of the investor/swing trader must have this stock in their portfolio.And most of them would have even average it.None the less coming days might bring good news for the people holding this stock. As after today's price action stock has clearly...

UNDERDOG-29

super cycle degree-white cycle impulse-yellow, cycle correction-red, primary impulse-blue currently we are in super cycle degree wave 3 which is supposed to be most powerful impulse,hence as an individual one should always look to buy this stock be it for intraday,swing or positional trading as higher degree will always have bigger impact on price movement. In...

UNDERDOG-29

ESCORTS IS LOOKING GOOD FOR MOVE ON THE UPSIDE.TODAY IF IT MANAGES TO CLOSED ABOVE 1184 THAN IT GIVES CONFIRMATION REGARDING WAVE 2 FLAT CORRECTION GETTING OVER AND WAVE 3 COMMENCEMENT.AS ON THE HIGHER TIME FRAME WE HAVE COMPLETED CYCLE DEGREE WAVE 4 ,THIS MOVE WILL BE IMPULSIVE AS PER MY VIEW. ON MOMENTUM FRONT STOCK PRICE AFTER CONSOLIDATING AROUND 20 SMA FOR 2...