UNDERDOG-29

UNDERDOG-29 Updated 

CURRENT STRUCTURE:ABC ZIGZAG OR NEW IMPULSE CURRENT LEG:WAVE 3 OR WAVE C ACTION:GET LONG @ CMP 790,SL:770,TGT:875-898. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an...

UNDERDOG-29 Updated 

CURRENT STRUCTURE:WXY DOUBLE CORRECTION CURRENT LEG:WAVE Y(ABC) CURRENT INTERNAL STRUCUTRE: WAVE A COMPLETION LOOKS LIKE EICHER MOTORS HAS COMPLETED IT'S WAVE A OF HIGHER DEGREE WAVE Y SECOND CORRECTION.PRICE IS MAKING HAMMER CANDLE STICK PATTERN WHICH IS A SIGN OF BULLISH REVERSAL.ALSO PRICE WISE IT HAS A SUPPORT OF 61.8% EXTENTION OF WAVE W @2340. LONGS CAN...

UNDERDOG-29 Updated 

IN CASE OF WAVE 5 STOCK HAS 2 POTENTIAL TARGET OF 5450 AND 6350. IN CASE OF WAVE X IT CAN GO UPTO 4850-4900

UNDERDOG-29 Updated 

NEW IMPULSE OR ABC ZIGZAG?????AS OF NOW A DIAGONAL PATTERN HAS FORMED WHICH IS CURRENTLY BEING RETRACED.WHERE IT WILL END??? PRICE CONFLUENCE COMES @1471.80(61.8% RETRACEMENT OF WAVE 1 OR WAVE A) -1468(1:1 WAVE AEXTENSION ALONG WITH PARALLEL CHANNEL LINE).THIS DIP SHOULD BE USED TO ACCUMULATE IF ANY REVERSAL CANDLE APPEARS NEAR PRICE CONFLUENCE LEVEL @1466-1470...

UNDERDOG-29 Updated 

TATASTEEL HAS COMPLETED 5 WAVE'S OF IMPULSE.IT SEEMS LIKE CURRENT CORRECTION HAS TAKEN FORM OF ABC ZIGZAG AS WAVE A DROP IS RETRACED TILL 61.8% COMING@ 911.50.YES PRICE DID CROSSED THIS LEVEL ON THE UPSIDE BUT FAILED TO SUSTAIN IT ON CLOSING BASIS,INDICATING END OF WAVE B.IF WE GET BOUNCE TILL 900 THAN STOCK SHOULD BE SHORTED AS CANDLESTICK IS ALSO SORT OF...

UNDERDOG-29

CNX METAL INDEX IS NEARING IT'S WAVE 5 OF IMPULSE.AS IT HAS TAKEN A FORM OF WXY CONVENTIONAL WAVE 5 TARGET'S ARE EXCEEDED.AS OF NOW WAVE Y OF WXY DOUBLE CORRECTION STRUCTURE IS NEARING IT'S 1:1 EXTENTION TARGET AREA.EXIT LONG'S BECAUSE COMING DAY'S MIGHT SHOW US DEEPER CORRECTION AS THIS TIME IT WILL BE CORRECTING ENTIRE 5 WAVE IMPULSE. ALTHOUGH WAVE Y TARGET CAN...

UNDERDOG-29

METROPOLIS COMPLETED 5 IMPULSIVE WAVE ON MINOR DEGREE FOLLOWING WHICH IT IS CORRECTING RIGHT NOW.POINT IS WHERE IT WILL END AS STOCK IS IN CLEAR UPTREND AND GETTING LONG IS IDEAL TRADE ON THIS STOCK TO TAKE AS WAVE 3 OF INTERMEDIATE WILL BE STIPPER AND RAPID. PRICE ZONE OF 2227-2211 CAN ACT AS GOOD SUPPORT REASON'S ARE AS FOLLOWS 1)PREVIOUS MULTIPLE HIGH'S...

UNDERDOG-29 Updated 

MARKET STRUCTURE:ABC FLAT CORRECTION CURRENT LEG:WAVE C,SUB WAVE 4,LEG E PATTERN:EXPANDING TRIANGLE. COMMENT:BOUNCE OF 5TH LEG OF EXPANDING TRIANGLE CAN COME.YESTERDAY IT MADE DOJI CANDLE.IF HIGH GET TAKEN OUT THEN LONGS CAN BE INITIATED WITH A STOP OF 945 AND TARGET OF 1024

UNDERDOG-29 Updated 

TATAMOTORS IS MAKING DOUBLE CORRECTION WXY. WAVE W AND WAVE X ARE DONE. WAVE Y SUB-DIVIDES IN ABC SUB WAVES,TODAY'S BOUNCE INDICATING WE ARE IN WAVE B.WHERE IT WILL END DEPENDS UPON THE FORM OF CORRECTION(EXPANDED,REGULAR,RUNNING/ZIGZAG). THIS WAVE B BOUNCE SHOULD BE USED TO EXIT LONGS AND CREATE SHORTS ONCE WE GET CONFIRMATION IN THE FORM OF BEARISH...

UNDERDOG-29 Updated 

Bajaj Finserv has completed wave 4 flat correction.Currently we are in primary wave 5 sub wave 2(intermediate),breakout above 9780 will confirm end of sub wave2(intermediate) when longs should be initiated with a stop of 8960 and tgt of 10550 and 11650. Disclaimer:This are just my views,do not initiate trades only on the basis of this analysis.

UNDERDOG-29

MARKET STRUCTURE:DOUBLE CORRECTION WXY CURRENT STAGE:SECOND CORRECTION WAVE Y SUB WAVE B. THIS WAVE B BOUNCE HAS POSSIBILITY OF TERMINATING BETWEEN 14650-14830 AS THERE IS GAP IN THIS ZONE,HOWEVER WAVE B TERMINATION POINT DEPENDS UPON THE FORM OF CORRECTION WHICH IS UNCLEAR.IRRESPECTIVE OF TILL WHERE THIS BOUNCE WILL CONTINUE,ONE SHOULD USE THIS BOUNCE FOR...

UNDERDOG-29 Updated 

WE ARE IN WAVE 2 OF INTERMEDIATE DEGREE OF WAVE 5 OF WAVE 5 PRIMARY DEGREE OF WAVE 5 CYCLE DEGREE.LOOKS LIKE UPTREND IS ABOUT TO END.TIME TO EXIT AS AFTER THIS WE WILL BE HAVING CYCLE DEGREE CORRECTION WHICH CAN DRAG PRICES SIGNIFICANTLY LOWER AND WHICH WOULD LAST FOR LONGER PERIOD.CURRENTLY PRICES ARE AT 548,LOOKING AT THE PRICE PATTERN AND VOLUMES IT SEEMS THAT...

UNDERDOG-29 Updated 

LOOKS LIKE INFOSYS IS MAKING LEADING DIAGONAL. IS IT A NEW IMPULSE OR WAVE A OF ABC ZIGZAG.THIS CANT BE SAID BUT ONE SHOULD LOOK TO EXIT LONGS AROUND 1450 LEVELS AS TRENDLINE CONNECTING WAVE 1 AND WAVE 3 TOP CAN ACT AS RESISTANCE.HENCE WAVE 1 OR WAVE A,MIGHT TERMINATE AROUND THE SAME LEVEL. A DECENT PULL-BACK IN THE FORM OF WAVE 2 OR B CAN COME IN COMING FUTURE.

UNDERDOG-29

WE ARE IN PROMARY WAVE 4-YELLOW INTERMEDIATE WAVE C-WHITE MINOR WAVE 5-ORANGE MINUTE WAVE 5-RED. AS OF NOW PRICE IS MAKING ENDING DIAGONAL/WEDGE KIND OF PATTERN. GENERALLY FOUND IN WAVE 5 OF IMPULSE OR WAVE C OF ABC(IN THIS CASE).PRICE HAS ALREADY FALLEN IN INTERMEDIATE DEGREE ABC FLAT CORRECTION TARGET ZONE.MINUTE DEGREE WAVE 5 CAN TAKE PRICE TO 32000 LEVEL...

UNDERDOG-29

Bajaj finance is in wave-4 correction.Price has almost reached correction target and previous support zone is near.Long can be initiated if we reversal candle between 4650-4800 zone.

UNDERDOG-29 Updated 

POSSIBILITY 1:END OF DOUBLE CORRECTION EXPANDED FLAT WXY OR BEGINNING OF WAVE 5 WAVE 4 TARGET OF EXPANDED FLAT WXY CORRECTION HAS BEEN ACHIEVED.PRICES EXTENDED TILL 161.8% OF WAVE WAVE W IN WAVE Y AND HAS REVERSED.INITIATE LONG @CMP OF 308 IN SMALL QUANTITY AND ADD IT ON EVERY DIP OF 1.5%, WITH STOP LOSS 288 AND TARGET OF 380 CONSIDERING WAVE 5 TO BE OF EQUAL...

UNDERDOG-29 Updated 

AXIS BANK IS SHOWING SIGNS OF MAKING WXY CORRECTION ON CYCLE DEGREE.WAVE W WITH 3 SUB WAVE ABC HAS TAKEN A FORM OF FLAT WITH 3-3-5 SUB WAVE PATTERN.1:1 TARGET FOR WAVE C(PRIMARY) OF WAVE W(CYCLE) COME @ 680 WHICH HAS BEEN ACHIEVED. EXPECTING WACE X BOUNCE TO COME IN 3 SUBWAVE ABC HAVING 3-3-3 INTERNAL PATTERN WHICH CAN TAKE PRICE TO 740.FROM THERE ONE MORE LEG ON...

UNDERDOG-29 Updated 

STOCK HAS FINISHED MASSIVE CORRECTIVE TRIPLE CORRECTIVE PATTERN.LONGS CAN BE INITIATED @ CMP OF 3466 WITH 3360 AS A STOPLOSS WITH TGT OF 3700.& 3780 & 3855