UnknownUnicorn852482

UnknownUnicorn852482

Details in the chart. The structure marked is schematic. Levels and time may vary. Being weekly expiry day high volatility will prevail. Trade with caution.

UnknownUnicorn852482

Wave 4 of the ending diagonal completed and wave 5 started. Normally wave 5 should reach the wedge top. Occasionally it may overshoot or undershoot depending on the market behaviour. Be ready for a volatile market on tomorrow and Thursday.

UnknownUnicorn852482

At a strong resistance area. Wave a,b completed. wave c in progress. Harmonic pattern also developing. Short below 217. Target 210. After that look for a bullish candle and take long

UnknownUnicorn852482

The current chart position augers well for favourable formation of two Harmonic patterns, both coinciding at same points and attracts investment for short term of 1 year. Though the chances of the stock moving higher are very bright, at present it is at a strong resistance area. So buy only above 227. One year Target 427. (Should go even higher to 448)

UnknownUnicorn852482

I analysed this stock on wave counts based on a request from my friend. As per my wave counts this stock seems to be bottomed out at 83. Apart from wave counts, nice price action candles makes this stock a good investment candidate. A nice bullish DOJI followed by two bullish candles, all with high volumes in the weekly chart along with rsi divergence should...

UnknownUnicorn852482

Wave iv of wave (iii) of of C of (A) is retraced 38.2% of wave iii. More downside pending -( may not go below the previous low.) If uptrend continues and price closes above 422 the labelling is incorrect. Do your own analysis and trade cautiously.

UnknownUnicorn852482

Nearing the golden ratio of 1.618% protection of the previous swing high marked as 5. Upside may be capped at there. Wave 5 of c of B is forming ending diagonal. There is divergence between price and rsi. Volume is declining for the past two days. Trade cautiously.

UnknownUnicorn852482

Play the pullback on price action candle for a minimum 30 points

UnknownUnicorn852482

Details explained in chart.

UnknownUnicorn852482

As said in my post on 6-11-19, Bank Nifty exactly in the process of forming ending diagonal. Wave 4 just completed and wave 5 commenced. The ending diagonal structure is clearly visible. Wave 3 is approximately equal to wave 1. Wave 4 overlaps wave 1. All the waves are 3s. Wave 5 also will be 3.

UnknownUnicorn852482 Updated 

Levels are mentioned in the chart

UnknownUnicorn852482

Schematic directions mentioned in the chart. Levels and time may vary.

UnknownUnicorn852482

Explained in the chart

UnknownUnicorn852482 Updated 

GLEANMARK PHARM seems to be find out the bottom as suggested by Elliott waves. Also exhaustion gap and breakaway gaps found along with divergence in price and RSI. Good for investment (long) for both short and long terms. CMP: ₹301 Target: Short term 1 year: ₹600 Long term 5 years: ₹1200

UnknownUnicorn852482

Wave (ii) will end when rsi reverses around 50

UnknownUnicorn852482

As per my labelling NIFTY is in the process of forming wave (v) of (c) of C of B. It may be an ending diagonal. The projections are schematic and not based on levels and time.

UnknownUnicorn852482

As per my labelling BANKNIFTY is in the process of forming wave 5 of C of B. This may be a ending diagonal. The projections are schematic and not based on levels and time.

UnknownUnicorn852482 Updated 

I have labelled as per my analysis. Do your own analysis and take trade decisions.