akrock861

akrock861 Updated 

Sail has completed a impulse cycle, currently it is in correction mode which is usually frustrating and ithis case it super complex, now next fib level which is golden ratio(0.618) is at rs70 level, which i hope will trigger reversal. waiting to buy at 70.

akrock861

double close key reversal candlestick pattern formed as the close is above the previous two closes. good risk to reward setup. can be hold for long term also as it retraced 78.6% of the previous impulse. book some profit at target 1 and rest could be hold with a stoploss of 473.buy trigger at 494. short term targett is 530. will update the long term targets once...

akrock861

good risk to reward, buy trigger 149.55 stoploss 135 target 220

akrock861

high risk but great rewards.. good to buy with a little stoploss

akrock861

trading decisions made with multiple confirmations are high probablity trades. reasons to buy vgaurd 1. H & S neckline decisive breakout 2. Double close key reversal triggered 3. last motive wave suggesting same target with 1.618 extension. nothing is for sure in market, so stoploss is a must. levels are mentioned

akrock861

Channelling techniques works well in zig zag type of correction... Till now the way pattern has formed it suggests zig zag. Last wave B retracement was 0.618 of the wave A, and now looking for wave A= wave C at 915. Let the pattern unfold before taking any trading decision.

akrock861

well set pattern... seem like correction has been ended as previous impulse was voilent..looking for reversal candle to buy with targets and stoploss levels specified

akrock861

idea previously bounced from 0.786 fib retracement.. this time too it is the last and strong recognised support which seems to be hold.. placed a buy order @ 7.30 with stoploss @4.55. lets see

akrock861 Updated 

Breakout and retest, perfect to catch further upside with stop of 620 and target 766. Fundamentally strong also good for long term view.

akrock861 Updated 

If it breakout then target of 860 and 900 can be reached, one must wait for breakout with good volume and green body candle, aggressively it can be bought below 756 with a stop of 708. It's a B wave as per Elliot wave, of ongoing zigzag correction. Wave A was zig zag. So wave B can be a flat or zig zag, still one more upside is pending.

akrock861

May see some correction from here... Good to add at marked level for next upmove stoploss 1069...

akrock861

Chalet hotel formed inverted H&S pattern, breakout with increased volume.. SL 223 Cmp 246 target 280, r:r 1:2

akrock861

Support breached but it can reverse. Patience is the key.

akrock861

Current supercycle wave 3 is running..cycle wave 2 in progress.. intermediate wave B, Aand primary wave C

akrock861

Forming flat.. no trade till clear breakout above 8350. Buy if it reverses near 6500 level

akrock861

Formed hammer with huge volume.. buy at cmp With stop at low of the hammer.

akrock861

already reached wolfe wave target , now it is forming the same pattern, short term trader should wait for clear reversal from 38 levels, target mentioned on chart

akrock861

however, upl is still bullish on weekly timeframe but, one may see some more correction in coming day, its not a short sell advice but one can add long position if it comes under 590 levels.