akrock861

akrock861 Updated 

UPL has already reversed it's trend... Likely to see 550 level in near future. Beware...

akrock861

Multiple support and a weekly green candle what to say more.. buy with stoploss at 72 and target 98.

akrock861

This scrip is now trading in demand zone. One can buy if any reversal candle forms on daily timeframe with stoploss at low of that candle and target above 3000.

akrock861

this scrip is currently moving in downward triangle pattern, one may look to add position @48 levels with a stoploss of 44,target1 is 70 and target2 is 110. for those who are already in this scrip may add their position at given levels.

akrock861

Paytm price broken it's down trendline . One may buy with stoploss @1274 for the target of 1580 (target1) and 1740(target2). These are fib based targets. Price has retraced approx 61.8 of the upmove

akrock861

Elliot wave 2 correction seems over... Both Elliot wave and Wolfe wave are suggesting a violent move.. let's see

akrock861

Chart is self explanatory

akrock861

Trendline breakout, head and shoulder pattern, target should be 425 and 442.stoploss @355

akrock861

Trendline acting as good support.. one can consider buy at this level for target 1720, STOPLOSS 1445, good risk reward, but one thing I observed that similar price action which I highlighted.. after which price has started moving up.

akrock861

This is my setup to catch next move. Let's see if it respect this trend line or not. Buy only when price reverses from here with other confirmations like candlestick pattern and macd divergence.

akrock861

As per my studies of various methods, all method are suggesting a strong rally, according to price action , flat pattern is clearly visible, according to wyckoff,it's re-accumulation, and as per elliot wave ,wave 2 correction is going on, main thing here as an all the methods are suggesting that trend is still upward, one may adjust their target as per his own...

akrock861

If you see the pattern and combine it with price action. What u will get would thrill you... I have my target of 400+

akrock861

This scrip has always tested my patience and also rewarded the patience. Short term trader can trade for channel target 220. Actually as per my view, it's forming a leading diagonal pattern, one can also consider this scrip for long term perspective but not at this price and at this moment , wait for retracement till 150 to 160.

akrock861

One who have waited and kept patience will be rewarded any time soon as we are now moving into wave 3 of SUPERCYCLE wave III. Macd suggest end of wave 2.

akrock861

intially i went for motiive wave 1-2-3-4-5 pattern but wave A is 1.272 times of wave A made me think of corrective wave formation. it may be extracting triangle formation. i have not labeled 100% right but it should be something similar, as we are here to trade not to analyse.. i will trade with targetting wave E. and stop below trendline support.

akrock861

Stock has reached 1.618 of intermediary wave 1. May see correction of intermediary wave 4, then Intermediary wave 5 will complete cycle wave III

akrock861

Cycle wave 3 is currently in progress, intermediary wave 4, stock has more potential for upmove. Target should be it's previous all time high.

akrock861

I am a beginner. Any elliotician please comment if I have done any mistake. I have fibbed target and retracement. Later I will combine it with price action. Macd also supporting upmove. Whatelse can I do in it , please suggest.