USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
SOUTH INDIA BANK, FED BANK, JAIPRAKASH ASSOCIA, RELIANCE COMM LTD, STATE BK OF INDIA, ADANI POWER LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Wave count in this scrip looks like the wave C of the flat correction is under progress. Break below 260 can take this script to a minimum target of 230.
We are in the wave C of the zig zag correction. In long term the correction may take us to 750 levels.
The pattern formed in TVS motors suggests that it is undergoing a zig zag correction. Wave A and Wave B of the correction is already over. I am expecting wave C to be either 100%, 138% or 161.8% of wave A. Also it can be noticed that the support line in wave B is broken. The complete pattern assumption becomes invalid, if the high 380 is broken. Let's wait and ...
Technically it looks like JPPOWER has completed an impulsive wave 1 and a 100 % correction. A safe swing long trade with stop loss 3.4 and a minimum target of 1.618% projection of wave 1 which is 7.85
I am expecting a ending diagonal that will complete the wave C of the correction under consideration.
are we on the flat correction for TATA motors or does it have a alternate count...
I expected an 161.8 projection of wave1 to form wave 3. But it looks like the wave 3 is done with 131.8% projection. Right now the formation looks like a flat or a complex correction. I am also expecting this series will be spend in forming wave 4. I am netral in medium term.
Ashok leyland has been consolidating for a long time. The chart formation looks like it has completed wave A of a flat correction. The wave A has unfolded into to three waves marked in green ABC (3-3-5). We can anticipate a 3 wave up move B which should unfold as a 3 wave move. The current move in the counter has completed a 5 wave impulse move which went above ...
ITC did a correction with the marked in green ABC. Then it had made a 5 wave move up and a zig zag correction marked in blue. We can expect wave 3 to end at a 138% or 161.8 % projection of wave1, which is 300/- or 320/-.
Formation looks like an expanded flat for Dabur. The final corrective wave C is o=in the formation with the completio of wave 1. The correction is expected to pull the price to around 200 levels in the long term. First target can be around 250 ~ 230 levels.
Fourth correction of the recent impulse move is about to complete. Since the third wave looks to be normal, we can expect a extended 5th wave. Targets are around the price levels 163.
SBI has began its final wave 5 of the ED. During this time one can be long on SBI till a level of 275/-. After which one can expect a corrction to around 230 levels. Once can also notice the divergence in MACD.
HDFC bank is about to complete the ED formation after which it can correct to 38.2% levels i.e 1250 levels before it can move to further highs.
The corrective wave for Voltas has already began with the completion of wave 1 and on the way for the correction of wave 2 around 385 levels after which one can look for shorting opportunities.
After completing the ED one can expect a correction around 238 levels. One should wait for the pull back and then the break of the lower trend line.
SBI is about to complete a 5 wave bullinsh cycle in an ED. One can look for shorting options as already it has made the high of around 270/- in the wave 3 of ED which corresponds to the 100% projection of wave 1 in the bigger cycle. Can the correction be a zig zizg ? Let's wait and watch. Also MACD has already started showing the bearish divergence.
In the daily chard Inforsys is about the complete the wave a of the corrective sequence. It is at the last phase of finishing the fifth wave A in a ending diagonal. One can expect the corrective wave B which can retrace 56% of wave A as shown. In the short term ne can look for long intraday positions. In the medium term one can ride the wave C in the short side.