bhalla1990

bhalla1990

As per chart

bhalla1990 Updated 

Cup & Handle Pattern, Symmetrical triangle + Long term trendline resistance Breakout ---> Going Above 865 will set tone for 1030 Target with multi confluence.

bhalla1990 Updated 

Updated Wave counts for internal wave 5

bhalla1990 Updated 

Continuation idea to Monthly analysis, super bullish momentum in weekly TF, ready to FLY

bhalla1990 Updated 

Details as per chart, inverted head and shoulder

bhalla1990 Updated 

Made a super bullish breakout from range, can look for 18/21 target if closing above 15. Could be start of Wave 3, let's see how it unfolds.

bhalla1990 Updated 

Expected moves laid out on chart Previous week close has given a hanging man candle, can be a good short candidate in near term if shows weakness, R:R is very good on short as price is near multi month resistance

bhalla1990 Updated 

repeat situation same as morning trade idea. Long above 12925 for 12975+

bhalla1990 Updated 

Above 1880 will try to reclaim 1890!! 10$ scalp trade idea

bhalla1990 Updated 

Trade not triggered for original idea, hopefully followup makes money

bhalla1990

Revised Wave counts, Wave 5 of 5 in progress, top is super near

bhalla1990 Updated 

PA in/around Decision Zone to confirm next direction

bhalla1990

600-655 is a strong resistance zone, any buying should be done only above 655 for target 700 which would come in almost no time if price sustains above 655. On other hand, A high probability setup would be to enter short as close to 655 as possible for a move towards pitch fork median line, below that for lower median. breaking lower median of pitchfork would...

bhalla1990

Education Idea Axis bank Wave 2 = Regular Flat Wave4 = Ascending Triangle (triangle often occur in penultimate waves) Rule of alternation - corrective waves are of alternate type Wave 5 - Ending Diagonal (type = 33333) Trading idea/Analysis to follow on Shorter TF

bhalla1990

PNB seems to have completed larger degree wave 2 and could give multibagger 10x returns in the next few year. Invest in this second largest PSB and forget for a few years. Lower time frame analysis to follow

bhalla1990

Reliance seems to be in wave 5 of A of larger degree wave 2. Couple weeks ago we saw a super strong(dragonfly doji) bounce back from 1800 so wave 5 likely to get truncated around same levels and we can witness a long side correction in form of wave B Long term buying should come in around 1600 eventually Support/Resistance conveniently placed 200 points apart...

bhalla1990

1480 the 1.618 Fib extension level of wave 1 could be the decisive top formation and call out the end of Wave 5 of 5. 1480 is also the invalidation level of analysis and will put me to think that wave counts are wrong and need to be reviewed. With recent weakness in Bank Nifty, this looks like a high probability setup #Wave Analysis #Fibonacci Extension

bhalla1990

This is a followup idea from previous analysis shared earlier, all relevant levels and comments marked on chart. Wave Analysis, Parallel Channel, Fib Extension, Elliot Wave theory, Harmonic Patterns Like and share the idea if you like it