champvimal

champvimal Updated 

We have a bullish opportunity for Insecticides India - positional long: - Trend seems to be upwards on Monthly and Weekly TFs - On 1 Day TF, we have price reacting upwards from nearest 1-D Demand Zone - As per Elliott Wave model, price is forming bullish impulse wave upwards as shown in the chart. Currently, it seems to be just starting to initiate a 5th wave...

champvimal Updated 

Since, there is a good flow of news on this stock, let's analyze it from technical standpoint for positional long bet. In the chart (Weekly): - We seem to be in primary impulse 3rd wave of which we have created sub impulse waves 1-2-3-4 (colored in yellow) - The yellow colored 3rd may have either terminated at 50 and is coming towards 34 for completing yellow...

champvimal Updated 

This is quick analysis only for today and tomorrow (10th and 11th Dec). We are using 15 Mins Time Frame. - Seems on lower Time Frames of 15/5 Mins, we have Nifty going through Distribution zone and in complex corrections as per Elliott Wave model - As marked here, we "may" be in middle of small sub c-wave formation on 15 Mins TF. If spot price ditches PDL...

champvimal Updated 

We have a bullish opportunity for Sonata Software - positional long: - Trend seems to be upwards on Monthly and Weekly TFs - On 1 Day TF, we have price reacting upwards from nearest 1-D Demand Zone - As per Elliott Wave model, price is forming bullish impulse wave upwards as shown in the chart. Currently, it seems to be forming a good solid 3rd Wave upwards on...

champvimal Updated 

It seems ITC has probably formed a base after consuming a good demand zone on 75 Mins TF and as per Dow Theory model, making higher lows and higher highs. As per my primary rationale of Elliott Wave analysis, it is forming a leading diagonal structure for Wave 1 on 75 Mins TF chart as shown hereby. We can confirm this once it consumes some demand at Wave 2...

champvimal Updated 

I know we are all waiting for a bullish trend to take place in both indices. Me too equally :) As of now, let's quickly understand the wave-count and analysis as per the chart data we have. (Please note: The timeframe I have taken is of 75 Mins , which means the analysis may be fruitful for remainder of this week and not just for intraday) - The Wave counts are...

champvimal Updated 

Considering we have uncertain times and the chart's formation is also not providing clear direction of where the market seems to probably trend, we will go step by step and try to decode what market is forming on 15 Mins TF this week. As of end of market today, we have the following chart formation available. As per Elliott principle, we have 12345 completed from...

champvimal Updated 

On Weekly/Monthly chart it seems we are in a great long 3rd wave in progress. On Daily chart, we may have just completed 4th wave and might enter 5th wave on the yellow trendline break as shown hereby. We will have to see the price action and momentum near 640s and 650s and then plan to seek an upward journey until end of 5th wave on Daily time-frame. There is a...

champvimal Updated 

It seems Monthly Supply zone is broken (the big red bar from left is 1-M Supply Zone broken in style). Now, on Weekly/Daily chart, the Elliott Wave Model applied is as shown. We are in great extended 5th wave. If price still continues to make higher lows and higher highs then 5th wave end possibilities are also as shown in the chart. However, for those who haven't...

champvimal Updated 

It seems LIC Housing Finance will make a downward direction plan after the steady uptrend. As per the 15 Mins TF chart, it is making ABC structure after the trendline break. Also, there is a distribution zone / Supply Zone from where the price is falling. RSI is slipping downwards too. To confirm a downtrend, 630 needs to be broken with good red candle. If 625...