churiwalvikram

churiwalvikram Updated 

Reliance has a impulse on downside which can drag Nifty marked Elliott Wave Counts which indicates we have started Wave 3 on downside.

churiwalvikram

Pharma moves slow & are a contra theme to market most of times i.e. when market is bullish pharma is bearish & vice versa this counts shows us whats next for Mr. Market.

churiwalvikram

Crude can end its Wave Z around 62-56 levels & we should see at least 7 swings higher towards 100$.

churiwalvikram

Tata Motors clear Head & Shoulder break down as we saw in Tesla so target for TELCO is around 300 levels & in Elliott Wave counts we are in Wave 1 of (C) which could take us till 365 levels before bouncing in Wave 2 of (C) which might result is retest of Neckline around 400 Levels.

churiwalvikram

Gold had made triple bottom around 1620 & has made a leading Diagonal in Wave ((1)) of new Impulse so a break down from this leading pattern could result a pullback in Wave ((2)) & in same time DXY should rise in Wave B the larger trend for Gold for this year should remain bullish until we breach 1620 a commodity boom in second half 2023 can push prices to new all...

churiwalvikram

DXY has a 5 wave decline on Weekly charts & Wave 5 have formed a ending diagonal today's push could mean end of Wave A so now a 3 wave or 7 wave pullback can take us back to 110 levels confirmation will be Weekly close above 105.35 (40 WEMA Red Line) & this bounce in $ should see some selloff in Commodity & Equity.

churiwalvikram

Nifty has either completed Wave Y or wave 3 of Y both the counts have implication for a down move now if we decline in 5 waves or 3 waves next towards 17600-17430 area will decide how should we mark this decline. Nifty should be heading towards retest of larger channel towards 18125 area but as it could be wave 4 of Y we could form a sideways triangle in this...

churiwalvikram

Hindalco charts are reflections of Aluminium Price moves only difference is Hindalco did a little more than 50% Retracement of Wave A fall where as Aluminium did very small retracement ideally Hindalco should head towards 235-200 levels in Wave C in next few months.

churiwalvikram

Wave 1 of C is a clear impulse now wave 2 pullback should be good short trade.

churiwalvikram

Infy has completed Wave A & B now Wave C down has started Wave 1 of C can end around 1455 for a small bounce in Wave 2 but eventually we should reach 1160-1050 levels to complete bigger Bearish Sequence.

churiwalvikram

Kotak Bank has completed Wave (B) now wave (C) can take us around 1480 Levels.