forextidings

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SAIL has been forming descending channels for more than 47 weeks . It has accomplished corrective structure((4)) at 61.8% of wave ((3)). Wave ((4)) is a double combination pattern. After creating a low of 84.35, the price started marching upward. If the price breaks out of the corrective channel, traders can trade for the following levels: 123 - 143 - 162+

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Bajaj Finserv has started it's final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMAs , it started falling for wave Z . Traders can expect the following targets: 14631 - 14449 - 14176 . The Control line will work as a hurdle for intraday traders. Bajaj Finserv has formed in the descending channel for more than 27 weeks...

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Nifty has started its indecisive movement again. Triangle is the best example of a choppy correction , and the break of the structure can give us an excellent opportunity for trading decisions. Price Action Perspective: Currently, the price is at the control line of the parallel channel. Traders are getting trapped in the choppy move of the market. It is hard...

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Gail India has completed its 4th corrective wave, where wave C is the last leg of correction. Price took 27 weeks to complete the corrective wave ((4)). After completing the wave ((4)), the price has broken the sub-wave iv and signaled a rally. It also has entered into the corrective channel, and this rally can make a new higher high . The traders can...

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NIfty is preparing for the final wave V of wave C of wave (C). Price has completed the sub-wave (iv) of wave C. Currently, we are riding on the impulsive wave V of wave C. If the price breaks the low of wave iii, Traders can Expect the following target of 16110 - 15978 - 15856. After completion of final wave C, Price will start a bull run. If the price fails...

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If bulls break the control line, we can expect the following target 17356-17472-17521. But The rejection from the control line will drive the price to 17150 - 17012- 16900. Nifty has completed Impulsive wave C of wave(c) of wave ((Y)) and started marching upward. In this initiative, we can see a sharp move with three gaps . A gap down on Monday indicates ...

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Nifty is forming a bearish engulfing pattern on the daily time frame chart, and the price also declined from the control line of the parallel channel. If the price sustains below the previous trading session, we can see a bearish move for the following targets: 17008 - 16867 - 16760. Previous chart: Selling Targets: TP 1: done TP 2: done

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Nifty has been forming a downtrend channel for 140 days . After creating excess on the descending channel, the price has surged sharply. Price surge stopped between the range of 17110 – 17144 . It connotes that nifty can give a big move after the breakout of the parallel channel. If the Nifty breaches the upper band, we can expect 17365 – 17562 – 1760 . The...

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United Spirits has started wave cycle from 85.20 . Wave ((1)): Wave ((1)) is an impulse pattern that occurred in 201. Wave ((2)): Wave ((2)) is a zigzag pattern that occurred at 95.55 . Wave ((2)) retraced 100% of wave ((1)). Rule 1: Wave ((2)) can never overlap the starting point of wave ((1)). Wave ((3)): Wave ((3)) is an impulse with extensive...

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Adani Transmission (Closing Price: 1869.9) According to Elliott Wave projection, Adani Transmission price will hike and touch 2118 - 2304 - 2364 levels. And the day traders can expect 1920 - 1946 levels.

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First, I recommend reading the previous report of BankNifty. Link: BANKNIFTY Can't Wait to Fall – Even Without NIFTY's Help According to technical analysis, Banknifty is trying to collapse. It needs solid support to reenter into the uptrend channel. The strong support is nearby the 34600 level. It will try to retest 35260 - 34880 - 34600 levels this week. ...

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JSW Energy has been forming a downward channel for 22 weeks, and Elliott's projection illustrates the formation of a corrective structure. Traders can short for the following targets: 289- 278 - 262 The corrective pattern started unfolding after a high of 408. Let's discuss wave formations and the Fibonacci relationship of correction. Wave ((A)) is an...

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*Read This Report carefully to get an accurate entry level for buyers.* Devyani International has created an all-time high of 198.90. Price faced supply pressure that bulls couldn't hold their power, and it has started correcting for upcoming impulsive structure. After counting the wave, we can name this correction 4th corrective wave, and the all-time high...

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Key Level: 730 POKRANA has completed corrective wave ((4)), and price surged for impulsive wave ((5)). If the price breaks the corrective wave b, traders can expect the following levels for impending impulse thrust: TP 1: 752 TP 2: 770 TP 3: 800+

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Key levels: 36496 - 37060 Bank Nifty was following the uptrend channel from Dec 2020, and it had broke on 02 March '22. There's a new parallel channel unfolded. In the last trading session, Banknifty has created a shooting star pattern. And this pattern is a single line pattern that indicates an end to the uptrend. At the same time, it is close to a parallel...

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Key Level: 3631 Quick explanation: Bajaj auto has started rejecting demand pressure. Price is bullish above pivot level 3629, But if the price fails to break the crucial pivot, traders can go short for the following targets: 3573 - 3441 - 3345. Detailed study: Bajaj Auto has been forming a downtrend channel for more than 14 months. It has created an...

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Preface Alright, the operation started after creating an extreme low at 120.20. Price has created an upward channel from the extreme low, where the equilibrium has occurred between bull and bear traders. Control line has given eleven touches, which shows the strong gravitation at the middle. Here, we can see four reversals on the upper band, and three reversal...

forextidings

NSE KoltePatil stock overwhelmed today, and it hiked +34.10 ( +12.30% ). Technically, the A B C correction of the Elliott Wave is over. We can expect impulsive moves ahead. Today's volume spike and breakout of EMA 100 indicate bulls are stepping in. The uptrend can extend up to 322 - 340 - 350+ target price for intraday traders. Further information I...