forextidings

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NSE Kotak Mahindra Bank has started marching upside because it has completed wave ((4)). Its fifth wave will end nearby the retracement of wave ((4)) of 161.8% and sub-wave of (4) of 161.8%. So, long-term investors may hold for the targets of 2345 - 2446 - 2536 . At present, intraday & short-term investors can also jump on this stock. Kotak bank prices may move...

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ESCORTS has completed the corrective structure. If it gives an upward breakout, our targets will be 1576-1630-1706-1748. Price can make a new low if It breaks the 1422 level.

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Nifty has continued forming the descending channel. Price has made three excess areas on the lower band. It means that bear traders are continuously trying to break down the descending channel. Price is following the control line with nine spot confirmation. The trend will change after a breakout of the upper band, and it will drag the nifty price at my pivot...

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Nifty has taken support at 17968, and It has made a triangle pattern on the support zone. If it gives break out above and enters in the channel, we can expect a recovery. Otherwise, nifty will break the support level and make a new low. Also, check my old idea if it enters the channel: Targets are valid.

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Nifty can bounce from 0.618% - 0.786% of retracement levels, and we may see 18350 again. According to the Elliott Wave Principle, it can drop up to 1.00% of wave i. And a breakdown of wave 'i' is a direct sign of a strong downtrend. Buyers must note that the price has broken 200 EMA. Don't buy without any confirmation.

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Zeel Is Sitting On The Ticking Bomb! Did you read the previous report of MCX Gold? If not, click the below link to read it. - Is zeel preparing for a bull run? Zeel has concluded a corrective structure and started an impulsive wave. The price is about to cross the recent high of 362 , but there is resistance. Breakout traders can enter after breaking...

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ZEEL is forming 3rd impulsive wave. Wave 2 has taken a reversal from a 61.8% Fibonacci ratio. If zeel is forming wave 3, we should at least get a 161.8% extension of wave 1. Target 1:390 Target 2:362 Target 3:335 Invalidation: Wave 2 can never overlap the starting point of the wave.

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UPL is forming impulsive wave 5. Price was having complex correction of the wave 4. Wave 4 retraced 0.382% of wave 3, and the price increased sharply. The price target for UPL is 964 because wave ((5)) ends at 161.8 % of wave ((4)). The buyers can initiate the long position on a pullback. If you are not a swing trader, you find sub-waves on smaller...

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Price has made extreme high, and impulse moves have started a correction. According to Elliott wave price confirmation, Safe traders can enter when the price breaks wave B at 40160 . Sub-wave C of wave 4 is about to complete. If price breaks wave B, It has the potential to make a new high. At present, the price has neither made higher-lows nor sub-waves of...

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Nifty retracted on the control line of the parallel channel C. If nifty gives channel breakup, we can get our price targets. Or price will be remaining in the channel. Click here to check the main idea:

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I have uploaded the Nifty Elliott wave study, and it has reached the first target of 18164. The trader can trade pullbacks on the nifty. As per the rule of the channel, Parallel channel B can provide support to the price. After the pullback, If the price is not giving any reversal signal, it's better to stay beside the market. If the price tries to fill...

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Nifty has continued growing in the corrective channels. It has filled two gaps and is currently on the third gap level. The third gap is providing support. Nifty has made a double bottom pattern on the gap level. And according to the gap theory, price gaps cause reversal. But if selling pressure exceeds buying pressure during the gap area, Trader can expect...

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If nifty breaks 2nd target of 18314, we may see a good move above. It can take a U-turn from 2nd TP to parallel channel C support trendline.

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Nifty is forming corrective wave 4 of wave ((5)) Nifty has made a high at 18604 and started falling due to conclude of wave 3. It has broken the base channel due to high selling pressure on Nifty. The following terms confirm the nifty pullback. A. The common Fibonacci retracement of wave 4 is 38.2%. Nifty has entered the 38.2% retracement level. It seems like...

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Nifty was heaving correction in previous weeks. Now, It looks like it has completed corrective structure and marching upward. If you are following my daily outlooks, you can understand these charts easily. If the price is about to change the direction, It will make an initiative then confirm it. Nifty will confirm its bull trend by breaking wave B at 18350. In...

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This week nifty may break 18350, and this level will increase high buying pressure. The above chart shows that nifty seems price is forming a leading diagonal. Moreover, wave 5 is the ending point of the leading diagonal. And completion of wave 'i' the wave 'ii' will take place. The wave 'ii' is corrective. So the day traders can initiate buy position there....

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Wave 3 extended 161.8% of wave 1, and we can see a powerful rally in an extension of wave 5. Hind Petrol Futures can hit the following targets before Oct end. Target 1: 352 Target 2: 389 Target 3: 400 Where can we enter? The following rules can help you get the perfect entry. A. Upper band of the parallel channel at 290 . B. High of 3rd wave at 312 . ...

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HDFC (Closing Price: 2896.15) According to Elliott Wave theory, HDFC stock price will keep drilling upward. And we may see Housing Development Fin price at the following levels: 2986 - 3049 - 3153. But intraday traders should worry about the support trendline of the parallel channel because HDFC price may try to retest the support trendline before the trend continuation.