Bearish on Gold Ideas are only for Educational Purpose.
As per Price Action , Eicher Motor is ready for its downward journey.One Can sell Eicher Motors once it Retest Trend Line and Shows Bearish Candlestick Pattern. Targets are mentioned
Bajaj Auto is forming Bearish Flag in Daily Time Frame. One can sell Once it Crosses MA 50 i.e 3715 , As MA 50 have already crossed MA 100 , if it continues its downtrend it will cross MA 200. Targets are mentioned on charts. View invalidates if Prices move above channel.
So , I am publishing this idea on Monthly charts of Nifty 50 , I am new to Elliot Wave Concept still studying and exploring. Your valuable corrections and guidance will make this analysis more useful. As Per charts ( Monthly Chart ) Nifty 50, Indices are forming waves pattern . As per Fibonacci Golden Section Rule, which results in a .382/.618 split, Certain...
Weekly Charts of ONGC , Wait till Expiry of this series , if Bearish Patterns forms at the Top , Downward Journey of ONGC will begin. Ideas are only for study purpose.
Its the weekly chart of IdeaVodafone . Patterns on weekly Charts are more reliable. Entry if closes above 13.60 Stop Loss at 13.60 First Target 17.00 Second Target 19.00 For study purpose only