inderjeet05

inderjeet05 Updated 

Strong Resistance 1277 Wave 3 about to begin and upper bound capped Trading inside channel.

inderjeet05 Updated 

This stock can be shorted. The reason are outlined below. Currently stock is trading in a range of 481 - 437 so a breakout either way can be taken in a manner of speaking but 481 is an important resistance zone clearly and is also 38.2% of wave 1 so a potential wave 2 starting point.

inderjeet05 Updated 

We can short EURJPY for the following reasons. The Primary Wave 2 is completed thus we are potentially seeing wave 3. Wave 3 cannot go higher than wave 2. The price is also approaching intermediate wave 2 where it should terminate and start wave 3. Again wave 2 cannot go over the area of starting of wave 1. It is a hat-rick because minor wave 2 cannot cross...

inderjeet05 Updated 

The stock is hovering towards the bottom of the channell and is also near a important support. Should go up for a target of 445.

inderjeet05 Updated 

We can buy Hindalco. As you can see the market is trading above a resistance line so Sl can be just a bit below it. This is starting of wave 3 if it hold above the 200 level EOD basis. Let me know what your thoughts are on this!

inderjeet05 Updated 

Reason 1: We can short ONGC around 190 zone since we have a breakout this could mean that wave 3 has ended and wave 4 is about to start. Reason 2: Wave 4 is exactly 38.2% Fib level away wave 3. Please post your comments and let me know what you think

inderjeet05 Updated 

Wave 4 will not terminate in the area of wave 1. So come Monday worst case scenario would be markets would reverse and test area of 627-630 zone where wave 4 would continue on its downtrend again. SL here can be on EOD wave 1.

inderjeet05 Updated 

As indicated on CCI a bullish divergence is seen on NZDUSD pair on the daily chart. We can buy this as per the indicated limits.

inderjeet05 Updated 

Bearish Divergence is seen in the hourly chart. We can short this as per the risk reward in indicate.

inderjeet05 Updated 

USD JPY Pair is seen to form bullish divergence in the hourly chart.

inderjeet05 Updated 

I have here used the ABC pattern with subwaves 3,3,5. In the C wave as you can see is still forming. here are a list of reasons why i believe that this stock is about to correct. wave C is still still under completion with 2 subwaves remaining. Double top formation. Formation of indecision candle on both the tops. Channel formation where even if the there...

inderjeet05 Updated 

This idea was premarket but i did not buy the stock because i thought markets would correct more to 8500 levels.

inderjeet05 Updated 

This is to test corrective wave!

inderjeet05

Further correction in Nifty is possible to around 18450 levels. Please post your thoughts on this!

inderjeet05

It looks like there could be possible correction to 8500 levels. I would be very grateful to hear your thoughts on this