USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
RELIANCE COMM LTD, YES BANK, VODAFONE IDEA LTD, SUZLON ENERGY LTD, INFIBEAM AVENUES L, JET AIRWAYS INDIA
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
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 over ...
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!
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.
Strong Resistance 1277
Wave 3 about to begin and upper bound capped
Trading inside channel.
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
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.
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.
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.
Bearish Divergence is seen in the hourly chart. We can short this as per the risk reward in indicate.
USD JPY Pair is seen to form bullish divergence in the hourly chart.
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 is ...
Further correction in Nifty is possible to around 18450 levels. Please post your thoughts on this!
It looks like there could be possible correction to 8500 levels. I would be very grateful to hear your thoughts on this
This idea was premarket but i did not buy the stock because i thought markets would correct more to 8500 levels.
This is to test corrective wave!