Expecting an upside movement after taking horizontal channel support.
NSE:POLYCAB very near to a flag & pole breakout. Price has been consolidating for sometime, Expect a strong breakout above 940 levels in the coming sessions
NSE:KEI has taken support around the Harmonic PRZ & Trend has reversed. After a sharp fall, price formed a Double Bottom Pattern & near Breakout. If it breaks above 350, expecting a 10% up movement
NSE:NIFTY might go for a correction.
Stock currently taking support near the PRZ & expecting a trend reversal in the coming sessions.
61.8% support taken & trend reversed. Possibilities of channel breakout & strong up movement.
Price has broken previous high & moving upside strongly. Expecting a +10% movement.
Short fall in TVC:USOIL can be expected upto the trendline support. Or to fib support levels.
After Breakout & Retesting of the ABCD PATTERN; price has entered it's MAJOR SUPPORT ZONE & taking support here. If it breaks the next short term resistance of 90, expect 100+ levels. 🚀🚀🚀
Trend continuation happened after undergoing a triangle correction wave. I'm just a beginner trying to learn Elliot waves.
What might be the result? Breakout or Breakdown
NSE:ITC A Big red Shooting star candle confirmation given, might fall in coming days.
We see: 0-1 Impulsive wave 1-2 Triangle correction wave 2-3 Impulsive wave 3-4 Correction 4-5 Ending Diagonal wave And the immediate fall
Expecting more bullish move if price breaks above 1.31800 (61.8% levels). For Study Purpose: RSI divergence between the two swing lows created on 21-Sep & 23-Sep, indicated a trend reversal. After this price broke the downside trendline & started moving up. Also respected the major Support line.
ABCD PATTERN COMPLETION with AC Trendline Breakout. Stock broke Resistance zone by high price action, now going for a retest. After that🦸🏻♂️🚀
Currently on Fibonacci cluster support levels. Also formed a Bullish ABCD PATTERN. Waiting for trend reversal confirmation
Took support from the PRZ. Expecting good upmovement.