Posting my EW counts of VEDL one can plan as per the projected wave resistance. Any correction is welcomed.
After HnS is formed what can happen next is discussed here.
Hi, After some request planned to share few TA related stuffs which could help ppl to trade successful. As the famous quote in Trading community "give a man a fish and you feed him for a day, teach a man catch fish and you feed him forever" so what i m doing is teach you fishing. sometime you will catch big fish, sometimes small fish, sometimes no fish, and...
Adaniports after the fall is now in the PRZ of BAT pattern. can be longed at current levels r at dips Entry 288 SL 280.4 Target 1 294 Target 2 309 Reward min 6 Reward max 21 risk 7.6 ROR1 0.8 ROR2 2.8 Current level ROR is less than 1 so ROR players can wait for dips.
Completing W4/alternate count W4.W with internal structure ZZ. Apollo trye can have immediate trend up for a X wave r W5. immediate short term target can be 203 which is the TL resistance. Long term targets if its W.V is 223/244/256/278/297 if W.4.X then 207/212/217 Entry 193 SL 188 Target 1 203 Target 2 TSL risk 5 ROR 1 2
Bank nifty was trending down from the new high made now. it has successfully broke the Trendline and confirmation come when the test of the same was acknowledged by a hammer candlestick pattern. now can test the highs of the minor channel running. CMP 19555 SL 19252 Target 20300 Reward 745 Risk 303 ROR 2.5
Tata Elxsi in down trend seeing a bounce from the weekly trendline support with a Morning star pattern reversal. Should try to test the monthly trendline and if broken can test the weekly trendline too. Entry 1305 SL 1222 Target 1 1441 Target 2 1490 Reward 1 136 Reward 2 185 Risk 83 ROR min 1.6 ROR Max 2.2
Lupin after falling from highs is expected to complete ZZ correction with WC =0.618WA near Now the possibilities of lupin are 1. create complex correction with W as ZZ 2. Create Double ZZ 3. Create change in cycle. now one minor cycle 1-2/1-b is expected to be completed in lupin. cmp 1495 SL 1440 Target 1 1570 Target 2 1636 Reward min ...
Nifty after a strong impulse from 6824 didnt get a strong impulse move up. and started moving in different channels at different wave time. the wave counts posted are just a possibility and should be traded with caution. its invalidated if the high is broken 8964. if the high holds strong then trend change is here in nifty.
ICICIBANK which was moving inside the channel in Daily chart. Tried for the breakout of the trendline and failed with a Powerful evening star reversal. Entry 278 SL 292 Target 1 269 Target 2 258 Reward min 9 Reward max 20 risk 14 ROR1 0.6 ROR2 1.4 Though current entry is not rewarding can be shorted on a pullback if your a risk reward lover.
CNX PSUBANK near a tough resistance which has given plenty of trouble in past. can it break this time ? above 3365 a convincing close may lead TGT 3393/3601 only above this psu bank may fire up.
Breaking below B point banknifty has the possibility to go to 19805 sl 20160 cmp 20000
Nifty after the gap up open looking weak and possible short term pattern trading for short possible before the RBI met. also 8600pe of nifty option charts is rebounding from BAT PRZ adding more conviction to this trade set up. PATTERN ANTIBUTTERFLY Aggressive Entry 8755 Conservative Entry 8745 Aggressive StopLoss 8820 Conservative Stoploss 8820 Aggressive...
MPL breaking the Monthly resistance of 33.7 in a single shot due to news driven scenario. Can complete the AB=CD harmonic pattern at 44.8 as the C retracement is 0.5 This stock can retest 33.7 for activity.. so better the enter only 25% of the position. as 42 is again a reistance for it Pattern AB=CD CMP 37.8 Aggressive Entry 37.8 Aggressive...
HCLTECH closed above the crucical monthly resistance of 801. looks good for longs. Entry is averaged around 805.. assuming one part here and next around 801 CMP 809.. add more near 801 SL 792 Tgt 830/850 Trade type: Support resistance Trade Aggressive Entry 805 Conservative Entry 805 Aggressive StopLoss 792 Conservative Stoploss 792 Aggressive RoR...
Banknifty completed the pattern and now its ready for the upmove and possible harmonic targets CMP 19321 SL 18839 TGT 19803/20592/20795
Nifty the collapse is currently seeing bounce from the PRZ of the harmonic pattern. Good ROR trade setup available CMP 8611 SL 8475 Target 8764/8984/9050 Pattern name BAT ROR min = 1.14 ROR max = 4.14
Mind Tree after making the all time high went into corrective phase and price is still trading inside the price channel. though there is no confirmation yet that the correction is over. some piece point to the end of correction. 1. wave 5 inside wave 5 of C has made 0.617 of w1 of c 2. wave 5 almost made 0.618 w1-w3 in wC with this clues Trading strategy can be...