nikky2201

nikky2201

It looks like Granules has entered into its impulse wave 5 after roughly 7 months of time correction. Pay special attention at resistance zone of 365 - 375. Weather will not be good and you will feel strong turbulence. Good luck! Please note that - No pattern is 100 % accurate, No candlestick is 100% accurate, No Indicator is 100% accurate. Market is extremely...

nikky2201

Looks like Ascending Triangle correction is going on in wave 4 but wave D is not the longest (breaking Ascending Triangle rule that wave D should be longest but at the same time it is closest to Ascending Triangle formation than other three variation). If this is Ascending Triangle construction then wave E must retrace wave D by atleast 50% and end above wave C....

nikky2201

Watch out: 1. If this correction is Zig Zag then wave B retracement must be less than 61.8 % of wave A 2. If this correction is FLAT then wave B retracement must be greater than 61.8 % of wave A. As we know we have 3 variants of FLATS and each one construction is different. So I think 50 % - 61.8% retracement is risky zone. Please note that - No pattern is 100 %...

nikky2201 Updated 

It looks like Daily timeframe correction is about to end and looking at previous trend breakout will happen on up side.

nikky2201

I thought to enter into Vaibhav Global but it looks like this is going into downtrend. Reasons: 1. Rising Wedge Consolidation in progress 2. Negative Divergence supported by MACD 3. Negative Divergence supported by RSI. I will wait for this correction to get over and then enter at right location.

nikky2201 Updated 

This is my analysis . I do not recommend any entry. Use your judgement, wisdom and analysis for entry. Looks like descending triangle consolidation breakout will happen soon and then eventually symmetrical triangle breakout. Be Dynamic and change your strategy as per market move. Stop Loss should be on individual risk appetite.

nikky2201

Watch out on Breakout Confirmation: Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume, especially on upside breakouts. Note: This is my analysis and do not recommend to anyone to take entry. Use your wisdom and analysis to take your entry.

nikky2201

Since Symmetrical Triangle chart pattern is neutral in nature so it might be a continuation or trend reversal based on where breakout happens. VG has been exceptionally super strong from very long time so I do not find any reason for reversal but Watch! Watch! Watch! Note: This is not a recommendation, this is my personal analysis. Do not buy based on my...

nikky2201

Falling Wedge consolidation breakout signaling Uptrend continuation.

nikky2201

SOTL - Descending Triangle Breakout

nikky2201

Kanchi today had Symmetrical Triangle Consolidation breakout

nikky2201 Updated 

It looks like GAIL has Head & Shoulder neckline breakout. Will observe for few days