Nifty got resisted at a previous top 10987 with a small spike and a small breakout from the falling trend line and then corrected more than what I was expecting. The count become difficult with more and more option developing with an unclear pattern . Still I am continuing with the view that we have started wave 5 and currently in some 1, 2 - 1, 2 is under...
,it will have strong resistance at the long term TL (support turned resistance) line around 280 - 300 range. Scrip is technically weak, and fundamentally a broke. The market is moving with reasons either for technical or fundamental objectives. So there is definitely a reason that the stock is oversold and can show some buying interest make an up move based on...
Tatamotors:183.30 is at a trend line support now with the indicators are highly over sold.
Both Stochastic & WR% is highly over with a kind of Breakout from the Res: line.
It can make a move towards the next resistance 282. Stop Loss:165
The long term TL (blue line) will be a strong resistance if it cross the 282 level. However fundamental values doesn’t support...
A positive Break out as expected happened in nifty. Wave count on daily chart as requested by viewers added here. I am not confirming this count as the perfect one, I agree that there are many alternatives, kindly read this as a study material. Friends those who disagree some points about 4th wave in monthly chart do not worry, you may be right too. . Wave count...
We are probably in wave 5 black, of Wave(5)pink,
of Wave violet, of Wave III blue.... ie: 5 of (5) of of III.
Probably in the sense that, an irregular if completed must show a swift recovery, which did not happened here yet and we are stuck at 10985 ie: between 50 &62% of c of irregular abc. This should have breakout immediately on either side. If down we...
HDIL:22 is showing a positive divergence after breaking the long term support
can make move towards 37 and on crossing this level can take the stock to 53.
An improved quarter can overturn the scenario from bearish to bullish till then it is a poor show.
Hindustan Composites Ltd:390 is trading near a long term support level,
resistance at 460, on crossing that level the stock can perform well in future.
The indicators are showing some positive divergence , still the chart pattern
is showing a falling wedge, chances are there, it may test the bottom line support
Wave 3 normally make a small correction, a 38.2% correction towards 9952 seems to be an appropriate level for wave 4, Now we want to see that what form it take place weather a flat or triangle, for the reason wave4 rarely forms a zigzag, consider all this characteristics 9920 will be a strong support, before it make a target towards 13000 for wave 5. there are...
with the indicators showing a positive divergence,
it is assumed that kajaria is completed an abc flat
correction around 501, if true it will show a breakout
through price 593 and then 602 soon ,with out breaking
This will confirm if it cross strongly above 602
ie: 38% in confluence with grey trend line..
see the green arrow marked on chart.
Nifty' is having strong support near 10600 area.
Also expect the RSI to support near 50 level.
Wave structure is is bit confusing but still hopes that we are in wave 3,
and the IV of 3 is show as an expanding flat here.
if true we will see the 1.618% retracement show here11924 approx:
And if wave 3 is completed at 11171, then we are in an a b c correction...
Nifty' :10424.65 current top, is the 38.2 % retracement of the total fall from 11171,Which was expecting and I have posted in my last message on 26th March. Now a strong move upwards from here will show that we are recovering from the correction. Total Fall was 1220 point and we retraced 470 points, Now a 180 point correction of this bounce shall be considered a...
Nifty' made nice150 points bounce, while in a bearish stance.
Do not get carried away with bounce as we are still in a correction,
the indicator are far below in the negative zone with out any sign of a consolidation.
My chart is bit messy with many lines and values, but don’t worry. What I want to say is the circled value 10417 is 38.2 % of the total fall...
A 1030 points fall from the Nifty' top, currently having a break even point at 10535 for it considering to be a recovery from the fall.
If we are still in wave 3, then this could be a huge irregular flat wave iv inside wave 3 is in progress. The current fall from 11171 is wave c of iv of 3 and this c, it seems wave (i) completed at 10979, (ii) completed at 11117,...
Blue dart is recovering from the losses, the correction lead the stock to a 50% level. It made a price channel at the bottom. I was bullish first but, When it broke the triple bottom support, I was damn bearish in this stock expecting a 62% correction. You can see the earlier posts.
Now it is poised for a breakout from the flag, coming result must favor a bullish...