profitadda

profitadda Updated 

Trade plan for HDFC Ltd in this Blood Bath In my view we have completed a 3 wave correction move down ward for shorter cycle. which is 100% from its recent TOP made on 15 NOV

09:44

profitadda Updated 

As a follow up discussion with our view presented yesterday in NIFTY and Bank Nifty we are discussing the Alternate possibility along with sticking with present view and trade plan. WISH YOU A HAPPY TRADING Disclaimer: We are not SEBI registered advisory and views presented are personal views and if you want to trade based on these views please consult with your...

10:16

profitadda Updated 

In continuation to our earlier view our selling position is still not executed in Nifty and will enter once the level is reached. Bank Nifty our sell order have got executed and we have booked 50% Qty profit intraday. Now will hold balance for further targets.

profitadda Updated 

In my view cycle from Mar20 Low is completed with wave I red and now we are into formation of corrective cycle in 5-3-5 pattern ((A)) -((B))-((C)) black. Out of which ((B)) black is either completed as shown in BROWN path or can complete after one more leg up as shown in BLUE path or BLACK path. In either case we are expecting one more 5 wave down to ((C)) black...

09:34

profitadda Updated 

In continuation of our earlier view on Nifty and Bank nifty so far are inline with moves expected and still in trade, Now we are again having an opportunity to initiate sell trade in both Indices before we reach at Wave ((C)) black in both the indices to complete the corrective move started from 19-OCt. once we are done we will be initiating BUY trade for...

06:34

profitadda Updated 

We have completed 5 Wave move Up since Covid Fall and now in making of 5-3-5 Corrective pattern ((A)) ((B)) ((C)). Its too Early to confirm Connector ((B)) is completed however assuming it is done, we can now expect making of wave ((C)) Black is in process and we can have entry planned @ 31080 Level with target to en-cash Next Up move of Wave III red. Trade Plan...

profitadda Updated 

In Smaller time frame 1. Nifty seems to have completed 5 wave Impulsive move from MAR20 Low 2. Its 5 wave down from all time high to form ((A)) black of a ZIGZAG correction pattern. 3. We should expect a Relief rally soon to form a connector ((B)) black which should extend @ 17500-17600 zone which is 50 % retracement of latest move down. 4. Once Done we can...

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After making high it seems we are done with the FLAT correction (C) after a last leg 5 Red is finished as long as it doesn't extend much beyond 858.85 level. AS the connect (B) Blue seems very shallow hence their is possibility of it making a bounce and forming new connector (c) blue which means we can even have one more leg Downside to complete the...

profitadda Updated 

Stock is continuously in Bullish sequence so Ideally we should look for Buying opportunity in correction and enter at extreme levels as per our system After making high on 12Nov. Stock is in making of 3 Wave correction down in ((W)) ((X)) and ((Y)) black. @ 1800 we expect ((X)) black to complete - which is 100% retracement of (w) blue from (x) blue. From this...

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Looking for buying after completion of (Y) Blue 3 wave correction @ 2753 as it is very likely to bounce from this level and complete atleast 100% retracement upto 3095 to reach ((C)) black Stop Loss : 2620 Risk Reward: 2.57

profitadda Updated 

After Breaking 23Nov Low of 17216 Nifty seems to be in a mood of making double correction and correct till 16110 so as to complete ((4)) black. However Since ((w)) and ((x)) Blue connector seems small their is possibility of making a bounce to form a new connector. If it happens than will revisit the wave count so as to get the next New level for entry at ((4))...

profitadda Updated 

Stock Showing Movement in Elliot Wave Pattern. After one round of Eight Wave cycle started from 211 till 412. Now Stock seems Making 2nd 8 wave Elliot wave pattern. After Wave-1 stock moving in consolidation and forming 2nd wave with Triangle formation. Once breakout from present consolidation zone above 530.5 we can expect a wave-3 move upto 645.5. if stock...

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Comparing Dollar Index and Gold movement, we can understand that Dollar is expected to make 1 more leg Up to complete (5) in Blue so as to make ((C)) in black. Once it make that GOLD should make downward move and find support @ 1600 by that time Dollar would have completed Wave II in Red and will start pulling back to make Wave III in REd during this time GOLD...

profitadda Updated 

Still we hold recent low made @ 17215 we can still bounce and have probability to make new high In nifty. Once it breaks above level than we can expect a further correction before turning high. However any good correction should be very good opportunity to buy Nifty for a longer term as we are just in completion of Wave I in Red and still have to make wave III...

profitadda Updated 

CURRENTLY PRICE IS MOVING IN A CHANNEL. TILL IT MOVES IN CHANNEL PATTERN IT IS A INDICATION THAT ITS A CORRECTIVE WAVE AND WE CAN EXPECT A NEXT ROUND OF IMPULSE WAVE WHICH CAN TAKEN MARKET TO NEW HIGH. IF PRICE OVERCOMES EARLIER SWING HIGH OF 15310 THAN WE CAN EXPECT IMPUSLE WAVE MOVE WHICH CAN TAKE NIFTY TO 17300 TO 18200. AND ON OTHER SIDE IF IT CORRECT BELOW...