profitadda

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...