rajivghosalkar

rajivghosalkar

Nifty has been moving in almost a perfect symmetry in respect to both , PRICE and TIME Refer to the chart, I would like to share the observations found in Price and Time from Nifty's Price action. Can I state boldly from this observation that, Nifty may target for 16209.95 on Thursday 28 July 2022 ?

rajivghosalkar

A great shorting opportunity in JSWSTEEL is up for grabs with a target below 600. stop loss would be 680 and target 600.

rajivghosalkar

While maintaining a strict Stop Loss of 2025, Reliance is giving us a nice 1:4 risk : reward in this shorting opportunity.

rajivghosalkar Updated 

1.Economic Times published ZEEL results today - Net Profit plunges by 95%. Advertisement revenues drop by 64%. Despite the increase in viewership across mediums, monetization was weak. 2. Change of leadership at top management level. This is a story on fundamental level. Should these news, prompt the stock to propel upwards??? Any Fundamental analysts ...?...

rajivghosalkar Updated 

Since March 24, 2020 Nifty had begun its D wave of a NEUTRAL TRIANGLE (a special type of NeoWave pattern). This D wave has formed a Bow-Tie Diametric pattern. All calculations are marked in the chart. As G wave of a diametric pattern tends to equal A wave, the possible culmination of this wave is very near at 13100 levels and E wave of the NEUTRAL...

rajivghosalkar Updated 

A 38.2 % Fibonacci retracement suggests the chart to reach 2.137. Short below 2.414 for a target of 2.137 and Stop loss of 2.465

rajivghosalkar Updated 

Nifty has completed the Diametric Pattern as per NeoWave analysis. Nifty has also completed retracement of 61.8% of the entire fall which started on Jan 20, 2020. The daily chart shows a reversal warning with an Engulfing Bearish Pattern. Any fall below 10000 will show very strong bearish moves in Nifty. Thus B wave of the correction seems complete ...

rajivghosalkar Updated 

Price action in Reliance shows two paths Positives : 1. Reliance is at an all-time high. 2. Reliance is showing an inverse Head and Shoulder (as marked in the chart) 3. Head and Shoulder target is at 2320 Negatives: 1. Weekly RSI is showing negative divergence. 2. Daily RSI is Overbought ( The above points are important but not very significant ) 3. The...

rajivghosalkar

Dow Jones is has hit its resistance at 27359. Any reversal from here in the index will bring it down to 26265 by 14th Nov 2019.

rajivghosalkar

Nifty would be weak until 14th Feb 2018. The C wave has completed with an ending diagonal , as per Elliott wave. The C.5 has also created a throw over in this ending diagonal. The target mentioned in the chart. The chart may show sideways movement, but target should remain the same.

rajivghosalkar

The attached Nifty chart is for educational purpose only. The C.5 wave on the hourly chart shows a completed C.5.3 C.5.4 in progress . It can make either a regular flat or a triangle. C.5.4 is retracing the prior wave by 38.2 % with target 10511 ( max 10504 where C.5.1 has completed ). The target of C.5.5 will therefore be minimum 10618. A sharp will be...

rajivghosalkar Updated 

Reliance chart seems to have completed the d wave and has started the fall towards completing the e wave of the Triangle pattern as per wave theory

rajivghosalkar

One can go short in Nifty below 10130 levels, for a target of 9710 with Stop loss at 10170. Various indicators (RSI, Money flow index)0 have given a negative divergence in the index. One has to wait for a confirmation of level below 10130 for a extremely fruitful entry.