riskOmeter

riskOmeter

As per the wave personality theory, the best news about a stock comes during 5th wave of some degree. The scrip has been in news lately for various good reasons and every analyst / news channel is covering the same. However, technically - We may be in the 5th wave of rise from Nov 2020 lows of 22/- as marked - On weekly scale, the 5th is almost complete unless...

riskOmeter

Follow up to earlier post The set-up looks completed on lower TF (lower than Daily). However, better confirmation will be on close below PDC. Lets see how this develops...

riskOmeter

The scrip faced resistance at - 50% retracement of the earlier 5 wave down move - near 4th wave of the 5-wave leg - Channel's upper end. Is this stock ready to touch the lower end of the channel - which may coincide with larger 4th wave ?? Let's see how this develops....

riskOmeter

The scrip has faced resistance at - 66% retracement level of the earlier 5 wave down leg; and - falling trend line from the highs RBI policy tomorrow, may help it to get back to 169-170 odd levels to complete the structure. We would be keenly watching this scrip for next leg down. Let's see how this develops.

riskOmeter Updated 

Falling wedge (Ending Diagonal) is normally the end point of any corrective structure in EW terms. Even the current structure seems to have completed with this ED. The correction halted (if it has) near the golden ratio of the last rise from June lows. Today's close will be crucial in assessing if the correction is over - close coupled with Buy crossover in...

riskOmeter Updated 

The stock is currently in 4th wave consolidation. Break of 245 price may move for the 5th... minimum projection being 220 for the same. Lets see how this develops.

riskOmeter Updated 

The structure indicating that the scrip in last leg of corrective phase - wave 2 Crossing Swing highs would make a valid Inverted Head & Shoulder Pattern - as the move in head was a clean 5 wave structure. A probable Trend reversal on long term chart. We would be looking to have a starting position on green closing (daily TF) and add as and when the swing high...

riskOmeter Updated 

Rise from 66.30 was a clean 5 wave structure (1st or A wave) and now the corrective phase going on. With "c" of abc pending, it is expected to complete in the coming week amidst global market volatility. We would be looking to enter long trade at first instance of reversal for 3rd or C wave up. Please note this is personal observation and basis of our...

riskOmeter Updated 

Rise from 1061 - 5 wave structure - wave 1 of A Current structure - "c" of abc pending abc correction will complete - 2 / B wave - Right shoulder of the Inv H&S (after long term down trend) - could be strong trend reversal The corrective phase may probably get completed at shallow retracement - further indication of strong up-trend. Post completion of...

riskOmeter Updated 

A / 1 as clean 5 wave rise. Deep zigzag correction in B/2 Friday - Green closing - Lower Band support - Momentum indicator turned up without giving sell signal Could not get better than this with very impressive Risk-Reward ratio. Please note this is not a trade recommendation. Only our observation based on our study. Kindly consult your advisor for any trade...

riskOmeter

Price respected the 20 DMA and even closed slightly above 40DEMA. Monday if it could sustain the 20 DMA again on closing basis, we could see the next up move developing. We would be happy to see the price take expected path marked. We are invested, please do your own due diligence before investing.

riskOmeter

Diamond pattern is considered to be reversal pattern. However, from EW perspective, Diamond pattern normally occurs in wave B and therefore, their position will define whether it is a reversal or continuation pattern. In the current set-up, since the long term picture is bullish, we are inclined towards considering the diamond pattern as reversal pattern for...

riskOmeter

Today will be result reaction for the stock. Today's closing will decide whether the pattern gets validated or not. Let us see how this develops

riskOmeter

5 wave rise - > shallow retracement (38%) -> 2 closes above 20DMA Weekly Positive closing Keeping fingers crossed for the marked zones Happy Trading !

riskOmeter

A 5 wave rise -> 50% retracement -> 2 days closing above 20DMA Weekly positive closing confirms B/2 completed near latest swing low. Risk Reward looks favourable for longs. Lets see whether this reaches the yellow zone or not.

riskOmeter

Yesterday's price action confirmed breakout above following classic chart patterns -> - Flag pattern breakout above 73.60 during intraday - Cup-n-handle with typical shallow retracement of 38.20% - as it closed above 75.65 The best part of these breakouts is that there is a 5 wave previous rise associated with it. Good times ahead

riskOmeter Updated 

Stock seems to have completed a leg of downward corrective phase at recent swing low. Price is currently near breakout of a wedging structure which could be an additional confirmation of pause in downtrend (at least). With momentum indicator back in buy mode along with positive divergence, stock price may move towards marked zones. Invalidation level will be...

riskOmeter

Another stock where Fresh impulse wave might have started. Shallow retracement of only 38.2% in wave 2 indicates that strong trend has started. Step by step this may develop in a big structural move. Risk Management and Position sizing will remain the key in riding this trend.