sKeshav

sKeshav

This is based on the Elliott Wave Theory. The current structure can be assumed as a triangle due to internal ABC formations. This suggests that the price would remain bullish from the current levels.

sKeshav

The idea is based on the Elliott Wave Theory. It suggests that the correction cycle may be over and the next bullish cycle could begin from here.

sKeshav

The stock may have completed it's correction as it is also down 60% from the top. If price drops further below 129.5, it may extend the correction towards 115. As long as the current low remains intact, it is likely that the stock will continue its bullish cycle.

sKeshav

The current structures can be assumed as a triangle with internal ABC waves. As long as the price does violate the rules and remains above the wave C, the bullish price action remains active. This is based on the Elliott Wave Theory.

sKeshav

Since this is a complete waterfall, it is yet hard to say if the stock is correcting or if it's going to remain bearish only. Seeing the fundamentals and the energy around the stock, it is unlikely that it will pickup any time soon. As per technicals, this is a complete bullish cycle completed. This is based on the Elliott wave theory.

sKeshav

EURUSD has finally completed its long correction upside. The ending diagonal is also completing and price reversal is expected from this level. For adding shorts, the stop loss can be used at the previous high (wick). We can see impulsive move downwards in the coming week to finish its bearish sequence.

sKeshav

This analysis shows the whole downside as a corrective move. And the ongoing ending diagonal confirms a reversal to more upside. The invalidation level remains at the previous low, and above that the upside remains a likely move. The Fed's Interest rate decision could trigger the strong move breaking the structure. Price breaking the previous low (Invalidation...

sKeshav

Adani Enterprises - As per technicals, the stock is likely to complete 5 waves on a larger degree which could result in a trend change in short-medium term.

sKeshav

MPHASIS - The stock may have completed its correction cycle and resume higher now. As long as the correction doesn't extend (price doesn't fall below the previous low), the uptrend should continue in the long term.

sKeshav

The idea is based on the Elliott Wave Theory. A potential ending diagonal suggests a reversal of the trend. In this case, we can see some more upside near to 4500 level, followed by a bearish correction/impulse.