sameerthatte

sameerthatte

On 22-Sep-23, daily imbalance got filled. Nifty may move upwards to fill the imbalances highlighted by pink color. This would be the time to create short positions or to book the profits. Most probably, the price can come down in the range, 19224 to 18887, Monthly Imbalance zone. The mkt can come down to these levels in 1 month or 2.

sameerthatte

The logis is as follows: 1) Last 3 weekly close was above the demand zone, 835.4 to 792.7. 2) 835.4 was very important pivot (Close of week 28-Nov-22 to 02-Dec-22), which was tested many times (8 times by the weekly candles) after the breakout in the week, (08-May-23 to 12-May-23)

sameerthatte

The price is in the monthly supply zone 1668.45 to 1651.2. The priced has moved up beyond Fib Extension 2.618 (Please see the wave marking on the chart and plot Fib extension from 5.3-5.4/1-5.5/2). Better to book profit now and accumulate in the range 1611to1581; This is Fib retracement between 0.7 to 0.786 (Considering yesterday's top 1670 to the low of 25-Aug-23, 1558.4)

sameerthatte

Collect HDFC Bank on dips till it crosses and gets stabilized above the the pink supply zone: 1588 to 1598.

sameerthatte

With today's and yesterday's close > weekly Supply Zone 1610.75 to 1635.7, it is safe to invest for TG1: 1794; TG2: 2015; SL:Daily close<1617. Price has sustained above the upper trend line of the Wolf Eye pattern. On the daily chart, After making 5 impulsive waves upwards, price went side ways making ABC correction and today confirmed the weekly breakout with 2...

sameerthatte

The stock is in 3rd wave of the quarterly time frame. The daily close of 01-Sep-23 was 2504.8 which is in the monthly demand zone 2513.15 to 2373.6. It is an Opportunity to buy on dips; TG: 3388; SL: 2176

sameerthatte

Avoid taking long positions at the present level (537). the price is at the top of wave 4. The monthly supply zone is 624.85 to 567.8... It will start correcting soon in 5 waves down side... The demand zone is 314.7 to 213.25

sameerthatte

Last week's close above the center line of the channel of extreme points of corrective Elliott wave 2-4 &3 has improved the probabilities of the price going up. Now probability of the price coming below 2784 is too less. One can start accumulating from the level of 3328 or buy on dips for >35% up side within 57 weeks. Weekly RSI divergence can be seen from...

sameerthatte

In hourly chart: 1-2-3-4-5 corrective wave appears to be over or will have little more room down side. But any downward movement would be an opp0rtunity to accumulate on dips. +ve divergence RSI from19.32 to 25.42 can be observed. in.tradingview.com

sameerthatte

In week 28-Nov-22 to 02-Dec-22, @ 357,000 shares were traded, creating Morning star pattern. For the 5th wave, Sub waves 5-1, 5-2, W, X is over Now Y is the target i.e INR 8655 Till Jan 24.

sameerthatte

Corrective wave appears to be complete during the week 20-Jun-22 to 24-Jun-22. This is buy on dips candidate. Aggresive buying can be done once the weekly candle closes > 262.

sameerthatte

DOW Jones WXYXZ Pattern seems to be complete even though the Fibonacci extension XYXZ is just 0.9 and not =>1. Reason being XZ retracement has completed 5 waves showing > 2.68 times retracement starting from 2nd X. But we will get the confirmation of the reversal only if 2 daily candles closes above 31021. Thus we can start accumulating good stocks in small...