satheeshSelvisubramanian

satheeshSelvisubramanian

1)This pattern is valid till 1725 2)False breakout from parallel channel and took a resistance at 0.5 level of fib 3)From Here HDFC Bank can travel in two path option 1: It can reverse from 0.5 level of Fib and can first level of support from this trend 1164 option2: It will break the parallel channel and reverse from 0.618 level of Fib..

satheeshSelvisubramanian

1)HUL took a resistance exactly @1.618 level(Fib from 1901 to 2413(previous swing low to high)) 2)Took a support on top of parallel channel Pattern: parallel channel move Possible Movement: option:1 if it closes below the parallel channel we can sell call strike above 2720 with stop loss of recent high option2: if it closes below 2534 level of Fib .. we can...

satheeshSelvisubramanian

excepting Down Move from here(False Breakout from channel) This case is valid until BN reverse below 39759 Based on Weekly TF BN print a shooting star reversal candle exactly at 0.786 level of FIB Target: Wave C can take first target of 29872(1.236) or 26176(2 level of Fib)

satheeshSelvisubramanian

excepting Down Move from here(False Breakout from channel) This case is valid until Nifty reverse below 17992 Possible Support: 1)Nifty can take a support bw 17108 to 16950 zone (Gap Filling Area) 2) Fib level of 1.236 (16971) 3) bottom of parallel channel

satheeshSelvisubramanian

Reliance trading near the bottom of downtrend line . 1) First level of support @ 2537 and then at 2337.

satheeshSelvisubramanian

currently in downtrend it can take a first level of support in bw 1733 to 1673 if Support zone is broken and current impulse wave is completed and correction wave is started if not option 1: It can reverse from this level 2070(It leads to end of long impulse wave and correction wave will get started) option 2: it can make a up move from this level 1736(triple...

satheeshSelvisubramanian

wave E already took a resistance @1.236 level of FIB.. Currently it can move in two option option 1: It can reverse from this level 2070(It leads to end of long impulse wave and correction wave will get started) option 2: it can make a up move from this level 1736(triple bottom and can make a move upward with target of 2461)

satheeshSelvisubramanian

1)Triangle pattern breakout 2)Flag kind of formation from covid low 3)Reliance took a resistance exactly @2.618

satheeshSelvisubramanian

1)Flag kind of formation from covid low 2)Reliance took a resistance exactly @2.618

satheeshSelvisubramanian

BN print a shooting star reversal candle exactly at 0.786 level of FIB Target: Wave C can take first target of 29872(1.236) or 26176(2 level of Fib)

satheeshSelvisubramanian

Triangle + parallel channel breakout Daily Time Frame analysis: RSI: Currently @ 70 level ,so High Possibility for reverse as per History RSI Data MACD: Histogram shows some weakness ,So We can wait for reversal candle formation along with signal line cross over

satheeshSelvisubramanian

Spot is near Trend line Resistance But... In Nifty Future it some more point way... Wave B can take a Resistance @0.786 0r 0.854 level of wave A Wave C can take a support at 1.236 or 1.618 of wave A

satheeshSelvisubramanian

Target: Wave B can take Resistance bw 17872(0.786) 0r 18106(0.854) Wave C can take first target of 14376(1.236) or 13070(1.618)

satheeshSelvisubramanian

1)Nifty approaching top of trend line 2)High Momentum found in Histogram of MACD if any reversal pattern found, we can contained it as an reversal 3)Pattern valid until current up move close below 38765 4)Wave C can take target of 29191(1.618) or 26207(2 level of Fib)

satheeshSelvisubramanian

Daily chart Elliot Wave Pattern: Its clearly wave C can complete @ Distribution Zone RSI: Currently @ 70 level ,so High Possibility for reverse as per History RSI Data MACD: Histogram shows some weakness ,So We can wait for reversal candle formation along with signal line cross over

satheeshSelvisubramanian

RSI: Currently @ 70 level ,so High Possibility for reverse as per History RSI Data MACD: Histogram shows some weakness ,So We can wait for reversal candle formation along with signal line cross over

satheeshSelvisubramanian

Target: Wave B can take first level of support bw 16893 (0.5) 0r 17300(0.618) Wave C can take first target of 14376(1.236) or 13070(1.618)

satheeshSelvisubramanian

This Elliot wave valid until Wave D ends below 0.5 of wave C Target can be any where Bw 14300-14080