yogi_sharma_elliottician

yogi_sharma_elliottician Updated 

If you see 8 out of 10 people are bullish for a stock, look for bearish possibility. See what that remaining 2 people are doing and be more biased towards the remaining 2. Example?- Remember what majority of people where predicting when reliance was near 1300 level? Reliance will make new high, right? Well, here is the chart. Why I am saying this? because, the...

yogi_sharma_elliottician

long at the said level. But do not short here. thank you.

yogi_sharma_elliottician

In my last update, I mentioned keep eating profits, now its time to book profit and look to go short after completion of hypothetical right shoulder of h&S(wave 2). Thank you.

yogi_sharma_elliottician

Incase if it starts falling near 430 level, expect 410 level. lock your profits for long, else all the efforts will go to vain. Thank you.

yogi_sharma_elliottician

analysis on the chart. If R:R not favorable do not trade. Thank you.

yogi_sharma_elliottician

Once it holds above 417 go long for mentioned target. thank you.

yogi_sharma_elliottician Updated 

Analysis on the chart Thank you.

yogi_sharma_elliottician

analysis on the chart. Thank you

yogi_sharma_elliottician

Alanlysis on the chart. Thank you.

yogi_sharma_elliottician

Is wave 5th complete? Well, looking at my analysis you would have predicted what I want to say. Manage your trade as per your strategies. Your target and sl. My setup on the chart. Thank you

yogi_sharma_elliottician

Trail the sl at the mentioned Sl and keeping selling for the below target mentioned. If any need to close the trade,will update. Thank you.

yogi_sharma_elliottician Updated 

Will look to go short only with proper reversal. No shorting without reversal, remember. Thank you.

yogi_sharma_elliottician

We have reached our upside target as mentioned in my previous update. Now downside are target is below 1700. Lets go step by step. It seems like it is forming expanding diagonal. But remember it is hypothetical. Safe traders will enter at completion of diagonal(i.e wave 1) and wave 2 to enter wave 3. Will update on that, bur for risk takers can go short with sl...

yogi_sharma_elliottician Updated 

positive results are out and we saw the impact at the last 15 min at the EOD. We may see more upside towards 449/51 level, since the results are out, and it moves above the ceiling, it won't be surprising. but for me it's still wave b, so will expect downside after the completion of wave b towards 416/17 level. If you trade on news/event basis, it's your call to...

yogi_sharma_elliottician Updated 

As mentioned in my previous idea, The new high shouldn't sustain and it didn't. Now, formed a evening star on daily chart giving a signal to go short. Rest analysis on the chart.

yogi_sharma_elliottician

In my previous idea of raymond we were looking to short for wave v of 3. We were expecting to touch near 770 level were we would have gone short. But, we missed it by 6/7 points(at least I missed it), and it fell to 630 level within no time. Boom. Now, we are looking to short at 720/736 (depending on the wave) for target 590 and below. If you are risk taker and...

yogi_sharma_elliottician Updated 

We are almost done with downside target, it seems now 4/5 points more down from here to 616/614 level. If it holds above this level look to buy for target 647. Thank you.

yogi_sharma_elliottician

It seems like we are in wxyxz pattern. Today we touched, 421 level filling the gap and bounced from the same level to 433.5, but the upmove doesn't look convincing enough. Now, going short in a bullish trend, and without proper SL doesn't look like a good setup, and going long is risky. We would wait instead for below levels if we get a chance. Thank you.