yogi_sharma_elliottician

yogi_sharma_elliottician Updated 

Heg long for target mentioned on the chart. Thank you.

yogi_sharma_elliottician Updated 

Reliance moved further some 15 points than our target and reversal expectation. In a daily chart we can see today a dogi was formed, safe traders will short only below 1220 and aggressive traders can go short near 1243 w/ minimal SL of 1247 for target 1194 and below. Thank you.

yogi_sharma_elliottician

Look to sell bharat fin around 672/75 for target 636/30 with sl 983.85

yogi_sharma_elliottician

As mentioned in previous chart, it is about to complete its 5th wave. we can look for reversal 683/673 zone. Aggressive traders can enter for long when it bounces from the zone, safe traders will wait for confirmation signal. Thank you.

yogi_sharma_elliottician

AS suggested in my previous idea, we were looking to sell and waiting for confirmation, today in daily chart Kotak has formed a bearish engulfing pattern. Safe traders will sell below todays low(gap up/down avoid), risky traders will enter at rise. Please note- My all the trades are positional, traders should always learn to lock their profits.

yogi_sharma_elliottician

As mentioned in my previous sunpharma idea, we were looking to long sunpharma but we waited for proper buy setup, my strategy is always to buy/sell at dip/rise making R:R favorable. Analysis mentioned above. Thank you.

yogi_sharma_elliottician Updated 

As we are have sweetly reached our target, we would be looking to short from current levels Only with proper confirmation signals

yogi_sharma_elliottician

Will only go long with proper reversal waves

yogi_sharma_elliottician Updated 

Reversal zone as mentioned, if you're long or taking trade for higher levels be cautious that's what I can suggest. Bears coming soon.

yogi_sharma_elliottician Updated 

Should we ignore alternate count? Never. Short below 2092.65 keeping sl 2151 long above 2151 keeping sl 2092.65 Alternate counts in comment section

yogi_sharma_elliottician

As mentioned in my last chart the fifth wave started and most probably it has ended, we can clearly see how beautifully it touched the channel and took the support at the lower channel and price pushed up in the EOD. We would again look for strong impulse upside, further entry price and SL will be updated as market goes live. Thank you

yogi_sharma_elliottician Updated 

Banknifty is facing difficulty to break resistance at 27571/608 and getting good support at 27369/337. We can get great opportunity to buy if hits support and hold above it.

yogi_sharma_elliottician Updated 

SBIN has just missed its 4th wave by 4 points to make its ED or wedge invalid. So, till now, it is safe to say SBIN will move towards 313/15 in three wave move for a fall. This will be again invalid if it moves further 316, but still it will be a reversal point for another two reasons= 1. Formation of a triangle 2. Major support at 315/16 level

yogi_sharma_elliottician

Long

yogi_sharma_elliottician

We are facing a stiff resistance upside at 10925/30 level and strong floor at 10860/40 level. The bulls manages to push the price up at 10860/40 level and closing is near high every time, this shows some bullishness. It's always had been a great opportunity to buy at 10840 level. We would again buy at the support if it holds above 10840 , below that we could see...

yogi_sharma_elliottician

TCS will move more 250 points from here

yogi_sharma_elliottician

Analysis on the chart

yogi_sharma_elliottician

Most probably wave 4 has completed now. The 5th wave have started probably, which I was expecting since past few weeks.