Monthly is moving out of 4 months old consolidation period. Weekly shows a triangle chart pattern compression BO. One may consider an immediate swing trade for a target till the supply levels marked, 280 range. Quick 5 to 10% move is seen. And if the price sustains above 180 then the stock may move to 350. Happy trading!
SENSEX - has formed an ending diagonal like most indices in the Indian market. This concludes a correction point for the markets. Price should remain bearish below the invalidation level (on chart). Corrections can be seen up to 38.2 fib level (at 51,000 mark). Or lower. This idea is based on the Elliott Wave Theory. Any investment/trade should be made with...
HDFCBANK - The stock has a bearish wave downwards and could continue to further lower levels. A consolidation below the trendline is a possibility. However, the moves are quite strong when in wave 3. This idea is based on the Elliott Wave theory. Manage your own trade/Investment with proper risk management.
RELIANCE - The stock has started an impulse downside. As long as price is below 2583, the bearish count would remain intact and a strong fall could be seen next in the wave 3. This idea is based on the Elliott Wave Theory. Manage any Investment/Trade with caution and risk management.
TCS remains at a crucial resistance level. While a move to 3580 could trigger a bullish scenario, price below the level has a bearish touch. This is only an idea. Any trade/Investment should be made with proper risk management only.
a beautiful flag has formed and we have a breakout upward triangle which can lead to an excellent long position for Q3-Q4 recommended to take profit along the way and not hold longer than the end of October.
BSE:GNRL REASON up trend 1)good supply and demand UP 1) in a UP trend 2) In Breakout TRADE WITH YOUR OWN RISk
AXISBANK - A correction downside is a possibility as it seems to have completed 5 waves up. A resistance (trend) line can also be seen which the price has rejected. A downside break opens up opportunities for selling.
UBL if sustain above 1515 next target would be 1560 and 1575. it has taken good support at 1475. it will definitely touch 1600 in couple of weeks. the chart is for study purpose only.
ABFRL Buy on Closing basis only, the price has reversed from the demand zone with rising volume. Please give a boost if you like the analysis and follow for more. Any suggestions or advice is humbly welcomed. Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you...
A follow up on the previous idea: The market seem to have completed the structure. As long as the price remains below the Invalidation level, the bearish view remains active. The monthly candle also seems to be closing inside the structure which supports this idea. This is only an idea based on the Elliott Wave Theory. Manage your own risk while trading/Investing.
This idea is based on the Elliott Wave Theory - involving the use of ending diagonal pattern. An ending diagonal suggests an end to the ongoing trend (in short-medium term). It involves 5 sub-waves and is mostly broken downwards (or upwards) with a heavy momentum. Overall the market seems to be completing its 5 waves structure too (wave count mentioned in...
DISHTV exhibited a notable bullish candlestick, concluding the day at a crucial daily resistance level. Provided the forthcoming days sustain and reinforce this robust bullish sentiment, it is likely that the ongoing surge will persist, propelling the stock's value higher towards the nearby daily swing point near 22.
The recent price movement of #YESBANK indicated a bullish breakout followed by a pullback near a significant level. It is anticipated that the price will rebound from the highlighted key level, potentially leading to a revisit of the daily resistance established between the 17-19 level.
ZOMATO has encountered a significant daily resistance level following a recent breakout from a bullish pennant pattern. The price action indicates a notable rejection, as the highlighted resistance level is being respected. In the 84-87 region, there has been substantial selling pressure, resulting in a significant price drop. The historical price movement...
INFY is currently experiencing a bearish trend on the weekly timeframe. Following a significant decline in price, there has been a bearish breakout below a key support level. The price has retraced back to this broken support level, indicating a potential continuation of the downward movement. The next support level is anticipated to be around 1100, further...
TATAMOTORS has recently surpassed a significant monthly resistance, reaching a new all-time high. The formation of a strong bullish trend suggests that the rally might continue, potentially pushing the stock above the 700 level. This assumes that buyer sentiment remains robust.
SUZL has experienced a significant rally and has now reached a significant resistance level on both the weekly and monthly timeframes. Based on historical price action at this level, we anticipate a selling pressure to emerge. If the price respects this resistance level, we expect a subsequent decline towards the key support level established at the bottom.