Ultratech cement is looking very strong and headed towards 7100+ in short term and 7300 in mid term. Watch out for the stock breaking out above 6980 with good volumes.
Gold has already found its momentum to return to the upside. This analysis is specific to trading positions, and takes place over the medium to long term. Target 1 -> 2020, Target 2 -> 2175.
This chart I quickly drew for myself a while back. Any more information or explanation please just leave comment. With the US Vaccination numbers compared to other countries I would definitlly trust the US companies the most while other countries still struggles with getting Covid undercontrol. We all saw what the market does when lockdowns are announced so for me...
I think the last top was the end of the B wave, and if so, the following drop should be the reversal impulse, and then we got a correction. After it should have made a lower degree reversal impulse. Now, I'm waiting for a complete correction to sell it.
After breaking the previous low, it jumped back quite strongly, and created a reversal impulse. So, I'm waiting for a big enough correction to take a long trade. If the whole downward structure was a complete correction, we will have a nice upward impulse, otherwise, a correction and more downside.
Reliance had been inside a zone since Oct 2020 and last week it finally broke past its major trendline and resistance line! With the weekly pattern now looking bullish and favourable risk:reward Reliance is my top medium term pick. Long above 2250 with a stoploss of 2150 or your risk appetite for targets of 2700+
The last top can be the en of the monthly running flat, and if so, the next wave will be a huge drop. That's why I want to take a short trade. I'm waiting for a small correction under the trendline to place a pending order. Then I hope it will fall fast, but I don't know how deep will be the next wave. It can be a big or small one before its bigger correction.
The downward structure can be a complete correction. If so, we should have a reversal impulse and now, it should be making a correction. That's why I placed an entry order. The next upward movement will break the trendline, and then we'll see how far it will go before a bigger correction.
The last low can be the end of the monthly regular flat and the next wave can be a huge upward impulse. After the orange C, it made an impulse, which broke the trendline, and a correction, which bounced back from 0.886 retracement level. So, we may have a complete reversal pattern, and it seems a trade setup is in the making. That's why I placed a pending order.
Since the previous weekly low was broken, we may have a complete regular flat. In this case, it will go up and break the previous top at 1.47. Of course, the C wave might not be finished. In this case, we will have a correction and more downside. Now, I'm waiting for the A wave to take a long trade. Although my expectation is a bigger correction, I don't want to...
The upward structure can be a correction and if so, we should see a nice drop, which will break the previous low at 23.78. That's why I placed a pending order to take a short trade. If it makes a correction for more upside rather than a downward impulse, I'll hedge my trade. My risk is 0.5% because of the strong momentum of upside and the fact that 0.786 hasn't...
We may have a complete correction between the green lines, and a reversal impulse. So, the next wave should be more downside after a correction. The structure between the yellow lines can be a complete correction. That's why I'll take a short trade when I see a valid trade setup, which is a correction after the break-out. That being said, my main expectation is a...
The last top can be the end of the monthly running flat. That's why I want to take a short trade. We may have a complete reversal structure. Now, I'm waiting for a small trade setup to place an entry order. It isn't my main plan to place an order under the potential reversal impulse because we may see more upward movements. There is a trendline around 155,500. So,...
We may have a complete correction and small reversal structure. Actually, we may place an entry order over the last top, but I don't want to do that because there is still a chance for one more downside. That's why I'm waiting for a small trade setup after the running flat. If I get it, I'll place a pending order and move SL to BE when it breaks the last top.
Although my expectation is a bigger correction under the blue trendline, the upward movement can be a complete correction, and we can have a strong downward impulse. That's why I want to take a short trade and see what will happen next. I'm waiting for a valid trade setup to place a pending order.
The blue ABC may have a complete contracting flat. If so, the last upward movement should be the reversal impulse. And the last part looks like a correction. That's why I'm waiting for a small trade setup to place a pending order.
until now, SRM show steady gain without being too volatile. i can say that SRM is a safe investment, for 1-2 weeks just hold it till it reach the target TP. the buy zone that i recommend is for catching wick so place order now and wait, go for the number that youre comfortable with. im using snr and trendline analysis, i hope analysis could help you to make your...
Unfortunately, the internal structure of the yellow C is a mess. That's why it's not clear if it's over. We may see more downside. But the bigger structure looks pretty clear. As you can see, my expectation is the C wave for a complete regular flat. So I'm waiting for a valid trade setup to place a pending order. What we have after the last low can be a trade...