Banknifty seems like completed 5 wave sequence at last top. But similar to Nifty there are two proability at that point as either further subdivision or reversal. So go short below 30200 with stop loss above last high. But if price crosses above 30805 level then go long for higher high as target.
Nifty seems like completed 5 wave sequence at last top. But there are always two proability at that point as either further subdivision or reversal. Wait for impulse down as confirmation of reversal then sell on bounce will be one set up. If price go above last top and stays there for more time then go long for higher high as target.
Coalindia is in impulse wave and about to finish the 5th of 5th wave soon. It will start B wave down after completing A wave, which can be sell set up for quick trade. Notice the divergence before taking trade of sell set up. Once B wave finishes, the Buy set up will be there for C wave up within ABC zigzag move up from major low of 109.50.
Banknifty is in 5th wave up after triangle 4th wave. Go long only as far as price stays above 29126. It is about to break out the triangle. The sharp up after break out will confirm the count.
ICICIBANK - it is in 5th internal wave of C up. stop loss is 467.10 target will be above 492 or higher.
NIFTY - within 4th wave correction but soon finished and go for one more high to end the 5th wave of 3rd wave up above 12800.
Banknifty - It is moving in C wave up. The current up move may be 3rd wave of C, which may end soon, thereafter buy the three wave pull back of 4th subwave for new high in smaller time frame.
ICICIBANK - The drop was impulse down as A wave. Expecting bounce of B wave as sell opportunity for C wave down. Wait for B to finish up to zone 405-415 with stop loss level above 428.60. Give thumbs up if you really like the trade idea.
HINDALCO - It dropped in A wave impulse cycle, so wait for B wave bounce up to 175-181 zone. Sell in that zone with stop loss above 187.75 for target below 160 or lower. Give thumbs up if you really like the trade idea.
HDFCBANK - It has completed impulse cycle up side. The drop was corrective W, which was about to finish and bounces off in X wave. After bounce it will again start bearish cycle. Give thumbs up if you really like the trade idea.
HCLTECH - It has completed ABC flat correction as the part of complex WXY. Now X wave is in progressing. So wait for X wave to finish higher around 880 or above. Thereafter Y wave will again start bear cycle downside. Give thumbs up if you really like the trade idea.
EICHERMOT - It was dropped in diagonal wave A and will start correcting in B wave up, so go short near 2175-2230 zone with stop loss above 2304 for target below 2040 or lower. The pattern ABC will be the part of (Y) wave down. Give thumbs up if you really like the trade idea
INFRATEL - It was dropped in diagonal wave A and correcting in B wave, so go short near 190-196 with stop loss above 206.10 for target below 167 or lower. It will unfold in simple ABC zigzag pattern. Give thumbs up if you really like the trade idea.
EICHERMOT - It is in complex correction and the last fall in 15 min time frame was impulse down as wave A and need to correct higher in wave B. So sell it with stop loss above 2303.10 level near 2220-45 zone for target below 2100 as C wave as the part of W of (Y) wave down. Give thumbs up if you really like the trade idea.
NIFTY - It has two probability as either 5th wave extend further in diagonal structure OR it will correct down in ABC structure. So as far as price remains below 12023.90, stay bearish, but if price crosses above that level than price may form diagonal in choppy fashion. Sell with stop loss above 11975 for down cycle C wave for target up to 11750-650 zone with...
Infratel - It is in very choppy within 4 hr time frame with down sloping price action and under-perforing the Nifty since long. So it is good sell candidate in small bounce of B wave for C down within ABC zigzag cycle. It may even extend the losses for bigger (Y) wave down, but need more confirmation. sell near 188-86 zone with stop loss above 195.05 for target...
ICICIBANK - It is in ABC zigzag up move from last bottom in 30 min time frame, which is probably start 4th wave of C soon. Buy near 389 for target above 410 or slight higher. stop loss should be below 382.80 for the trade, because below this price level it turns bearish. Give thumbs up if you really like the trade idea.
EICHERMOT - It has completed impulse at last swing high and now correcting down the price. Within correction it is forming ABC zigzag up move, where B wave as expanding triangle is under progress. Buy the drop of e wave of B wave triangle near 2170-2150 zone for target around 2300. It may reverse than for (Y) wave down along with Nifty. Give thumbs up if you...