NSE:RAIN Flag pattern formed on daily charts, breakout point.
It seems we are yet to complete Wave 4, per my previous analysis nIfty would have been moved higher to complete Wave 3 of 5, but today's drop just after approaching 78% retracement suggest that we just completed the correction B, and drop was the completion of C. As C will complete smaller 5 waves, before closing small pull back looks like completion of wave 4 of...
IT sector has had a brilliant time in last month or so. KPIT was super. The tide is turing now. 140 seems likely from current levels
The chart says it all. Strictly cash buy. No leverage. Will pay off well. Has a long way to go.
Price fell short of retracing to Yesbank NSE Indian Stock weekly demand level around 319 and kept on rallying strongly in a big picture uptrend. New weekly demand level created higher around 351, price did retrace to this weekly demand imbalance, playing out nicely. Long bias at new areas of demand on Daily and Weekly timeframes
Based on my Wave Count the Larger Degree Wave III is coming to end as we are potentially in Final Wave of Wave III. Once that is done we might see either a Flat correction or a Triangle correction both of which are sideway correction which might take a year or more to unfold and the Fifth Wave Targets could be around 11100 to 11400 from where the markets might get...
Previous supply zone intact and is pushing the prices down. Alternate Trading plan is to wait till the price drops and WRITE 1500 PE Puts.
Titan is potentially giving a shorting opportunity at current levels for a C wave correction. If the count were to be correct then small stoploss at around 640 should work out with targets of 550 / 540. Happy Trading! Siraj PS: Don’t Forget To Register for FREE 14 Days FULL Website Access Worth Rs. 7500/- at following link: www.prowaveanalysis.com
BankNifty Will give a upmove from current levels for a short correction. One can take Long positions with Stoploss just around 23650 and Targets around 24350. Its a short term trade with nice risk-reward. Happy Trading!
Hi Everyone, Last month sharp fall due to shell companies issues trigger the market, Immediately market recover to that level. Now Nifty trading nearly previous month high, I am looking for another sharp fall left in the market as per wave analysis. I am expect market reach the 10150 level next week and sellers will trigger the another impulse wave target of 500...
Its pretty self explanatory. Do you see a fractal too?
After a Sharp Weekly drop last week nifty might consolidate with 50% upmove and if the upmove is a corrective wave pattern then a potential down move would take Nifty to test the previous breakout levels around 9100 levels in the coming weeks. The current down move can also turn out to be a side ways movement for several weeks which would mean new highs would come...
It looks like NMDC has just completed a 5 legged up move with the Wave 5 being an Ending Diagonal. Currently it looks like the market is moving down in a Zig Zag corrective structure and can see atleast one more leg down. It should be noted that I do not track this instrument and this is my first look at it.
A POTENTIAL CUP AND HANDLE FORMING? Looks like it!
I have said many times when we don't have any thing on left of the price we need to take support of Fibonacci and analysis tools of WD Gann. Important levels of fibonacci are marked on chart. Which may play important role in price action. While using fibonacci levels I have applied tool from 2 different impulse legs. Levels which are in conjunction are .27%...
Hi Friends, A short term buy setup is making so you can buy up to the 61.8, then look for down move.