MarketsMonk

MarketsMonk

Step 1- Nifty has given breakout from resistance line on 31st dec 2021 Step 2- Nifty should retest the arc or resistance line, it is done today on 28th jan Now we are heading to all time high on Nifty 18600 probably in the month of February. Note- This is for educational purpose only.

MarketsMonk

Ending diagonal in process of making, we will likely make triple top. Stop loss - 2 consecutive closing below 1150. This is for educational purpose only

MarketsMonk

Long term trend , i am still bullish for a target of 19200 but we may see 17300-17400 next week. Fed Tapering anouncement may result in wave 2 formation

MarketsMonk

Triangle pattern in wave Y. Gold may be moving up to higher targets of 2500 $ if 1763$ is protected.

MarketsMonk

BTC has Finished first wave of correction and now heading towards 48000-52000 $. After that it will go down towards 10000 $ in 2022. Good luck! We will entering in deflation period probably by end of 2021. Everything will crash that time. 80% decline from Btc top is very reasonable target.

MarketsMonk

Wipro CMP- 469 Target 1- 450 Target 2 -415 stoploss - 479

MarketsMonk

Short Banknifty for a target of 29000

MarketsMonk

Reliance looks good at 1935 wyckoff accumulation spotted in reliance. target 1- 2200 target2- 2300 target3- 2600 Stoploss- 1850

MarketsMonk

BPCL giving you a good opportunity. a very good trade setup in BPCL CMp- 434 TARGET- 585-490 STOPLOSS- 414 TIME PERIOD- BY MAY 2021

MarketsMonk

cmp: 5484 Sl: 5550 A good risk reward trade

MarketsMonk

1. NIfty forming Bat pattern. 2. FII are selling in cash market and have 1.9l in puts. 3. Smart money distributing and pro have sold call at 15000, 15300, 15200 Stop-loss is any closing above 15200

MarketsMonk

Bottom is in for Gold. we may never see 1675$ gold price in this decade. Now the new wave has started. Gold will do wonders in coming weeks, months.

MarketsMonk

Cmp - 25.50 Long at: 25.50 Stoploss: 25.25 Target: 28 Good reward to risk ratio.

MarketsMonk

Gold is starting new impulsive wave CMP - 1705 Buy Gold at: 1705 Stoploss: 1688 Target: 1800 Time period: March end we are now in wave 3 which will end at 1800 around. Cheers and enjoy.

MarketsMonk

We have seen very similar fractal in NIfty last year. IMO we will fall to 13500-13800 in coming days. CMP- 15120 stoploss - 15300 Target - 13800 Good risk reward if fractal repeats. Also Elliott wave suggesting C wave to finish.

MarketsMonk

Sentiment is super bearish which is usually happen when wave 2 ends. All set for 35$.

MarketsMonk

Long Tcs at 2850 Stoploss : 2700 Lets catch the last leg of TCS.

MarketsMonk

ASian Paint Long