SirajHudda

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 ...

USOil is giving a buy setup after 61.8% correction from the last rally. I would expert it to go higher from here with stoploss around 43 and targets around 49. Happy Trading!

Gold - XAUUSD is Possibily forming an Ending Diagonal in a Wave c of a-b-c correction which will also potentially complete Wave B or 2 of larger Wave Count completing the correction of over all rally from 1150 to 1375. Gold has corrected in a 3 wave decline and is not around 61.8 fib retracement levels. MACD is giving Divergence on smaller timeframes 240/60 giving ...

IDEA has been correcting since a long time and it looks like the correction is Potentially Over.. I am taking an Early Action on it with a small stoploss around 63 levels and Targets around 120. There is Bullish MACD Divergence on the chart and the last candle is bullish one to give some support for the prediction. Happy Trading!!

Ashokley is all set to go higher from current levels. One can go long on the stock at current levels with stoploss just below 80 levels and targets around 88.5 / 90 levels.

GBPUSD Retested the Upward Trendline and started to move upwards. I would expect the pair to go higher from here as First Targets around 1.3075 and Second Targets around 1.3250

DOW is giving a short setup.. After giving the decline from its highs the retracement was in a 3 wave and therefore it suggests that DOW will go down further towards the first targets or 17750. Happy Trading!!

USDCHF is moving in a sideways correction for the time being. The Current move has reached over 61.8% fib levels in an correction wave pattern and therefore I would expect it to go lower from current levels or after touching the upper trendline of the channel as shown on the chart.

USDCAD is giving an ABC correction and I would expect it to rise towards 1.3400 level as Wave C of the correction. Details are on the chart.

Copper is giving a Buying Opportunity near the 61.8% retracement of the last rally and correction has reached the bottom of the trend channel within which Copper has been correction. Last 4 hour and 1 hour Candlestick pattern shows bullish pattern with divergence in 1hr chart. Its a nice risk reward trade if it does reverse and go up from here.. Targets and ...

CrudeOil is giving a Short Setup!! Current correction would potentially be a Flat or Triangle type corrections as this could be a potentially intermediate 4th wave correction. Happy Trading!!

Nikkei 225 index has been in a correction and is not moving higher to test the upper trendline.. If broken above it could go higher toward 20000 levels or probably move down and correct further.. Expect current rally to carry further till 17600 levels for the time being. Details are on the chart. Happy Trading!! Siraj Hudda, CFTe Web: ...

TataElxsi is giving a Buy Setup and is ready for a substantial upmove upon breakout. I would be buy stock around current levels with stoploss just below 1590 for a Target of 1800 / 2000. Details are on the chart. Happy Trading!! Siraj Hudda, CFTe Web: http://www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: ...

Silver is correcting for now as a Flat correction. Down side is possible till 18.50 from where expecting it go higher above 21.50.If it continues to go lower below 18 then it probably might be doing something else and invalidate my analysis. Looking for reversal and buying opportunity around 18.5 levels. Details are on the chart. Happy Trading!! Siraj Hudda, ...

EURUSD down move to continue after consolidating for a while.. I would expect EURUSD to go lower next week with previous targets of around 1.06 as posted earlier. Happy Trading!! Siraj Hudda, CFTe Web: http://www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: https://www.facebook.com/prowaveanalysis/ Twitter: ...

US Dollar Index is forming a Flat Pattern.. One can go long on USD once the breakout happens for a target of 12150. Happy Trading!! Siraj Hudda, CFTe Web: http://www.prowaveanalysis.com Skype: sirajhudda Email: contactus@prowaveanalysis.com Facebook: https://www.facebook.com/prowaveanalysis/ Twitter: https://twitter.com/sirajhudda LinkedIn: ...

EURUSD has been consolidating after the break of shorter term trend line indicating that it would have more down side possible. Looking at the structure that has bee going on in EURUSD a 4th Wave Triangle might be forming and if that is true than the pair should not go below 1.05168 which was B wave bottom and if the pair turns before that than one can go long for ...

AmericanSetup is giving a But Setup.. Details are on the chart.