Adaniports - Elliott wave analysis -(B) of (A)(B)(C) correctionIt is forming ABC zigzag in (B) wave and expected to move higher around 790-810 zone to end the (B) wave before it starts bearish (C) leg.
Indianstockmarket
COALINDIA analysisIt's in an uptrend, moving in a channel.
Based on my analysis, this will be a new high in about 180 days. I'm very much confident with this, but always remember to trade with a stop loss.
Tatamotors - Elliott wave analysis - double top pattern It is in ABC correction after completed impulse cycle at 361 and now moving down in C wave. It is expected to bounce in 2nd of C wave up to 290-305 with invalidation level above 312 and then go down up to 250 or lower level to finish the ABC zigzag cycle.
LT - Elliott wave analysis - corrective price action it is in correction after impulse cycle finished at last high and now expecting sideways to bearish correction down towards 1540. Within correction it can make a new high as overall market sentiment is positive.
Adanient - Elliott wave analysis - forming triangleIt is moving in triangle and wave E is in progress as the part of B wave in ABC down until price stays below 1563. Need to wait for confirmation of bearish sequence before taking any trade.
ICICI BANK potential distribution phaseHey guys!
Today we are looking at the ICICI Bank chart.
Seems like the recent bull market move needs some rest for a while.
Although anything can happen, I am waiting for clear confirmations before executing a sell or a buy.
But mainly I would look for sell side trades.
The horizontal orange line shows the level, if broken, I would look to sell the share and go short, i.e bearish.
I might sell calls or buy put option or might sell the FUT or EQ segment. Will depend on the situation at that time.
Nothing mentioned above is an investment advice, kindly contact your financial advisor before taking any action.
We will not be responsible for any profit/loss
Good luck guys! <3
HCL TECH BROKE ITS ALL TIME HIGH LOOKING VERY BULLISHIn Previous Market Session the HCL tech gave very powerful breakout breaking its all time high. We might say it is ready for its next bull run. The trend is clearly uptrend. we migth see a good bull rally in HCL TECH.
Hindalco - Elliott wave analysis - 5th of 5th upIt is i 5th of 5th wave and can go up to 480-500 level before start correction and the invalidation level for the set up is 423. Below invalidation level, it can correct down up to 360 or even more downside.
Bajajfinsv - Elliott wave analysis - Impulse 5th wave It is in 5th of 5th of 5th wave started from the 13855 and can go up to 15500 level before it correct the whole move started last year. As long as it stays above mentioned level, it is bullish, but if it breaks below that level, then it may become bearish and can fall sharply.
Adanient - Elliott wave analysis - ABC correction It is in sideways correction of B wave as expected in earlier updates. At current level, either it finished the B wave as complex sideways correction as wxy as trucated correction or it may possible that it is forming triangle before next wave C down. The C wave will probably confirms below 1332 and can go down below 1080 level.
Adaniports - Elliott wave analysis - B of ABC correctionAdaniport is in sideways complex B wave correction and can go up to 780 level before it will end it and start the C wave down. B wave can alternatively form triangle too if price fail to go above wave a of B wave.
Adanient - Elliott wave analysis - ABC correction Adanient is in sideways complex B wave correction and can go up to 1600-1635 zone before it will end it and start moving down for C leg. Above trend channel of abc move (last leg) it can go up to mentioned level of even slight higher. If it failed to go above W wave high of B, then there is a possibility of triangle as B wave.
IOC - Elliott wave analysis - ABC zigzag bearish sequence it is choppy in 2 hr time frame and drop was impulse wave A, so expecting a bounce of B wave up to 110 before it go down further as C wave as ABC zigzag down.
Divislab - Elliott wave analysis - 5th wave impulse It is in 3rd of 5th wave and expected minor high before it correcting in 4th subwave. It is expected to move higher again once the correction will over as far as it holds the trend channel.
Bajajfinserv - Elliott wave analysis - 5th of 5th wave It is correcting 4th subwave of 5th of 5th wave and will be expected as flat or triangle correction before it finally give one more high towards the target zone of 15490.
Asianpaint - Elliott wave analysis - ABC correctionIt completed the impulse 5th wave as discussed in previous update. The drop was more like a wave A impulse, so any three wave bounce will be a short sell trading opportunity for C wave as ABC zigzag down as far as price remains below 3180.
TataSteel - Elliott wave analysis - 5th of 5th waveIt is in 5th of 5th wave is moving higher towards 1375 target zone.
Hindalco - Elliott wave analysis - correctionIt is in sideways complex correction as WXY in progress. Until price remains below 405.75, it is considered to be bearish and can go more downside, but if price crosses above 406, then X wave will continue moving higher.
Heromotoco - Elliott wave analysis - C of (Y) waveit is in C of Y wave bearish as double zigzag cycle until price remains below 2952.
TATAMOTORS - Elliott wave analysis - CorrectionIt is in impulse drop as wave A from last swing high as five wave sequence finished. It is in 5th subwave of A wave drop and can go slight more downside before bouncing in B wave as ABC zigzag bearish cycle. It may form double top pattern.
HCLTech - Elliott wave analysis - C of ABC flat correctionIt is in sideways flat correction, where C wave is in progress. The 2nd subwave is bouncing and go higher before it starts 3rd subwave down towards 900 level. The 1053 level is invalidation level for the set up.
Gail - Elliott wave analysis - ABC correction It is in corrective mode and will form ABC correction. Three wave bounce of B wave could use to short sell for C wave down.
