Niftystocks
DIVISlab - Elliott wave analysis - ABC zigzag - buy & sell It is within correction mode and expected to go higher in B wave after impulse up completed. The B wave can be buy set up once the A wave finished. There is a high odd C wave short sell set up, which will be good swing trade to short sell once the B wave finished around 50-62 % of wave A.
HDFC - Elliott wave analysis - Correction It is within correction mode and expected to go higher in complex or flat correction to finish the X wave cycle. The Y will only start moving down after X wave finished. Both Buy first and Short sell later when completed X wave will be the possible trade set up.
HDFCBANK - Elliott wave analysis - sideways correctionIt is within correction mode and expected to go higher in complex sideways correction to finish the X wave cycle. The Y will only start moving down after X wave finished. Both Buy first and Short sell later when completed X wave will be the possible trade set up.
Drreddy - Elliott wave analysis - Double top formation It ended with truncated ED structure resulting in sharp fall as wave A, which is about to finish soon. Wait for bounce of B wave to short sell for C wave down. It form the double top pattern, but need to confirm the neckline break after correction. The target zone will be 3850.
Banknifty - Elliott wave analysis - Reversal or continuation ? 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 - Elliott wave analysis - Reversal or continuation ?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 - Elliott wave analysis - Sell and Buy set upCoalindia 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.