As per my lost post i am expecting 8400 level on august month but nifty fell to 8500 and it consolidates through out this month. As per my wave count August month top ended with C of 3rd wave. On September month i am expecting more sideways movements from Elliott wave and also ASTROLOGICAL prospective. Stay away from market upto SEP 22 - 2016 and then enter buy...
0.5 retracement level coincides with previous resistance levels. Moreover, RSI shows lower momentum in the same time period.
Short term bet on Delta Corp
Andhra Bank shows start of a long term uptrend after reversal confirmation. Awaiting the results on 6th August, taking a bullish position with mentioned marks could be positive.
Jain Irrigation is trading between the levels of 68-76. Any breakout outside these levels will start a new trend, hence position building would be preferred after that event. As of now, since the price is in a trading range, buying at lower band (around 68) and selling at higher (around 76) would be appropriate.
NSE:CANTABIL may be destined for a short term downtrend. Lower RSI levels would act as a fuel if more red candles are formed in couple of days.
Compared to the previous year, 2016 has been a pretty good year for stock traders and investors as well. The year began on the backdrop of a huge correction of the Nifty in 2015 (-1600 points from the high) after a fantastic uptrend in 2014 (+ 2000 points YOY). The 1st two months of 2016 saw the markets reach new lows and a majority of stocks went on to touch...
Stock forming new low, supported by low RSI and BB lower band.
Patel Engg may fall further from current levels. RSI and BB confirm the ongoing downtrend.
DUE TO GLOBAL MARKET CORRECTIVE UPSIDE, OUR MARKET ALSO RESPOND TO THAT. AS I SAID LAST WEEK NIFTY FELL TO 7835, I AM STILL EXPECTING THAT LEVEL TO COMPLETE THE WAVE STRUCTURE. WAIT FOR THOSE LEVELS AND ENTER LONG. NOW I AM ENTERED PUT OPTION @ 8000 FOR NEXT TWO WEEKS.
Market CRASH CRASH CRASH but Elliotticians thinks another good prediction. Wave principle proves and always wins. As i mention last post there possibility NIFTY fall to 8035 level and in comment update there is possibility 7965 level. Next week we can expect further downside upto 7860 level. Still upside targets are intact 8445 and 8666. This time i ll give...
As per our last post market reversal from 8235 to 8035 level, Still market holding on reversal zone. We can enter short upto thursday. On Thursday BREXIT also impact our market little bit to send the market sideways to Downside. But in medium term still market in upside 8420 and 8650 level are intact. Enter Long DATE : 23/06/2016 - Time 13:50 - ...
Yesterday all you guys had very good expiry day , I hope ! So for coming days we are ready with our analysis for Nifty. The reversal zone marked has few fib confluences too which I removed as the chart looks messy. Right in our resistance zone we have potential bearish butterfly completion where we can initiate our short positions for smaller pattern based...