Adaniport - Elliott wave analysis - 4th wave correctionIt completed the 3rd wave impulse up and now expected to correct down as 4th wave.
Nsestocks
1900 LIMIT ORDER PLACED Reliance Industries Daily and Weekly time frames looking good for long term in terms of Price Action
BIOCON - Elliott wave analysis - 5th wave up It is about to finish the correction of 4th wave as WXY cycle. After a new low it should bounce to confirm the cycle. Buy only in 2nd wave correction after confirming the 1st wave impulse. The target of the trade will be above 550.
RELIANCE - Elliott wave analysis - ABC of Y wave down It completed the X wave as ABC correction. The Y wave will unfold in ABC too, where B wave will start soon to correct the move. Short sell when B wave finished for C Wave down as final move of Y wave.
LT - Elliott wave analysis - Correction down It is about to reverse down after completing Ending diagonal structure of the cycle. The short sell set up will triggered only when it break the level below 1325. The target zone for trade will be around 1215-1150.
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.
Grasim - Elliott wave analysis - Sell and Buy set up It is about to finish the 3rd wave soon. So next correction of wave 4 can be a short sell for sharp down move after confirmation in smaller time frame as well as Buy set up for next 5th wave up after completing 4th wave correction.
Gail - Elliott wave analysis - ABC correctionIt was finished the impulse cycle up and correcting down. There are two possible set up as either zigzag or flat, So wait for wave A pattern confirmation and short sell in B wave bounce for capture the next C wave down.
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.
Axisbank - EW analysis - corrective cycle It started correcting the up move in sideways. ABC zigzag up is in progress, so it will go higher in C wave to finish the upside correction. Buy in small pull back for 685-95 as target zone of C wave.
Tatamotors - Elliott wave analysis -5th wave upIt is in 4th wave correction of up cycle and any sharp decline will be considered to be buy opportunity near 250 level for final move up as 5th wave up.
LT - Elliott wave analysis - Correction down It looks impulse cycle ended at the top price. Now expecting correction down.
Reliance - Elliott wave analysis - ABC correction It is in correction and B wave is in progress. Either it will reverse after gap up opening or it may correct more up side before reverse down to C wave move.
Eichermot - Elliott wave analysis - ABC zigzag up It is in strong up move and price is moving in trend channel. Buy the lower trendline level as 4th wave correction of C wave for 5th wave up.
Nifty - Elliott wave analysis - correction then 5th upIt is in 4th wave abc correction, which take little time to finish. Buy near 14040-220 zone for 5th wave up as final move of the cycle for target above 15000 level.
BUY Identified: DISHTV for short term investmentBuy identified on 12th Jan.
Target 2 to 3 rupees.
SL: 1 Rupee
For study purpose only
Breakout expected in RCF share price.If today’s price closes above triangle resistance line, break out expected in RCF.
Nifty - Elliott wave analysis - Up cycleNifty is in 5th of 3rd of 5th wave up, which is about to finish, unless it starts extending further. The next three wave sideways pull back is again a buy opportunity for next cycle higher.
CIPLA Breakout Setupprice made decent breakout of the range ( 820 - 830 ) big resistance and candle also made good close above the range
Range breakout 820 - 830
Buy : 815 - 830
Stop : 724
Target : 880 , 950 , 1000
LONG OPPORTUNITY IN ULTRATECH CEMENTREASONS -
1) TRADING NEAR THE ALL-TIME HIGH.
2) HIGHER TIMEFRAME TREND IS UP.
3) WE FOLLOW THE TREND.
4) PULLBACK/DIP TO REJECTION HAPPENED RECENTLY ON A STRONG KEY LEVEL.
5) ALSO TOOK SUPPORT FROM ICHIMOKU CLOUD ON H4 TIMEFRAME.
TRAIL TO COST WHEN R:R - 1:1
KINDLY TRADE AT YOUR OWN RISK.
GOOD LUCK ^^
Banknifty - Elliott wave analysis - long or short ? Banknifty is in deciding zone, where it may either go higher by subdiving the 5th wave further high OR it may go down to correct the whole up move from 20360. So go long above 30810 only and below that level it may choppy to bearish outlook.
