Indoco remedies gave good breakout with rsi convergence signal as double confirmation. can reach 420 as per the rule. Below 300 can be bearish reversal. breakout with good volumes, everything explained on chart. like and follow for more breakout patterns and investing ideas//thank you.
BANKNIFTY is showing 5 waves down from the top. Considering this as an impulse move, the current upward structure can only be corrective. This may retrace 50-61.8% fibonacci level where it could reverse with a sharp decline. Currently, an invalidation level can only be considered at the 46,300 top, i.e start of wave 1. This idea is based on the Elliott Wave...
TATA CHEMICALS - There is a bearish cycle forming on the stock. As long as the price stays below the invalidation of 1084, bearish pressure could remain and could move towards the 800 level with a strong resistance. This idea is based on the Elliott Wave Theory. Any trade/Investment should be managed with proper risk management.
vidhi speciality buy @ 377 target 397, 407, 427, 442 channel breakout risk reward 1:3 sl@357
ADANI PORTS has made a diagonal structure after the drop. As wave 1 completes, there would be 38.2-50% correction on the stock which are important fibonacci levels. These levels also coincide with a strong resistance area where a bullish reversal can be found (wave 3). This idea is based on the Elliott Wave Theory. Trade/Invest with your own risk management.
SENSEX - has formed an ending diagonal like most indices in the Indian market. This concludes a correction point for the markets. Price should remain bearish below the invalidation level (on chart). Corrections can be seen up to 38.2 fib level (at 51,000 mark). Or lower. This idea is based on the Elliott Wave Theory. Any investment/trade should be made with...
HDFCBANK - The stock has a bearish wave downwards and could continue to further lower levels. A consolidation below the trendline is a possibility. However, the moves are quite strong when in wave 3. This idea is based on the Elliott Wave theory. Manage your own trade/Investment with proper risk management.
RELIANCE - The stock has started an impulse downside. As long as price is below 2583, the bearish count would remain intact and a strong fall could be seen next in the wave 3. This idea is based on the Elliott Wave Theory. Manage any Investment/Trade with caution and risk management.
TCS remains at a crucial resistance level. While a move to 3580 could trigger a bullish scenario, price below the level has a bearish touch. This is only an idea. Any trade/Investment should be made with proper risk management only.
shankara building wait for retrecement target 790, 810,822, 842 ascending triangle breakout sl @ 708.40
AXISBANK - A correction downside is a possibility as it seems to have completed 5 waves up. A resistance (trend) line can also be seen which the price has rejected. A downside break opens up opportunities for selling.
A follow up on the previous idea: The market seem to have completed the structure. As long as the price remains below the Invalidation level, the bearish view remains active. The monthly candle also seems to be closing inside the structure which supports this idea. This is only an idea based on the Elliott Wave Theory. Manage your own risk while trading/Investing.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
This idea is based on the Elliott Wave Theory - involving the use of ending diagonal pattern. An ending diagonal suggests an end to the ongoing trend (in short-medium term). It involves 5 sub-waves and is mostly broken downwards (or upwards) with a heavy momentum. Overall the market seems to be completing its 5 waves structure too (wave count mentioned in...
Tcs buy @cmp target target 3359, 3459, 3437 ascending triangle breakout risk reward 1.2 sl @ 3162
Sensex is in the final stage of its cycle wave rally. In the very short run, it may drop towards sub 62k and then rise towards 80k+ towards end of the year 2024. Ultimately, we may see 90k+ till mid 2024 to finish its cycle degree wave III or V.
Gd morning Indian Sensex currently at 63384.58 If weekly close above 64514 and sustains it for another week, then we can see Tgt1 : 70899± Tgt 2 : 75806± From my view Indian Sensex Chart is Bullish. So we can expect the tgt1 in shortterm This is based on my personal view shared it for EDUCATIONAL PURPOSE 🙏
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...