5 waves completed or will complete in coming days reversal may ?Market Commentary:
If the trend is upside or in downside i will inform in the chart and there will be a PB can occur and some correction may start so MIND that DONT TRADE THE CORRECTION and what i am expecting the CORRECTION....Wait for the PB ends...and give entry in the trend side...If u r doing the PB and correction u will took loss ....trade only in trend side....
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS.
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted the new chart for the same pair, it could be a possible wave count changed or updated. Make sure that old one was invalid or possible or alternate wave and the new one is valid. Good luck and cheers.
This is a educational post only...my ambition is to create a awareness to the traders who lose the money and treating like a gambling...this is a pure business and not only buy and sell apart from that we have to fine tune ourselves in various part of trading...cheers once again.
BAJAJFINSV trade ideas
bajajfinservebajaj finserve is in strong uptrend on weekly time frame ,the recent correction provides good entry with favorable risk reward ,can buy the counter with a strict stop loss of 6450 on closing basis for the targets of 7500 and 7850 in coming months,its a positional call. Please remember that stop loss is on closing basis and if its hit the scrip may consolidate at lower levels for few weeks.
Bajajfinsrv, ConsolidationAll big moves are generally followed up by a consolidation. This stock is in strong bull market and therefore it is justified that a phase of consolidation occurs. A breakout is possible on any day which will take the price to dizzy heights. A great stock indeed for long term bet.