The second largest worldwide institutional money manager - BlackRock, is seen reaching a crucial structural support level on the charts. The stock after triggering an impulse up move in the October of last year just spend the most of the entire 2023 in corrective phase after that. It is however now looking to complete a corrective pattern according to Elliot...
The share of Dubai Financial Markets(DFM) went up in an impulse in March 2023 and then from July - oct end retraced 78% of the impulse. The share now completed a simple zig zag correction(ABC) and is all set to move towards AED 1.86 mark in coming few moths. Note*- this post is for educational purpose only
The index is all set to start off in the wave v of 3 which could take the index towards the 17k mark. Note*- this post is for educational purpose only
According to the Elliot wave model the S&P 500 seems to completing wave ii of wave 3 to a new bull cycle that began in oct 2022. If you see yourselves bombarded with bearish news and sentiment about the S&P 500, then it becomes even more evident that the correction that began in July 2023 is coming to end and new up move is on the cards. The simple reason for that...
Google is all set to move up in wave V of 3 towards the 150$ mark. On the way up watch out for levels 131.9 and 134. If the stock surpasses them with ease that would reduce the probability of this bounce being an "X" wave and the stock will make it to the 150 mark. Note*- do your own study/research before taking up any financial positions.
Bullish Bat Pattern in Bank nifty 42600 as the support and SL at 42580 target 42,850
ShreeCement is expected to move from current levels towards 27500 mark in wave 5. The stock is seen taking support from previous 4th wave lows. Target - 27500 Sl - 25250
The second largest American bank has been spotted at a 61.8% retracement of its impulse wave up in march 2020. Moreover the stock has completed an entire zig zag(according to Elliot wave theory or simply ABC correction) from 2021 till date. The wave 3 target for the stock in the 3-5 year term turns out to be around $68.
The Saudi Arabian Tadawul All Market index moved up in an impulsive wave 1 in march 2023. The index has however seen sharp correction from July 2023 till date. after having retraced almost 70% from the wave 1 high the index is now look to scale up slowly eventually into wave 3 towards 12-12.5K mark.
The crypto is seen making impulse waves from June 2022 and has completed a structure of 1-2-I-II till now, meaning it completed the wave II of 3 and started off in the wave III of 3. The recent oct 2023 rally is the first leg to the bigger III wave that is forming. It would be a wise to wait for a meaningful retracement to this oct wave for a good entry. The 50%...
The commodity has been in a corrective phase well from the beginning of 2023 which now seems to be coming to an end. This could mean new 52 week high for the commodity by early 2024. in terms of Elliot wave structure the stock is currently in wave ii of wave 3. The up move to be looking forward to would be the wave-iii-3 which could well take the commodity price...