sKeshav

sKeshav

UPL - Elliott Wave View. The downward correction remains pending with the formation of triangle. Invalidation at the high of wave E.

sKeshav

The idea is based on the Elliott Wave Theory. The rally in PSU Banks seems incomplete and SBI could reach higher levels before making a corrective move. If the ending diagonal doesn't invalidate, a reversal is likely from the upper trendline.

sKeshav

The idea is based on the Elliott Wave Theory. The price seems to be correcting after making a 5 wave impulse. This could mean further decline in the stock value while it enters the wave (3). Invalidation level remains at the top of wave 1. (i.e 595)

sKeshav

The idea is based on the Elliott Wave Theory. The long term bullish cycle has started from March 2020, and after a 5 wave (impulsive) rise, the price is now correcting (WXY correction). The level of 300 is crucial as it is a strong resistance and also coincides with the 50% fib. retracement.

sKeshav

The stock is likely to keep growing in the next few months as it is breaking out of a large range of consolidation.

sKeshav

The idea is based on the Elliott Wave Theory. The current price seems to be corrective in structure which suggests another wave Y could unfold driving prices to the previous levels or lower.

sKeshav

The stock seems to have completed a 5 wave structure (expanded) and could start its correction phase ahead. The idea is based on the Elliott Wave Theory.

sKeshav

HDFCBANK - Elliott Wave Theory. The price seemed to have made a corrective pattern which suggests another bearish wave. Invalid level remains at the previous high.

sKeshav

The idea is based on the Elliott Wave Theory. Nifty has made 5 waves down (Impulse 1), and could start moving downwards again after a small correction (50-60%). Long Term View:

sKeshav

The idea is based on the Elliott Wave Theory. The current upward momentum is very low and the price is moving in a corrective structure. A downward move is likely from the current resistance zone (or a possible likely scenario with 61.8 fib correction). A move over 18480 invalidates this idea.

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BPCL - Elliott Wave View. Pattern suggests a triangle formation, which means a bullish scenario is likely from this level. A move below 300 would be an invalidation to this idea.

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MRF - Daily Chart based on the Elliott Wave Theory. As long as the triangle stands valid, the price should correct more downwards. Correction could make further extensions if the next resistance level is broken.

sKeshav

The idea is based on the Elliott Wave Theory. The current upward move is to be marked as wave X correction which means a wave Y will unfold driving the prices much lower. The wick at 34895 can be marked as Invalidation for this analysis.

sKeshav

The idea is based on the Elliott Wave Theory. The price is still correcting and will extend to 100% of wave X to 595. Below that level, further extension could be towards 450-470.

sKeshav

Bitcoin on the smaller timeframe has started making impulsive waves which could conclude that the correction cycle is over.

sKeshav

The chart is based on the Elliott Wave Theory. Bitcoin may have completed its correction cycle after falling more than 75% from the top. Along with other cryptos, the bullish cycle could continue from here. The level 16,600 would be an invalidation level for this idea.

sKeshav

The stock is currently making a corrective structure and is likely to extend further to at least 61.8 fib. level. 1500 may be a good level to watch; below that we could also see 1420. This is based on the Elliott Wave Theory.

sKeshav

RELIANCE. Correction cycle towards 1900 level. Below 1850, could extend towards 1650 level. The stock is forming a WXY corrective pattern. The analysis is based on the Elliott Wave Theory.