ADP(US) buy for C wave upI have already uploaded this idea two days back for buying for ADP. Now it's going up as exactly what i thought about. Next week market is slightly bullish to range bound. So it will probably work as i thought.
ADP(US) seems started C wav up after flat B wave. A wave can be seen clear 5 wave from bottom. Buy at 137 level with stops below 133.10 and target zone above 155. I am expecting the market will be range bound for next 5 days
Cyclewave
AMZN (US) - 30 min - no trade I posted this trade setup, but it's not coming down to entry price and gone straight up and again consolidated. It's very obvious that its make a new high with earning data. If entry taken then stay & if not then do nothing with now.
AMZN (US) seems in final move up of 3rd wave. It looks in internal wave 5 of wave 3 up. Buy for one more up move at 2310-40 with stop loss of 2278 with target zone above 2470, where wave 3 up will be finished. Also it’s all time high stock within this crisis of Corona.
EBIX (US) - 120 min sell EBIX (US) is in downtrend and under performing the US index (nasdaq). After huge downfall it makes triangle which also broken down. Sell with stops above 18.18 for bigger target.
QLYS (US) - 15 min buy - no trade Yesterday i mentioned this idea as no brainer buy for 15 min time frame, as it's all time high stock and clearly out-performer than US index. It's already moved up towards new high. Now no entry there.
But if you took entry on last trading day then stay in the trade.
Yesterday's stock idea before market open :
QLYS (US) is at all time high stock. Buy for one more high as it is in 4th wave correction. Buy with stops below 103.48 for new high as target. After big upmove last week it just consolidating in upper zone. Better buy idea.
BAE Systems (London) - 120 min C downBAE Systems (London) seems started C down followed by A-5 down & started under-performing the FTSE100 index. Sell it near 525-40 with stops above 563 for downside target C wave below A wave low. To get trade wait may be for tomorrow to get the desired level shown in box. I feel it's already made a 1 of C down and now take a day or so to make 2 wave corrective, so watch it closely to take a trade.
PNC (US) - 60 min sell PNC (US) looks completed its 4th wave triangle after bigger fall with time correction. It also looks like its triangle over & now ready to move down to new low. Sell with stops above 104.20 for target below 80. It is under-performer to SPX index. It's already made a 1st & 2nd wave of 5th wave down. Good sell trade with small stops verses bigger target area.
DAX Future (FDAX) - 60 min - buy - no trade Yesterday i posted this trade as it has very small stops verses good target area & worked out as expected. This is updated idea as now stops should be below 10320 level (almost entry level of this trade yesterday) and stay in the trade till the triangle breakout target zone.
DAX Future (FDAX) looks buy in 60 min as it formed triangle as well as 4th wave of impulse cycle up. Buy with stop loss of 10215 for target around 11000 level as it’s a daily time frame resistance of upper band of Bollinger.
Nifty (IND50FUT) Wave analysisNifty (IND50FUT) looks in WXY pattern from major daily high. It starts under-performing this week and within triangle. It may possible it breaks upside and fade it immediately to go down for major Y down. Let’s wait for further confirmation by market itself. It's currently under-performer.