Bajaj Auto - A potential bearish setupCMP 2943
Target 2750
Stop 3025
Stock below 200 ema
Breaks previous support.
Shorting suggested only below 2930.
NSE-NIFTY
Short on RalliesVEDL is very close to completing a 5 wave structure that started in Feb 2016. We are currently in wave 5 of 5, which should complete very soon. The stock has given almost 5x returns in 1 year, expect the correction to be relatively sharp.
Long for ATH above 13000Nifty IT is following the textbook EW pattern. We are at the beginning of a fresh impulse of the last cycle wave 5. This wave should take us to all time highs.
On smaller time frame we have already finished wave 1 of 5; obviously the next impulse (w3) would be much sharper.
Index is susceptible to political news from US, so adhere to proper RM.
Long for target above 460Axis might be forming ED of the impulse started in late august;could be bought at CMP wil 4-5 points SL
10-Aug: Failed attempt to Take out topBanknifty failed to take out the top and now has formed multiple tops with lower highs. the levels of 18650 can be the acid test and a break of that can lead to test of lower levels
Potential MultibaggerNSE:HDIL
Buy on Dips between 75-90. Expect a minimum 200+ by early next year. Hope the wave count is self explanatory
NIFTY Futures-Week Ahead 11-JulyNIFTY Futures managed a sharp pull back after touching the support zones of 8340 odd levels. On the upside targets now remain at 8520 odd levels. Today's Gap low can be an immediate support below it this can be considered for gap filling. Swing upsides now emerge at 8650 odd levels with base continuing to be at 8350
TITAN (NSE India) shorting opportunityHi All,
I follow Elliott Wave Principle for trading, I am a novice trader (trading since DEC-2015 using the Wave Principle). This is my first post/idea in the forum, so pls forgive any mistakes.
Below is an interesting chart. Request veteran traders to pls review and comment.
On weekly, TITAN has completed its X wave at 379. This X is continuation of correction started from 448 in feb-2015.
X is a complex zigzag in this case; both a of X and c of X are double zigzags.
Weekly chart:
Hourly chart shows completion of c of X.
Hourly chart:
So, shorting at 379 with stop at 382 target below 301.70 (i.e. below beginning of the X wave on weekly) seems a good trade.
Regards,
PT
NIFTY Futures Trading Plan Week-09 FebTrading Idea
Nifty Futures: NIFTY Futures few sessions ago we had discussed that 7430 was the trend decider and above that 7550 was a possibility, that target nearly got done in yesterday's session, after that markets paused and went to crash and test our trend decider all over again. Both sides provided a decent trading opportunity in last few sessions. Next up it will be important for markets to trade and move above the trend decider to get bullish again On the downside immediate support is at 7375 below this and if it manages to hold that level; we can attempt a pull back trade. Else below that can be potential fresh shorting opportunity for 7310 and lower.
#nifty #nse #trading #sensex
Nifty - At crucial resistanceNifty rallied to 8,200 on the back of surprise repo rate cut of 50bps by RBI. The rise from ~7,700 ro ~8,200 in 5 trading days seems tiring around 200DEMA (Daily Exponential Moving Average) which is at 8,184. Also the bearish AB=CD harmonic reversal pattern is visible on charts at the upper line of Andrew's Pitchfork tool. The failure to move above 8,270 can take index back to 7,900-7,800 levels.
Long Nifty for Targets of 9249 & 9403Nifty is trading in wave 5 of wave 5 - With Union Budget ahead and RBI rate cut expected soon, Nifty may rally till its upper trendline resistance !!
Long Nifty for Targets of 9249 & 9403 -- Stop Loss of 8555
