Nifty - Elliott wave analysis - 5th wave upNifty is in 5th wave of 5th wave after 4th wave triangle. Stay bullish until price remains above 12982. It has already broken up the triangle. Stay long for target above 13400 - 13600 zone.
Nsestocks
Banknifty - Elliott wave analysis - 5th wave upBanknifty is in 5th wave up after triangle 4th wave. Go long only as far as price stays above 29126. It is about to break out the triangle. The sharp up after break out will confirm the count.
MotherSumi price at Support Zone.price at support zone and previous candle also close good ( pin bar )
waiting for today candle close above 111 and with almost good volume expected
MRF Breakout Setupprice made good breakout with previous supported candle.
if we break the Green zone and made bounce than you can add the retest of this zone around 60700 rs
KOTAKBANK - Elliott wave analysis - 5th wave upKOTAKBANK - it is in 5th internal wave of C up. stop loss is 1719.85 target will be above 1820 or higher.
ICICIBANK - Elliott wave analysis - 5th wave upICICIBANK - it is in 5th internal wave of C up. stop loss is 467.10 target will be above 492 or higher.
BANKNIFTY - Elliott wave analysis - 5th wave upBANKNIFTY - 5th wave of C up expected up with stop loss below 27717 and target will be new high above 29000
GAIL INDIA LTD getting ready for a bull ride?GAIL INDIA LTD has settled up by 4.28 percent at 90.20 paisa on Tuesday. Stock has today broken through a 50 days rectangular consolidation along with MACD developing bullish divergence with a bullish cross. Stochastic is also above its signal line and sloping upward favouring bullish momentum. A tweezer bottom combination is formed near 85.50 that was also near the mid of a bullish trend. Based on structure developed on daily chart one can look for long opportunities in this stock around 88.50-87.50 zones with a stop loss below 85.50 for targeting 98-104 in coming days.
Banknifty - Elliott wave analysisBanknifty - It is moving in C wave up. The current up move may be 3rd wave of C, which may end soon, thereafter buy the three wave pull back of 4th subwave for new high in smaller time frame.
Nifty - Elliott wave analysis - bull caseNifty - It is subdiving in 5th wave up. The current up move may be 3rd wave or extended 3rd wave, so three wave pull back of 4th subwave is good buy for new high in smaller time frame.
ICICIBANK - Elliott wave analysis - Sell on bounce ICICIBANK - The drop was impulse down as A wave. Expecting bounce of B wave as sell opportunity for C wave down. Wait for B to finish up to zone 405-415 with stop loss level above 428.60.
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HINDALCO - Elliott wave analysis - Go short on bounce HINDALCO - It dropped in A wave impulse cycle, so wait for B wave bounce up to 175-181 zone. Sell in that zone with stop loss above 187.75 for target below 160 or lower.
Give thumbs up if you really like the trade idea.
HDFCBANK - Elliott wave analysis - choppy HDFCBANK - It has completed impulse cycle up side. The drop was corrective W, which was about to finish and bounces off in X wave. After bounce it will again start bearish cycle.
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HCLTECH - Elliott wave analysis - choppy HCLTECH - It has completed ABC flat correction as the part of complex WXY. Now X wave is in progressing. So wait for X wave to finish higher around 880 or above. Thereafter Y wave will again start bear cycle downside.
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EICHERMOT - Elliott wave analysis - Go short on bounce EICHERMOT - It was dropped in diagonal wave A and will start correcting in B wave up, so go short near 2175-2230 zone with stop loss above 2304 for target below 2040 or lower. The pattern ABC will be the part of (Y) wave down.
Give thumbs up if you really like the trade idea
Can Hindustan Petrol reach a target of 203 from 171? As per my analysis, Hindustan Petrol NSE:HINDPETRO is currently trading at demand zone. In history, the price has bounced of multiple times from this zone. This could lead to pushing the price upwards towards 203.
Please do let me know in case my understanding is incorrect.
EICHERMOT (NSE) - Elliott wave analysis - sell on bounce EICHERMOT - It is in complex correction and the last fall in 15 min time frame was impulse down as wave A and need to correct higher in wave B. So sell it with stop loss above 2303.10 level near 2220-45 zone for target below 2100 as C wave as the part of W of (Y) wave down.
Give thumbs up if you really like the trade idea.
ITC - Wait for a positionITC weekly chart
if price development matching my expectation, a long position can be initiated from wave (2) towards 186
Good trading
Noufal Mandalil
Bajajfinserv (NSE) - Elliott wave analysis - buy set upBajajfinserv - It is in WXY complex correction from bottom and possibly in Y wave up. Y wave will unfold in ABC. Wait for B wave to end to trade C wave up. B wave can go little lower. Buy with stop loss below 5733 for target above 6200 once the C wave CONFIRMED.
Nifty50 - Elliott wave analysis - bullish bias Nifty - It is within 5th wave of 5th wave as mentioned in chart. If price crosses above 12015 then there was a gap in the chart up to 12085 which would fill possibly today. Stay bullish until price hold the today's gap.
Dabur Price in Ascending Trianglewe are hitting the resistance again and now try to move higher
we need weekly close above this resistance for the long setup
we will wait for good bounce and big bullish candle and than enter in this trade. till than watch the movement
if HDFC Closes above 1950, Good Long OpportunityHDFC made Double Bottom (as seen in chart), after that it tried breaking out but was not successful, until now, if it closes above 1950 Long can be initiated with SL of 1948. Increased volume can be seen. Target 1 is the long term trend line(visible on chart) which can act as resistance.
