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.
Nsestocks
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.
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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.
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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.
CADILAHC Good for Long If Breakout decisively over 433This is my first trade idea. CadilaHC looks good for long if decisively breaks 433 with SL of 429. It has made a long head and shoulders low. Keep an eye on turnover also. If it goes back without breaking or after having a whiplash, it can be shorted for very short term.
Time to get GREEDY in IIFLNSE:IIFL
Weekly chart of IIFL is indicating supply was absorbed by Smart Money.
Closing above 96-97 will take IIFL at least towards 208-250.
view is for short term to long term holdings.
tata motors AS ACCORDING TO MY PREDICITION THE TATA MOTORS WILL GO UP BY 150 TODAY ..BECAUSE ACCORDING TO MYREND LINE DRAWN IT WILL GO UP TO 154 WITH IN 2 OR 4 DAYS ..BEACUSE AT PRESENT IT IS BELOW ITS TREND LINE .
TCS resistance Break | 3000 + comingTCS just broke the supply really undervalued companied among other tech giant having price in $ not justifying the price here.
this stock value more than 5000 rs we just stated here
below 2350 is a good buy with stop below 2100
Nestle India Breakout Setupthose who like breakout and falling wedge can take this setup
risk reward ratio also looks good and likely need more volume to push hard
Buy : 16400 - 16500
Stop : 15750
Target : 1700 , 17500 , 18000
CADILA Healthcare price at Trend Line Supportprice at support and holding will check tomorrow if price hold or not
will take position when volume comes
