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{ZYDUS}:{DETAILED ANALYSIS USING ELLIOT WAVE NOMENCLATURE} Wave 1 is complete, Here the Wave 1 is a Leading Diagonal which tells us the Wave 3 will be way stronger than what we come accross generally; Wave 2 has retraced Wave 1 by 61.80% which is a Golden Ratio and Fibonacci goes perfectly with the Waves logic, Now Wave 3 is forming According to the Fibo Ext tool we have the 1.618 Golden Level giving us the Target for ZYDUS on the Long Run. This Analysis is done in the Higher Timeframes so consider the time accordingly only,
NSE:ZYDUSLIFE
by WavesandZones
2
ASHOK LEYLAND BULLISH CUP & HANDLE BREAKOUT | 1:2.5 RR | SWINGAs Nifty is trading above its resistance area, it looks like the growth is being pushed by AUTO and FMCG Sector. AUTO Sector has recently broken out of its resistance area and it seems it will continue to go higher in upcoming weeks. Checking out AUTO STOCKS, Ashok Leyland looks a good pick. The price has broken out of its resistance area and is trading above Daily 200 EMA. Also, the price has broken out a Cup and Handle Pattern, which is a bullish pattern. Entry- 147.5 TARGETS 1- 154 2-160 STOP LOSS For aggressive traders- 144 For conservative traders- 142 This is a SWING TRADE Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
NSE:ASHOKLEYLong
by rohitkukreja
3
Dish TV - 34% Growth Expected In Coming Few DaysThe Price action is forming an Inverse Head And Shoulder with neckline of 16.5. Price is already above 200 Daily Moving Average. Media Sector may breakout soon which can push the prices of DISH TV higher. Once the daily candle closes above, a Long can be initiated Stop Loss- Below the lows of breakout candle with some buffer Targets- 1. 19 2. 22.3 Place stop loss to entry once target 1 is achieved. Always follow Risk Management and Position Sizing.
NSE:DISHTVLong
by rohitkukreja
Hindustan Copper- Bullish | 25% growth expectedThe price was consolidating in an Inverse head and shoulder pattern near the daily support areas. The price broke out of the neckline, which is the first sign of bullishness. After the breakout on 2/5/23, the next day price even retested the neckline which confirms the pattern breakout. On 4/5 price advanced further and now facing resistance near 108 horizontal resistance and 200dma. Once daily closes above 200dma and 108.5-109 horizontal resistance, go long. Stop Loss- Below the lows of breakout candle with some buffer. Targets 1. 121 2. 131 Remember to keep trailing your stop loss and move stop loss to entry once Target 1 is achieved. Also, do follow Risk management and Position Sizing.
NSE:HINDCOPPERLong
by rohitkukreja
1
🇮🇳 DHANI TREND BREAKOUT For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial. Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
NSE:DHANILong
by traderchamp_
2
How Divergence was giving Adequate Warning - Adani EnterpriseDivergence has been very successful in Indicating a reversal well in advance. Of course, not all the indicated divergences resulted in successful price reversal. But Divergence on larger timeframe means at least be cautious !! Most of the traders who trade divergence combine multiple indicators for confirmation, which is fine. But in my opinion never trade against a divergence, specially if it happened in a bigger timeframe/larger timeframe. Which indicators can be used for divergence ? Most of the divergence indicators are based on oscillators and the idea is to find divergence between price movement in the chart vs the oscillator. Following are examples of some indicators which can be used to determine divergence: RSI MACD Stochastic/Stochastic RSI OBV CCI Aroon Willian %R (Please let us know which indicator do you use for divergence, if it's not in the list) My indicators are mostly based on RSI and MACD and no one needs any fancy indicators to determine divergence. Examples of Some Divergences ADANI GROUPS Adani Ent (specifically) was showing an extreme divergence on daily chart recently, even much before all these controversy was on!! Please look at all the three oscillators in comparison to price chart. There were enough divergence to stay away from all the longs. Now, switch on to weekly for Adani !!!!! (The red color change in the first divergence indicatot is noting but RSI overbought zone) Now, tell me, wasn't there an like never before weekly divergence??? Adani was all set to burst since 19 Dec 2022 weekly candle. NIFTY CHART - (DAILY )- BULLISH & BEARISH IN ONE CHART Please have a look into this - The first divergence is bullish and second one is bearish !! How beautifully captured. Now you ask, can a price reversal happen without divergences?? The answer is yes. But I would say, if there is a divergence, most likely price would move in favour or at least, if doubtful stay away !!! The irony and the most wonderful thing about divergence, that people don't understand that, these divergences can be traded for a great risk reward ratio !!!
NSE:ADANIENTEducation
by KachraStocks
3