Mphasis stock analysisMphasis on a daily timeframes showed us a recovery from 2750 level by projecting a inverted head and shoulders pattern. If it is manages to close above 2930,we can initiate a swing position in it..
Sensex
LT - Elliott wave analysis - corrective price action it is in correction after impulse cycle finished at last high and now expecting sideways to bearish correction down towards 1540. Within correction it can make a new high as overall market sentiment is positive.
Infy - Elliott wave analysis - impulse 5th of 5th upIt seems like 4th of 5th of 5th of 5th is about to finish and it start moving higher in final leg up towards 1794 and thereafter it may start correction.
Drreddy - Elliott wave analysis - B of Y wave correctionIt should now bounce in B wave before next move down as C of Y wave. The drop from 5615 was impulse A wave and it should bounce in B.
NiftyMidcap50 - Elliott wave analysis - ABC correctionIt is in correction after completed ending diagonal and break down below the up trending channel. So it is expected to form ABC correction with invalidation level below 7823. If the current bounce of B wave will be sideways choppy, then there is a possibility of next C wave will go down further.
Bajajfinsv - Elliott wave analysis - probably topping outMinor high will probably end the bullish cycle as 5th of 5th wave and start correcting down - Will say choppy to bearish below 13870, until then it can always extend higher
Adanient - Elliott wave analysis - ABC correction It looks like forming triangle in B wave and will continue C wave down soon after breaking below 1407 level. The 1563 is the level of invalidation. and target will be between 1090-1000.
Share you comments, if you are agree or not ?
Nifty - Elliott wave analysis - buy or sell ? what's next
It is in correction after finishing the shorter cycle, so from current level, it should start correction up to 16100 or lower level. There is always a possibility of further extension, but buying at current level is too risky. So stay hedged between both buy and sell set up to be risk free.
Ethereum / SensexETH / SENSEX above 2.5 looks good.
Also, check out the superb trendline since ETH inception.
Not investment advice. This is only for educational and entertainment purposes. Please refer to your investment advisor before doing anything. I am neither a registered investment advisor nor a research analyst.
BTC (INR-adjusted) / SENSEXAs long as we are above 36.9 for BTC / Sensex, there's no reason not to own BTC.
The almost-10-year-old trendline is also acting as a strong support zone.
One more interesting point to note is how BTC ripped up in May 2017 after breaking out of the Nov 2013 highs. After the May 2017 breakout, the former highs acted as support in July 2017. Post that retest, BTC / Sensex roared to the famous 2017 BTC bull run.
Now, a similar pattern in the ratio, with those December 2017 highs acting as strong support, can be seen developing in August 2021.
Not investment advice. This is only for educational and entertainment purposes. Please refer to your investment advisor before doing anything. I am neither a registered investment advisor nor a research analyst.
Titan - Elliott wave analysis - 5th wave It is in 5th of 5th wave and will go up to 1900 before it start correction. Once it drops below 1773, it can go down up to 1600 or lower as the part of corrective cycle.
Tatamotors - Elliott wave analysis - double top pattern It already completed impulse at 360 and correcting in ABC zigzag down, where B wave is in progress and expected to end soon and start C wave towards 260.
LT - Elliott wave analysis - correction will start below 1562 It moves as expected in earlier update. Now there is a chance of starting correction, but until it stays above 1562, it can extend higher and below that level, it can go up to 1350 or even lower.
Drreddy - Elliott wave analysis - ABC zigzag in Y waveThe drop is in 5th subwave of A and will go down before it bounce in B wave. The overall structure is complex sideways correction and form ABC zigzag in Y wave as shown in chart.
Bajajfinsv - Elliott wave analysis - Impulse 5th wave It is in 5th of 5th of 5th wave started from the 13855 and can go up to 15500 level before it correct the whole move started last year. As long as it stays above mentioned level, it is bullish, but if it breaks below that level, then it may become bearish and can fall sharply.
Asianpaint - Elliott wave analysis - ABC correction It completed the impulse sequence at 3180 high and dropped sharply as wave A. The current price action is not very clear, but if it drops below 2954, it is considered to be the part of 3rd of C wave and can go further downside. Unless then, there is a chance of B wave flat correction.
Adanient - Elliott wave analysis - ABC correction It is in sideways correction of B wave as expected in earlier updates. At current level, either it finished the B wave as complex sideways correction as wxy as trucated correction or it may possible that it is forming triangle before next wave C down. The C wave will probably confirms below 1332 and can go down below 1080 level.
Nifty - Elliott wave analysis - 5th wave Nifty index is done what expected as in earlier update and now it is forming 4th subwave of 5th wave and will be ready for new high on next two trading session. It can either end the current cycle as 5th wave or it can even extend it by further subdividing more upside, which will depends up on the next degree correction. The current target will be 16400-16500 zone in next week.
Ultracemco - Elliott wave analysis - 3rd of 5th waveIt is in 3rd of 5th wave up and expected to continue uptrend above 8200 level in current sequence. Any sideways corrective move can be used as buying opportunity in 30 min time frame.
TataSteel - Elliott wave analysis - 5th of 5th wave It is in 5th of 5th wave with high degree of slope and therefore expecting it to continue go higher up to 1580 as target zone in current cycle.
Reliance - Elliott wave analysis - C of ABC flat pattern It is already in 3rd of C wave down as the part of flat correction, where 2nd subwave is in progress and expecting small bounce before it resume the further downside. It should remain below 2134 to confirm the count in current corrective bounce. But if it crosses above 2134, then it can form expanded flat 2nd subwave of C.
IOC - Elliott wave analysis - ABC zigzag bearish sequence it is choppy in 2 hr time frame and drop was impulse wave A, so expecting a bounce of B wave up to 110 before it go down further as C wave as ABC zigzag down.
Divislab - Elliott wave analysis - 5th wave impulse It is in 3rd of 5th wave and expected minor high before it correcting in 4th subwave. It is expected to move higher again once the correction will over as far as it holds the trend channel.
