ONGC - Elliott wave analysis - ABC zigzag It is in B wave as abc correction in larger ABC zigzag corrective cycle down. C will start once the B wave will finish the corrective move.
Sensex
LT - Elliott wave analysis - 5th wave up It is in 2nd of 5th wave up and the stop loss for the set up is 1359.25. It will go above 1600 to finish the cycle.
JSWSTEEL - Elliott wave analysis - 5th wave up It is in 5th wave of larger degree. The internal 4th of 3rd wave is in progress and will go up once it finished sideways correction.
Hindalco - Elliott wave analysis It completed 5th wave of impulse cycle of larger degree from major bottom and therefore it should correcting down. But wait for impulse down wave to confirm the down sequence.
If it is moving in sideways then it is probably extend the 5th wave up and go higher much more.
Coalindia - Elliott wave analysis - 5th wave It is in 5th wave down and will drop up to 124-121 level.
Bhartiartl - Elliott wave analysis - ABC zigzag It is in abc zigzag move as B wave of ABC zigzag down, which is about to end. Then C wave down will start unless B wave will form complex sideways correction. If the drop will impulse down, then there is a chance of C wave down.
Adaniport - Elliott wave analysis - 5th waveIt is in 4th of 5th of 3rd wave of larger degree. The sideways pull back is a long opportunity for 5th wave up in 30 min time frame for target around 900 or higher. The stop loss is below 755.30.
TATAMOTORS MULTIBAGGERTatamotors is ready to move upwords will update u the levels where to buy.
follow me to know the update and get multibagger stocks every week.
Sensex off to 45000 by March 2021Bears must have been happy to see the rising wedge formation all this while when the V shaped recovery resumed to claim the former top but cooled off at ~39500. The rising wedge formation did validate for a while and shared the target of ~34500 from a 'measured move' perspective. Note the divergence from the RSI while it tends to form a falling wedge which is the only caution this time.
But hey, bulls are back. So I suspect the possible H&S pattern as a trend 'reversal indicator' in formation turning sentiment from bearish/neutral to bullish and once the right shoulder forms completely (give or take 3 months) we would enter to claim new ATH most likely before April 2021.
45000 Sensex is incoming!
TATAMOTORS - Elliott wave analysis - sideways correctionIt completed impulse at last top. The down move is abc zigzag so expecting sideways correction, means initially it will bounce and then fall again down below 280.
MARUTI - Elliott wave analysis - correction down It dropped in zigzag wave, so it is possibly bounces in zigzag or flat correction as wave (X) (or B) wave. The current move is the part of (X) wave and bounces up to 7600 to 7800. Then only it will go down in next zigzag down. In bigger time frame it can form ABC flat also and in that case it can go up to 8200 level as alternate count.
HDFCLIFE - Elliott wave analysis - ABC zigzag down It is in choppy correction WXY. The drop was impulse A of Y and now it is in B wave which would bounce up to 710-720 level before it starts C wave down. B wave can take little more time to finish before it drop in C wave.
ICICIBank - Elliott wave analysis - ABC correctionIt has completed ABC zigzag move in uptrend. The drop was double zigzag wxy and it was over. So next move will be likely abc bounce if it able to hold the low of 569 then it may go up to 610-630.
Dow Jones at “The Mother of all Resistances”The Dow just hit the mother of all Resistances. Extended from highs of 1929
bse sensexHI THERE
AT THIS MOMENT MARKET IS A GOOD BULLISH TRAND. BUT MARKET NEED TO SOME CORRECTION FOR STRANGHT. AND GRAB SOME LEQUIDITY. MY THINK IS MARKET IS NOW A RESISTENCE AREA AND GOING TO TEST SOME PREVIOUS AREA. AS I MANTION MY AREA IS 52554-52574 IS A MAJOR RESISTENCE AREA
SUNPHARMA Can witness Free unadulterated FallThe stock is weak and more so it has been exposed to the shock of heavy volume price level and now facing rejection at higher level. Let it cross 604.20 level then we can take the trade to ride the profit.
Tatamotors - Elliott wave analysis -5th wave up it is in impulsive up trend and 5th wave progressing. The target will be around 350-360 zone.
Plz give a like if you agree with EW count.
BAJAJFINANCE - Elliott wave analysis - H&S pattern It completed ABC zigzag cycle in 4 hr time frame from Covid low point. The H&S pattern created at the top as the part of correction down. Sell on bounce near neck line for target below 5000.
Plz give a like if you agree with EW count.
Adaniport - Elliott wave analysis - 4th wave correction It completed the impulsive 3rd wave of the sequence and correcting down in 4th wave and possibly correct up to 600-560 zone to finish it.
Plz give a like if you agree with EW count.
Expect Heavy volatility in NIfty , Bank Nifty SensexAs i am seeing the crash of Nasdaq it is comparable to the march of 2020. Yesterday Bond market also gave us a hint of coming up with the carnage.
Keep your trailing stops posted
