Hari-Ram-Kumar

Hari-Ram-Kumar

Short GBPINR Target: 98.96 shall happen in a 5 wave move down. Stop loss: 101.88

Hari-Ram-Kumar

Nifty 50 is under correction and might be under a flat corrective pattern formation or a zigzag. Important levels to watch Support 1: 14862 Intermittent resistance: 15431 Support zone for reversal: 14635-14467 Possible moves are marked on chart. Happy Trading :)

Hari-Ram-Kumar

Following Picture depicts what happened (Waves 1, 2 and 3) and what's expected to happen (wave 4 and 5) And the following is the assessment on wave 4 Trade Setup: Position: Short Target 1: 86.1211 Target 2: 85.5416 Expected target time: 14/04/2021

Hari-Ram-Kumar

Monthly chart indicates that the current trend is correction to the previous down move. The C wave is about the end possibly before 102 Cautiously Long as it might reverse any time and that's how a quality of trader shall be :)

Hari-Ram-Kumar

Current pattern is a Flat with possible targets at: Target 1 - 86.9263 Target 2 - 85.5416 Target 3 - 84.5110

Hari-Ram-Kumar

Price is under consolidation in wave 5 of C. Break below 98.6 is a long term bearish move.

Hari-Ram-Kumar

The current corrective wave might be at wave 5 of motive wave A as shown below OR At wave C in Wave Y of a double zigzag as shown below Whatever might be the count, it's end might be at 72.65 - 72.5 In either of the cases (whether wave C in Y or wave 5), if predicted correctly as an ending diagonal, this wave should end by 05 or 06 Feb/2021 but at not less...

Hari-Ram-Kumar

Buy @ 99.9672- 100.2331 Target - 100.67 Stop loss - 99.80

Hari-Ram-Kumar

Price action is at final 5th wave of ending diagonal. Short below 98.4 with target of 94.0 which is to be hit within 3 months.

Hari-Ram-Kumar

Recovery of NIFTY 50 after the outbreak of COVID-19 is paced than ever before. The momentum of initial waves are impulsive than the following waves hence could not be concluded to be counted as 1, 2,3,4 and 5. But the Recent wave is impulsive than the wave marked as 'Might be W or 1'. Target of the current wave might be 15073 or rounded off to 15100. Let's check...

Hari-Ram-Kumar

Long target 100.35 to 100.6 Warning wave 5 in Wave C is in progress. Expect sharp reversal at 100 to 100.5 range.

Hari-Ram-Kumar

Wave 4 is expected to be either a running flat or a with a truncated wave C. There is high probability that wave C of wave 4 (regular flat) to be truncated to fit itself into the parallel channel however that is for future. Right now wave B in wave 4 is in progress which is expected to be supported at and around 74.0 targeting long to 74.9

Hari-Ram-Kumar

Its wave 4 until it breaks below the parallel channel but the wave 4 corrective pattern is unclear at present can be made out by the week ending 20/11/2020.

Hari-Ram-Kumar

Short at market price Target 1: 72.75 Target 2: 71.75

Hari-Ram-Kumar Updated 

Trade: Long Entry: If price bounces above 96.4 before 29.10.2020 9:30 (GMT +5:30) Target-1: 97.4 Target-2: 97.8 Target-3: 98.0

Hari-Ram-Kumar

Long if >96.7 on/before 11:30 (gmt+5:30) as it Confirms upward momentum through formation of Diagonal 5th wave targeting 98.0 by Nov 1st week.

Hari-Ram-Kumar

If the price reverses down without crossing above 74.0 then it confirms formation of a triangle pattern. Based on completion of pattern, trade setup shall be planned.

Hari-Ram-Kumar

Price action is making a clear 5 wave upward movement and indicating that current WXY is over with a C wave failure to close below B wave (triangle). Price action might enter into a correction pattern to WXY or my resume uptrend. Let's wait and spot for going Long at least for a couple of weeks.