NeeteshJain

NeeteshJain

According to elliot wave theory, this downward impulse move will retrace for about 61.8 or 38.2 percent. T1- 1422-30 T2 - 1500 STL - 1320-28

NeeteshJain

BUY FOR THE TARGETS AROUND 220-228 WITH A SL- 171

NeeteshJain

we can see a formation and completion of 5th corrective wave in here now and I expect the downtrend to continue and reach at the level of 14317 to the previous resistance that will change to support. Stoploss can be applied at 18000 level

NeeteshJain

Looking for a break out on either side to be long on the stock. Wait for the right time to trade this

NeeteshJain

The stock is in a downtrend and it will be a good opportunity to short this stock at 950-60 levels because 1. It is retracing at 61.8 2. It fills the gap Wait for now, till we get to 950 levels

NeeteshJain

It seems like maruti has steamed out with price action, where price is increasing but with low volume, showing weakness. I believe it has completed its 5 wave impulse move in its weekly chart. In order to confirm the bearish trend reveral, I'm waiting for a break out from the ascending triangle or rising wedge to downward.

NeeteshJain

I have marked two possible situation according to my analysis which can take place in this price action. 1. completion of C-D leg of bearish gartley pattern in 3-4 weeks 2. Getting double bottom first before the price action goes to 180-185 levels. In both the situations our stoploss would be 118 and T1:152 Cheers

NeeteshJain

Prices have come down at discount for this stock in terms of fundamentals. In technical terms, the stock has completed A,B,C,D,E corrective waves, now it will have an impulse leg against its current move. I would estimate a target between 272-284 (61.8 retracement of current impulse leg move) to be achieved in 6-12 months. It is a great opportunity to accumulate...

NeeteshJain

Patterns are emerging from the charts as it is in a consolidation and pattern formation.

NeeteshJain

EUR/INR is in a downtrend as it makes lower highs and new structure lows, therefore in this situation it forms a descending triangle pattern, which is a bearish pattern formation. I'm looking for a breakout downside with a strict stop loss at 73

NeeteshJain

Down trend in progress as new lower lows seen in the charts. T1-596 T2- 475 SL-785

NeeteshJain

price action can complete the formation of last leg (c-d) to complete the gartley bearish pattern or else it can slip down from the current level as it is at previous resistance.

NeeteshJain

In this I'm looking for a break in a rising wedge as the wave 5 of a upend could end and Indian rupee would start appreciating.

NeeteshJain

It seems like the impulse trend or uptrend of the stock ends as it forms an ending diagonal on the wave 5, which denotes the ending of uptrend. Now, I'm looking for opportunities to short this stock.

NeeteshJain

According to elliot wave principle, the stock completes entire 8 waves on its weekly chart. Now, we expect a correction of 61.8 from the current impulse move in order to restart the wave cycle again.

NeeteshJain

Short Targets: T1: 552 T2: 547 T3: 536 Stoploss: 583

NeeteshJain

WAITING TO RETRACE BACK TO PREVIOUS SUPPORT, WHICH BECOMES RESISTANCE NOW TO CONTINUE THE DOWNTREND AND GET SHORT OPPORTUNITY

NeeteshJain

Bearish Cypher pattern with resistance confirmation, now I expect to price to fall at 330 levels from current price level. Selling will be seen and 61.8 retracement expected.