RK_Chaarts

RK_Chaarts

Weekly Time Frame: Elliott Wave Analysis: ABCAPITAL has completed wave (4) in Blue on the weekly time frame and is possibly unfolding wave (5) in Blue. Current Stage: A closer look at the daily time frame reveals the completion of wave 1 in Red, and a potential near-completion of wave 2 in Red. Invalidation Level: Strict invalidation set at the low of wave...

RK_Chaarts

🎄 Unlocking the Secrets of Chart Patterns: Navigating Market Trends 📈 Season's Greetings to all our readers! As we celebrate the spirit of the holidays, let's delve into the fascinating world of financial markets. In our journey to understand and navigate the complexities of trading and investing, we've touched upon essential chart patterns that can serve as...

RK_Chaarts

Arihant Capital Markets Ltd: Riding the 5th Wave Impulse Daily Time Frame: Elliott Wave Analysis: Arihant Capital Markets appears to be in an impulse move on the daily time frame, with completion of wave 4 as a correction. Current Stage: Unfolding wave 5, with (i) and (ii) completed and a potential unfolding of wave (iii). Price Targets: Anticipating...

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RK_Chaarts

Decoding USDINR with Elliott Waves: A Comprehensive Analysis Weekly Perspective: Daily Perspective: 4 Hourly Perspective: Hourly Perspective: Current Stage: Inside iv of (c) of 2 of ((1)) of wave V of wave (III). Current Bias: Presently showing a bearish inclination on the hourly chart. Future Outlook: Post the completion of wave (c) of 2 , a...

RK_Chaarts Updated 

BTCUSD Bitcoin is possible in wave 2 which is retracement against wave 1 since 21st November and can be completed near 20k. So this can be short candidate with invalidation level of 25271. Disclaimer I am not sebi registered analyst My studies are Educational purpose only I am not responsible for any kind of your profit or loss Please consult your Financial...

RK_Chaarts

This stock has been formed like rounding bottom chart pattern and done breakout with good intensity of volume in weekly chart, along with many more positive signs aligned with same bias in Macd, Rsi, Dmi adx, Bollinger band etc. This whole scenario is suggesting that this stock could be an investment pick, all the key levels are mentioned in chart with Stop-loss...

RK_Chaarts

OFSS is in counter trend rally as a wave ABC, in which wave A and wave B are completed and now possibly we are ready to unfold wave C of B retracement in daily time frame. Price is in upper part of Bollinger band in daily Macd in daily positive crossover and Uptick Macd in weekly positive crossover and Uptick Rsi in daily above 60 uptick Dmi adx also...

RK_Chaarts

Ultratech Cement is looking in a good momentum on up side, also it has done breakout of flag n pole chart pattern in daily time frame along with good intensity of volume, along with trend indicators confirmations, overall it looks good candidate to go long, all the key levels are mentioned in chart with Stop-loss and Targets. All the key levels are mentioned in...

RK_Chaarts Updated 

This stock has completed 4th wave on daily time frame, and now possibly we are in 5th wave, once resistance trendline is broken then it would be a good trigger point to go long, stock had reached that trendline and currently trying to break, once it's broken, then bulls can take charge, also trend indicators and wave counts are suggesting to go long. Overall...

RK_Chaarts Updated 

This stock has given good breakout from decending parallel channel with good intensity of volume, also positive divergences in RSI and Macd signaled on daily time frame before breakout. RK's mass psychological Cloud buy activated and RK's buy signal activated, Rsi breakout also making scenario more powerful, adx showing good strength along with positive Dmi,...

RK_Chaarts

Here are some levels marked on Nifty spot chart for intraday importance Wave Structure could be like this. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult your Financial advisor before trading or investing

RK_Chaarts

Mahindra & Mahindra Finance, this stock is showing weakness on daily and weekly chart, if it breaks down the level of 138.50, then possibly more bearishness could be seen on chart, one can go short if this level is broken or if any Shorting opportunity is seen on 5 minutes time frame, with Stoploss of 138.50 & above, for targets of 133.50 or upto 128.55. Sell...

RK_Chaarts

Wockhardt broke the triangle on the downside on weekly chart closing below 384, which can show down levels of 372, 324, 276, & upto 209. Wave Structure is also suggesting Corrective phase, along with trend indicators alignment in same direction, Now the triangle may be an X wave unless we go above 384 and hold, also I'll mention that on the way upside, there is...

RK_Chaarts

This stock has formed Decending Triangle pattern and given Breakout with good intensity of volume. One can go Long at current levels or in dips (if any) with Stop-loss of 2200 for targets upto 2570. Breakout with good intensity of volume All the key levels are mentioned in chart Macd in hourly positive Macd in daily positive crossover Rsi in hourly above 60...

RK_Chaarts

Metal index is showing good moves after budget along with Elliot wave counts. Possibly wave i & ii of 5 is completed, and possibly wave III of 5th is started. Wave Structure could be like this Macd in daily Macd in hourly Rsi in hourly Bollinger band challenged in hourly Dmi adx also positive Disclaimer I am not sebi registered analyst My studies are...

RK_Chaarts

Nifty spot chart, here are some levels marked on chart along with possible wave structure. Let's see what happens next. Wave ii of 5 ended up retracing 78.6% and touching the lower Bollinger band at 16836, The midway point and resistance are at 17771. Wave III of 5 should carry us to new highs above 18600 eventually. Disclaimer I am not sebi registered...

RK_Chaarts

This stock has formed cup and handle pattern with accumulation since 3 years, Now it's a verge to break the resistance trendline which is top of the cup and handle chart pattern, breaking above 375 can be a good impulse beginning towards north. One can go Long on only closing above 375. Key Levels are Mentioned on chart Cup and handle pattern Macd in monthly...

RK_Chaarts

This stock has recently formed a double top pattern, which is a bearish sign, and also near mediun of depth of same pattern, so if it brokes 3600 levels than we can say that another doors have been opened towards south direction, or we can say towards previous swing lows near 3312. One can go short only below 3600 levels with stop loss of hourly closing above...