Federalbank in a pullback for wave 4.
Ambujacem - A potential Cypher pattern, Trendline resistance, Huge Divergence. It can be a sweet short.
idea cellular at important support zone
It's a faily simple idea, shot hindunilvr on the completion of 1hr candle with high as stop and 869 as the first target.
Investment Strategy: Reliance Industries has been in a contracting triangle from past 8 years, Break of this Triangle on the upside can be a good indication to buy and hold for long term. Elliott Waves Terms triangle often occurs in wave 4 as complex correction. so we can expect wave 5 to create a new high Target: 1800 Timeframe: yr-2019
AXIS Bank is currently at the resistance of the trend channel. Expecting a pull back to mean revision RSI at triple top, which can also be considered at divergence as prices have made higher high.
Even though the opening spike on 30th MAY have breached our SL, the trade is still very valid. i see DLF achieving our first target with high probability.
Nifty is currently at the top end of it's price channel. if it fails to close above the channel by EOD, then shorts can be initiated with todays high as SL, and bottom channel as price target.
It's a simple trade idea, Sell on resistance, Cover on Support.
NIFTY is inching up to it's final resolution, completing it's 5th wave. we are very close to the reversal zone. I don't see any point taking any fresh long position, except any intraday trade. once NIFTY achieves its minimum levels, look to short the market for a sharp decline.
OIL positioning it self for a sharp fall.
Crude Near completion of it's 5 of 3 of 1. Wait for a wave 4 pull back.
SBI looks to have entered into a trend reversal phase with a 5wave count which can potentially be wave 1 of a bigger wave cycle. wait for a wave 2 pullback, rs170 can be a good price to enter. holding period 1year approx.
AUDCAD at a potential reversal zone.