After forming the top on 28 Dec, 2023 banknifty has corrected exactly 61.8% of the previous uptrend of 42100 - 48600 Additionally, the correction took exactly 21 trading days - 21 is a fibonacci number - after which the current uptrend started from 44440 on 25 Jan, 2024 Both these factors suggest that we might have completed the correction and a new uptrend in...
BPCL recently started a new impulse after giving a correction on the long term chart in the form of a contracting triangle Buy at current market price Stoploss will be set at 435 (~15%) Target will be set at 633 and then 800 Expecting the target to be reached in the next 3-4 months
Solana recently broke out from a bullish flag and pole after consolidating in a parallel channel for exactly 1 month Solana soared 625% in the first leg of this bullish flag and pole let's see how the second bullish leg turns out I am expecting a minimum target of 50% from here Stoploss is set at $79
Following the recent listing of ETFs, BTC reached a peak at $48,989 but experienced a rapid descent to $41,440. Presently, it is consolidating within a parallel channel. This pattern could evolve into a bearish flag and pole if the parallel channel undergoes a breakdown. In the event of a breakdown, we may anticipate price levels ranging between $39,000 and $40,000.
📈 BTC is making a pitstop at a 2-year-old resistance level around ~$48,200! 🚀 Bitcoin has enjoyed an incredible 200% rally in the past year, but it looks like it might be time for a breather. 🌬️ 💰🔍 #BitcoinUpdate #MarketAnalysis #CryptoJourney
🚀 Add/Buy Jindal Saw at the current price (~442) 🔍 💡 Stoploss set at 405 ⛔ 🎯 Target set at 570 🚀 📉 Boasting an extremely cheap PE of 11.36! 💰 #StockMarket #jindal #elliotwave #jindalsaw #trading
Nippon life India has broken out from the double top that it started forming back in Feb'20 Although it is a breakout I sense some correction from here because of the retracement-less rally that it has had from ~200 levels Nevertheless, you can look to buy around ~400 levels
There are 2 interesting things here Firstly, we are going to start the 3rd of the 3rd wave (Elliot wave) Secondly, AURO PHARMA is following an exciting cycle of 85 months and this cycle marked a low at 403.85 (Gann time cycle) Combining these 2 we get a target of 1350 and a stoploss of 995 Horizon is 3-4 months
Nikkei 225 looks ripe for a break Today's swift move to 33420 has confirmed it
Sanghvi movers had been trading in a parallel channel for years and has finally given a breakout of the channel
PTC is finally breaking out after 15 long years Previous high of 201.4 was made in Dec 2008 Today's high is 202.5
Century Ply today made an all time high of 750 The volumes are also looking good Buy at current market price Target 1 - 790 Target 2 - 850 Target 3 - 940 Stoploss - 595
KPI Green has moved into its 3rd wave of impulse after correction for ~15 days since its formed its top @ 1263 Buy at current market price Target 1 - 1530 Target 2 - 1660 Target 3 - 1840 Stoploss - 1130
TATA COFFEE at all time high! Reason to buy: 1. Volumes have started to flow in 2. Stock has gained momentum - 40% up in less than a year 3. Breakout of parallel channel Stoploss : 200 Target 1 : 450 Target 2 : 550 Target 3 : 730
The 4th wave correction took place in the form of a contracting triangle The correction is now over and the 5th wave has now started This can be confirmed with the volume and the speed of the ascend First target will be ~900 Stoploss @ 240 Duration 2-4 years
Maker's journey till now The Maker token has been a stellar performer since its debut in 2017. Hitting the markets at ~$20, the initial listing sparked a year-long rally, soaring to ~$1,750, delivering an astounding 8000% return on investment! After reaching its peak in Jan '18, Maker underwent a necessary correction lasting two and a half years until Mar '20...
Bitcoin's ascending triangle! On the 4 Hr chart, Bitcoin (BTC) has been crafting an intriguing ascending triangle since November 9th, following an impressive rally of approximately 40%. This surge catapulted BTC from around $27,000 to an impressive $37,900. The ascending triangle is a continuation pattern, this means that the prior trend resumes itself once the...
PEPE has been on an incredible upswing since October 20th, with an impressive 90% gain in just the past week! Following a high point on May 5th, 2023, PEPE entered a downward-sloping parallel channel. However, after forming a double-bottom at 0.0000006183 (yes, those zeros can give you a headache so tl;dr there are 6 of them), it made a powerful 90%...