Hexaware is trading inside a declining channel. the recent bounce is from the channel support as well as long term trend line support. Current price give a long trade with a very healthy risk/reward
Talking Point: Technical Strategy: Confirming it's bullish outlook Elliottwave View: Reversal confirmed and counting impulsive waves Analysis We were tracking GAIL from last few weeks and able to see breakout in coming days. Elliottwave perspective, this script is having impulsive bullish view on larger time frame which can be target above 600. However...
Nifty PSU bank has broken down from a rectangle pattern; futher fall likely
I am not putting a EW count, since I am not very confident of counts on BN. However, given the downward momentum in recent weeks, we could break the strong support at 18000 and 200 dma to fall to around 17200 levels. A big reason for this belief is that the EW counts of major banks suggest a fairly sharp fall in coming days (see link to related ideas)
Expect downward momentum to accelerate fast
Indusind has strong momentum on down side; expect sub 1000 levels in December itself
SBIN has probably completed the initial impulse from feb lows. The correction that started early november should pick up pace soon.
We are at important price point as we closed in supply zone. Important event in this week will be FED rate decision. I am not suggesting these moves considering FED decision. The levels are derived form demand supply zone and channel analysis. As we are back in original down trend channel after making low of 7916, action in near future is very important. We...
As per my last post nifty reverse from 8400 level that is 38.2% FIBO of 3rd wave. Due to TRUMP mania and Demonetization iv wave went to 70% deep correction. I am expecting another 2.5 months final Bull run for completing the Wave C of V. Late Jan or FEB 1st half i m expecting wave reversal for wave C of entire correction. Target for that wave 6725...
NIFTY place the IV-th wave bottom on friday on 8426 - 8403 support zone. I expect this is the final run for Wave B of C, target for this wave 9176.
Short between 860-876 Tgt 815-760-710 Stop Loss 898
We are out of original up trend which started from 6826, once we close below 8550 we will be in structural down trend and we will form new down trend channel. The Fibonacci levels are mentioned in the chart, closing below or above any Fibonacci level will open next level as target. We have formed triangle on daily chart which is shown on the chart, on the...
Colgate Palmolive D1 demand already playing out, last couple demand zones worked pretty well. Longs at WK DZ around 875 or at new areas of demand if it keeps on rallying and breaking higher.
Friday was quite eventful and failure to take out the retracements zones pointed earlier proved that markets are facing selling pressure at top. at the sametime now the current range is proving indecisive. A break below 19800 can only bring in the downside movement to potentially test the lower trend line support zones around 19600. while 20050-20100 would be the...
Longs at Daily and Weekly demand around 90-ish area. Bigger picture uptrend with demand levels being respected