Fourth leg of Harmonic Pattern is about to be completed. Open Interest resistance is also building around this 500 level which is also making a Double Top pattern. 200 DMA offer repeated support to push the price to higher level.
Now, price may correct for a few days and may resume its upward journey. Holding above 500 it will be a breakout.
M&M finance made a life time high 404.9...There is not a single brokerage or analyst who is bearish on this....Chart clearly shows complete 5 waves (larger degree wave 1)..If the counts are correct, we can expect a good reatracement. According elliot wave guidelinefor wave 2, minimum retracement is 23.6% and maximum can be 88.6%..At the current date there are no...
There is break of rising channel..Suggesting short term weakness towards 300 lvls..There is impulsive decline from 364 to 300 lvls...Currently retracement is going on which looks incomplete...There are two movements possible either we break up from the small channel towards 350 levels...and then come down to test 300...other possibility could be we test the lower...
For Aggressive traders triangle patterns are like ripe fruit.
Here we got descending triangle pattern in M_MFIN
Bcos they enter the direction of trade right at breakout and price takes off swiftly in their direction and at times they do employ strategy to increase their profits.
For Triangle patterns none can say with 100% confidence that it can breakout in...
