Bajaj Finserv – Can buyers face falling knives?
Timeframe: 8h Price started to form impulsive wave C after Bajaj Finserv completed correction wave B. There is also the possibility of altering the count with W-X-Y. Wave (b) retraced 50% of wave (a), which signals intense supply pressure. If the price breaks wave (a) at 1621, traders can sell for the following targets:Continue reading
NIFTY FUT Trade Setup For Subscribers
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MCX Natural Gas – Tips & Update
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NSE ADANI PORTS FUT – Trade Setup For Subscribers
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MCX Natural Gas – Impulsive Wave Setup
A new impulsive structure has emerged from the low of 265.5in natural gas. Price has accomplished wave (5) and started the zigzag correction at 801. Currently, Natural gas is forming sub-wave 5 of impulsive wave C. Natural gas has also broken down 200EMA and the base channel of 2 – 4 wave, which signals bearish momentum. It has faced strong support of 515, but the price didn’t respect the level and ended up losing bullish momentum.Continue reading