Free Stock, Commodity, Forex Trading Tips & Education Articles

NSE Ajmera, Apollohos & 3MIndia – Update & Tips

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AJMERA

Before: 

Free nse stock ajmera chart calls

AJMER has completed the corrective wave B, where the price was preparing for final leg C.

I have written in clear words,” Traders can trade for the following targets: 360 – 356 – 342+.”

Click Here to read the previous research report.

After:

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23 Feb 2022 – AJMERA reached the first target of 360 and the second target of 356.

24 Feb 2022 – AJMERA touched the final target of 344.

Further, the price may retrace to the lower band of the parallel channel.

Apollo Hospital

Did you read my previous research report on Apollo hospital?

Click here to read the previous research report.

Apollo hospital was unfolding triple zigzag correction wherein the price has formed wave C of wave (Z).

I have mentioned in clear words, “If the price sustains under the upper band of the channel, Traders can trade for the following targets: 4401-4345- 4208 and more.”

21 Feb 2022 – Apollo hospital reached the first target of 4401.

22 Feb 2022 – Apollo hospital reached the second target of 4345 and made a low of 4300.

Furthermore, Price is preparing for the final target.

3MINDIA

3MINDIA have formed the impulsive wave 5 of wave (3).

The price has established the corrective wave (4), and it has broken down the wave iv of lower degrees. It was a clear indication of a bearish atmosphere.

I have mentioned in bold words, “Traders can initiate a short position for the following targets of 21010-20557.“

Click Here to read the previous research report.

24 Feb 2022 – Price reached the first target of, 21010, and made a low of 20660.

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MCX Gold & Nickel – Profit Booking Time

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Free mcx gold chart tips

Did you read the gold report? If not, click the below link.
22 Feb 2022: MCX Gold’s Bullish Mode Activated

While the gold price at 50532, I had written, “we will see the gold price above 51160 – 51740“.

Today, it has touched the first & second target. Who bought it? Profit per lot: Rs.1,20,800

Free mcx nickel chart calls

I have updated a full report of Nickel on Feb 6, 2022. Did you read it? If not, click the below link:
2020’s Uptrend Channel Is Everything For MCX Nickel

I had written, “It’s a sign for a buy signal. But intraday or short-term investors should confirm that breakout before proceeding. And they must look out for candle’s fakeout. Afterward, be ready for the targets of 1800 – 1840 – 1876+“.

Today nickel has touched all targets. Who bought it? The target was 133.4 points. Profit per lot: Rs.2,00,100

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NSE UBL Is Declining, But Major Support Is Ahead

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Time frame: Weekly

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UBL created an all-time high at 1785 and started declining to overcome the demand pressure.
Bulls pushed prices extremely high, and bear found that convenient to sell.

The stock has respected equilibrium in the parallel channel.
At this glance, the price is at the lower band of the parallel channel.

If the price breaks the parallel channel, it has to break the pivot level 1452. Or the price will give a fake-out and enter into the channel.

The level of 1452 was a monthly resistance level, which became the support level for the current price. We can strong move below this level, and rejection will lead us to the end of correction.

Timeframe: Daily

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After creating the extreme low of 749.50, UBL has started forming an ascending channel.

Excess:

In this channel, we can see five excess at the upper band of the Parallel lines.

Excess – 1008

Excess – 1047

Excess – 1166

Excess – 1329

Excess – 1185

We also have two excess on the lower band of the parallel channel.

Excess – 912

Excess – 1051

It indicates that supply pressure has always tried to push the price up.

At high prices, bulls realized that They couldn’t push anymore. 

Seller started controlling demand pressure by supply.

Bull responded to selling pressure with a responsive move.

Less excess on the lower band means that buyers haven’t missed responding.

No trading zone:

No trading zone is an extent wherein speculators or investors are avoid trading.

At the upper band, the length of the no trading zones is similar.

Zone 1: 80 bars, 117 days

Zone 2: 82 bars,124 days

Control Line:

The Control line has provided nine touches to the price.

Price has tried to break the control line more to three times, but it couldn’t break the control line, and the price fell to the lower band of the parallel channel.

Stand Point:

We are using a pivot zone at 1452 to avoid fake-outs. If the price breaks the pivot level, it can go for 1390-1311. Hence, the price is bullish only above the pivot level.

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MCX Gold’s Bullish Mode Activated

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free commodity gold tips daily chart

Did you read the 26 Jan 2021 article on Gold?
Article: Don’t Get Yourself Into a Bull Trap With MCX Gold

Wherein I have highlighted a strong resistance (SR) which is 49280. It has broken down on 14 Feb 2022. That indicates the MCX gold uptrend is unfolding here. If it consecutively remains above the SR, we will see the gold price above 51160 – 51740.

The following indicators have been indicating impending advance:
ADX, DMI, and MA

Watch significant releases or events that may affect the movement of gold, silver, and crude oil.

Tuesday, Feb 22, 2022
19:30 S&P/CS HPI Composite – 20 n.s.a. (YoY) (Dec) – Medium Impact
20:15 Manufacturing, Markit Composite, & Services PMI (Feb) – Medium Impact
20:30 CB Consumer Confidence (Feb) – High Impact

Thursday, Feb 24, 2022
03:00 API Weekly Crude Oil Stock – Medium Impact
19:00 GDP (QoQ) (Q4), and Initial Jobless Claims – High Impact
21:00 Natural Gas Storage – Low Impact
21:30 Crude Oil Inventories – High Impact
22:30 FOMC Member Mester Speaks – Medium Impact

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NSE Ajmera Is Impending Declining Unimaginable

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Free nse stock ajmera chart calls

Price has completed a five-wave corrective structure at 495.
The corrective waves consist of three waves wherein B is a corrective, and A & C are the impulsive waves of corrective structure.

Wave B has broken down the ending point of wave A, which suggests that wave C has started.

Measurement for Wave C:
Wave C can accomplish 61.8% of impulsive structure at 344.
Wave C can finish at 100% of wave A at 320.
Wave C can complete at the lower band of the corrective channel.

Traders can trade for the following targets: 360 – 356 – 342+

Head and shoulders pattern:
Right shoulder has broken down the neckline of the head and shoulders.
Head and shoulders also suggest a bearish atmosphere.

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Swing Traders, IGL Counter-Setup On Next Stop: At Corrective Wave Pattern

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I spend much of my spare time analyzing markets as many of you know. Yes, analysis is my day job, but it is also my passion. So, whenever the weekend comes around, I spend most of my time studying price charts in front of the computer. Though was looking for the swing trade setup for F&O NSE, At a lower timeframe I found Ending-Diagonal on IGL which is a highly reliable one of 13 patterns for R.N Elliott. So I decided to explain it.

The trend identifying Monthly Line-Chart on Log-Scale

Because of line chart simplicity, we’re just looking to identify the trend purpose which is a clear visualization of the primary trend. A popular trading expression is “the trend is your friend.” Therefore, your long(buying) side trade will be referred to as the main or primary trade setup. 

The Monthly bar-chart Log-Scale for more clarity on what is going on inside up-trend and its up-down personality.

The bar-chart Log-Scale for more clarity on what is going on inside up-trend.

The support is still too far at or near the lower boundary line at the parallel price channel but Sometimes, the middle line would work as support also. This is essentially what I work with support at the bottom line or middle line. A price is near the middle line or a little below it that is why I would like to create a long trade-set-up.

Don’t ignore this outcome from the bar-chart: A trend is a downside in the range of parallel channels. 

Before getting started to apply the wave principle, let’s look up previous significant support & resistance at the Monthly Arithmetic Scale.

In a technical analysis term “Flip Range” refers to the small price range that dramatically changes its direction and touches it repeatedly. 

A Significant “Flip Range”: 345 to 364 where I am going to create a long setup for a pullback. 

The wave principle is applied on IGL at the monthly log-scale time frame.

As you can see in the price chart, I labeled using Elliott wave principles and recognized that a price is trading in the corrective mode. More importantly, the wave ((ii)) is exactly 61.8% multiple & wave ((iii)) is just beyond the 3.618 extended ratios but wave ((iv)) is deeper at 78.6% which is not a common or expected ratio on a log scale. A wave ((v)) is an extended wave. 

Let’s jump on the 2-Days time frame for clear visualization of the Ending Diagonal.

  • Therese important support for pull-back – 366-64/351 & 284.
  • A sharp correction has occurred after the Ending Diagonal is terminated.
  • The Ending Diagonal is a terminating wave pattern.

In real-time trading, I’ll create trade-setups utilizing the above supports. For instance, I’ll look for a pullback entry in the price range from 344 to 364 long side but during the trading hours, I always focus on price action to take action. 

To take action 4-hours chart at regulate scale:

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