Free Stock, Commodity, Forex Trading Tips & Education Articles

NSE BPCL – Barrier Triangle within Barrier Triangle

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Free nse stock bpcl weekly chart calls

Timeframe -Weekly

Today, I’m talking about real-time “Barrier Triangles” which developing on BPCL and very specific aspect of this triangle that I’ve encountered numerous times and that’s the frustrating aspect or characteristic of a triangle stuff to sometimes. In this instance, we are looking at a triangle where we actually have a triangle within triangle.

Let me explain you my price chart over real quick, and you’ll see exactly what I’m talking about. Notice we have connected by trend line waves A and C is horizontal and waves B and D sloping downward therefore, we reveal barrier triangle.

Breakdown – 357 expecting more fall.
Resistance – at or nearby 419

But here, lower TF research can increase odds and confident for trade setup.

I will shortly update – lower TF here.

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NSE: Abbott India Elliott Wave Projection

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Free nse stock abbotindia chart calls

Overview:

Abbott India has accomplished the impulsive wave 3, and the price is forming corrective wave 4. Price has occurred the sub-wave A. and Sub-wave B. Sub-wave C of 4th wave is in progress.

After completion of wave 4, the price will start its bull run.

Fibonacci relationship and wave Formations:

Wave ((1)) is a five-wave impulse.

Wave ((2)) retraced 50% of wave ((1)).
Wave ((2)) has taken 23 months to finalize.

Wave ((3)) is a five-wave impulse.

Wave ((4)) looks like a sharp correction.

Rule of alternation indicates variation between two corrective waves in terms of time, distance, and formation.

Because wave ((2)) was a complex correction, wave ((4)) should be a sharp correction.

Destiny of wave ((4)):

Wave ((4)) can terminate near the previous corrective wave (iv) at 13994.

Wave 4 can end at, 15064, which is a crucial support level.

The common retracement of wave ((4)) is 38.2%, but the price has broken down to this level. Next Fibonacci retracement level is 50% at, 13967.

Please note that the corrective channel has broken down, so bulls can enter when the price renter into the parallel lines. Otherwise, the price has bearish sentiments.

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2020’s Uptrend Channel Is Everything For MCX Nickel

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free commodity mcx nickel daily chart tips

MCX Nickel is following the above uptrend channel from 23 Jan 2020. And making a good trade opportunity for commodity traders. Nickel’s upward trend is not over yet. But we may see a downfall below the control price, and it can be up to 1686 – 1620.

But what happens if it breaks the control price?

It’s a 100% 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+.

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NSE PEL Is Preparing for 2400 – 2301

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free stock market nse pel chart calls

TARGETS:
Traders can initiate short positions for the following targets:
2400 – 2376 – 2301 – 2279

BUT DON’T TRADE BLINDLY. Read this following research to get how it is making selling opportunities for the intraday traders.

PEL is forming a double combination pattern on the 4-hour timeframe chart. Price has constructed LL(lower-low) and LH(lower-high) to confirm the bear’s existence.

Wave Formations:
Wave (W) is a double zigzag formation with seven wave structures.
Wave (X) is a contracting triangle with five sub-wave structures.

Wave (Y):
Sub-wave wave A & B has occurred, and wave C is progressing.
Sub-wave B has completed at 61.8% Fibonacci retracement of wave A at 2531.

The culmination point of wave C:
Wave C can end at 61.8% of wave A at 2279.
Wave C can cease at 50% of wave A at 2333.
Wave C can conclude at the control line, and 61.8% of wave ((W)) at 2376.
After completion of wave C, the price will start its bull run.

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NSE Godawari Power – Money Making Tree

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Free nse gpil chart tips

GPIL has formed a downtrend channel for the last six months.
Price has created 5 no trading zones. No trading zone is an area where trading activities haven’t taken place. It has constituted 2 excess on the lower band and 3 rejections, 2 rejections from the upper bend.
The control line has made eight touches.

Currently, the price is on the upper band of the parallel channel.
Don’t forget that price has provided two successful rejections from the upper band.

The trader can initiate a short position for the following targets of 313 – 304 – 290.
Invalidation: Breakout of the parallel channel.

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Will ICOMODEX Energy Reach 7500 Before March End?

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Free mcx energy index calls

ICOMODEX Energy is forming an impulsive wave 3.

Price has finished the corrective wave (iv) of wave 3, and the price is establishing an impulsive wave (v) of wave 3.

Price is about to make the last leg v. If the price breaks the high of wave iii, it can make an upward move of 7135 – 7290- 7355 -7477.

After the accomplishing of wave 3, the price will fall and break the acceleration channel.

What are the turning points for the prices?

+ Wave 3 can finish at 2.618 (7477) reverse Fibonacci retracements of wave iv.
+ Wave 3 can finish at 2.618 (7167) reverse Fibonacci of wave (iv)
+ 3rd wave can end after the breakdown of sub-channel.

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