Paid Attention to rhythm of the wave, AUROPHARMA….!!!

Elliott’s wave theory

The wave A and B in both sets parallel channel and Wave C will be set of next 5th Wave.

Elliott’s cycle of the 5th Wave is under-construction. 3rd wave was extensive in price and after it, Two Sets of AB and C with slanting parallel channel.

-> Bottom Out: You have figured out that Wave 4 would normally retrace 0.618% of Wave 3.

Wave Personality : I won’t expect 5th too much extensive than 3rd wave that why A, B, and C cycle fall projected in the chart.

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Footmark of HINDUNILVR with (Speculative, Waves, Channel etc)…

  • Buying in pull-back 2001 nearby.
  • Put the alert in your trade-terminal.
  • Expected more than 200 points move in next.

 

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————————WEEKLY CHART——————————–

Last week has reversal pin-bar and next week expected move 222 point
from 7-Days AT from the closing.
The price follows to lower bound & upper bound of Parallel Channel.

————————DAILY CHART——————————–

Start looking from left to right, Impulsive & Corrective Waves.
Impulse legs in 1 to 5 and correct legs has A, B and C waves. Presently, we are going up wave.

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Be Careful Long Traders On ITC Price Can Be Trade In Range

  • long-term trend is downward
  • expected no trading activities above attraction line.
  • price can rest between lower bound and attraction line.
  • project will help to how stock can perfect.

Advised to traders and investors: be careful to take long.

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Beauty of Fib. Retracement on NIFTY

This pullback can push price 9066 up to easily.
At a,b and c of 50% retracement zone from where price started to move downward.

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Value area with 3 control lines has plotted of parallel channel.

  • The control C1 and C2 is stronger than C3.
  • Value area is predicted by price and control price. There is more chance to continue to fall.

Nifty is follwing weekly channel since long 2005 year

Target achieved Fib Retracement:

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Dealing with 4-chart “extensively research” at Reliance price

  Volume vs. Price Action:

Points to be focus on:

  • Gap (run away type)
  • Invalid Doji (from the left to right Doji is invalid because of low volume compare to previous candle)
  • sequence of tails (sign of existence negativeness)
  • Interruption began to push price upward.

Red Alert : sellers will take action on the Red Alert zone 1542 to 1490, and price will T1 as target.

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Fibonacci Retracement:

Confluence zone 1353 to 1329 target
next target 1250 nearby if sellers will continue.

Wave analysis theory (unconfirmed):

Parallel Channel and Project:

T1 -1375 to 1380

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Validation of Parallel Channel And Decisive Zone For TCS

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Parallel Channel defined validation, more than 2 price is used to find price point by connecting at least minimum two price in degree.

TCS trading price at DECISIVE zone for further direction: up-break or follow the channel as projection. If price is continue call follow the price Parallel channel, the first target is at 1977 nearby.

Observation by using PRICE ACTION with Volume:

No INVALID sign of any kind has been seen yet. That’s why we have no clue for selling. In terms of price and volume, the rhythmic seems moving. Possibility for up-break out or wait for sign of invalid candle.

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