The Chart pattern on M&M:

Disjoint channel:

Channels are used broadly by technical traders to identify and follow the trends of securities over time.
channel is one such charting pattern that technical analysts will use to evaluate the trend of a security.
In general, channels can be used to pinpoint optimal support and resistance levels to buy or sell securities.

Head and Shoulder:
In technical analysis , a head and shoulder pattern describes a specific chart formation that predicts a bullish-to-bearish trend reversal.
The head and shoulder pattern is believed to be one of the most reliable trend reversal patterns.

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Paid Attention to rhythm of the wave, AUROPHARMA next move…

We had provided this call to our subscribers.

Sell Nifty fut 10448-10459 and stoploss 10496 targets 10378-10121.

They have enjoyed this call

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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———-One DAY chart———-

A continued move towards up-direction from level 288 to 818.
Main Resistance level is 830
From the current level, price will be attracted near 769 price, and continue to follow the price up-to 842.

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Part 1-: 5th Wave of EWT on Reliance Target Achieved!

Have you remember our RELIANCE INDS chart posted on 9 Jun 2020?

Click here to see —> RELIANCE INDS

We told that it will take support 1483 nearly to that point RELIANCE came and taken its support.All the targets were achieved 1693/1758. If you have traded, i hope you enjoyed the free trade.

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R 1800 nearby

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Part 1: SBIN, EWT support 171.5/176.5 key levels

Important for reversal 176.5 & 171.5, the outcome was clear that we would get a smart move higher.

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IDEA, has new idea for 5-Wave target trade

I opined to be extended wave 3 and price retraces 38.2% from topping out wave 3.

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