NIFTY, ADANIENT, & AXISBANK: Tips & TA
NSE TECHM: Multiple Timeframe Analysis
I’m using 3 different chart patterns to find out NSE Tech Mahindra stock trend for upcoming days.
- Monthly Chart: Price Action
- Weekly Chart: Head and Shoulders Pattern
- Daily Timeframe Chart: Ellott Wave Theory
I. Monthly Timeframe Chart – Price ActionContinue readingAXIS BANK: Peculiar Reversion Or Trend continuation?
Axis bank has been in the consolidation phase for more than 15 months. Prices fall rapidly after the crossover of 50 & 200 EMA. We can draw two control lines, which can be helpful for target measurement. If the price enters into the parallel channel, and after retracement sustains above 680, traders can trade for the following target ofContinue reading
NSE Nifty Has unfolded Bearish Structure
Have you read the Previous report on nifty and bank nifty?
Click Here – NSE NIFTY & BANKNIFTY OUTLOOK FOR INTRADAY TRADERS
I have mentioned in clear words, “After Gap is down, if the price sustains below 16220, traders can expect the following targets: 16150 – 16036 – 15956.“
Nifty formed a bearish pattern, and It was a gap down signal.
Is Pokarna Marching Towards The Final Target?
Do you remember Pokarna’s wave projection?
Click here – POKARNA STOCK IS A MONEY – MAKING MACHINE
BEFORE
POKARNA had broken down the 200 EMA, and the price was declining.
After making a high of 788, the price started falling for the final impulsive wave C of wave ((4)).
I had written clear words,” Currently, the price has broken down to A wave at 585. If it sustains below 585, traders can expect the following targets: 558 – 536 – 505.”
AFTER
Today, the price made a high of 583 and started falling due to heavy supply. It was a good selling opportunity for sellers with a strict stop loss of 585.
- 01:45 PM – Pokarna reached the first target of 585.
- 02:40 PM – Pokarna reached the second target of 535, and made a low of 527.
If you have traded this setup, you could get approx a 10% return in just single trading session. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
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