Intraday Stock Tips

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NSE UBL Is Declining, But Major Support Is Ahead

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Time frame: Weekly

Free nse stock weekly ubl chart calls

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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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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NSE Apollo Hospital Is Preparing The Last Leg Of Correction

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Price Action Analysis

Free nse stcok apollohos price action tips

Apollo hospital is currently forming on the downward channel.

After creating the highest high of 5993, Apollo hospital couldn’t break this level, and supply exceeded the demand.

Price has begun creating lower highs and lower lows to confirm its bearish run.

Excess:

In this channel, we have four price excess. Excess is a signal of a sharp reversal. It indicates that the price can go more in current. Either bulls or bears have to step back to maintain equilibrium.

Excess 1: 5993

Excess 2: 4643

Excess 3: 4150

Excess 4: 4722

H-Lines:

Price has created two h – lines. H-top line holds the bulk of trading activities. After breaking H-lines, it can give a sharp move. It also works as dynamic support and resistance.

No trading zone:

No trading zone indicates negligible trading activities.

Here, traders are not interested in trading decisions.

Price has created five no trading zones.

Upper band & Lower band:

The upper band is the dynamic area where supply exceeds demand. The upper band provides resistance to the price. But, If the price breaks the upper band, the price will likely continue the current trend.

The Lower band is the dynamic area where demand exceeds supply. The upper band provides support to the price. But, If the price breaks the lower band, the price will likely continue the current trend.

Perspective:

Currently, the price is on the upper band of the parallel channel.

The price has created an excess (4724) on the upper band of the channel, which indicates.

If the price sustains under the upper band of the channel, Traders can trade for the following targets: 4401-4345- 4208 and more.

 

If the price breaks the previous lower high, it can change the trend by making a new high.

Elliott Wave Projection:

Free nse stock apollohos wave tips

Apollo hospital has formed a triple zigzag, and wave (X) of complex correction has completed at 4794.

Wave (W): 4643

Wave (X): 5141

Wave (X): 4150

Wave (Y): 4794

Wave (Z): –

We are riding the sub-wave C of wave (Z) of a complex correction.

Traders can enter a short position after a pullback for the mentioned target of 4401-4345- 4208.

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Alternative Count

If the supply fails to break the lower low of the Wave(Y), We can follow the alternative Count.

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NSE 3MINDIA Bearish Mode Activated

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Free nse stock 3mindia daily chart calls

Basic Tenets:
Elliott waves are famous for finding crowd behavior trends and reverses in recognizable patterns. Elliott’s wave principle is inspired and made from the Dow theory, which is the foundation of the technical analysis.

Elliott’s wave principle consists of eight waves.
In this eight wave, price forms two types of wave structure,

1. Motive structure:
– Five Wave Pattern.
– Moves with the primary/main trend.
– Labeled in Numerical method (1,2,3,4,5).

2. Corrective structure
– Three Wave Pattern.
– Moves against the primary/main trend.
– Denoted in alphabetical method (A, B, C).

Now, let’s look at the 2-day chart of 3MINDIA.

Timeframe: 2 day
Price has accomplished the impulsive wave (3) and started forming corrective wave (4) by breaking sub-wave iv of wave 5 of wave (3).
Currently, the price is in corrective mode.

Sub-wave 5 of wave (3) has ceased, the terminating wave v of ending diagonal. Price has broken down the corrective wave iv at, 22590, which signals bearish sentiments. After breaking the main channel, the price started falling sharply.

Calculation of wave (4):
The common retracement of wave 4 is 38.2% of wave 3.
Wave 4 can never retrace more than 61.8% of wave 3.
Wave 4 occurred near sub-wave 4 of lower degree.

Timeframe chart: 4-hour

Price has broken down the sub-wave iv of the ending diagonal of wave 5.
After the pullback, if the price sustains below, 22590, it is likely to give a big move below the parallel channel.

Traders can initiate a short position for the following targets of 21010-20557.

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NSE GPIL & PEL Sellers Crushed Buyers

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PEL: PIRIMAL ENTERPRISE

Before:

free stock market nse pel chart calls

PEL has formed a double three corrective structure. Price had completed wave B of complex correction W-X-Y.

As the price formed in the downward channel and the Y wave was to cease, the price had bearish sentiments.

I had mentioned in clear words,” Traders can initiate short positions for the following targets: 2400 – 2376 – 2301 – 2279.”

After:

Free nse stock pel tips

8 February:

Price reached the first target of 2400 and made a low of 2996.

14 February:

Price reached the 2nd target at 2376.

Price reached the 3rd target at 2301.

Price reached the 4th target at 2279.

GPIL: Godawari Power

Before:

Free nse gpil chart tips

PEL has formed a downward corrective structure. Price was at the upper band of the parallel channel.

The upper-band indicates supply pressure where sellers exceed buyers.

The price has provided two successful rejections from the upper band.

GPIL had bearish the sentiments.

I had mentioned in clear words,” The trader can initiate a short position for the following targets: 313 – 304 – 290.”

After:

Free nse stock gpil chart tips

At the upper band, the price couldn’t break the upper band of the parallel channel.

14 February: GPIL reached the First target of 313.

15 February: GPIL reached the second target of 304.

What’s next?

Price is at the lower band of the parallel channel. And if the price breaks down the minor parallel channel, it can travel up to the control line of the downward channel.

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NIFTY FUT Trade Setup For Subscribers

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