Looking for reliable and free stock tips? Look no further than Moneymunch! We provide intraday and positional trading calls, technical analysis, research reports, and daily or weekly charts to help you make informed trading decisions in the stock market. Subscribe now and stay ahead of the game!
The “B” mid-point is at 61.8% of XA leg.
(Alternate Bat required exact 38.2% B retracement)
For the Crab pattern or Gartley, the “B” can be 61.8% but D must me equal or more than 2 AB = CD.
By the looking on the chart, we have 2 best entry point to enter long side.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
It is near the main support line and likely to take its support and move up direction.
At the current level there is two support acting, 1st main support and 2nd symmetrical triangle ascending lower trend, so it has a strong support.
In the past it had already made a symmetrical triangle and was so accurate the price target was perfectly followed, so it is concluded that that price will follow its support and move up, The triangle itself is neutral, it still favors the direction of the existing trend and traders look for breakouts in the direction of the trend.
BUY ZONE -128-123
STOP-LOSS -119
TARGET -163
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
The Bharti Airtel has made double bottom, and it is in support line.
A curve movement has occurred in this stock.
Investor generally invest in this point, the risk factors become low.
In future how at every resistance can react in that point it is plotted.
The target is very high because every disciplined investor will look at the best possible higher targets.
The price movement is low.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
FIRST Wave: (Leading Diagonal Contracting)
In the first wave, we have detected the Leading Diagonal contracted within two yellow-colored covering lines but the leading diagonal occasionally appear in the first wave position of impulse. I have labeled by using roman numbers.
SECOND Wave: (The 50% Retraced)
Its a corrective wave formed A, B, and C. Its retraced 50% from the first wave and the price didn’t carry to a new low.
THIRD Wave: (Impulsive and Extended)
This wave is strong and broad with the Extension moved. The subdivisions of an extended wave are nearly the same amplitude and duration as required.
FOUR-Wave used Technique : (of Channeling to determine Five Wave)
I’ve used here channeling technique for confirmation of four-Wave completed perfectly. In this case, suppose to the fourth wave ends at a point touching the parallel channel.
FIVE Wave: (Price is currently toward this wave)
I have connected the ends of waves two and four to determine the five-wave causing wave one and three is normal.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
This call was given to our subscribers today.
NIFTY50: Sell 11986, Stop-loss 12027 and Target 11767
Sold at 11986- covered position 11767 = 219 PROFIT
I have described the complete market cycle of Elliott7653 on the weekly chart of nifty as well as two model structural development which are Motive and corrective. Now that I’ve reviewed all types of waves, I can summarize their labels, as showed in the nifty chart.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Normally I don’t prefer to trade with a heavy position at 5th wave especially, whenever the 3rd wave is extended. In this case, we’re moving toward forming the 5th Wave.
I have already predicted 5wave of A, B, and C by using future expected retracement.
Unlock This ArticleTo become a subscriber, subscribe to our free newsletter services. Our service is free for all.
