Have you read my previous analysis on NSE INDUSINDBK?
Click here: NSE Indusind Bank has started forming wave 5
Continue readingNSE INDUSINDBK Is Preparing For A New High
Continue readingContinue readingNSE RAMCOCEM – Swing Setup
Will NSE PRECWIRE Hit The Final Target?
Do you remember NSE PRECWIRE?
Click here: Is NSE PRECWIRE Preparing For A New High?
BEFORE
I have written clearly, “If the price breaks out and sustains above 96.90, traders can trade for the following targets: 100.2 – 116.65 – 126.6+.”
AFTER
NIFTY Weekly Overview – 05 December 2022
Did you read the previous Outlook of Nifty 50? Click here: NSE NIFTY Weekly Overview – 31 October 2022 Result of the previous outlook: We discussed the importance of closing above the pivot level in our previous outlook. The price was trading at 17786, and it has broken out of the dynamic resistance line. My outlook for the month was bullish.
I had written clearly, “Can you imagine that one bullish candle could reach the 19000 targets in every advisor’s notebook?”
- Price has made a new high of 18998 in the future market.
Continue readingNSE TECHM – High Confidence Research Report
Timeframe: Weekly
TECHM has made a high of 1838 and completed the impulsive wave (5). It is the ending point of an impulsive wave that marks the beginning of a corrective wave. After the breakdown of the base channel, the price has stated an ABC correction.
TECHM has accomplished an impulsive wave at 943.7 with 2.618% reverse Fibonacci of wave (B) and 1.618% of wave (A). Wave (C) occurred nearby the previous sub-wave 4th at 943.
The current price movement is near the recent high of 1164, which represents a resistance level. This level should not be ignored if you have taken a long position. 1164 -1196 is a strong resistance zone that can abrupt upward momentum.
If the price breaks this range, swing/Positional traders can buy for the following targets: 1262 – 1360 – 1436+. Breaks out of the previous high suggest start of an impulsive wave, but the range breakout will be a strong evidence for an impulse.
Continue readingNSE NIFTY – Bulls Outnumbered Bears
Did you trade the NSE NIFTY Trade setup?
- Daily Setup – EWT – NSE NIFTY BULLISH SCENARIO
- Weekly Overview – NSE NIFTY Weekly Overview – 31 October 2022
BEFORE
I have mentioned clearly,”If the price sustains above wave B, traders can expect the following targets for wave (5): 18215 – 18340 – 18479“+Continue reading