Ajay7871

Ajay7871

Voltas can give almost 9% upmove good for swing trade

Ajay7871 Updated 

silver can come down in short term, but need to be cautious wait for conformation to make lower - low or to break the lower trend line to break and one can initiate in short trade.

Ajay7871

As seen in above chart NSE:COFORGE Looks in Bearish movement if continued the same move then in Wave5 can go till 2931 fibo ratio 0.5 and next till 0.618. & If it breaks the above invalid level (4036). then it can go up till 4632 in ABC Correction wave.

Ajay7871

As Per Elliott wave theory NSE:BALKRISIND looks bearish for short time, formed channel in wave C expecting minute Wave 5 will reach till fibo ratio 0.786 or 1688, and possibly reverse. if price goes beyond the invalid line or breaks channel upward then markings need to recheck. Risk management is Imp, use stop loss, Happy trading.

Ajay7871

As going through the chart muthoot fin look bullish for short term. but still in correction in larger TF.

Ajay7871 Updated 

NSE:LUPIN has just completed wave 1 which was a leading diagonal, with deep corrective wave 2 almost 0.236 of fibo retracement and also healthy volume built-up which looks good to buy, with Sl of 594 and Target of 733 , 881 .

Ajay7871

Can go bullish if 66 price level not broken. as per understanding about Elliott wave Theory, LTFH is in correction Intermediate wave ABC in larger TF, but bullish in daily TF or Minor wave C . one can go long till fibo ratio 1 /1.272, which can be Tr-1 = 154 , Tr-2 = 201. be cautious, good luck. Happy Trading.

Ajay7871

As shared previously, (Motherson Bigger TF) chart still looks bearish need to wait to buy can go down till 52 or if it breaks 77 one can enter to BUY.

Ajay7871 Updated 

Infy 1H chart, if breaks below 1482 good to sell, start of minute wave5, please also refer to below daily chart analysis of infy.

Ajay7871

INFY is going down in Channel expecting wave 5 to go near 1354 & then 1278. if the price breaks the invalidation level (1465) then the whole markings are invalid.

Ajay7871 Updated 

As you can see Divis Lab is on the way to downside, in minor Wave E forming a Triangle pattern. As per EWT minutte wave (c) can travel till fibo ratio 1 or 1.2 which are also my target. But a trader must be cautious if it breaks the invalid level of 3710, if this level breaks above all study/ Analysis will be invalid.

Ajay7871 Updated 

As per above chart BEL has given a triangle breakout which is end of Wave 4 and can go above for till those two target 264, 298

Ajay7871

NSE:SRTRANSFIN is in wave 5 of larger degree and also in smaller degree. more possibility of going bullish, safe entry after breakout of ending diagonal.

Ajay7871

As per above Chart analysis possibility of ending wave 4 which was complex wave WXY, now it can continue it's uptrend in wave 5 which can extend till 0.786 fibo ratio.

Ajay7871

NSE:MOTHERSON is in Correction wave ABC but in smaller TF its moving up and can retrace till the channel.

Ajay7871

As per the above chart NSE:MOTHERSON is bullish has given a breakout and can go till the upper line of the channel, If it breaks the channel there is possibility of further upside. But till now it looks like its going in Correction wave ABC. Where wave C can go till Ext fibo ratio of 1.272 or 1.618 . Safe to book near 1.272, Considering the bigger timeframe...

Ajay7871

As Seen in the chart there is possibility of reversal as one can see wave C is completed with 5 waves and 5th wave is ending diagonal. So, there is a probability that price can go and touch the median line of the channel which is my first Target & can be pulled back for some time and then further can touch to the upper line of channel. Note - before taking trade...

Ajay7871

Above is the view shared for KOTAKBANK, wherein it can go long of Wave 5 or in correction Wave B.