Wolf Wave is a price action pattern that is made up of 5 waves which show supply and demand relation in terms of pricing movements which fights towards an equilibrium price. Bullish wolf wave normally forms in falling channels and bearish in rising channels. And to be considered a wolf wave, the following rules must be
Read MoreList of technical factors which reflects the bullish formation is underway: 1.On weekly charts the stock price is currently trading in elliots fifth wave. 2.Again on weekly charts the stock price is perfectly holding its 200 EMA and SMA levels which looks an automatic moving average on the charts as well. 3.Long term trend line
Read MoreAfter a sharp fall Nasdaq composite forms a bullish cypher formation which is also confirmed with a long term trend line providing a good support zone. Here is the snapshot:
Read MoreBUY ARVIND ON DECLINES AROUND 405 WITH STOP LOSS AT OR BELOW 397 CLOSING BASIS FOR THE TARGET OF 434,, AND IF CROSSES THEN 450 ALSO LOOKS QUITE POSSIBLE. Technical references which shows the relation for the above mentioned stock are as follows: 1.EQUITY ANALYSIS:Although deliverable quantity is not so good for this script but
Read MoreBUY IDEA CELLULAR FOR 10% RETURNS: STOP LOSS FOR THE POSITION IS BELOW 80 CLOSING BASIS:
Read MoreAdani Ports is looking favorable for buying as the stock price is moving in the long term rising channel making higher tops and bottoms on daily charts. Also 200 day SMA and EMA providing good support at around 390 levels with a long bullish candle stick. Indicators like RSI also in oversold level which shows
Read MoreA falling head and shoulder pattern is a much reliable pattern as it occurs in a prevailing falling trend. Here is the list of technical factors which reflects the bearish move is underway: On weekly charts , the stock price has formed a Double Top reversal pattern which breaks below 660 levels . On daily
Read MoreTatasteel has been an out performer during the 2017 market rallies and realistically beat the expectations in terms of a bull move. But in today’s session as the markets gap up and then drags down after 2pm , metals , psu banks and pharma were the leaders in dragging the sensex. So on behalf of
Read MoreAfter reading the technical s of Reliance Industries I came to following conclusions of which the list is mentioned below: 1. Deliverable quantity in the equity markets for the last week or so is quite impressive which is above 50% on an average basis , which reflects the trend becoming stronger for more upside
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