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padiyaraa

Well-Known Member
Nifty Hourly Chart. Close up of the minor wave 5 (Black)
We are probably in wave [iii] of Minor wave 5
an impulse started from 10586. it seems like the inner wave iii is completed.
support for the current correction is 11380 and 11266.
1553434440575.png


Nifty Daily Chart
A Broad look for the Intermediate wave (5) starting 6825
We are probably in wave iii of Minor wave 5 of Intermediate wave (5)
1553432481798.png


Nifty Monthly Chart with Wave count
We are probably in intermediate wave (5) of primary wave [3] circled of cycle wave III
1553433794181.png
 
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padiyaraa

Well-Known Member
Nifty moving in an impulse wave probabily this is the
minor wave 5 started from 10004. Wave iii of [iii] of 5
resistance at a parallel channel is shown from last
Wednesday onwards here, and it is correcting the iv th now,
will have good support at around 38.2 % of the wave iii.
A Fibonacci retracement level is shown in the chart marked red
First Support level 11380 is broken today.
1553498107827.png
 
Nifty moving in an impulse wave probabily this is the
minor wave 5 started from 10004. Wave iii of [iii] of 5
resistance at a parallel channel is shown from last
Wednesday onwards here, and it is correcting the iv th now,
will have good support at around 38.2 % of the wave iii.
A Fibonacci retracement level is shown in the chart marked red
First Support level 11380 is broken today.
View attachment 34100
Yeah, 11380 region also happens to be the 8EMA level at present - maybe a resistance now.
 

padiyaraa

Well-Known Member
Kitex at 102, is showing a kind of positive divergence, the stock is trading above 13, 34 & 55DEMA with all those MA is converging for a positive turn. It will be a break out above 108. And it is definitely a good buy above 108 with Stop loss at 96. First target 140
1553523341658.png
 

padiyaraa

Well-Known Member
Bharat Electronics: 92.4 Showing a positive divergence with the stock trading above 89 Day moving average, and a strong cross over of 13 DEMA Above 89 DEMA. 100 is the First resistance, then 120.
Stop Loss: 87

1553682058003.png
 

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