Day Trading Stocks & Futures

[siddhant4u]

The big 'M' of Tata Motor, trying to break 150 level since Dec last year!

 

[Smart_trade]

In last 8 months ( from Nifty went below 10000 ) Bajaj Finance appreciated by 50 % and it shed 10 % today.....in last 2 years it went up by over 100 % so 10 % drop is not very large considering the appreciation investors got in last 2 years. It is the nature of this beast.

Smart_trade

 

[sr114]

On sales tax and relevant taxes , people are clever enough to handle those loop holes in system..

My house owner whose rental income alone 3 lakhs per month, dont even have PAN card...he never paid any income tax at all..

mine's landlord too - never ever paid income tax on rental payment

 

[RadhuK]

I suspect HCL Tech top is in place. final weekly candle of apr 2019 likely to act as top for new few years. It might do a little trick by going above this top as well.but still its sell on every rally type candidate based on my analysis. But its very unlikely to breach this stop. lets see. I am looking for 708 level as initial expectation. It took 3 years to reach from 708 to 1187 but it it might take less than half time to erase this entire gain.I am keeping an eye on it. this is just my view and i could be wrong
View attachment 35993

If this is weekly wolf on HCL Tech.. targets are even lower .........sub 600 levels

 

[timepass]

Not a proper WW, I think. The lines are not converging, they are parallel. Also, no volume confirmation.

View attachment 36029
If this is weekly wolf on HCL Tech.. targets are even lower .........sub 600 levels

 

[RadhuK]

Not a proper WW, I think. The lines are not converging, they are parallel. Also, no volume confirmation.

Not all patterns look classic. The point 5 high(blue arrow) has to be crossed, in order to negate this pattern.

 

[Riskyman]

The big 'M' of Tata Motor, trying to break 150 level since Dec last year!

View attachment 36023

I have been for a long time a fan of this pattern. TaMo is quite headed for painful days if recent support gets broken which think is very likely in a few weeks. You can see where it stops next on the chart.

 

[Riskyman]

View attachment 36029
If this is weekly wolf on HCL Tech.. targets are even lower .........sub 600 levels

Not a proper WW, I think. The lines are not converging, they are parallel. Also, no volume confirmation.

Not all patterns look classic. The point 5 high(blue arrow) has to be crossed, in order to negate this pattern.

- Wave 3 and Wave 4 must be contained within the channel created by Wave 1 and Wave 2.
- Wave 1 and 2 equals Waves 3 and 4 which should highlight a perfect symmetry.
- Wave 5 breaks above/below the trend line created by wave 1 and wave 3. This break is the trigger.
- There is regular time between all waves. Time to complete one cycle from low to low (and from high to high) is the almost same. So, between 1-3-5, there are equal timing intervals between wave cycles.

The 5 alternating wolfe waves form a perfect channel or an ascending/descending wedge. And sometimes even a flat channel.

Wolfe waves can be ascending/descending wedges with above conditions met.

The point 5 high(blue arrow) is actually a trigger. In a classic bearish WW, the wave has to break point 5 to the upside, then fail and fall back into the channel. This fall back into the channel is a short trigger. Breaking upside does not negate the pattern.

 

[siddhant4u]

since last couple of days following article keep propping up over internet on PR sites. Although company in question is Bajaj Finserv, words used such as 'without collateral' or 'guarantor' are not good way to do business.

 

[TraderRavi]

On sales tax and relevant taxes , people are clever enough to handle those loop holes in system..

My house owner whose rental income alone 3 lakhs per month, dont even have PAN card...he never paid any income tax at all..

This is why honest tax payers have to suffer and govt dont get money to spend on welfare. people with other incomes than salary dont pay taxes. Recently a small kachoriwala in UP was in news with income over 1 crore and never paid taxes . lakhs of such small business owners dont pay any taxes.