Day Trading Stocks & Futures

[john302928]

I was just checking one of the stocks that hit UC today LT Foods. I was able to recognise few waves and that could produce 30-40% gain in the short to medium term. So just thought of sharing my analysis.
Stock corrected 85% from its all time high that happened 1.5 years back. Now it shows reversal signs for shortterm since it correct ed more , there are probabilities for it to produce some quick gains.
Below is the 15 min chart. impulsive waves are not yet completed. I feel wave (3) itself is not yet completed. So probably another 10-15% is still left. Once 5 wave are complete, it is likely to correct for wave 2 and then rally for wave 3. I just hope it complets this this green wave (5) soon. so that we could catch next cycle
By any chance if it falls sharply on monday then this count will automatically be invalidated then we might have to look for fresh counts. Its less likely to happen. Because it has divergence in daily time frame

 

[Riskyman]

Riskybhai,
monday holiday hai. Long weekend, kya karenge ab bor ho jayega.

Thoda relax karunga. Bahut bore ho gaya tho ek do log ko pakdunga aur unka bhi correction karunga

 

[vivektrader]

Weekly 13 sell in Asian paints...

Vivek

 

[john302928]

MRF Ltd Looks like coming out of channel. If it doesnt go below 54550 in the next couple of days and reaches 58000 and hangs in there with hesitation then we can gain confidence that it is heading for 69900 in the short term. We might have higher targets that we can assess once it goes in the desired direction

 

[john302928]

Asian Paints Elliott wave analysis.
Below is the 15 min time frame chart and green wave i looks like an extended and longest wave and wave iii is shorter than wave i. So if that is correct then wave v might be shorter than wave iii. because wave 3 cant be shortest among 1,3,5. So wave v might not cross 1634. it might find termination point well before that perhaps just above 1600 level or around that zone. If it crosses that 1634 waves need to be relabled accordingly. Here wave v looks like forming Ending diagonal pattern and is contained in channel. and subwave (3) looks like going on. we might have couple of legs due. If its ED then stock will crash back to wave iv soon. Lets see how it goes.

 

[Smart_trade]

Weekly 13 sell in Asian paints...

Vivek

I was monitoring daily chart and few more bars are left I guess...but it is getting extended,,,,

Smart_trade

 

[checkmate7]

Asian Paints Elliott wave analysis.
Below is the 15 min time frame chart and green wave i looks like an extended and longest wave and wave iii is shorter than wave i. So if that is correct then wave v might be shorter than wave iii. because wave 3 cant be shortest among 1,3,5. So wave v might not cross 1634. it might find termination point well before that perhaps just above 1600 level or around that zone. If it crosses that 1634 waves need to be relabled accordingly. Here wave v looks like forming Ending diagonal pattern and is contained in channel. and subwave (3) looks like going on. we might have couple of legs due. If its ED then stock will crash back to wave iv soon. Lets see how it goes.
View attachment 36993

Whats your EW analysis on one of forums favourite stock BAJAJ FINANCE ?

 

[vivektrader]

I was monitoring daily chart and few more bars are left I guess...but it is getting extended,,,,

Smart_trade

Daily at sell CD 8.
When daily will concur with weekly, probably that's the time to get out of portfolio position in Asianpaint, to re-enter again at a lower level.

Vivek

 

[Smart_trade]

Daily at sell CD 8.
When daily will concur with weekly, probably that's the time to get out of portfolio position in Asianpaint, to re-enter again at a lower level.

Vivek

Breakout breakout karte huve ab sab janta baithegi na teji ke gaadi mein.....

Smart_trade

 

[vivektrader]

Whats your EW analysis on one of forums favourite stock BAJAJ FINANCE ?

All analysis in Bajaj finance should be used either to enter long (when analysis supports it) or to exit and wait to buy at a lower price (when analysis says correction), Its best to not short this counter, but that's only my 2year experience with it, may or may not be worthy...