Day Trading Stocks & Futures
- Thread starter TraderRavi
- Start date
- Tags banknifty bnf daytrading nifty future
SPARC - Sunpharma Advanced Research Company Ltd
I found Elliott waves in SPARC chart and it looks like corrective waves are going on. Below id 60 min time frame chart.
It completed 5 wave structure prior to that and currently looks like experiencing 3 wave move as abc. a -completed. b looks like taking a form of triangle and wave c is due. and it is expected to reach 50-61% Fibonacci levels and we could witness a reversal candle around that zone . Once that happens we could expect stock to move towards 188 zone approximately. may not go above 204 because of its longterm downtrend behaviour but we need to check once it reaches our expected target
I have an option open to consider this current corrective wave could also be a part of a traingle or flat. But 140-133 could definitely be a buy zone and once the reversal happens we could follow the wave and decide how its going to go. Even if it takes any of the corrective pattern , it is likely to move towards our target. different corrective pattern will only eat time . Nothing else. The more it spends time in correction the quicker to reaches the target.
I found Elliott waves in SPARC chart and it looks like corrective waves are going on. Below id 60 min time frame chart.
It completed 5 wave structure prior to that and currently looks like experiencing 3 wave move as abc. a -completed. b looks like taking a form of triangle and wave c is due. and it is expected to reach 50-61% Fibonacci levels and we could witness a reversal candle around that zone . Once that happens we could expect stock to move towards 188 zone approximately. may not go above 204 because of its longterm downtrend behaviour but we need to check once it reaches our expected target
I have an option open to consider this current corrective wave could also be a part of a traingle or flat. But 140-133 could definitely be a buy zone and once the reversal happens we could follow the wave and decide how its going to go. Even if it takes any of the corrective pattern , it is likely to move towards our target. different corrective pattern will only eat time . Nothing else. The more it spends time in correction the quicker to reaches the target.
Rajesh exports
This is one of the stocks I expected it to crash 6 months back and it didnt do it (yet) . though it broke the 625 levels on the upside, It has not yet broken above the top which made me to think its going to fall.
Looks like its making a big triangle. if so then we could expect it to go up side sharply soon after few weeks.
But break below 555 zone might will put me back to the previous analysis. As long as this trendline is protected we can expect it to go above 900 and even 1000 zone. This is just expectation. but it could even get truncatedaround or above wave 3 high. because around wave 3 high zone price has been rejected 2 times. so we need to be careful. If it doesnt clear that high zone then this stock is useless as i said earlier. if this trendline is protected then we could see some impulsive movement and its initial expected levels are given. And during the impulsive movement if this trendline is disrespected then this cycle will be over and stock will head for correction /consolidation for very long time.
This is one of the stocks I expected it to crash 6 months back and it didnt do it (yet) . though it broke the 625 levels on the upside, It has not yet broken above the top which made me to think its going to fall.
Looks like its making a big triangle. if so then we could expect it to go up side sharply soon after few weeks.
But break below 555 zone might will put me back to the previous analysis. As long as this trendline is protected we can expect it to go above 900 and even 1000 zone. This is just expectation. but it could even get truncatedaround or above wave 3 high. because around wave 3 high zone price has been rejected 2 times. so we need to be careful. If it doesnt clear that high zone then this stock is useless as i said earlier. if this trendline is protected then we could see some impulsive movement and its initial expected levels are given. And during the impulsive movement if this trendline is disrespected then this cycle will be over and stock will head for correction /consolidation for very long time.
Gujarat State Petronet Ltd
Looks like making Ending diagonal and I expect it to get rejected around the zone marked. If it clears that zone successfully on the upside its going to produce fantastic gains in the longterm but if it gets rejected as I expcted then its not worth anymore to hold on to it. I expect ED to form and then stock to fall
Below is daily time frame chart with an expectation of ED. Looks like EDD might get completed this month itself and we might get bearish reversal signal as well. Lets see how it turns out.
Looks like making Ending diagonal and I expect it to get rejected around the zone marked. If it clears that zone successfully on the upside its going to produce fantastic gains in the longterm but if it gets rejected as I expcted then its not worth anymore to hold on to it. I expect ED to form and then stock to fall
Below is daily time frame chart with an expectation of ED. Looks like EDD might get completed this month itself and we might get bearish reversal signal as well. Lets see how it turns out.
What is this John bhai.. Me and you are more or less analyzing the same stocks. Methods are different but ending is same. 
About 10-12 days ago I posted SPARC. Didnt analyze it much but thought it was doing a dead cat bounce.
I have not yet posted a chart of GSPL here but have been watching for a breakout. Even if it fails a breakout on the daily for now, it may pull back to 200 and go up again. It definitely has more legs to go up. I think its likely to go to 280 in the coming few months.
About 10-12 days ago I posted SPARC. Didnt analyze it much but thought it was doing a dead cat bounce.
I have not yet posted a chart of GSPL here but have been watching for a breakout. Even if it fails a breakout on the daily for now, it may pull back to 200 and go up again. It definitely has more legs to go up. I think its likely to go to 280 in the coming few months.
Triveni Turbine Ltd
It looks like to have completed wave 4 as double 3. Last weekly candle was bullish engulfing candle so we could expect reversal is happening
If it comes out of channel then we could expect it to make new all time high above 160 in the coming months
15 min time frame chart of that weekly bullish engulfing candle. Since these small 5 waves produced more than 30% return we could expect the next leg produce the same 30% and if it is going to be wave 3 of one higher degree then it might produce more return
Startegy would be wait for wave c to end and then buy at wave b top with an expectation minimum 25-30% return. If it breaksout of channel then we could expect more.
By any chance if it breaks below 80 then we can conclude that previous double 3 correction is not completed or triple 3 is going on.
It looks like to have completed wave 4 as double 3. Last weekly candle was bullish engulfing candle so we could expect reversal is happening
If it comes out of channel then we could expect it to make new all time high above 160 in the coming months
15 min time frame chart of that weekly bullish engulfing candle. Since these small 5 waves produced more than 30% return we could expect the next leg produce the same 30% and if it is going to be wave 3 of one higher degree then it might produce more return
Startegy would be wait for wave c to end and then buy at wave b top with an expectation minimum 25-30% return. If it breaksout of channel then we could expect more.
By any chance if it breaks below 80 then we can conclude that previous double 3 correction is not completed or triple 3 is going on.
@Riskyman @travi @Smart_trade @siddhant4u @marimuthu13 and all,
Please let me know the best stocks to trade in futures based on your exprience. I need to know the list of stocks that has very good volatility. I really dont want to pay attention on slow (snail) movement stocks. I understand even slow moving stocks will move quickly when the momentum comes. but In general somestocks may have very good volatility of fluctuating atleast 3% or atleast 2%. Please share your stokcs list based on your experience. Thanks
Please let me know the best stocks to trade in futures based on your exprience. I need to know the list of stocks that has very good volatility. I really dont want to pay attention on slow (snail) movement stocks. I understand even slow moving stocks will move quickly when the momentum comes. but In general somestocks may have very good volatility of fluctuating atleast 3% or atleast 2%. Please share your stokcs list based on your experience. Thanks
Hospitals are clearly business crntres now days...even doctors coming there is not with passion...they spent crores to study (in kerala I heard for mbbs admission take 50lac-1 cr in renowned medical collages.....these students not passion init and after study they directly come to this businees.....this one section need to attend by some honest leader immidiately ...otherwise its going worst now days.....
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