Economic Cycles
current count super cycle-3-cycle-1,primary-5 super cycle degree-white
cycle impulse-yellow,
cycle correction-red,
primary impulse-blue
currently we are in super cycle degree wave 3 which is supposed to be most powerful impulse,hence as an individual one should always look to buy this stock be it for intraday,swing or positional trading as higher degree will always have bigger impact on price movement.
In coming days(this month end) if prices correct's and gives negative closing on monthly chart than we can assume that wave 1(cycle) of wa
Eth Wyckoff AccumulationEth has just played off a classic Wyckoff accumulation pattern. I had followed this ever since the secondary test, and the spring and LPS has played off since then. Sharing it to reach a wider audience. Thanks to uncomplication on YouTube for introducing me to Wyckoff patterns!
Andhra Sugar - Weekly Breakout. Looking good on WoW Basis#ANDHRSUGAR
Perfect candidate to ride the Soft Commodity and Sugar Rally and hence my conviction here. Numbers listed are weekly considerations
Entered at - 442
Stop Loss - 415
Target 1 – 486 ( Next coming days )
Target 2 – 592 ( 4 to 5 months )
Target 3 - 672 ( 8 to 10 months )
Some of you might not agree with the gap between SL and entry price but I am okay to let this play with my risk appetite for next coming days and next 4 to 5 months
On Daily chart is it now retesting its breakout
MARKEY CYCLES PSYCHOLOGY | EMOTIONS & COGNITIVE BIASES
All markets go through cycles of expansion and contraction.
📈When a market is in an expansion phase (an uptrend), there is a sentiment of optimism, belief, and greed. Typically, these are the main emotions that lead to a strong buying activity.
Sometimes, a strong sense of greed and belief overtakes the market in such a way that a financial bubble can form. In such a scenario, many investors become irrational, losing sight of the actual value and buying an asset only because they believe th
Indus Towers - 5G Play, Long Term AccumulationAs per Dow Theory, Indus Towers has over the years formed a classic "Accumulation - Participation - Distribution" pattern which has since mid-2019 reset back into the Accumulation phase.
On the fundamental side, 5G Technology is expected to be one of the big plays in the coming years.
Indus Towers has also slowly but steadily been accumulating into forming a bullish pennant. It may take some positive news or event to push it towards a breakout, but sooner or later looks likely.
USDINR Historic Price StructureIn the latest structure it can be seen that there is a compression in the price range. The breakout in either direction may lead to a significant move. But the trading range between 70 and 72 may act as a support on the downside.
U
TLong
Surya Roshni is ready for shine like a sunbuy & hold
add @357 range
trgt 400-435-457-500+🎯🎯🎯
anytime we can expect 🚀🚀
🔹the stock published good result in q3
🔹stock in a uptrend
🔹feels like accumulation
🔹 chart shows bullishness
🔹any time we can expect a breakout
study then invest
about the company
🎇Surya Roshni is engaged in the largest GI Steel Pipe Manufacturer and the second largest in lighting products in India.
support🔸like🔸comment🔸
How to categorize trends?In times like these when markets are moving down so much from the high point, it is important to understand this chart.
In a Bull market, the market consistently makes higher highs and higher lows. When the market starts moving lower, people start fearing an incoming bear market or a crash. But it is important to note that, if the market is down <10% from all time high, it is not enough to be considered a correction.
A correction is when the market is trading between 10% and 20% lower from t
Bank Nifty - Next MoveBNF is in a zone that is really hard to day trade. Tomorrow is Wednesday so premium decay would be a factor to consider if you are playing with option buying
There can be two possibilities
BNF makes a trending move downside towards 50 DMA. DMA are like magnetic lines that attract price towards it when they are near. Usually, it is also seen that patterns repeat for a given script. Last time when 20 DMA was broken and the price was nearing 50 DMA it formed an inside bar. Today also it form
Nifty 14529 - Our reviewNifty 14529 - We expected and posted on Thursday that SM has more possibility push down Nifty to support 14970 .But Nifty pushed further down and we find some short recovery with accumulation around 14850 which was negated as panic selling push down nifty further down with bond yield announcement. We find heavy accumulation at the end of the session. We expect Nifty to raise again and test the resistance 15150 region.























