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Nifty Elliot Wave theory explained with projection of wave 4

NSE:NIFTY Till date  Nifty   on wave 3 on larger degree of  Elliot wave Explanations:- ** If we subdivided wave into shorter degree or in 5 wave its match with Fibonacci retrenchment levels in all subdivision of wave 1. ** On wave  2  which is a corrective wave also match with  Elliot wave  rules and its take corrections within 50% of wave 1. ** On  wave 2  subdivision are also match with corrective wave patterns. ** Now comes to  Wave 3  which is need to match with  Elliot wave  theory where Fibonacci levels should be  161.8%  of  wave 1 , which is  11340  approx. ** If the  wave 3  subdivided into shorter wave degree, we can see the  5th wave  is forming and it has to be within  1.236-1.618%  of wave , equal to  wave 1 or 61.8%  of  wave 1+3 . ** So now comes to conclusion on 5th wave * Either  1.236- 1.618%  Fibonacci levels of  wave 4  which is on  11630  approx * Or equal to  wave 1  which is  12450  approx * Or  61.8%  of  wave 1+3  which is also near  12457  approx ** Now end re
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Possible double top formation can be seen in the near term on LT

Larsen & Toubro Outlook: Possible double top  formation can be seen in the near term on  LT where 1st phase or 1st top already completed now all could do assumed that possible next top formation going to be happened within month. We can see that TOP-1 having a heavy selling pressure on 1200 level which is the previous top High and demand continued on 1100 level which is our possible neck line which is also shown strong support  and continued decline on  volume  .  In case of Possible TOP-2 which High (1195) is also within 3% compare to previous TOP-1 High (1225) because TOP-2 high within 3% so we must consider as a TOP-2.  In case if all the possibilities are going to be happened our neck line should be on 1100 level with possible Targets are - 1050/1012/975 but Stop Loss is not still clear so we must wait for good stop area formation and neck line break.  

Hindalco Outlook: Trend reversal candle Doji on top

Hindalco is trading almost near life time high where we can see a Doji and Doji  star formation with a confirmation candle, Doji and Doji Star are completely a reversal signal for short period of time and voulme  also decline for past two weeks (low demand on top).  If stock open on Monday near Friday close or below and able to break 213.25, this reversal trend will continued,  Try to apply this strategy with volume below 213.25 and immediate support levels are on 210.35/207.30 and strong support 205.20 level and resistance levels are 216/220.20/224.80 

Daily Trading Strategies Update for NSE Cash and FO

                           DAILY STRATEGIES UPDATE        DATE-21-02-2017 WWW.BEAANALYST.BLOGSPOT.COM SELL BELOW 8823 WITH TARGET-8807/8787 AND STOP LOSS-8833, TRAILING STOP-8 NIFTY50 BUY ABOVE 8872 WITH TARGET-8888/8908 AND STOP LOSS-8862, TRAILING STOP-8 S3-8787 S2-8807 S1-8823 LEVELS R1-8872 R2-8888 R3-8908 SELL BELOW 140.10 WITH TARGET-139.25/138.20 AND STOP LOSS-139.65, TRAILING STOP-0.45 PNB BUY ABOVE  142.70 WITH TARGET-143.70/144.70 AND STOP LOSS -142.25, TRAILING STOP-0.45 S3-138.20 S2-139.25 S1-140.10 LEVELS R1-142.70 R2-143.70 R3-144.70 SELL BELOW 181 WITH TARGET -179.75/178.25 AND STOP LOSS-180.40, TRAILING STOP-0.60 HINDALCO BUY ABOVE 184.65 WITH TARGET-185.90/187.40 AND STOP LOSS-184.05, TRAILING STOP-0.60 S3-178.25 S2-179.75 S1-181 LEVELS R1-184.65 R2-185.90 R3-187.40 SEL

Daily Trading strategies for NSE Cash and F&O

                           DAILY STRATEGIES UPDATE        DATE-20-02-2017 WWW.BEAANALYST.BLOGSPOT.COM SELL BELOW 8826 WITH TARGET-8810/8790 AND STOP LOSS-8835, TRAILING STOP-8 NIFTY50 BUY ABOVE 8874 WITH TARGET-8890/8910 AND STOP LOSS-8866, TRAILING STOP-8 S3-8790 S2-8810 S1-8826 LEVEL R1-8874 R2-8890 R3-8910 SELL BELOW 140.15 WITH TARGET-139.20/138 AND STOP LOSS-140.65, TRAILING STOP-0.50 PNB BUY ABOVE  143.05 WITH TARGET-144/145.20 AND STOP LOSS -142.55, TRAILING STOP-0.50 S3-138 S2-139.20 S1-140.15 LEVEL R1-143.05 R2-144 R3-145.20 SELL BELOW 184.30 WITH TARGET -183.10/181.50 AND STOP LOSS-183.70, TRAILING STOP-0.60 HINDALCO BUY ABOVE 188 WITH TARGET-189.25/190.80 AND STOP LOSS-187.40, TRAILING STOP-0.60 S3-181.50 S2-183.10 S1-184

Daily Trading Strategies Update for NSE Cash&FO

                           DAILY STRATEGIES UPDATE        DATE-17-02-2017 WWW.BEAANALYST.BLOGSPOT.COM SELL BELOW 8732 WITH TARGET-8718/8702 AND STOP LOSS-8740, TRAILING STOP-7 NIFTY50 BUY ABOVE 8772 WITH TARGET-8785/8802 AND STOP LOSS-8780, TRAILING STOP-7 S3-8702 S2-8718 S1-8732 LEVELS R1-8772 R2-8785 R3-8802 SELL BELOW 138.85 WITH TARGET-137.95/136.80 AND STOP LOSS-139.30, TRAILING STOP-0.45 PNB BUY ABOVE  141.55 WITH TARGET-142.45/143.60 AND STOP LOSS -141.10, TRAILING STOP-0.45 S3-136.80 S2-137.95 S1-138.85 LEVELS R1-141.55 R2-142.45 R3-143.60 SELL BELOW 183.75 WITH TARGET -182.60/181.10 AND STOP LOSS-184.35, TRAILING STOP-0.60 HINDALCO BUY ABOVE 187.30 WITH TARGET-188.50/189.95 AND STOP LOSS-186.70, TRAILING STOP-0.60 S3-181.10 S2-182.60

DAILY TRADING STRATEGIES UPDATE

                           DAILY STRATEGIES UPDATE        DATE-16-02-2017 www. beaanalyst.blogspot.com SELL BELOW 8738 WITH TARGET-8723/8705 AND STOP LOSS-8748, TRAILING STOP-8 NIFTY50 BUY ABOVE 8782 WITH TARGET-8797/8815 AND STOP LOSS-8772, TRAILING STOP-8 S3-8705 S2-8723 S1-8738 LEVELS R1-8782 R2-8797 R3-8815 SELL BELOW 20172 WITH TARGET-20125/20067 AND STOP LOSS-20196, TRAILING STOP-24 BANK NIFTY BUY ABOVE 20311 WITH TARGET-20358/20416 AND STOP LOSS-20287, TRAILING STOP-24 S3-20067 S2-20125 S1-20172 LEVELS R1-20311 R2-20358 R3-20416 SELL BELOW 140.20 WITH TARGET-139.20/137.95 AND STOP LOSS-140.70, TRAILING STOP-0.50 PNB BUY ABOVE  143.25 WITH TARGET-144.25/145.50 AND STOP LOSS -142.75, TRAILING STOP-0.50 S3-137.95 S2-139.20 S1-140.20 LEVELS R1-143.25 R2-144.25 R3-145.50 SELL BELOW 184.