Skip to main content

S&P_500 Correction

US market is on the bullish move
from my point of view Technical Indicator are shows S&P_500 could take short correction from current chart

Comments

Post a Comment

Popular posts from this blog

Punjab National Bank Trading Strategies

Daily Trading Strategies                                                                                                      15/02/2017 Daily Level           Punjab National Bank R3- 147.00      Buy     Buy above 144.70 with Target-145.70/147 with Stop Loss-144.30. Note: If open price is below 144.70 than order is active  R2- 145.70 R1-144.70 Resistances Support      Sell Sell Below 141.60 with Target- 140.60/139.30 with Stop Loss-142.10. Note: If open price is above 141.60 than order is active S1- 141.60 S2- 140.60 S3- 139.30
Post a Comment
Read more

Nifty Trading Strategies

Daily Trading Strategies                                                                                                                                                                              15/02/2017 Daily Level                    Nifty R3- 8848            Buy        Buy above 8818 with Target-8831/8848 with Stop Loss-8808. Note: If open price is below 8818 than order is active  R2- 8831 R1-8818 Resistances Support            Sell Sell Below 8875 with Target- 8761/8744 with Stop Loss-8885. Note: If open price is above 8875 than order is active S1- 8775 S2- 8761 S3- 8744
Post a Comment
Read more

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
Post a Comment
Read more