The below given chart is on Monthly Time frame and I have tried to put down EW counts on it.
The below given chart is on Weekly Time frame and I have tried to put down EW counts on it. Also, we may observe that INHS pattern is in making. Although in recent times I have noticed that this pattern didn't work as it was used to be earlier.
The below given chart is on Daily Time frame and I have tried to put down EW counts on it.
Also, we may observe that Triangle is in making in this time frame.
The below given chart is on Daily Time frame. This chart is just to show that candlestick patterns do work and if one stays with it => definitely makes profit.
The below given chart is on 15 Mins Time frame and I have tried to put down EW counts on it.
TISCO is making Gartley Pattern or already made (time will confirm on this). Levels mentioned in the chart may be used for making an entry.
Hi Prabhanshu
ReplyDeleteTatasteel is below all LEMA's but above 330(MLEMA)-323(200dsma)
Given the bearish nature, should we expect a (ii) to complete at or above 336.
Just an alt. scenario what is your view if one keeps 435 as 'A' and a 'B' is ongoing on Day?
Hi Sahil, just saw your comment. Not used to see my blog for comments :-)
ReplyDeleteIf we keep 435 as A (in 3 waves), then at 336, a of B might have completed, (a) of b of B may completed at 382 and (b) at 340.70 and currently (c) might be unfolding. We need to count 5 waves from 340.70 to get end of wave B and then wave C down.
In both scenario, the current direction seems to be on upside.
But if you see month chart, the probably you see that C ended at 195.30 and new set of 5 waves may have initiated. (this counting is not correct in this post but highlighted by Raghavendra and yet make it correct)
Coming to whether (ii) to complete at or above 336. As you know, technically, (ii) can end at or above 336. But if we count waves, then probably it ended at 340.70.
Hi Prabhanshu ... I see you and Chetna discussing tata steel
ReplyDeleteWould you mind discussing counts with me also ?
Hi Ganesh,
ReplyDeleteAbsolutely yes, as and when u want to contribute in the discussion, then pls share views. If any query..then we all will try to resolve it.
That's the beauty of Sir's blog.