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HCL Techonologies’s Trade Setup For Premium Subscribers

Posted: 26 Dec 2021 09:09 PM PST

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Elliott Wave says NIFTY Going for 16369

Posted: 26 Dec 2021 06:12 AM PST

Nifty is constructing triple three (X,Y,Z) right now.

Price is about to accomplish sub-wave B of triple three.

Buyers should be ready to exit from their position before the price reaches the nearest lower high at 17639, which is wave (X) of the correction.

According to wave principle, if the price couldn’t sustain above wave X, then the current trend is about to resume.

Currently, nifty’s trend is bearish and, wave C can give a downward motion with the following targets:
TP 1: 16909
TP 2: 16690
TP 3: 16449
TP 4: 16369

Note that price can make an excess at the upper band of the channel.

Trade Setups (only for the safe traders):
Traders can enter when the price rejects the wave (X).
If the price breaks the (X) at 17639, it may be a fake-out. Traders can wait for the price to enter into the parallel channel.

Stop can be the nearest high of the excess which will be out of the channel.

Trade Setups (only for the Lionheart traders):
Lionheart traders can enter in sell position when the price makes rejection of wave (X).
After the price rejection, they can initiate a short position below 17600.

Stop can be high of the new lower high.

LAST CHANCE: If you are not a premium subscriber, you’re about to miss this high probability setup with more than 1000 points like you missed previous ides because a 12th-anniversary offer is going to end.

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Don’t Get Yourself Into a Bull Trap With MCX Gold

Posted: 26 Dec 2021 05:41 AM PST

Key levels: 47948 – 49290
Gold is rejecting uptrend and downtrend at the level of 47948. And we don’t see a powerful movement in the 2021 year, wherein it throwout the level of 49280 successfully.

Here, you will have a strong support level, wherein we may decide about buying or selling. And it is the level of 47948. Intraday traders can keep buying the gold for targets of 48360 – 48640 – 48890 – 49280 until it remains above the level of 47948.

But, if you see a breakout of the first ‘key’ level, then sell it for the targets of 47480 – 47060 below.

Buyers must be aware these days. Why?
The gold prices may push down with power compared to an uptrend because of Coronavirus (Omicron).

For advance traders, watch significant releases or events that may affect the movement of gold, silver, crude oil & natural gas:
Tuesday, Dec 28, 2021
20:30 CB Consumer Confidence (Dec) – High Impact

Wednesday, Dec 29, 2021
03:00 API Weekly Crude Oil Stock – Medium Impact
21:00 Crude Oil Inventories – High Impact

Thursday, Dec 30, 2021
19:00 Initial Jobless Claims – High Impact
21:00 Natural Gas Storage – Low Impact

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Phone: +91 903 386 2706

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