@ewcnt I tried to learn for last few years the Elliot wave, learnt few things, but very very difficult to take a call looking at a chart, but demand and supply is very good. I simply buy quality stocks and keeep it for long term, many achived more than 100 percent and happy to keep rest
#BEL#BharatElectronics - 437
This chart is nearing a medium term top and immediate resistance zone is between 458-460 and if rejects from this zone, then the price can reach 355 levels.
But if the price closes above 460 levels, then it can reach between 480-500 zone in an ED, then the decline can come below 300.
Usually I don't share stock charts but this seems to be in interesting zone. So sharing for ONLY learning purposes.
Charts attached for these options and the 460 level may decide which option to follow.
This view is invalid if the price closes above 500.
Not any recommendations. Don't consider this analysis as buy or sell recommendations.
#Elliottwave
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PCR is your best friend for intraday trading ๐ค
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You donโt need to predict the trend โ๐๐
With PCR
๐ You get very fast targets ๐ฏ
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Thatโs why I update PCR on a timely basis during trading โฑ๏ธ
Daily updates help me stay aligned with real market positioning ๐ง
If you want to understand this deeply and practically ๐
๐ Repost & like โค๏ธ
๐ Comment โYESโ ๐ฌ
I will send one strategy individually ๐ฉ๐ฅlike this PCR data was suggesting sell on strong resistance for today #Nifty #FibTraderR
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@ilangoJustNifty Sir, are C and 5th of C down or the same at 25735 (you need to write 25735 i/o 25735. now if HH and HL is formed can we plan long trade. 25728 and 25948 is the high and low and it is not breached down. hence still is uptrend intact. thanks.